- advertisements -
Well, maybe it's time they employ the Joe "You must borrow and spend more to avoid bankruptcy" Biden strategy.
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt? The answer is yes, that's what I’m telling you.”.
This would have been major news two months ago. Now everyone blows it off. Do we need to wait until countries start defaulting like dominos?
Yeah, but I guess the markets have "priced this in" already (rolleyes). Just like the stock market has already priced in a double dip recession!
EURUSD getting rejected by 6 month daily trendline. Time to set up some shorts.
Ah, old news. Alcoa just came in .02 about the 50% downgraded earnings. Rally time. All is well.
Really though, is there anyone who believes what the rating agencies say anymore. They're a day late and dollar short. Byt he time they change their ratings, the world seems to have moved on by months, if not years.
(1) Come on Moody's: Look at US!
(2) It is unfortunate that a fraud rater (fraud ratings, and a rater of frauds), is still able to garner attention anywhere. But when in the Land of the Frauds, [ Do the kabuki like they do do do ].
MOODY'S THERE IS NO SUBSTITUTE
Moody's, what a talentless bunch of fother muckers. Did I spell that right?
In the meanwhile the outlook for UK is negative, but, of course, no action in rating level has been taken by neither rating agency.
It would be naive enough to comment on the level still granted to the U.S. wouldn't it?
Really this is a great post from an expert and thank you very much for sharing this valuable information with us................ windows vps | cheap vps | cheap hosting | forex vps
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.