Gyroscopic Investing

Hong Kong has a higher credit rating than the U.S.

Ha!

Anyone who thinks their money is safer in Hong Kong bonds than U.S. treasurys is crazy.

MediumTex wrote: Hong Kong has a higher credit rating than the U.S.

Ha!

Anyone who thinks their money is safer in Hong Kong bonds than U.S. treasurys is crazy.

Yeah that's hilarious. Just shows once again that not all risks show up in economist's spreadsheets.

For the record, I wouldn't give the EU bonds as high a rating as they have either. There is a ton of political risk present in the EU.

Makes me want to watch 'The Big Short' film again.

And what about all those moronic bond companies and  "experts" that were gobbling up huge quantities of "can't lose" Puerto Rican bonds up to the day the PR governor told all of them to go to hell with their expectations of getting their money back, not to mention any interest payments on those funnymoney bonds?

What a world we live in. 

The lesson here, as many more governments around the world (including the clueless U.S.) race mindlessly toward bankruptcy like lemmings stampeding over a cliff, is to hold on to your gold, PPers. All of those folks who scorn gold for "paying no interest or dividends" may be singing another tune sooner or later, probably sooner rather than later.