• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

French Rating Agency Fitch Affirms US At AAA, Outlook Stable

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Tue, 08/16/2011 - 09:28 | 1564942 ZeroPower
ZeroPower's picture

Never heard of Fitch.

Tue, 08/16/2011 - 09:44 | 1565001 SheepDog-One
SheepDog-One's picture

Even the Algobots are not impressed!

Tue, 08/16/2011 - 09:54 | 1565024 trav7777
trav7777's picture

our yields sugggest quadruple A.  Same with Japan

Tue, 08/16/2011 - 10:45 | 1565190 spiral_eyes
spiral_eyes's picture

pentuple A, bitchez

http://azizonomics.com/2011/08/16/krugman-calls-for-alien-invasion/ 

Aliens, Aliens, Aliens, Aliens, Aliens

Tue, 08/16/2011 - 11:47 | 1565506 Manthong
Manthong's picture

We need a convocation of the notables, just like they are doing in Europe.

Oh, I forgot.. we are doing that with a “super-congress”.

Of course we are AAA to the French regarding our “deficit of revenues.”

History does not repeat, but it rhymes..

http://intellectualtakeout.org/blog/debt-america-can-learn-french 

Tue, 08/16/2011 - 09:57 | 1565030 BlackholeDivestment
BlackholeDivestment's picture

chuckle...

Fitch: the act of attempting to scratch an itch that can't be touched. http://www.youtube.com/watch?v=uqP9h-oaFag

Tue, 08/16/2011 - 13:51 | 1566135 hunglow
hunglow's picture

That's what my new girl friend use to say.

Tue, 08/16/2011 - 10:16 | 1565054 Cognitive Dissonance
Cognitive Dissonance's picture

But you have heard of Fetch. As in Fetch the Fiat.

Tue, 08/16/2011 - 09:28 | 1564945 oogs66
oogs66's picture

they should be banned

Tue, 08/16/2011 - 09:29 | 1564947 Racer
Racer's picture

I wonder how much the ChairSatan and the other evil doers paid them?

Tue, 08/16/2011 - 09:46 | 1565004 SheepDog-One
SheepDog-One's picture

I hope not too much, its totaly worthless.

Tue, 08/16/2011 - 09:51 | 1565016 Sudden Debt
Sudden Debt's picture

They have 2 mayor sources of income:

1. Ratings for hire

2. Their Google pay for clicks adds on their website.

And the rumor goes that their advertisings on their site aren't performing that well...

 

Tue, 08/16/2011 - 09:31 | 1564952 Sudden Debt
Sudden Debt's picture

good thing ratings aren't political motivated....

UNLIKE THE EUROSONG FESTIVAL WHERE POINTS ARE ALWAYS GIVEN ON A POLITICAL VIEW!!!!!

 

 

Tue, 08/16/2011 - 09:34 | 1564965 Global Hunter
Global Hunter's picture

Father Ted and Dougal was robbed I tell ya, My Lovely Horse was a fantastic song

http://www.youtube.com/watch?v=jzYzVMcgWhg

 

Tue, 08/16/2011 - 09:41 | 1564996 Sudden Debt
Sudden Debt's picture

GH, as a ousider, check out one of Belgium's eurosong artists:

http://www.youtube.com/watch?v=TfUW1ko8PTE

and now tell me how it's possible that didn't win?

 

Tue, 08/16/2011 - 10:08 | 1565077 Global Hunter
Global Hunter's picture

90 seconds was all I could take of that!

Tue, 08/16/2011 - 10:54 | 1565225 dogbreath
dogbreath's picture

I only lasted 12 seconds for the time it took to go back here

Tue, 08/16/2011 - 09:32 | 1564958 Eireann go Brach
Eireann go Brach's picture

Sarkosy wears triple SSS childrens shirts and pants and has to stand on a chair to make out with his wife!

Tue, 08/16/2011 - 09:35 | 1564972 Sudden Debt
Sudden Debt's picture

makes you wonder how he got his wife pregnant he?

 

Tue, 08/16/2011 - 09:39 | 1564989 Cognitive Dissonance
Cognitive Dissonance's picture

Nope.

The snake always manages to find the home hole.

Tue, 08/16/2011 - 10:09 | 1565079 Bohemian Clubber
Bohemian Clubber's picture

he's got a telescopic weiner dog

Tue, 08/16/2011 - 09:34 | 1564959 Cleanclog
Cleanclog's picture

The USA is still AAA cuz we really want to keep France at AAA.  Our civil defense depends on it. Thank you, ur merci beaucoup, French Fitch.

Tue, 08/16/2011 - 09:38 | 1564988 Tyler Durden
Tyler Durden's picture

Oui

Tue, 08/16/2011 - 09:54 | 1565025 lunar
lunar's picture

http://en.wikipedia.org/wiki/Fitch_Group

...mais je pense en parle anglais

Tue, 08/16/2011 - 09:33 | 1564961 vast-dom
vast-dom's picture

really? who cares?

 

at this point why not just rate Americancan AAAAAAAAAAAAAAAAAA++++++?

 

it ain't gonna change jackshit!

Tue, 08/16/2011 - 10:56 | 1565231 dogbreath
dogbreath's picture

there is somthing transcendental  about that photo

Tue, 08/16/2011 - 09:34 | 1564968 Hulk
Hulk's picture

There's that goddamn 70% debt to GDP ratio again. What a bunch of fucking liars...

Tue, 08/16/2011 - 09:35 | 1564970 alexwest
alexwest's picture

same shit w/ french twist..
SS debt is not a debt.. stoped reading on sentence..

alx

Tue, 08/16/2011 - 09:36 | 1564975 Irish66
Irish66's picture

and the ponzi lives on

Tue, 08/16/2011 - 09:36 | 1564976 Just Observing
Just Observing's picture

Yeah.....the French rate us AAA....that really makes me sleep better at night.   Hey...wait....are the these the same folks that invented the Maginot Line ?

Tue, 08/16/2011 - 09:37 | 1564983 Cognitive Dissonance
Cognitive Dissonance's picture

They can say all they want, but their premise is simple. The US can just print more dollars and thus will never default. The value of those future dollars doesn't play a part in the rating process.

Next!

Tue, 08/16/2011 - 10:16 | 1565098 shortus cynicus
shortus cynicus's picture

They do not print, but borrow. They will never print because convertibility from RFN into lowfull money is only suspended not abandoned, its transitory.

OK, it lasts already 40 years, but what is 40 years in a lifetime of great empires.

Tue, 08/16/2011 - 09:38 | 1564986 JSD
JSD's picture

CBOE, etc...just temp unavail for trading on IB...FYI.

Tue, 08/16/2011 - 09:43 | 1564990 SheepDog-One
SheepDog-One's picture

Well France since you think US debt is so great, why dont YOU buy up all our Treasuries?

Tue, 08/16/2011 - 09:43 | 1565000 youngman
youngman's picture

Why are my posts going bye bye???

Tue, 08/16/2011 - 09:49 | 1565010 Sudden Debt
Sudden Debt's picture

maybe your ratings got downgraded by France?

 

Tue, 08/16/2011 - 09:44 | 1565002 Oh regional Indian
Oh regional Indian's picture

I should be eating humble pie since my August 15th, omen filled call for global financial disaster, especially Dollar/Fed crash was such a whimper. Everything is up. Well, the Indian market was down, but it hardly matters, really.

Silver range-bound, gold up, dollar (Up?). 

And the US of A is AAA. Mirror madhouse.

ORI

Tue, 08/16/2011 - 09:48 | 1565008 SheepDog-One
SheepDog-One's picture

Timelines are tricky, and I believe theyre FAR behind their timeline for the shit hitting the fan. They got cold feet?

BTW what ever happened to QE3? Havent even heard it mentioned in a week. Somethings rotten in Denmark.

Tue, 08/16/2011 - 09:55 | 1565026 Bohemian Clubber
Bohemian Clubber's picture

Look this shit is coming down soon, the american patient has been knocked out so many times now he is on his knees puking blood

Tue, 08/16/2011 - 10:00 | 1565044 Cognitive Dissonance
Cognitive Dissonance's picture

SD-1

No mention of QE3 because they gotta make the sheep bleat for it. Please stop the pain and give me QE3. Pretty please with ice cream on it? Not enough pain yet to roll it out even on the rumour mill.

Looks like one more leg down will do it.

Tue, 08/16/2011 - 10:24 | 1565113 SheepDog-One
SheepDog-One's picture

OK, thats my point! Where is the leg down? Even last weeks market drops didnt cause a bit of concern anywhere, every -500 day was met by a +500 day....so my question still stands 'where is any market fear and panic at all'?

Tue, 08/16/2011 - 10:01 | 1565049 Oh regional Indian
Oh regional Indian's picture

Time-lines are tricky indeed. The NUMBer of tricks up their sleeves are without end seemingly. With the market mostly left to algos, us humans don't really seem to matter eh?

Anc actually both the debt ceiling and qe3 are two phrases that seem to have dis-appeared in a deep black hole somewhere. Right along with the Heroic Seal Team 6.

Figures, hmmm?

ORI

Tue, 08/16/2011 - 10:58 | 1565241 Smiddywesson
Smiddywesson's picture

ORI,

TPTB used up two of their precious margin increases in the gold markets, and gold laughed in their faces.

From their perspective, that was the end of their world.

"Everything is up" 

No it's not, it is a game, not a market, a simple distraction to keep everyone out of the gold market where they are conducting massive operations to buy cheap gold.

Tue, 08/16/2011 - 09:48 | 1565009 digalert
digalert's picture

Fitch got their paycheck.

Tue, 08/16/2011 - 09:49 | 1565011 mess nonster
mess nonster's picture

S&P re-upgrade? MY, but the Emperor's clothes are so beautiul! So chic!

Tue, 08/16/2011 - 09:50 | 1565014 espirit
espirit's picture

Pump and Dump, bitchez.

Tue, 08/16/2011 - 09:51 | 1565020 Bohemian Clubber
Bohemian Clubber's picture

Tyler, very nice research doc produced today by Albert Edward from SG on Income Distributions in US and UK.

Tue, 08/16/2011 - 09:54 | 1565022 SheepDog-One
SheepDog-One's picture

So Bernanke wants to take 'all is well' into Jackson Hole? Suddenly the topic of QE hasnt been mentioned at all in days, crickets chirping. Seems like 'TSHTF' moment may be when Bernanke announces no QE in a few days. No market drops, all is well news, but how many times has QE3 been baked into stock prices since January? Somethings really not right here, none of these puzzle pieces fit.

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