In Geithner We Trust.......

Oh boy......


Thanks to Drew Friedman

WSJ

"Absolutely not," Mr. Geithner said in an interview with ABC News's "This Week" when asked about the prospect of the U.S. losing its top rating. "That will never happen to this country."

Judging Geithners past "fabulous" forecasting track record i assume the downgrade is not far away....;-) Even the strongly US influenced rating agencies like Moddy´s & S&P cannot ignore the reality shown at the US National Debt Clock Real Time indefinitely.....Nobody expect them to tell the truth but at least they have to "adjust" ( as usual very very slowly ) to maintain the few percentage points of credibility left.... ;-)

Wenn man die "fantastische" Trefferquote von Geithners Prognosen berücksichtigt dürfte das Downgrade demnächst Realität werden bzw der Realität angepaßt werden.... ;-) Ein Blick auf die Us National Debt Clock Real Time dürfte es selbst den stark unter US Einfluß stehenden Ratingagenturen Moddy´s und S&P schwer machen sich zumindest den Realitäten anzunähern.... Immerhin gilt es die letzten paar verbliebenen Prozentpunkte an Glaubwürdigkeit zu verteidigen.....

UPDATE:
Famous Last Words: U.S. Will ‘Never’ Lose Aaa Debt Rating Mish
The best defense is a good offense, absolutely The Mess That Greenspan Made
USAAA forever FT / LEX


H/T Clusterstock

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