Quote:
Originally Posted by Adam_M
The S&P downgrade means shit really, aren't they the same jackasses the gave all those dodgy housing bonds a AAA rating just a few short years ago and helped create this mess in the first place?
Take a look at the USD against all the major currencies right now, money is flooding back as the big end of town still sees US Treasury Bond as a safe place to park money with the world markets in the mess they are.
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Yes, yes,and yes.
S&P ratings in the big scheme of things mean very little to the general public. Sure, the money gamers are milking it. US Treasury Bonds keep investors sound to this day.