Moody's Downgrades Spain To Aa1, As Goldman Rushes To Explain How It Was All Priced In

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/30/2010 - 07:56 | 615060 bigdumbnugly
bigdumbnugly's picture

in other words there is no more running of the bulls in spain?

Thu, 09/30/2010 - 08:08 | 615084 cossack55
cossack55's picture

Correct.  Next year Pamplona will offer the "Running of the Banksters".  I envision much fun as there will be no wooden stanchions along the route, just Spaniards and a few ex-pats with clubs and knives.  I look forward to attending and long live the Basques.

Thu, 09/30/2010 - 08:20 | 615098 bigdumbnugly
bigdumbnugly's picture

something tells me the banksters wouldn't make it quite as far out of the shoot as the bulls do.

Thu, 09/30/2010 - 08:55 | 615178 New_Meat
New_Meat's picture

"... wouldn't make it quite as far out of the shoot..."

Freudian and good, lol.

- Ned

Thu, 09/30/2010 - 07:57 | 615061 john_connor
john_connor's picture

Is Goldman's impending bankruptcy priced in?

Thu, 09/30/2010 - 08:27 | 615114 MarketTruth
MarketTruth's picture

Won't happen, they are bedmates with the Fed. So is JP Morgan of course.

Thu, 09/30/2010 - 07:57 | 615064 Bigger Dickus
Bigger Dickus's picture

AYIE, AYIE, AYIE, tan poco crédito.

El mayor problema de los espanoles: 50% son maricones. Los otros 50% son mujeres. lol

Thu, 09/30/2010 - 07:58 | 615065 Hedge Jobs
Hedge Jobs's picture

Nielsen is such a tosser. If moodys is somewhat "impressed" then why the downgrade erik you moron?

Thu, 09/30/2010 - 08:01 | 615071 Josephine29
Josephine29's picture

Those concerned about Spain might have some interest in this piece of breaking news. According to notayesmanseconomics blog.

"The debate on Spanish statistics has moved on this morning as according to the Financial Times an email has been doing the rounds suggesting that Spanish GDP has been overstated by some 14.2%."

He has gone to read it and analyse it,but I am sure that everything is ok as Erik Nielsen keeps telling us.....

 

http://notayesmanseconomics.wordpress.com

 

Thu, 09/30/2010 - 08:01 | 615072 Quintus
Quintus's picture

Interesting reading.  

Is Spain cooking the Books?

http://ftalphaville.ft.com/blog/2010/09/30/356201/an-anonymous-tip-off-r...

Thu, 09/30/2010 - 08:04 | 615073 Number 156
Number 156's picture

Please see the Credit Policy page on Moodys.com for the methodologies used in determining ratings, further information on the meaning of each rating category and the definition of default and recovery.

 

Credit policy page, AKA the funny pages.

Thu, 09/30/2010 - 08:02 | 615075 A Man without Q...
A Man without Qualities's picture

I wonder how much the possibility GDP has been overstated is priced in?

http://ftalphaville.ft.com/blog/2010/09/30/356201/an-anonymous-tip-off-r...

Thu, 09/30/2010 - 08:10 | 615087 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Oh, stop worrying about those pesky Spaniards. German unemployment just dropped by 40,000 to 7.5% ...

Thu, 09/30/2010 - 08:12 | 615090 docj
docj's picture

I'm heading over to Spain (Madrid, to be precise) in mid-November for a conference.  Looks like I'll be getting there just in time for some serious "shit hitting fan" fun.  Yippee!

Thu, 09/30/2010 - 08:14 | 615095 cossack55
cossack55's picture

I would advise taking a large, red beret and a large fake mustache.  Also, a good pair of running shoes.

Thu, 09/30/2010 - 09:09 | 615207 Dismal Scientist
Dismal Scientist's picture

This is what happens when you insist on independence from the mainland, and gets into bed with Europe instead. If only the Republic had stayed under the protective wing of Westminster, then it would all be different. For starters, the Irish would have a weaker currency ;-)

 

Sat, 10/09/2010 - 09:41 | 637575 senthil456
senthil456's picture

There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
cheap vps | windows vps | forex vps

Thu, 11/04/2010 - 20:47 | 701530 rocky89
rocky89's picture

on Bob Brasell's chest kept growing."This prada nylon messenger bag growing."This is for Lipari for diabetes," he chopard replica watch he said, plunking yet another pill bottle cheap mens belts bottle onto his hospital gown, "one of rolex watch replicas of these every morning. This is Metformin, prada money clip Metformin, take two of these for diabetes discount prada handbags diabetes every night...that's for cholesterol, I think."Those longines mens watches think."Those are just some of the 15 tudor watches for sale 15 or so pills Brasell takes every handbags louis vuitton every day to battle the deadly health conditions associated with prada clothing with his obesity.Watch the full story tonight prada leather messenger bag tonight on "Nightline" at 11:35 p.m. ETAt omega de ville chronograph ETAt 320 pounds, Brasell is joining the men belt the growing ranks of thousands of Americans rolex gold Americans fighting against obesity, not through diet replica piaget diet or exercise, but through an emerging Tiffany & co store emerging and extr

Do NOT follow this link or you will be banned from the site!