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Who is underwriting that review? Moodys of Milan?
Have no fear!
Silent Clap... +~ AKA golf clap...
Liar liar pants on fire.
You worry too much. They have their top men working on it... Top, Men.
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The calendar has a little red x in a sea of white (not uploaded yet). Maybe symbolic?
Maybe X points out the place where they hid the gold?
somewhere in the sea?
Chinabot's got a virus?
2008: Globally coordinated bailouts
2011: Globally coordinated downgrades
First the countries bailout the banks...
Then the Banks bailout the countries...
makes sense... in a way...
Datong is the only credible rating agency as they represent the worldwide biggest buyer of bonds. S&P, Moody's and Fitch represent the biggest seller of debt and smell very often politicaly perfumed.
It is about time Italy joined the party.
When they say "we're finished" that means that they are planning to start.
When they say "no problem my friend"... you should worry... and get out... FAST!
"No problem, we are finished"...
WTF?! Isn't this against their self-interest? I mean, after all that's been "invested" in Greece.. I'm terribly confused here.
The farce is now complete...
Not quite. This is merely another disturbance in the farce.
The farce is strong in Schaeuble.
so china wants to buy some cheaper italian paper... makes sense
It is not meant to be clear.
We are meant to be confused little sheep just bleating to be led out of the deep dark wood.
Unfortunatly for the PTB some people just insist on putting out another line of shorts, or buying inedible metal for entertainment, rather than watching the idiot box.
These damn uppity sheeple.
Today is a definite Ponzi off! day.
Gold continues to decouple from metrics that have dominated the price action in recent months: dollar up, oil down are no longer an issue. I suspect that trend will continue and pick up steam.
That's because gold is reclaiming its top-of-the-food-chain status in the face of full-on global currency uncertainty that, yes, even reaches the dear old dollar. US sovereign debt issues are now on full display and the politics are getting thick. An imminent rise in the debt ceiling comes at a badly timed juncture that only raises the specter of global competitive devaluations. US unemployment has quashed any fears of a rate hike. And dollars may soon be spewing out of the fire hose as the new phase of the crisis unfolds
And there's also the sneaking suspicion of interbank liquidity drying up fast out there as numerous, interdependent global mega banks are falling into the shadowland of counterparty suspicion. Who will be the first domino?
Hang on to yer gold. If you don't have any, get it. If you have extra Bennie Bux, convert them. Gold will help navigate the choppy waters of the new unfolding reality which continues to go down the slippery slope anticipated since the crisis began in 2007.
I really want to agree with you but my dildo sense tells me that the moment we get a miraculous deadline debt deal announced, paper gold is gonna get ponzi whacked.
Waiting to BTFD on that tho lol.
I think the problems is there are too many people looking at and analyzing sovereign debt. I suggest that no one should be allowed to look at sovereign books. Without analysis, everyone will be happier because the debt is neither solvent or insolvent. Without having a debt distraction, we can concentrate on getting the trains to run on time. We can call it the Schrodinger Sovereign Debt Model.
Finally, a workable solution to the crisis!
It is not the shady books, excessive leverage, and skyrocketing debt ratios that are the problem.
It is the threat of AUDIT.
We need more controls to keep inquisitive minds out of the world financial system, and not rock the boat.
Speaking of rocking boats, we are just about out of lifeboat seat assignments......
Well, as little notch of hope, at least half of the due debt is in the hands of Italian banks (broken themselves, but keen not to lessen their reserves, so they probably still will buy).
Despite the fact that Italian default is long overdue (as is that of most western Countries) it is funny to see how every time there is an auction of souvereigns somewhere, a few days prior some rating agency starts the shit-fan at full power. OTOH, every time there are T-Bonds to sell, again the shit-fan blows against euro-zone to spread panic and push the Financial-Hamster-flock in the T-Bond corral. It seems to me that most traders have been reduced to a Pavlov-dog degree of drill.
Thank you Zhing Zhang Zhong!! Any updates on if Greece or Iceland is going to default from comrade Wing Wang Wong??? Ching Chang Chong says careful what you say when Big Daddy Wen JiaBao is listening. IF you whispered the word "Inflation" and the starving peasants are listening outside the window it could cause "Big Daddy, everybody want to lick your ass Wen Jiaboa" major probs.
"Oh yeah! If you downgrade my country I'll downgrade yours." And so the MAD doctrine takes down the nation-states.
Are Moody's and S&P still in business?
The Greater Sucker Theory. They were rating the worthles subprime Triple AAA right up until they went belly up....LMAO
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