Moody's Places Japan Aa2 Rating On Downgrade Review, Notes Possibility Of JGB Funding Crisis

Tyler Durden's picture

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Yen Cross's picture

 Moodies ( Moodys) Ratings are pretty weak these days! Didn't AIG pass those ratings on PRE- 2008?

Dolemite's picture

Fade this last gasp in stocks and Euro

Gold going up

disabledvet's picture

natural impulse and by no means am i saying wrong.  i think the German's are doing the absolutely right thing on nukes however and absolutely the right thing on Greece.  Lincoln called it "necessity."  It ain't pretty--but they're not poor, either--and by bailing out Greece for basically the third time (if we include the verbal jibber/jabber as we should) Germany is showing the world "yes we are that rich."  Again:  "it's a Confidence Game."  Nothing like "show me the money" of course.  And of course that feller who said "you're gonna get killed if you buy that Greek debt" has now been proven as wrong as his (short) treasury call.  these are not new lessons of course "on either the up OR the downside."  and "stop calling me Shirley."

traderjoe's picture

They are rich because politicians use taxpayer money to bailout their banker friends and colleagues? Whatever.

CPL's picture

Moody's, other than the FED injection, would be dead as a stone.  Why they are reporting the dead of something two year after the fact is beyond anyone.


sigh...maybe it was the complete a total crop failure or someone didn't get a piece of tenticle rape porn.   Un-fucking-real.  i know more of the fuckers took their hiatus in the hamtons for the summer after this weekend.  My goal this summer is to play my HTF against thie badly designed HFT's with game theory.


I bet 10 million I can't get them all back before June 10th for fun and MY profit.  The mice walk away from their desk.  This cat is going to eat their everything, leveraged and all.  The Math is easy, to bad they paid someone for their degree.  Dumb blue blood bitches.


kiss kiss bang bang.

Problem Is's picture

"heightened concern that faltering economic growth prospects and a weak policy response..."

Then the US should be triple F...

Josh Randall's picture

Lets see...govt balance sheet is underwater like Jack Cousteau, nuclear meltdowns of historic proportion, lost revenue from exports from ipads to sushi, and a rapidly dying population....hmmmm - sure why not review for downgrade

jeff montanye's picture

the thing that stands out worldwide is the clamor particularly by the elites for austerity in our present time of famine, after devouring the corncrib during the prior three decades of (relative) prosperity. like neither the stag nor the flation was strong enough on its own.

CPL's picture

Shut up...I want them to play "stoic".  By the time they come back they'll be broke.  Can't play golf and try to trade.  The unpaid smart interns are gone, you know the well bred people that aren't blue blood twadlenanny's with close cousins.

Josh Randall's picture

Hey HPD - off topic - whats the symbology when you see financial wizard types or others speak or pose with their hand under their chin ? Is it denoting they are "free thinkers" like the famous statue ? I figured you would know if anyone - I'll hang up and listen now... 

Yen Cross's picture

 Don't quit FOX HPD. I'll ass slap you, if you do!     C- you do have listeners!   

FranSix's picture

A yen intervention.  Without printing money, just lots of gobbledygook.

No major changes just yet.

Anyone short Japanese bonds have got to wonder if shaking off chronically low interest rates  will ever happen.

traderjoe's picture

More importantly - when it does, will you get paid in the crack-up-boom and then will it be too late to buy hard assets?

RobotTrader's picture

Nikkei up 110, led by exporter and heavy manufacturing stocks...

I wonder if an asteriod were to hit Tokyo if it would even put a dent in their financial markets.

John Law Lives's picture

I wonder if an asteroid were to hit Robotomy's head if it would even kill one living brain cell (assuming there is one living brain cell inside that incredibly thick skull).

disabledvet's picture

hence the advantage of "having your brain in your pee pee."

Fish Gone Bad's picture

Talk about being late to the party!  Every day the country gets a little bit more contaminated.  Every day clouds of radioactive gas are being emitted from Fukushima.  Every day they do absolutely nothing other than wring their hands with worry, just waiting to die.  Japan has a mess that is growing like "The Blob".  What an absolute mess.  Yes, it needed to be downgraded.  It actually needs to be downgraded quite a bit more.

Ricky Roma's picture

Add a couple more handles to the ES/1.... 

disabledvet's picture

ooops!  of course "the next time you hear there's still deflation in Japan...

holdbuysell's picture

Am I the only one who looks at the S&P in amazement?

The ongoing downgrades of just about everything related to economics and sovereign nations continues.

It reminds me of Monty Python and the Holy Grail.

Limb loss after limb loss, no matter how bad it got, that knight was determined.


Ricky Roma's picture

LOL!  That shit is hilarious when he is just a stump!!!

StychoKiller's picture

"Come back, ya bloody coward, I'll bite your kneecaps off!" -- Black Knight

FreedomGuy's picture

Yes, the S&P is up nicely from it's lows, bonds are at record highs, PM's are at record is everything doing so well at once? The thing that seems odd is that demand for cash/money is at an historic high. Nearly every major country outside of China is demanding record amounts of money, USA, Greece, Portugal, Japan, etc. Yet, the price of money is at record lows?

To me, this is obvious manipulation. The problem becomes that you cannot invest without trying to guess what the government will do next, e.g., QE3, bail out Greece, restructure Irish debt, devalue currencies, etc.? The world is now a political economy. There is almost no point in doing bond ratings in my mind. Every point will have a counterpoint. All news makes the stock markets go up.

buzzsaw99's picture


Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets...

Useless as tits on a bull is more like it. the bernanke put means that everything is AAAAAAAAAAAAAAAA okay!

Ricky Roma's picture

Scene from Tommy Boy...

Tommy: Let's think about this for a sec, Ted. Why would somebody put a guarantee on a box? Hmmm, very interesting.
Ted Nelson, Customer: Go on, I'm listening.
Tommy: Here's the way I see it, Ted. Guy puts a fancy guarantee on a box 'cause he wants you to feel all warm and toasty inside.
Ted Nelson, Customer: Yeah, makes a man feel good.
Tommy: 'Course it does. Why shouldn't it? Ya figure you put that little box under your pillow at night, the Guarantee Fairy might come by and leave a quarter, am I right, Ted?
[chuckles until he sees that Ted is not laughing]
Ted Nelson, Customer: [impatiently] What's your point?
Tommy: The point is, how do you know the fairy isn't a crazy glue sniffer? "Building model airplanes" says the little fairy; well, we're not buying it. He sneaks into your house once, that's all it takes. The next thing you know, there's money missing off the dresser, and your daughter's knocked up. I seen it a hundred times.
Ted Nelson, Customer: But why do they put a guarantee on the box?
Tommy: Because they know all they sold ya was a guaranteed piece of shit. That's all it is, isn't it? Hey, if you want me to take a dump in a box and mark it guaranteed, I will. I got spare time. But for now, for your customer's sake, for your daughter's sake, ya might wanna think about buying a quality product from me.
Ted Nelson, Customer: [pause] Okay, I'll buy from you.
Tommy: Well, that's...
Tommy, Richard Hayden: ...What?

Dolemite's picture

Fade this last gasp in stocks and Euro

Gold going up

disabledvet's picture

Russia is raising interest rates "surprisingly."  And "i'm sorry for calling your wife a bloated warthog and i bid you good day!"

oogs66's picture

this does feel like a rally to fade.  it's not as strong as I would have expected given all the hype about how a deal has been reached

AUD's picture

It's OK, he's not called Masaaki 'Easy' Shirakawa for nothing.

Yen Cross's picture

  I love all of you intelligent people. I never Junked any of you! 

     Keep up the good work! YenCross.

chump666's picture

japan banks/ pension funds recycling liquidity into the stock market via the nutso BoJ and MoF.  Japan people get zero

A Man without Qualities's picture

It's all for the best, in the best of all possible post-capitalist worlds...

chump666's picture

Hey ZH hedge, see the supply disruption to japan car industry - WORST EVER!  Japan is in big trouble

Coldfire's picture

Apropos of the deep thinkers who architected Japan's current predicament (and the US's), a proposed collective noun for Keynesian economists: a plague. A plague of Keynesians.

PulauHantu29's picture

Devastating Deflationary Debt Downward Spiral with minimal real growth for the near future will lead to serious deflationary depression unless the BOJ can liquify the Japanese economy despite creating somewhat an inflation problem.

Comrade de Chaos's picture

(Reuters) - Goldman Sachs invested more than $1.3 billion from Libya's sovereign-wealth fund in currency bets and other trades in 2008 and the investment lost more than 98 percent of its value, the Wall Street Journal reported, citing internal Goldman documents.


Orly's picture

You mean someone pissed off The Squid?

That'll teach his ass.

Comrade de Chaos's picture

from the article:

'When the fund, controlled by Col. Muammar Gaddafi, made huge losses Goldman offered Libya the chance to become one of its biggest shareholders, the Journal said, citing people familiar with the matter.'

- now that - guaranteeing a client returns, depending on the nature of transaction or advice might be ILLEGAL, finra rules. Not 100% sure , there might be a qualified investor exemption, but i highly doubt it. sick.


Orly's picture

Oh, okay.  The Squid took Khaddafi's money and put it on USD longs and got smoked. To make up for it, they offered him the Warren Buffet special?

Did he take the bait, though?  And if he did, what are the chances he's going to get his five bill back?

Man, it never stops, does it?

Element's picture

Orly just wanted to say thanks for the comments you've been making lately.

It seems more and more people are quickly realizing there really is a hidden-hand mafia (and not so hidden any more) behind our puppets, and the MSM puppet makers.

We are in one of those rare times in history where their actions are patently obvious to anyone caring to look below MSM veneer and BS.

It's got to the point you have to wilfully close your eyes to it all and live in 'denial' in order to not see it anymore.

In fact, that is exactly what the people in my own country seem commited to doing ... for now. They will, like the USA,wake up much too late, to do anything but rebel and fail, and make a bigger mess.


The piggies are banking on it in fact.

Orly's picture

You're quite welcome.

Some of these ideas seem so absurd and outlandish that I can hardly believe them myself but when they fit into the puzzle so nicely, they cannot be ignored.

Most of the time, I think most people here just think I am crazy.  That is why I try to make the points as clear as possible.

Thanks to you for mentioning it because sometimes I feel foolish, even though I know I am right.  What we must do now is explain it to everyone who will listen.  Maybe we still have a fighting chance because once the thread starts to unravel, it will expose the fabric rather quickly.

Thanks again for your kind words.


A Man without Qualities's picture

Fuck me, that's impressive even by Investment banking standards.  The amount of money the banks have in essence screwed out of oil rich EM nations is staggering, through the standard trick of showing very complicated structures to a bunch of total novices, and telling them "everyone's doing this".  There is usually so much embedded optionality, often barrier options that lead to losing everything, it would take a highly experienced trader to properly assess the deal, but that was not the case here.

The irony is that people see no harm in screwing the Libyans, but they would do this to their own grandmothers (in fact the have already done so)

As for offering underpriced preference shares, this seems to suggest that they broke the law and that they were so confident of their trades, that they hadn't fully hedges, thereby creating a windfall gain that they used to subsidize the pref shares...


Still, all of this is consistent with what I hear about Goldman's trading operations - they have been taken over by psychopaths...

poydras's picture

"Notes Possibility Of JGB Funding Crisis"

Has Moody's considered Japan's NIIP and chronic trade surplus?

This is all too humorous for me...

medicalstudent's picture

silver will never stop


im serious.;


earth has problems. zerohedge cannot solve them. but must try.


only all of us, all at once. (adi da?  who the fuck is this he is right.)


Time heals.



downwiththebanks's picture

Did the political hacks at Moodys file this report from prison?  Because that's where they belong.  

Remind me why these institutions still exist ...


Urban Redneck's picture

The ratings agencies still exist because Ben and Timmay like the free blowjobs, and they remain an extremely useful policy tool of US government policy until the EU comes up with some equally corrupt ratings agencies of its own.


bill40's picture

Is it just me noticing a pattern here? ZH announces that it is difersivying from the dollar into x currency and Hey Presto!


Up pops a credit rating agency with a threat of or actual downgrade of x country.


Interesting times.