US will lose AAA credit rating by 2013: bond manager

• Moody's threatens U.S. AAA downgrade on tax bill...

Video - Jim Leaviss, head of retail fixed interest at M&G, the fund management arm of the Prudential, said France remains "the AAA economy closest to a downgrade" and that the US "will lose its AAA rating – but not in 2011" as the two countries grapple with debt.

• "Central banks and governments are throwing everything they have in their monetary and fiscal policy weaponry to generate a self-sustaining economic recovery."

• Read more at Telegraph UK...

Comments

[DailyBail]

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[DailyBail]

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[DailyBail]

US will lose AAA credit rating, says M&G's Jim Leaviss

A leading fund manager has warned that the world's largest economy will be downgraded within two years because of its high levels of debt.

http://www.telegraph.co.uk/finance/economics/8202225/US-will-lose-AAA-credit-rating-says-MandGs-Jim-Leaviss.html

[David]

Yah, right. Moody is going to downgrade the credit rating of the US. How about cutting its financial throat?

[DailyBail]

Government May Shut Down Amid Standoff on Pork-Filled Spending Bill

http://www.foxnews.com/politics/2010/12/15/republicans-vow-reject-pork-filled-omnibus-spending/#ixzz18FnpdBRC

[DailyBail]

@david...moody's is not warning for fun..this is serious...and they know it...in fact everyone knows it's serious except washington...they won't understand what's at stake until it's too late...

[S. Gompers]

"Yah, right. Moody is going to downgrade the credit rating of the US. How about cutting its financial throat? "

The name of the game for many years now is "kick America in the balls till she is a third world country". This will be one of the last nails in that coffin.

[Sagebrush]

I have an arthritic thumb that gives more reliable ratings than Moody's!

Their performance for their clients leading up to the recession was pathetic.

[DailyBail]

yes moody's was and remains awful..same for s&p...