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Still FrAAAnce? 50% chance of downgrade in a year or two only? Ze horror, ze horror!
More like a 50% chance of downgrade on Friday night.
For a very merry Christmas!
really nice handle, by the way, from the Culture novels ship names? Or an interesting statement?
yes, I would not be surprised if Fitch would turn back on the "one or two years" by Friday, it's not as if they have a reputation to lose!
I just need the financial house of cards to hold together for like 3 more weeks. That'll give me time to close out my 401k,IRA etc and roll it into a nice little farm I have picked out.
Then Mosanto will come knocking...or the farm will be confiscated.. ;-)
fitch ...plz SHUT UP...I have huge LONG position
But downgrades, esp if multinotch accompanied with neg outlook, are bullish in the zEuro-la la land.
Ah, nous sommes tous foutus. La France sans son tripple AAA c'est comme Paris sans sa Tour Eiffel.
Oh, we are all fscked up. France without its tripple AAA is like Paris without Eiffel tower. </sarc>
That explains why the futures are up
futures are up because we live in such a wonderful society.
Futures are up because the choco ration has gone up again...
Isn't Fitch owned by French?
*IRISH HOME PRICES FALL 15.6% IN NOV. FROM YEAR-EARLIER
*IRISH HOME PRICES FALL 1.5% MoM IN NOV.
Italy Industrial Orders s.a. (MoM) -1,6%
Italy Industrial Orders n.s.a. (YoY) -4,8%
To sum up, all is well.
BREAKING! Rating agencies threaten to downgrade Germany because they might lose WW2... Further warn to downgrade the Roman Empire etc etc...
It is not Spain or even Italy in my view but France that represents "ground zero" if this financial weapon of mass destruction goes off. It's hard to leave aside the haughty arrogance in the midst of a generalized systemic collapse of their banks followed by a surge in the polls for the Socialists. France represents both the beginning and the end for the EU...but not necessarily for the euro. Indeed I could forsee a euro area that forces France to go back to a (massively) devalued franc while Germany, Spain and Italy find a way to tough it out with the euro.
You know after watching the markets for a number of years and especially the last couple of years it just makes me think humans as a group are a pack of fools and certainly not the evolved beings we like to read about in literature. Even though the markets are up to me it just continues to errode my sense of belief in governments in general but confirms why they don't pay attention to the public except once every 4 years where we choose one of two preselected candidates. I'm surprized they had enough self control to kept the market pump to under 3%. They are probably trying to change the technical charts so as to tell even the dimmest of technicians that it is all clear to buy everything and everyone. I suppose this is the real reason for today's ramp session in the market?
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