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La Tribune Reports S&P May Put France On ‘Negative’ Outlook Within Ten Days
For our French speaking readers, this makes it all too clear: "Selon plusieurs sources contactées par La Tribune, l'agence de notation Standard & Poor's pourrait préparer la France à la perte de son "triple A"."
Google Translated La Tribune article:
In ten days, the triple A French risk of being "negative outlook"
New rumor market to offset the rate before the last bond auction OAT of the year this Thursday? Or preparation of minds to the inevitable? According to several sources, Standard & Poor's (S & P) may well announce "shortly" the placement of the AAA rating of France as "negative outlook". This is the first step before the lowering of the rating, the highest, enjoyed the Hexagon. "It could happen in a week or maybe ten days," said a diplomatic source, who adds that there are currently an intense reflection in this direction within the agency.
Threats from other agencies
Another source glide along this announcement should be made public on Friday, but for unknown reasons it was postponed. Ten days, S & P had "accidentally" announced the degradation of France. Soon after, she had confirmed the rating of the country and its "stable outlook". But for several weeks, the French notation is under pressure. The economic downturn makes it less credible because the objectives of reducing deficits displayed by Paris. In late October, Moody's warned that it gave three months to consider whether it should be placed on negative watch the French note.
To avoid a possible negative outlook does not result in a loss of the triple A, two possibilities. Either the economy is improving, which is unlikely in early 2012 according to OECD figures published Monday. Either the government is willing to engage in a third level of rigor, it has always hitherto excluded Valerie Précresse, Minister of the budget.
Borrowing capacity of the European small
For its part, Fitch highlighted the "risks" weighing on the French AAA he nevertheless reaffirmed. If France were to lose its triple A, the European Financial Stability Fund (EFSF) would then see its borrowing capacity significantly reduced. The "strike force" of the EFSF would be unable to respond to attacks against the markets of Italy and against Spain. "If the boss of the EFSF, Klaus Regling, announced Tuesday that the Eurogroup of leverage the fund will not reach 4 to 5, as expected, the European Central Bank remains the only credible option," concludes the source diplomatic, adding that the threat of degradation of France, "especially before the European Council on December 9 dudu, put massive pressure on Angela Merkel on the involvement of the ECB."
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Negative outlook, bitchez
oui, oui..... USA blew off the negative talky talk too and look where it got them
does this mean Sarkozy will be flying standby now?
http://www.youtube.com/watch?v=FWBUl7oT9sA
merde...
Is that avatar Camembert or Brie? The former I hope. http://www.youtube.com/watch?v=B3KBuQHHKx0
I believe it's Gubbmint
Like new wwII french rifle, never been used, only droped once. lol
"Sacre bleu this sucks Les Big Baguette!"
No but his gold will ...
If today was any indication the market will rally on this news.
Michelin in retaliation to downgrade S&P's cafeteria in Lower Manhattan to an unprecedented minus 3 Stars.
It's like spinning the wheel of fortune and holding your breath every time the bankrupt comes around. You know eventually you will hit it but hoping just not yet.
French fried
When you get past the hairy female armpits and excessive cheap male colognes the French are wonderful people.
There is a reason french men wear lots of cologne.
We We Misure...
Not on my carpet you don't!
What do you call a French soldier in retreat?
Well trained.
It's beotchez, not bitchez, beotchez.
Have fun with Ebonics.
Rating wars...
What channel?
Part II, The Empire Strikes Back
Oceania has always been at war with Eurasia.
It's probably time to read 1984 again to see what the next step in the playbook is.
"Room 101."
Did I miss the ZH thread on Barney Fwank's decision not to seek re-election?
Who cares
I like good news.
I am pretty sure that Barney gets it in the end.
I see what you did there...
Figured he was a chubby-bottom...
Bwarney wants to spend more time with his "family" in the Rumper-Room.
Moron Libs care.
Oh, look! A moron Lib with a thumb!
How does this jive with Italy going belly up in ten days?
No. No. No.
Eyetalia goes bottoms up. Better that way.
And Bawney Fwank, today
don't cha' know.
- Ned
Negative outlook. Honestly the outlook is negative. Job well done.
Now they tell us.
It all makes sense now.
Global QE, equity index to da moon.
Il est grand temps.
GRPN -9% on a big up day. That dog needs to be shot.
Already priced in.
Except for the news.
Get ready to take a stand on gorilla paper - TBT or TMV.
Ha I took a stand at 35. Another one at 25. Then I took another one around 18. The Irony is it will take 600 billion in MBS purchases to "lower mortgage rates" to send it up.
Oooh, way early. There is a strategy called 'trading'.
Thanks I bet you look good in your captain obvious costume. Shit happens. It's okay to laugh at it.
The long bond will hit 2.79%, for a week or 2. Ignore calls for 2.5%. Be patient, or nimble, your choice.
I have done neither, unfortunately
Been there, done that. Back when TBT was 45.
Decay suks on these 2. Toast in a month, just on decay.
Buy the news!!!
French bank assets as 4x french GDP.
This is going to end well.
Any decision on who is going to guarantee Dexia?
Unanimous. Your butt guarantees it.
Apparently the Belgians are good for 60%+
Whoculdanood.
according to the freeeeee frenchie fries, those are assets morbleu, not liabilities, so oui rrrrr proud to have banks with plentiiiii of ze assets, not like you americains full of shiiiiity liabilitieeees....you kno wat I ze meen...
Off topic but Chinese Donald Trump given the boot by Iceland. Is there no stopping the gale of those Icelandic bitchez.
'No precedent'
Mr Huang had wanted to turn the land - about 0.3% of Iceland's total land mass - into an eco-tourist resort and golf course.
http://www.bbc.co.uk/news/world-asia-15916486
Maybe France could sell the slums in and around Paris and turn them into golf courses for much needed foreign currency.
It really doesn't matter what France has unless it has €500,000,000,000.
And woophs they don't have it.
Bunch of slimy toads.
Or should that be frogs?
No.
A disgusting shower of maggots that want everyone else to bail out their banks.
Pure filth.
Now now, no need to taint us all with the same brush ... we're not all related to sarkozy you know
;-)
Apologies. I exclude you.
I do not exclude the disgusting slime that wants the rest of Europe to bail out slime French banks.
I don't think it is most people in most countries. It is the slime banking cartel all around with there puppet's and tele prompter's.
That is so true.
One thing I have learned hete is that the divide and conquer strategy of crony capitalists and oligarchs is highly effective.
Even we fall for it on occasion.
yeah....thank God for that hein ?....
New road sign:
Beware Trolling Fwanks.
Oh la la, quel injustice. Oú se trouve la grandeur?
la grandeur se trouve dans Carla tous les soirs...vive la France du beaujolais nouveau.
Did the French surrender?
sacre bleu!
pere noel, google translated, has the thought: humbug!
tant pis
...tanks fer nothing, brb....ahhhh.
Sarkozy is on the MAginot Line to the last man...but Merkel refuses to join him on the Siegfried line...the question is do Maginot and Siegfried lines protect against the tsunami market washed in debt?
In a related story, Carla Bruni seen shopping for clothes at JC Penney ... Sarko supping on box wine and Cheez Whiz.
Cheez Whiz is too good for that slime.
Bunch of fucking pussies. Downgrade already.
3 asset managers in Greenwich CT won the powerball. They are taking manipulation to new levels
"Negative outlook" can also be translated from the agency-ese to plain English and means "they'sa hard fucked now mon".
Hope that helps.
Oh this is gonna be fun :
http://kleinonline.wnd.com/2011/11/28/unusual-movement-of-israeli-missiles/
Eye witnesses claim 'unusual' movement of Israeli missilesMultiple eyewitnesses reported seeing Israeli military trucks in recent days transport and station large missiles at the periphery of Jerusalem and in locations inside the West Bank.
The descriptions of the projectiles are consistent with the Jewish state’s mid-to-long range Jericho ballistic missiles.
Who's gonna get nuked? Iran's gonna get nuked!
Nuke Bloomfukistan, where it will do some good!
(NYC to you furringers)
I hope the fuck no one get's nuked. It is time this bullshit stop's world wide. Debt bomb, nukes, good grief.
Bring it on.
No worries- Obama is gonna write them a big fat check, cause he unnerstands hi-finance, y'all-
Hail, Frenchie- don't even bother to put up any collateral- yur word is gud enuf for the US.
Returned: NSF.
"If the boss of the EFSF, Klaus Regling, announced Tuesday that the Eurogroup of leverage the fund will not reach 4 to 5, as expected, the European Central Bank remains the only credible option," concludes the source diplomatic, adding that the threat of degradation of France, "especially before the European Council on December 9 dudu, put massive pressure on Angela Merkel on the involvement of the ECB."
The ECB retains credibility only so long as they are NOT an option. Once they become an option, their credibility goes the way of Greece, Italy, Spain...etc..
Dumb frogs...
Plus ca change plus c'est la meme chose!
Plus ca change plus c'est la meme chose!
Oooooo....negative outlook. You ratings do not scare us M. S&P! We are French!
http://www.youtube.com/watch?v=9V7zbWNznbs
French rating misfortune definitely brings out the best 'bon mots' (witty replies) from people in here ... i'm so glad i immigrated to the UK 25 years ago where I will enjoy a AAA rating for longer, won't I ???
I hope you still vacation in France!
You left France to go.... To the UK.....
SO YOU ARE THAT GUY!!
What made you do it? The crappy food? The bad beer? The ugly woman? What attracked you in the UK?
SD, I call BS! What can you possibly have against bangers & chips?
Flemish fuk.
/jk
I was attracted by a whole list of mis/pre-conceptions: you forgot the daily London fog and non-stop rain...
If you had a streak of rebellion in you, the UK was the place to be in Europe in the early 80s (Stop The City, Greenham Common, Murdoch, Thatcher....)
You don't need to worry about AAA.
The UK won't be paying Greek and Italian debt.
France will.
Merde! C'est fou!!!
You want some wine with that?
You don't need A's in your life!
I know guys who didn't even finish school and got to be millionaires in their 30's!
So fuck A's!
You privy to 0's Columbia transcript? Share!
Hm. Didn't see anybody with any french names that translate into Cheat, Drown, Fraud or Lothario mentioned.
You sure the rating weren't written by somebody named Monsieur Autos Da Fe?
Christine translates badly? Sue Google.
Okay, where to we bomb next?
I mean, where to we take democracy to the masses?
Seriously Barry, just put an invoice for the next incursion in a pdf and post the sucker so we don't have to put up with the drama on the MSM. We know we are getting the bill so at least give us an itemized statement.
Bloomfukistan, duh.
What to do upon being threatened with a downgrade:
You will need: a Tricolore, some scissors and a pole
The French don't surrender.
They change sides.
Just like the Italians.
When asked to comment Nicky Sarkozy said "Netanyahu is a liar"
The French need to learn how to speak. Was so sick of the spittle when was there.
All over the bread.....
Bwaney Fwank must be Fwench.
Doris Day said it best.
http://www.youtube.com/watch?v=xZbKHDPPrrc
Je pète dans votre direction générale!
Just think. We are just getting started. Japan has been dealing with this hell for 20+ years.
Wow. Like it wasn't bad enough when we opened a McDonald's over there, now this! How degrading...
Time Magazine is for those who can't think. CNN is for those who can't read. And CRA letter ratings are for those who can't count. In their present state France's public finances are doomed by any standard, AAA or not. But it's nothing that a stealth default through ECB printing won't solve. Imprimer!
The good news is that there are fewer "other shoes" hanging in the air. The bad news is that there are still, other shoes hanging in the air. December is going to be a wild month.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
Jimmy Cramer must listen to Tyler... After how many posts, ( by Tyler) is the " Garden Knome" , Jimmy Cramer, devoting his show to credit spreads in Europe and risk in general? Some one give that boy a dose of " HGH "! Human Growth Hormones.
garden knome on roids
keep thoses sleeves rolled up, garden knome!
if he starts talking about the context model, he's really busted!
Slewie you da BEST! Hope you enjoyed the short time off.
do you think cramer is a fringe blog fan, Y/C?
Thanks TYLER, they have been running that on the news NON STOP for the last couple of days....that means that the sheeple is now getting a glimpse on the situation. Some of us who have been following events on ZH since the start have since reconverted in BUSHCRAFTING activities ! With what's coming ahead, it might come handy to learn how to fish and hunt...
I was talking to a friend living in France just 2 days ago. He told me he was shocked when the teller at the bank asked him for a whole bunch of papers just to withdraw from his savings account. Among the papers asked, his taxes receipt, and that, just panicked him enough to not only withdraw *all* the money he had there. While at it and the bank employes working on that, he called his whole family. "I didn't have to say much to convince them to take out their money, just the fact that the teller asked me for my taxes papers among others".
FYI, usually, you only need to show you bank card to access your funds...
Bank run anyone? My friend's family did proceed to their own little one, I wonder how many other people reacted likewise.
"Ouh la la, poutain de merd ! " LoL