I.O.U.S.A Video, UK, U.S AAA Rating At Risk

Hate to be spewing US debt Armageddon stuff but after today's action in Treasuries and the USD maybe people should know what's going on w/ our Federal debt. Pimco's Gross: Sell-off (US Dollar, Stocks, Bonds) driven by fears US could lose AAA (Reuters, Bloomberg Phone Interview).


In other news:

Rosenberg Says U.S. Stock Market May Test March 9 Low (Birinyi is bullish) (Bloomberg)


UK risks losing AAA rating (S&P but Fitch/Moody's Disagree) (Reuters)

Goldman Expects Large Drop In Rents; REITs Impacted (Zero Hedge)

N.Y. Fed says bought $7.398 bln Treasuries Thurs (Reuters)

Kokusai Cuts Treasuries as Fukoku Sees End to Rally (Bloomberg)

Commercial Mortgage Bonds Rally on Fed’s Legacy Assets Plan (Bloomberg)

U.S. Economy: Leading Indicators Index Gains as Recession Eases (Bloomberg)

Here Comes the Option ARM Mortgage Explosion (Business Insider)

US's Geithner- obligation to sustain strong dollar (Reuters)

Cheaper to finance a house than U.S debt (Zero Hedge)

Geithner Says TARP Can’t Help U.S. States Solve Budget Crises (Bloomberg)

Birinyi Says S&P 500 May Surge 88% in Three Years (Bloomberg)

U.S. Dollar to Fall Further on Stimulus Spending, Says Windheim (Bloomberg)

Fed Unconvinced Economy’s ‘Stabilization’ to Persist (Bloomberg)

U.S. 2-Year Range Break Could Steepen Curve: Technical Analysis (Bloomberg)

Watch for a break out in the yield curve (2s - 10s - Bloomberg.com)



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