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Woodshedder
Joined Nov 11, 2007
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El-Erian: U.S. May Lose AAA Rating Despite Reaching a Debt Ceiling Solution

CRONKITE Mon Jul 25, 2011 11:47am EST 2 Comments

“In most likelihood, a last-minute political compromise will avoid a default but will leave the AAA rating extremely vulnerable,” El-Erian, the Newport Beach, California-based chief executive officer and co-chief investment officer at Pimco, wrote in an e-mail. “Stock markets around the globe will look to price in a greater uncertainty premium on account of political squabbles in the world’s largest economy and the increasing risk that it may lose its sacred AAA rating.”

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2 comments

  1. TJWP
    TJWP
    July 25, 2011 at 11:50 am

    So, the really smart people managing billions won’t be tricked by the really dumb people who run the country? SHOCKING!!! lol

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    • TJWP
      TJWP
      July 25, 2011 at 11:51 am

      Sorry I realize I should have written “the really dumb people they get elected to run the country”

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      • 0 Deem this to be "Fake News"

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