Dagong Downgrades Japan Local Currency Sovereign Rating To A+

Tyler Durden's picture

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Oh regional Indian's picture

WHO hit da gong?

It's off to the races it looks like. The downgrade derby. Some want it down, some want it up...the dystopia of floating fiat...

but a rising tide floats ALL boats.... ;-)

ORI

http://aadivaahan.wordpress.com/2011/05/26/the-video-trailer/#comment-2349

Thomas's picture

I read it as "doggone". BTW-Isn't that rating for Greece 3 levels below horse shit?

Rodent Freikorps's picture

Totally OT, but start your day with the greatest music video ever made.

It made me feel like the US has hope.

http://www.youtube.com/watch?v=ZPjjZCO67WI

after 1:40 it'll blow your mind. One take.

It is the cities, counties and states that will resurrect America once we shit can the feds.

Gmpx's picture

Ratings are meaningless simplification. Imagine an idiot who only know 3 letters A, B and C. He also knows "+". He answers any question using the 3 letters and the "+". How are you today? A+

JamesBond's picture

imagine that.  a chinese rating company downgrades its closest and strongest competitor while they're down.

nah, no politics involved here.

Ted K's picture

The Chinese hate the Japs guts. 16 hours of 24 hours worth of Chinese TV shows some unrealistic melodrama (with horrid special FX and Heinz ketchup) where some Chinese pussy single-handedly defeats 20 Japs with a paperclip after they raped his GF.  Wow, they lowered the Japan ratings after a massive earthquake.

 

Tyler, I love ZeroHedge, but if this is a headline to you, you better go back and check the newswires again buddy.