Can anyone explain how the USD is up today? I'm frustrated? Anyone?
How is it possible that the US has a rising debt that now approaches 10 Trillion dollars, that they have ramped up the printing presses to "11" and that their economy is on the brink of disaster and yet anyone can find any reason to own these worthless pieces of paper?
How is it possible they can maintain a triple A credit rating considering that their banking system is precariously close to collapse. (Bernanke admitted yesterday that if they didn't bail out Bear that there was more than a chance that the entire finacial system would have tanked). How could anyone take these ratings seriously? There debt is rising exponentially and it's quite apparent that their tax base is eroding by the minute which will mean that all their projections are way off and their debt will increase at an even greater rate! How can they pay this off?
The US is the ultimate subprime debtor!
Give me a break!