Sunday, August 7, 2011

US is AA+

US bonds are rated AA+.
Earlier these were AAA.
Enjoying that status since 1917.
This is downgrading.
The future outlook is negative.
Of course people are saying that one should not generalize the situation and start thinking that Barak Obama is presiding over USA demolition like Mikhail Gorbachov did for USSR.
Of course a certain guy called Vladimir Putin from Russia, the successor of USSR, said that America is a parasite on the world economy.

And from Chinese quarters we hear that
The days when the debt-ridden Uncle Sam could leisurely squander unlimited overseas borrowing appeared to be numbered ...
(And more here.)

But should one feel comforted by the troubles in one's neighbourhood (think of global village)?
Of course not. But then how should one feel about a mighty power (yes, yes superpower) which has completely integrated a Christian obnoxious experiment called Israel in its policy leaving Muslims to only lick their wounds?