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A comment on $1B betting the United States will lose its AAA credit rating.. Parent comment

Re:$1B betting the United States will lose its AAA credit ra... by inthewoods on Thursday July 28, 2011 @09:01AM (#2816516)
Yes, completely agree - moreover - if the trader is going long the futures, he's betting that interest rates will drop, therefore, isn't he betting that the US WON'T lose it's Triple AAA rating (which should cause interest rates to rise)?

(Bearing in mind the other purposes which could exist for the trade - ala hedging, etc.)

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Re:$1B betting the United States will lose its AAA credit ra... by retube on Thursday July 28, 2011 @09:13AM (#2816564)
Yeah. I'm giving the author the (probably undeserved) benefit of the doubt and assuming the trade was a short. Although I don't think it's expressly stated. (Edit: actually it is, towards the end of the article)
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