Full Text Of S&P Warning On GermAAAny

Tyler Durden's picture

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john39's picture

the german people will bow to the NWO, or else.  /s

TK7936's picture

Do i have to say Beeee instead of AAA at the Dentist now ?

fonzanoon's picture

Is Germany more likely to get downgraded if they go all in and bail out the eurozone or if they fail to do so?

Johnny B Good's picture

This was no 'Yes' or 'No' question.


sqz's picture

@Johnny B Good

And you completely missed the point of the clever answer!

FinHits's picture

"If we were to conclude that the ECB's policy stance is unlikely to be effective in mitigating the economic and financial shocks that we believe Germany could be experiencing, we could lower this score."

So if S&P does not see a full US-style quantitative easing from ECB, they will lower Germany's rating. Brilliant thinking. Not.

TK7936's picture

Bailing out is cool, if you bail out the entire Milky Way Rating agencies will invent a new letter above A for you.

They love money printers and hate those who actually back there paper with products.


Hard1's picture

Earth has been just downgraded by the Stellar and Planetary Ratings (S&P), a MRSO (Milky way Recognized Statical Organization) to triple Zed minus outlook negative.  Saturn has outlook positive as the new methodoligy consideres that lack of life is better than lack of intelligent life.

SilverIsKing's picture

Germany gets an AAA but only when they grade Europe on a curve.

Carlyle Groupie's picture

Anyway CreditWatch® really does not mean anything significant from what I understand.

kito's picture

these pesky ratings agencies, worse than cock blockers.....................

Piranhanoia's picture

Aa, the raters. They present their story told by an idiot,  that has a really bad plot, where the characters are cardboard, the ending is horrible. 

Like a film critic that works for the studio that made the film.

He_Who Carried The Sun's picture

Yawn!  S and Pee, read my lips:   Y*A*W*N !

Manthong's picture

I do seem to recall something about a few bucks worth of German bonds that were not bid upon not too long ago.

Go figure.

Oh well, bottoms up!



He_Who Carried The Sun's picture

Um, they actually pay 0.somethingridiculous for their one-year... All that makes real sense.

Johnny B Good's picture

They should just be honest and say:

"If the probability, that the focus of the peoples attention shifts from the european debt crisis to the UK/US debt crisis, rises we will lower the rating of several european states in an effort to divert the peoples attention back to europe"

Stoploss's picture

Can the eurotards come up with 5 Trillion by Friday?

1fortheroad's picture

Thats one big hockey stick!!

jmc8888's picture

S&P, douchebags to the end. 

The funny thing is, they colluded on the way up, now they wish to force gov't into asinine decisions on the way down.  All for your friendly neigborhood bankster.

Hey Standard and Whores, here's something the gov't's can do....Glass-Steagall.


May not be what YOU and your banksters friends, but it IS the only solution (and only part of it).


But hey, you want to prod them into doing something, might as well know it's the opposite of what you really want.



wandstrasse's picture

I wish I never discovered ZH and the like. The world turns out to be a Kafkaesque nightmare when you read every day about the consequences of that fraudulent debt fiat catastrophe installed by an ignorant, totally detached elite. I could have spent some more years oblivious but less desperate. I enjoyed a little wealth... I enjoy it no longer.. now I see it came out of the printing press - and will slowly disappear there, too, no matter how hard I worked for it. If TPTB do not like that I own a few PMs, they will take it away from me. A few pages of legislation, farewell PMs.

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.


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