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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 7:33 pm
(This post was last modified: August 8, 2011 at 8:00 pm by Anomalocaris.)
China's lower credit rating can be attributed to 3 things:
1. China under the current government has had a short hisotry as a participating player in the internation credit and finance world. Length of credit history helps build confidence in one's credit worthiness, and china's is short.
2. The current government has in the relatively recent iteration of itself, exhibited both the ability and willingness to make radical and capricious changes to the very concept of asset and credit ownership. Arbitrary appropriation of the properties of the creditors within living memory does not help one's credit rating.
3. Due to the odd detachment between the ideological and practical justification of the very communist and yet supremely capitalist government in china, there is much uncertainty about just how long this current form of government can maintain its own legitamacy. Just who will pay china's debt's should Chinese communist party loses its grip is not entirely clear. This also doesn't help China's credit rating.
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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 7:38 pm
(August 8, 2011 at 7:33 pm)Chuck Wrote: China's lower credit rating can be attributed to 3 things:
1. China under the current government has had a short hisotry as a participating player in the internation credit and finance world. Length of credit history helps build confidence in one's credit worthiness, and china's is short.
2. The current government has in the relatively recent iteration of itself, exhibited both the ability and willingness to make radical and capricious changes to the very concept of asset and credit ownership. Arbitrary appropriation of the properties of the creditors within living memory does not help one's credit rating.
3. Due to the odd detachment between the ideological and practical justification of the very communist and yet supremely capitalist government in china, there is much uncertainty about just how long this current form of government can maintain its own legitamacy. Just who will pay china's debt's should Chinese communist party loses its grip is not entirely clear. This also doesn't help China's credit rating.
Good points.
.
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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 8:13 pm
(August 8, 2011 at 7:31 pm)theVOID Wrote: (August 8, 2011 at 7:18 pm)Judas BentHer Wrote: I didn't ignore a thing. I gave a brief cut / paste of the opening of the article because it's against the posting rules to post the whole article.
You must have conveniently forgot about those.
I didn't complain that you didn't post the whole article, I complained that you took one side only  There were roughly an equal number of people for and against the downgrade quoted.
Well, I can only take one side because my legs, while long, aren't that long so that I straddle a fence and balance on both sides.
Besides, I tried that once and let's just say Soprano is a place I never ever want to venture again.
"In life you can never be too kind or too fair; everyone you meet is carrying a heavy load. When you go through your day expressing kindness and courtesy to all you meet, you leave behind a feeling of warmth and good cheer, and you help alleviate the burdens everyone is struggling with."
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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 10:28 pm
(August 8, 2011 at 7:38 pm)theVOID Wrote: (August 8, 2011 at 7:33 pm)Chuck Wrote: China's lower credit rating can be attributed to 3 things:
1. China under the current government has had a short hisotry as a participating player in the internation credit and finance world. Length of credit history helps build confidence in one's credit worthiness, and china's is short.
2. The current government has in the relatively recent iteration of itself, exhibited both the ability and willingness to make radical and capricious changes to the very concept of asset and credit ownership. Arbitrary appropriation of the properties of the creditors within living memory does not help one's credit rating.
3. Due to the odd detachment between the ideological and practical justification of the very communist and yet supremely capitalist government in china, there is much uncertainty about just how long this current form of government can maintain its own legitamacy. Just who will pay china's debt's should Chinese communist party loses its grip is not entirely clear. This also doesn't help China's credit rating.
Good points. Is china's ghost cities also a point?
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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 10:42 pm
Quote:because without that 5 you don't get to lock and load.
Hey back when I was in training I could load and fire that fucker in 20 seconds...with the bayonet in place.
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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 10:49 pm
(August 8, 2011 at 10:42 pm)Minimalist Wrote: Quote:because without that 5 you don't get to lock and load.
Hey back when I was in training I could load and fire that fucker in 20 seconds...with the bayonet in place. Wow, that is impressive. OK, I give 5 and you can use the bayonet. 
Chuck, I gotta ask, what is that creature in your avatar?
Fascinating looking. Even if it's a photo-shop.
"In life you can never be too kind or too fair; everyone you meet is carrying a heavy load. When you go through your day expressing kindness and courtesy to all you meet, you leave behind a feeling of warmth and good cheer, and you help alleviate the burdens everyone is struggling with."
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RE: S&P Seen Surrendering to Tea Party
August 8, 2011 at 10:50 pm
(August 8, 2011 at 10:28 pm)Ashendant Wrote: Is china's ghost cities also a point?
No.
.
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RE: S&P Seen Surrendering to Tea Party
August 13, 2011 at 10:05 pm
(August 8, 2011 at 10:50 pm)theVOID Wrote: (August 8, 2011 at 10:28 pm)Ashendant Wrote: Is china's ghost cities also a point?
No.
Why not? they basicly creating a bigger property bubble than america ever had
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RE: S&P Seen Surrendering to Tea Party
August 13, 2011 at 10:11 pm
Quote:But Buffet gets off the hook, right?
Yes, but only because
http://http://news.yahoo.com/blogs/ticke...-rich.html
Quote:Warren Buffett agrees: Tax the rich
he understands that rich cocksuckers have to pay their fair share.
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RE: S&P Seen Surrendering to Tea Party
August 15, 2011 at 2:15 pm
Almost right on cue!
http://www.cnbc.com/id/44142272
Quote:Billionaire Warren Buffett urged U.S. lawmakers to raise taxes on the country's super-rich to help cut the budget deficit, saying such a move will not hurt investments.
"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," the 80-year-old "Oracle of Omaha" wrote in an opinion article in The New York Times.
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