Financial Armageddon: The Beginning of the End for America's AAA Rating?
Not a new subject but what if the triple rating is in jeopardy or is going to go away?
It is a waste of time to discuss whether it should or should not be downgraded, more important than should is what portfolio steps make sense if the rating is downgraded?
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3 comments:
I increased my portfolio weight in BWX and PGD because of concern about US deficit.
PGD? the pegged currency ETN?
interesting.
one thing about the mid east, that is where the money is flowing to.
If you look at treasury debt not held by soc sec it is only 36% of gdp.
That is a LOT less than most countries. So the AAA seems far from in jeopardy, but you point that the dollar could drop another 20 to 40% is a major concern.
I am a bear and I do not like the dollar, but I think many other countries could have more problems going forward than the US.
So as bad as things look and I think they look horrible the dollar may muddle through on a relative basis.
If PGD was an ETF I would be more interested. If the bottom falls out of the world economy how do I know the ETN will still be viable?
All these issues seem worth exploring though even if we do not get worst case type scenarios IMO
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