US Credit Rating Warning

[alevin]

Unfortunately, our "cash" is in treasuries-and we may lose flexibility in managing that, if .gov decides to borrow G. no way to go short or to cash except via external accounts or reduce TSP contribs. I'm not willing to reduce TSP contribs-yet-but may switch new contribs into I here shortly, they've been going to G.

A portion of my external accounts are still in cash but small potatoes compared to TSP.

 

[Frixxxx]

PIMCO goes short U.S. government debt

On Monday April 11, 2011, 8:47 am EDT

SINGAPORE (Reuters) - PIMCO has shifted to a short position in U.S. government-related debt in the world's largest bond fund, while also raising cash holdings in a sign of the asset manager's serious concerns about the U.S. fiscal outlook.
The portion of PIMCO's $236 billion Total Return Fund held in U.S. government debt, including U.S. Treasuries, was -3 percent of total assets in the fund as of March, down from zero in February, the firm's website showed. STORY

Now that's a way to get money out of bonds and into the market....or matress.:blink:

 

[WorkFE]

I don't suppose they could have waited till after 4pm to print that

 

[nnuut]

CUT SPENDING NOW!!:nuts:

JANUARY 13, 2011, 12:47 P.M. ET

S&P, Moody's Warn On U.S. Credit Rating


By MARK BROWN And NATHALIE BOSCHAT

LONDON—Two leading rating firms have cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction.
http://online.wsj.com/article/SB100...09904.html?mod=WSJ_hp_LEFTWhatsNewsCollection