• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

Full Text Of S&P Warning On FrAAAnce

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/05/2011 - 17:48 | 1948400 nope-1004
nope-1004's picture

No more Vive a la bullshitting?

 

Mon, 12/05/2011 - 18:04 | 1948476 He_Who Carried ...
He_Who Carried The Sun's picture

Yawn! S&P, you hear me?   Y*A*W*N !

Mon, 12/05/2011 - 18:57 | 1948694 ratso
ratso's picture

Classic overreach by S&P after having been asleep at the switch for years.

S&P BOOO!

Mon, 12/05/2011 - 19:06 | 1948709 Hard1
Hard1's picture

And after being asleep for years they place the LONG TERM ratings of over indebted countries on CreditWatch, but with the condition that a short term policy response can still change S&P's opinion  (I cannot think of any politically viable apropriate policy response that may change my view on Europe's debt)  Anyway the market knows best. Just as a sample:

France AAA      5 yr CDS 179

Brasil  BBB+     5yr CDS 147

 

Mon, 12/05/2011 - 20:54 | 1949038 He_Who Carried ...
He_Who Carried The Sun's picture

The funney thing is, if they do Eurobonds they WILL BE downgraded and if they DO NOT Eurobonds they will be downgraded as well?! I opt for the second outcome... ;-)

Mon, 12/05/2011 - 18:09 | 1948487 FinHits
FinHits's picture

Say Cheese!

Mon, 12/05/2011 - 18:02 | 1948444 blu
blu's picture

Shorter S&P: Sorry chumps but people are watching now. Get your act together or we throw you under the bus as an example to the others.

Mon, 12/05/2011 - 18:00 | 1948446 slaughterer
slaughterer's picture

Europe-wide fiscal integration and treaty changes are not going to solve the problems S&P points out here.   The EuroConTricks will no longer delay the inevitable downgrade after Dec 8-9.  Ugly weekend to remain long coming up.   

Mon, 12/05/2011 - 18:08 | 1948478 distopiandreamboy
distopiandreamboy's picture

ECB should hold rates steady and then rise from the swath of downgrades with the hum of Brent crude-oiled printing presses.

Mon, 12/05/2011 - 18:10 | 1948488 spdrdr
spdrdr's picture

La France est dans la merde.

Mon, 12/05/2011 - 18:10 | 1948490 John Law Lives
John Law Lives's picture

I will believe there is a global recovery in place when EU member states and the US and Japan and China etc. collectively announce the steady and sustainable creation of millions of good paying new jobs whilst collecting healthy tax revenue streams whilst managing deficit spending in a prudent fashion.  Until then, this talk of "recovery" based upon Merkel + Sarkozy meetings is pure BS.

Mon, 12/05/2011 - 18:13 | 1948500 LeBalance
LeBalance's picture

S&P: "We certainly mean business about this MF Global co-mingling affair. Yes we have a big stick and we are going to use it. Sometime. We ... will ... act.  When we act.  Shortly.  After the summit.  Did we say the 8th and 9th? Shortly.  Next time it happens we will be there to enforce the rules, next time you can mark our words.  Mark them, I say."

S&P: "Mommy? Can I have a popsicle with my hookers and blow?"

Mon, 12/05/2011 - 18:15 | 1948508 Ancona
Ancona's picture

Tomorrows action should be fun to watch in Europe. Almost as fun as it is to watch the manipulations in our own markets.

Mon, 12/05/2011 - 18:22 | 1948540 Village Smithy
Village Smithy's picture

Can you imagine the string of profanities coming from Sarkozy's mouth right now. "Deux notches!" @@$*^%$?*#**&%%##.

Mon, 12/05/2011 - 18:45 | 1948636 YesWeKahn
YesWeKahn's picture

PDM

Mon, 12/05/2011 - 18:35 | 1948590 PulauHantu29
PulauHantu29's picture

Belligerent Sarkozy is too busy invading Libya and fighting for the Next Nobel Peace Prize to be bothered with trivial things like the French people.

Tue, 12/06/2011 - 03:26 | 1950088 Grand Supercycle
Grand Supercycle's picture

SP500 monthly chart remains bearish and USDX weekly remains bullish, so it’s only a matter of time until the market makes its move.

http://stockmarket618.wordpress.com

Do NOT follow this link or you will be banned from the site!