I am no expert on the market. That said, I think it’s only a matter of time before interest rates rise. Who in their right mind would loan these fools in Washington more money at these ridiculously low interest rates? If you want me to loan you money, then you’d better pay me to take the risk. I don’t think it matters what “Moody’s” or “S & P” say. Who are they, anyway? Wasn’t Moody’s the one who was stamping all those credit-default swaps AAA, when any type of research would have shown they were junk?
Who? Anyone who wants free protection from the mightiest military on earth, and anyone who wants to dump their useless trinkets on our markets ... pretty much, China and the rest of the world!