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Signs Of Stress: Warren Buffett's Downgrade, China's Treasury Jitters

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Why didn't Moodys downgrade Buffett? Oh, he's heavily invested in them. So much for the independence of the rating companies.

Will of FL 8:49AM March 15, 2009

I say it is about time that someone is beginning to understand that if you keep printing money at the expense of the value of it promised worth, you run the risk in the end of it being worth paper to wipe your ass with!
Chinese may soon regret buying so many promises, or we will. It is no wonder the Federal Reserve doesn't want you and I to know about the M3 mess. Hell the notes printed since January will make your head spin. It looks like a hockey stick. The supply of bills in the system is pretty well flat since the end of the WW2 until the bump in Nov. of 2001 then back to slow rise. But since January there is only one word to describe it and you can say it forwards and backwards...WOW!

Jeff of WI 8:06AM March 15, 2009

American should be happy that we have china feeding us. without china, american would become a begger now. as matter of face, we american are begger in this moment.

MR M of NY 1:33PM March 13, 2009

China should be worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasury bonds, the dollar, gold and the stock market.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

Ron of NC 12:55PM March 13, 2009

to mitigate the growing world perception that the U.S. Government is the biggest broke deadbeat in the history of the world.
You can re-enact higher taxes at the high end of the income spectrum, including on capital gains. Our "implied" taxing power is not worth a speck of USA creditworthiness if we cannot and will not use it. If Dems and Obama miss this opportunity while liberals hold the government, then the dollar is toast. And maybe faster than you think--once it starts.
It's not a matter of class warfare or soaking the rich (as some nitwit conservatives insist). It is a matter of demonstrating the start of a turnaround in the USA twin deficits. If any turnaround is IMPOSSIBLE, then your dollar will soon be correctly down-priced by all the other nations. By the way, your FDIC insurance does not cover that kind of loss.

Muser of NM 12:05PM March 13, 2009