US downgrade warning.

[ZenOps]

http://www.reuters.com/article/2011/...NA357420110713

Dun dun duhhh!

[HiTempguy1]

Anybody care to comment? What would this mean for Canada (if anything)? As noted elsewhere, I'm thinking about buying some real estate soon, but a tanking economy will put a stop to that...

[Modelexis]

Originally posted by HiTempguy1
but a tanking economy will put a stop to that...

LMFAO



The US economy started tanking in 2007 or earlier.
It's already tanked brother.

You gotta stop listening to obama and start looking at the facts/reality.

Half the crew is floating out to sea and the boat is half under water and you're driving by in a boat that is tied to it and are thinking to yourself if it might be worth investing in the ship tied to yours that is half under water, but you're waiting to see if it completely sinks and want to be careful to make the right decision.

[M.alex]

Originally posted by HiTempguy1
but a tanking economy will put a stop to that...

Right now the ONLY thing keeping it afloat is hope and greed. They're virtually making the same mistakes over and over.

Unfortunately the market can remain irrationalle far longer than you can remain solvent, so who really knows just when everything is going to collapse.

[HiTempguy1]

Originally posted by M.alex


Right now the ONLY thing keeping it afloat is hope and greed. They're virtually making the same mistakes over and over.

Absolutely, but, in the grand scheme of things, how much will it tanking "further" affect (specifically) Alberta. The first time in '07 as mentioned produced a bit of a correction in real estate prices... sure, it was hard to sell for a year or two, but things picked up pretty quick after that here

[ChappedLips]

No big deal, just let that printing press work overtime and we can inflate our worries away!

ZenOps might have been right all along...

[Xtrema]

All I can say is at the saber rattling on both side when both knows raising the limit however arbitrary, is the only option.

[Redlyne_mr2]

Obama like Nenshi, no experience, to much flash. Can't get anyone to agree.

[sputnik]

Originally posted by Redlyne_mr2
Obama like Nenshi, no experience, to much flash. Can't get anyone to agree.

How exactly would John "The Maverick" McCain have done any differently?

[Modelexis]

Originally posted by ChappedLips
No big deal, just let that printing press work overtime and we can inflate our worries away!

It's sadly a lot easier than that, they just type some zeros into a computer.

[Xtrema]

Originally posted by Redlyne_mr2
Obama like Nenshi, no experience, to much flash. Can't get anyone to agree.

Actually it's the Republican this time.

Boehner has a compromised plan ready 2-3 weeks ago but the party pull him back and go back to the rhetoric of partisan blame.

Since Obama voted nay on the last debt ceiling raise when he was a senator, they are turning this on him as flip flop in hope to take him down a few pegs for the 2012 election.

Obama just take this and turn it around trying to pin it on republican because he know they will do it anyway or the whole default will be their fault.

Politic sucks.

[71car2]

Meh, how whatever these fat cats (the republicans and democrats ... hell, all of them are the same!)... make the decision what to do with their U.S. debt ceiling problem, it won't be a good solution.

All they can do is to buy more time to delay or avoid the collapse, as far I see. That had been going on for a long time and it looks like the time had finally come like a nightmare.

If the credit rating must be downgrade for U.S.A. then let it be! That might serve these people as a cold "wake-up" right on their butts. Look, Obama didn't ask for that - that debt thing had started long before he took over the reins as the prez. It was already on the desk when he come to sit in the Big Chair.

That's what the U.S. have its own Fort Knox is for, eh? They can make new notes out of nothing and pass the burden of debt on the mice! <sarcasm>

[ICEBERG]

Doesn't US owe China like 1.4 Trillion Dollars? So what happens when the Landlord comes to collect? U.S is now Chinas Bitch, Beijing owns Washington

[vtec4life]

Originally posted by ICEBERG
Doesn't US owe China like 1.4 Trillion Dollars? So what happens when the Landlord comes to collect? U.S is now Chinas Bitch, Beijing owns Washington

China and the US are so co-dependant that if one goes down so does the other. China sells more goods to the US than any other Country, and the US borrows more money from China then any other Country. If China comes to collect, they screw their biggest customer. If China stops loaning the US money to buy goods, they are also screwed because the US wont buy any more goods!

China will keep the US afloat as long as they can or they risk a crisis themselves IMO

Edit: they are each others bitch

[Xtrema]

Originally posted by ICEBERG
Doesn't US owe China like 1.4 Trillion Dollars? So what happens when the Landlord comes to collect? U.S is now Chinas Bitch, Beijing owns Washington

China will tell US to STFU on most international disputes where there is a Chinese interest or they will sell some of the bonds for cheap and fuck up most of the western world as a lesson.

China cannot self sustain for now. But the co-dependent relationship with western world are lessen day-by-day.