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Here Comes Moody's: "We Have Long-Term Concerns About The US Rating Outlook And They're Not Being Addressed"
But being the spineless paragon of worthlessness, Moody's adds that it "doesn't see any change in US ratings in next 18 months to 2 years." That the market jumps on this news is merely yet more confirmation that this toxic piece of garbage company has to be put out to pasture already (not even its former master and current hypocrite extraordinaire Warren Buffet is a fan anymore) - the only rating agency that matters is Dagong, which is expected to downgrade the US to junk in the next 3 months.
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It is possible that one of the big three agencies will downgrade the US by one notch in order to force through/give cover the deficit commission's suggestions.
Why would they even come out with a note? Same nonsense out of Moody's for a year now..just shutup until you downgrade.
What are we paying in interest annually now 320 Billion a year? Who in reality actually thinks we will not default in coming years?
Moodys release of the warnings with rosy projections must be a predetermined cue to ramp bubble equities
www.usdebtclock.org spinning faster now, 10 million new debt per minute...certainly we have years left. Of slow starvation.
Pirate Bay should take down Moody's & S&P servers.
At some point, one would think, investors will see the FED and the US Treasury swapping fancy papers with each other for what it really is. Then Bonds collapse and the house of cards with it.. Maybe.. probably not though.. :)
What are we paying in interest annually now 320 Billion a year? Who in reality actually thinks we will not default in coming years?
Give this a view. Pay particular attention to the graphs on pages 5 and 6:
http://www.gao.gov/new.items/d11201sp.pdf
and who do you suppose that $320 billion is going to...
Be sure to watch this clip at 4:00 for a real mind-numbing fact about interest:
http://video.foxnews.com/v/4449620/beck-the-choice-is-yours
Here's the original chart:
http://www.heritage.org/budgetchartbook/interest-spending
Looks like it should be good for 3% ramp in equities easy. Suffer on, peasantry.
Dagong
The only rating agency that matters.
_____________________________________
Coming soon to a T-shirt in my wardrobe.
I think Tyler should start a ratings company.
The problem is, Tyler is way ahead of the curve. The US would already be downgraded to above junk, and Dagong would rate it soon after to above junk. GO DAGONG!
It ain't no problem to be ahead of the curve.
m
Black and yellow, black and yellow, black and yellow....
Black and yellow......
The lowest rating would be "bailed out". Well, actually that is also the highest rating since there's zero risk involved from that point on. Only one bias: yet to be bailed.
Everything is, of course, guaranteed by your future income tax even if there's no guaranteed income.
Yup. Bang Dagong.
If they have concerns, why are their forecasts always so laughably rosey?
It's sort of like a person being held hostage with a gun to his head calling his wafe and saying everything is fine, as his voice quivers with a tense shaking of fear.
Why Moody's still exists? Does someone still pay for their "analysis"? Those muppets haven't even downgraded Ireland yet, lol!
Can't float a bond without mafia, I mean rating agencies, approval so yes they still get paid very well with all the junk being issued
I was singled out and given a pitty-pat by the TSA because I was taking a fat wallet full of Benjamins out of the USA.
I got a grope, but more money out. Fair trade.
At least they weren't caught beating off this time.
We should have a gold/silver super thread today ..... WTF ? So much action today.
Gold in Euros has made today new record high
I bet. Euro going to fall like a stone for the next few months ...
Your dollars are depreciating in value against just about everything out there. My silver holdings purchased last month are up 10%. Annualize that and you get over 100%. How does it feel to earn 0.05% annually on your money?
"Buy the dips!"
Short MCO till they dissapear¡¡¡¡
Doublespeak from a corporation,,, surprised? One hand washing the other.
Look Possible H&S in SP500 (30 min time frame pattern)
1234.50 Head
1215 neckline
target 20 points from neckline 1195
Regards,
20 point SP drop will last from 12:15 - 12:16 PM...then begin it's preplanned journey to 121,212...
Moodys never downgraded Enron until after it declared bankruptcy. Tells the entire story right there.
Personally, I think the news of the day is the drubbing in bonds. TLT down 1.7%. That's a massive loss for a 'safe-haven' play. QE2 is doing nothing good for bonds (except letting the PD's and the Chinese sell into the bid) and the budget deal demonstrates that we have no interest in ever making good on the debt.
IMHO, the hits to credibility have hit a critical mass. We're driving towards the cliff - and just hit the accelerator...
Sums it all up pretty good- All party time on the bus as the accelerator is floored, cliff fast approaching but no worries, the Everclear punch is flowing like water.
I agree. Bonds are selling off hard. This recovory better be for real(LOL), at some point, the powers that be hae to deciede, bonds or stocks?
Or maybe a bond market crisis is coming that really no one expects.
Don't worry someone at macroeconomic advisors already gave bil gross the inside scoop about the looming bond crisis
One thing,
What would normally happen if we suffer a mini sell off (5%-10% in gold or silver)? to
1.Bonds
2.Equities
3.USD
tia, for scenarios proposals.
Up until the POMO operations of the last month, equities chased PM. Now thanks to Brian "Sackman" Sacks, the PDs are flush with cash to continue to naked short paper contracts. Farcism at its best.
Totally unrelated... well I guess totally related when we speak to fall of empires and breads and circuses but latest global test data is out and US killed it in math, sciences, and reading
25th out of 34 OECD countries in math, and 17th in science. Up to 14th in reading, take that Latvia.
http://www.fundmymutualfund.com/2010/12/us-students-17th-in-science-25th...
I've red that link 3 times, but I still can't be makin head no tails of its. Mebbe I red it agin.
and the kids that took the test are the 50% that are still in school...the other 50% dropped out...its a very scary stat
Scores don't matter. ONLY DIVERSITY MATTERS. In anything
Certainly true.
http://en.wikipedia.org/wiki/Fog_of_war
A very good documentary indeed. Unfortunately diversity isn't ment that way any more. Today it's like "all being different" is an achivement in itself.
Does any news really matter anymore? I'm totally burned out on all this noise.
Just white noise as they get thru another day by supporting what they want, punching down what they dont want, resume farce tomorrow.
Has Moody's been to Sweden lately? Watch out boyz!
The Ben Bernank waves his hand Jedi style in front of the Moody's analyst...."These are not the bonds you should be downgrading."
Moody's: "Errr.....yes these are AAA...of course."
Still don't understand Moody's relevance.
When the Romans used to administer a province they used to look for the local authorites that had the power to collect taxes and then they would deal with them. Any other "leaders" who claimed some social authority without the ability to lay taxes were marginalized or disposed of. Hence the maxim the power to govern is the power to tax. Now, our political leaders have just proven that they don't have the political power to lay taxes. Sure the legal authority exists but politically they can't do it. As a result their whole authority rests on the police power of the state. If they did not have the armed services, FBI, DHS, Federal Marshalls, scads of state and local authorities and so on would anyone even bother listening to what they had to say? Would you?
Dagong kicks-ass! U.S. credit rating: Trash
I think it's a good day to withdraw some money and buy some physical silver :).
Anyone know what the max withdrawl is that doesn't get flagged for special attention by the government? <$5k? Or the limits to what Bank of America will let you take out without advance notice?
Inflation Deflation
Clip on Gary Shilling
Take away "what if a gog jumps over the fence"
http://www.amazon.com/Age-Deleveraging-Investment-Strategies-Deflation/dp/0470596368/ref=sr_1_1?ie=UTF8&s=books&qid=1291745093&sr=8-1-catcorr
It's 6:10pm in Ireland and, what a surprise! No bank run! Who would have guessed? Ok can we toss that one on the pile of "just wait untils" or "this is not going to end wells"?
So Harry, make a couple million more today?
Here is the clip
http://finance.yahoo.com/tech-ticker/inflation-vs.-deflation-peter-schiff-and-gary-shilling-discuss-debate-and-argue-535689.html?tickers=gld,gdx,slv,%5Etnx,tlt,tbt,%5Egspc&sec=topStories&pos=9&asset=&ccode=
This one goes out to Bennie and the inkjets from the late Johnny Cash
http://www.youtube.com/watch?v=wxh-FfElY0M
"Sooner or later God's gonna cut em down" - Johnny Cash
Shorter Moody's: "We don't down-grade anybody with nukes. Evar. Except maybe France."
WORTHLESS as tits on a bull!!
worthless.
The entire establishment is lining up to sell their souls out in the light of day. Sounds like a confirmation of of the fact that this ship is going down and they will rely on the media to spin it the way they need it.
Since when private companies rate sovereing states ???
The entire establishment is lining up to sell their souls out in the light of day. Sounds like a confirmation of that this ship is indeed going down. I guess they will be relying on the media to spin it the way they need it. Isn't soft revolution grand?!!!
In other statements, Moody's said the re-affirmed the AA+ rating it assigned to a Subprime Tranche of MBS issued by Countrywide to cover mortgages sold to blind, unemployed, residents of a Turkmenistan village where $480,000 non-conforming loans were issued using goats and ostriches as collateral.
Hmm... I sense a DDoS attack and the international dating patrol
+1 lulz
just bomb Moody's.
I mean, seriously, why the fuck do they even STILL EXIST?
And here comes Fitch to the rescue (from Ran Squawk):
12-07 14:42: Fitch says extension of US tax cuts, unemployment benefits to help secure economic recovery And all is well again in the kingdom of FIAT. To the moon Bernank, to the moon!The only ratings agency that matters re: Treasuries is the Chinese politburo, and its ratings aren't published. Dagong would matter if it were a reliable mouthpiece of the former, but I'm skeptical.