close

After the downgrade of US Treasury Bill credit rating, maybe we should ask ourselves this question: what financial instrument could still deserve a AAA rating in the traditional definition?  If the treasury bond issued by the government of one of the strongest, biggest economies in human civilization is after all not that safe, what else could be?

With the new norm of high systematic risk on the market, I suggest that S&P and other credit rating agencies change the definition of AAA to be: well, as safe as you could ever get; invest at your own (kind of high) risks!

arrow
arrow
    全站熱搜

    oliviawu 發表在 痞客邦 留言(2) 人氣()