If we slam into the debt ceiling will the USA be downgraded?
First off, get your score card out and grade the USA yourself. What grade would you give it?
Yeah, it looks like Helicopter Ben has stated that he had and oops moment and that QE3 is on the table where all his tools are sitting. Which is really to say that QE3 is pretty much the only tool at is disposal.
Looking at the free widget ExactPrice it’s pretty clear that someone out thinks this is not good info for the future what with all the buying sending gold to new nominal highs in the Dollar, Euro, and Sterling. So my suggesting, keep watching. Prepare.
And go read this very interesting piece, Will the US Be Downgraded?
It would seem that politics is why we’re even asking the question.