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Russia Slams S&P Downgrade For "Excessive Pessimism"
Well that didn't take long. Russian Finance Minister Siluanov has responded to S&P's "junk" downgrade of The Russian Federation:
- *SILUANOV: S&P DOWNGRADE OF RUSSIA SHOWS 'EXCESSIVE PESSIMISM'
- *SILUANOV: NO REASON TO EXPECT `MASS' DEBT REDEMPTION REQUESTS
Adding in his statement that he "sees no reason to dramatize" the situation, Siluanov adds that the cut should not have any serious effect on Russia's capital markets. We assume by "dramatize," he means - they wil not be 'visiting' the local ratings agencies offices for a chat anytime soon.
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9 out of 10 crest paid dentists, recommend crest. The other one was fired.
Free markets are fun...right?
RIPS
Plutonium tea, anyone? ;-)
Looney
This Russian downgrade was part of the settlement for S&P downgrading the USA a few years back. Now they are out of the doghouse.
Cant believe countries and the livelihoods of many of their citizens are at the mercy of these Sleazy & Pathetic credit agencies who can be bought out.
Russia had announced last week not to pay any attention to US based ratings agencies.
Putin just needs to declare that he doesn't give a shit what some Jews say on Wall Street. That would get things going for starters.
The S & P rating agency was prosecuted (by the SEC, NY & Mass. Attorney Generals) & ordered to pay fine of $58m...just last week. I'm sure Russia expected something like this... deratings by various agencys. http://www.economist.com/news/finance-and-economics/21640442-rating-agen...
And I think it must be necessary to become derated to junk considering the direction Russia is determined.
wwxx
Yah, it's like the "Credit Agencies" in the US. Hey, you'll never be able to borrow a truckload of money if you don't have a great FICO score!!!
Kiss my ass...what a scam.....note to the world STOP BORROWING SO MUCH DAMN MONEY AND IT WON'T MATTER!!
So, we give Russia one more reason to try and abandon dollar associations....good job!
and subprime mortgage ports were AAA. The only thing constent re rating agencies is that the others will follow S&P and downgrade pootin
Hope this strory is about one of you Russian fucks spouting propaganda here
http://abcnews.go.com/US/wireStory/us-announces-charges-york-russian-spy...
fuck you
Hope this strory is about one of you Russian fucks spouting propaganda here
http://abcnews.go.com/US/wireStory/us-announces-charges-york-russian-spy...
fuck you
S&P must stand for "Socialize and Politicize."
They do what they are paid to do. Too bad the rating is meaningless since we shut down trade with them.....
S&P = Shysters and Predators
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Correct. That particular role is reserved for Drama Queen Bama.
Excessive Pessimism...... Welcome to Fight Club.
If your a true pessimist there's no such thing as excessive pessimism.......
Is this the same S&P that had Fannie and Freddie paper at AAA before they collapsed?
Siluanov should have off-handedly thrown that in there....just for grins and giggles.
Can he not just fine them?...
Here's a quarter Putin - go find a working pay phone in Moscow and call someone who gives a flying fuck.
vlad sweats nothin', least of all the s&p.
I remember S&P: "Of course these tranches are AAA! We wouldn't rate dogshit investments AAA. You can TRUST us!"
S&P has to traverse the world because the bankrupt US and the Wall Street sub-prime traders are spotless.
I assume all of you Putin fans have already traded their "worthless paper" dollars for "oil-backed" rubles and moved to Russia to work for $400/month which is an average salary here?
You are not Russian, I can tell that. $400 is not average wage in Russia. sorry. So that is where I call your bullshit.
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Russia
Average vs. median
At least when talking about salary in so uneaqual country as Russia.
The defense S&P gave for their downgrading was a weakening Russian economy and a lack of financial flexability. When the world is mired in depression how can S&P single out Russia? Italy and Japan are fucked and their ratings are higher. As for flexibility Russia has as its largest trade partner, its neighbor, China - the largest economy in the world (never mind their data when all data lies).
When it gets serious, you have to lie.
Funny how FSB Tyler and all of Putin's ZH fluffers are so worked up. I'd point out that half of Russia's government income is from oil, the price of which has cratered by over half in the last few months, but facts are besides the point with his crowd.
As to China, if you think China will pay above market prices for Russian oil.... [insert hard to translate Chinese proverb here]
This also comes when S&P state that Russia's growth in GDP (yes, growth) is 0.5% yet other countries like Brazil faces decline and has higher value in credit agency. The problem is, lack of access to western credit, which these western agencies will simply downgrade regardless. I am not surprised that this has happened, but already these organizations are considered barred from Russia. So these ratings are pointless. As what Rosneft has said.
“Credit ratings are meaningless in a situation when the international capital markets are closed off to Russian companies,” said a statement from oil and gas giant Rosneft
This is how you know when the regime is running desperate.:
Three Russians charged with spying, one arrested in New YorkAccused of "collecting economic intelligence". It sounds like a big joke.
The one arrested was the CIA plant who's in witness protection in South Beach already.
For that matter Hitler was Russian and and was't that girl who hit Nancy Kerrigan's leg a russian skater and dont forget about Pearl Harbor
.
Three less viewers in the NYC market? Look for another painful ratings hit for CNBC.
so this is how a bitch ass dying empire spends its last days...
This is like watching those old movies where two trains are going to hit each other head on.Smoke bellowing and closeups of the drive trains, roaring toward each other at top speed.Sad to watch, ain't it ???
long time in the making...
USSA just cant accept that they r no longer the major player on the scene...
Why suffer in the USSA when you can move to Russia! You won’t be making much money here, your standard of living will suck and you’ll most probably die in case you fall seriously ill…But don’t worry! They can’t provide you with all those things brought around by western civilization but they’ll provide you with a bear and balalaika so that you could fight NWO back-to-back with Putin and his billionaire friends!
Hmm, I take it you don't know much about Russia. State healthcare and schooling. When my Cousin got sick, it was all covered and no problem. And he makes decent money and no mortgage. He has a nice apartment with a woodburning fireplace and has his flat screen LED, an iPhone and enough money to go on vacations to Greece and other countries.
What do you know about Russia's living standards? I assume it is nothing, but I am not surprised. Go read more BBC or CNN.
S&P really has to kiss ass and toe the line if they intend to survive after downgrading US in August of 2011
Silly Russians. No one takes USA rating agencies seriousy any more.
Silly Russians. No one takes USA rating agencies seriousy any more.
It is good to catch up on the news from Putinistas. USSR is still spying on USA, re HFT, now S&P. Putin runs good propaganda on RT, even though he is destroying Russia. He should try to develop a real economy with real jobs, not merely mercenaries to invade Ukraine.
Crimea River whiner
So Russia is junk, what does it make USSA and EU, LMAO! Do these 'ratings' agencies even look at BASIC economic indicators or just follow the diktat from the masters? I mean seriously, this is beyond surreal...
War against Russia has begun in earnest