This page has been archived and commenting is disabled.
S&P Dares To Go There: Downgrades European Union To Negative Outlook
Just a few short years after they dared to downgrade the US, S&P has unleashed their worst on Europe:
- *EUROPEAN UNION OUTLOOK REVISED TO NEGATIVE FROM STABLE BY S&P
- *S&P: EU TO AA+/NEGATIVE FROM AA+/STABLE - FOREIGN CURRENCY LT
We are sure this will be met by S&P office raids throughout Europe, litigation over somethhing or other, and denials broadly from any and every unelected member of EU's elite... because "when it's serious you have to lie."
As Bloomberg reports,
Outlook revision reflects S&P’s expectation that the EU will provide first-loss guarantee support for financing connected to the Juncker Plan and further downward pressure on the average weighted rating on net budgetary contributors to the EU.
S&P also cites the EU’s repeated use of its balance sheet to provide higher-risk financing to EU member states (most recently including Greece), without the member states’ paying in capital
S&P sees greater than one-in-three likelihood of a rating change on the EU during the next two years EU’s AA+ rating affirmed.
* * *
»
- 18538 reads
- Printer-friendly version
- Send to friend
- advertisements -
I think Europe was downgraded due to its management...
Some gene lines shouldn't reproduce. It's just wrong. All wrong.
Time for the DOJ and IRS to visit the S&P.
Being known as "the handsome one" isn't always a compliment.
"Time for the DOJ and IRS to visit the S&P."
Exactly. Dear Leader Obama's "Justice" Department can't have ratings agencies properly rating socialist regimes.
I don't get the whole Standard and Poors rating gig anyways. They get paid to call a shit hole a shit hole? Seems absurd
Nope. They get paid to call a shit hole a gold mine, and a gold mine a shit hole.
That's simple....they let you know that you should have sold 12 months earlier...
Do you remember the tagline of the movie "American History X"?
I'm the guy on the right. And I'll ask you to kindly stop using my likeness in your illustrations.
If you would have just gone through with that ear pinning surgery, like the guy on the left, then you might have really been somebody.
I know, those ears of mine damned near killed my mother giving birth to me.
I'm not saying anything except one of my billionairess clients would be greatly
improved if she looked so handsome.The ugly tree was a redwood.
Something about books and covers.....
Greece should have brought in these three to bargain with Germany.
I think it would be fairly difficult to reason with the two on the right....the guy on the left though would agree to pretty much anything.
Greece is bargaining against these idiots, and I believe that is Wolfgang in the middle. You tell me, which one is the smart one?
Good thing its not Puerto Rico.....
Puerto Rico still has till EOD to pay it's debts. (chuckle)
The downgrade comes tomorrow.
By close of today the credit agencies will officially announce the defualt that took place on Sat. Credit Default Swaps here we come!
Fuck my tities, I am scared and excited at the same time. Is that bad for my health?
San Antonio, just last week, got upgraded to top rating... so they can borrow all the money they can imagine to destroy that place like they are destroying austin. Stack and Pack housing and trains on the agenda here. Build 4-700 sq ft housing skyscrapers and they will come! Get them now before the epa destroys the value of your rural property via 'no water for you'.
The dollar must be maintained as top dog even as wage increases are at multi year lows and consumer spending falters and inflation rages in the land of the free.
S&P remembers well what happened when they downgraded the US a few years ago.
Downgrading The US Will Cost S&P $1.5 Billionhttp://www.zerohedge.com/news/2015-01-20/downgrading-us-will-cost-sp-15-...
S&P Board Fires CEO For Telling The Truth, To Be Replaced With COO Of Citibankhttp://www.zerohedge.com/news/sp-board-fires-ceo-telling-truth-be-replac...
They downgraded the whole fucking EU??
Somebody get Ghordius on the blower. We need to talk.
Suck it S&P....by the powers vested in me, I am officially downgrading the whole fucking planet.
With what army? We're already broke.
Seriously though. Isn't that was is happening now? It's just not official yet.
Stay tuned, there is more to come.
That's what I'm thinking, too. You don't downgrade a continent-wide statist master plan without significant downstream consequences.
After the US downgrade, I think they have to get prior approval for all significant credit moves now.
Should be a non-issue.
More to come? Like from Egan Jones and China's Dagong? BTW, where the fuck are they anyways?
Degraded, downgraded, retrograded. Graded, anyway. C-
BS, funds are piling into Europe and unemployment rate is improving...
What?! Things are great here in Baden-Württemberg.
Europe being forced to kill their economies to support the American empire.
Thanks for taking one for the team boys and girls.
All fingers are in the cracks holding back the oceans.
The winner of this one gets to keep all the marbles.
Au Contraire, Chuck. They are doing very well their-own-selves.
I'll get the popcorn ready as soon as S&P announces it is commencing the rating of gibbets and guillotines.
While the u.f.s.a increases trade with Russia - oil for example- they have conned the Euro-peons into waging an unwinnable trade war with Russia over Nazi's in Ukraine. lol.
Stupid shits!
IMF, ECB, EU lawsuits to follow
No you did'nt !!!!
YES !!!!
Guy on Bloomberg said it should have no effect on US equity market.
At least they were kind enough to wait until after the close of Euro markets. All will be well tomorrow.
What do they say about a broken clock?
Let the games begin (restart, continue...)
AA+-...I'd taken that grade in school anyday.
EU probe into S&P's financials in 3...... 2.....1.......
" I trust S&P, the company that rated all those subprime worthless bonds as AAA+. "
They're "exceptional!"
DOJ/IRS won't visit S&P. The paper trail of selling off-book derivatives is directly shown under signature. These assholes cannot hide any longer.
Arrest warrant issued in....3....2....1.....
The Euro socalist are not gonna like that! How dare they! All is well in the EU collectivist utopia!
Insiders only get fines.
We have ourselves a new form of derivative robosigning.
/lol
Hey HighStandards and PoorskiC (HSPC) is really on a roll!
Last month they actually dared to poke at Chicago :
"S&P Lowers Chicago GO Debt to 'BBB+' from 'A-'
StreetInsider.com-Jul 8, 2015"
Can't we rate Chicago as a DD+ for sagging retirement trust fund management?
To keep us off track, MSM will feature a story about a cockroach getting killed by a doctor.
FEES!!!!!!!!!!
What's S&P's cut?
Waiting for President Obama to lower the boom in 30 minutes. Midday speech about energy and climate change? OMG.
To spur capital investment in the United States?
Never.
He's a traitor to the core.
Tell us about all the new jobs this will create.
Lie to me.
I'm sure his proposal will be anti-fossil fuels and the market will react violently afterwards. Expect a bigger drop in the markets today before day's end.
To tell you the truth, when it's serious, don't tell the truth.
S&P is a psyop front end of CIA=front-end of Wall Street.
I could not care less, what they lie today about.
fuck the EU!!!
wheres my glow sticks
https://www.youtube.com/watch?v=w6PVmhkDIDg&list=LLVDO3dI4RbXyNJEGWS_blD...
Shocked..
I tell you I'm SHOCKED....
I hope you are seated.
Cause I would like to state "I have a negative outlook on the human species".
But than again I know I'm labled an extremist...
Take care.
You are "bear-ish" on humans?
S&P is Messalina trying to acquire a new virtue; in the world of corrupt NWO Oligarchy.
Caesar's wife. Can she be forgiven?
It is junk i tell you, junk.
It's nothing that more QE won't remedy. Until it doesn't anymore.