NP: No gov't; best gov't..from John Lanchester LRoB

[David Morris]

Right.  This fact really did make S&P's move look silly.  But they've
been courting the silly for a while now...

On Fri, Sep 2, 2011 at 3:15 PM, Paul Mackin <mackin.paul at verizon.net> wrote:
>
> However the U.S. is not just any old sovereign.
>
> Paradoxically, the demand for U.S. debt actually increased after the s&p downgrade. (value up, interest rate down)
>
> When investors get jittery and flee everything else, they have no other place to go.
>
> True the value of the dollar declined against other currencies but it was still a catch 22 type situation.
>
> The U.S. is no longer trustworthy so we better give it our money for safe keeping.
>
> What are ya gonna do?
>
> P
>