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Moody's Places Spain's Aa2 Rating On Downgrade Review

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Fri, 07/29/2011 - 01:43 | 1503528 redarrow
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Hang on to your seats the ride is just getting started with seat belts not fastened.

Fri, 07/29/2011 - 01:57 | 1503554 Ahmeexnal
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it's starting. silver is getting hammered as of right now.

Fri, 07/29/2011 - 03:20 | 1503618 Oh regional Indian
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Strange though, where is the money going to run to? Dollars?

It might be the ultimate Dollar Bull Trap this time.

Watch events leading up to August 15th. I think some windows or the other will close!

Be aware!



Fri, 07/29/2011 - 01:45 | 1503531 dlmaniac
dlmaniac's picture

Funny how they are not in God-Speed mode when it comes to downgrade US debt. Surprise. Surprise.

Fri, 07/29/2011 - 01:46 | 1503533 BaBaBouy
BaBaBouy's picture

Immediate Run to the Gold Standard required to save whats left of the worldwide system...

Fri, 07/29/2011 - 01:48 | 1503539 BaBaBouy
BaBaBouy's picture

LOL... The Frau Merkel will bail them out anew, with the German Countrymens Money...

Fri, 07/29/2011 - 01:55 | 1503549 phraseshifter
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Fri, 07/29/2011 - 01:56 | 1503551 digalert
digalert's picture

"still struggles to pass its 2009 budget"


Let's not forget when Pelosi and company decided that "we-don't-need-no-stinkin-budget"

Fri, 07/29/2011 - 02:02 | 1503557 Cdad
Cdad's picture

Things are starting to get a little sporty on the EUR/USD.

Fri, 07/29/2011 - 02:10 | 1503567 caerus
caerus's picture

this is bullish for paella

Fri, 07/29/2011 - 02:38 | 1503590 chump666
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there goes the bund spread against PIIGS junk.  thus DAX down, EZ down, EUR down and US stocks DOWN.  all we need now is a HFT to go nuts and send gold to 1800. possible? 

Fri, 07/29/2011 - 03:11 | 1503606 Flounder
Flounder's picture

On 7/18 Italy 10 yr spread to the bund hit a high of 338.  In this session it hit 337.  Not going in the right direction.



Fri, 07/29/2011 - 04:09 | 1503676 chump666
chump666's picture

thats why the dax was shorted to hell

Fri, 07/29/2011 - 03:24 | 1503619 Sudden Debt
Sudden Debt's picture


America should get the blow friday and "suddenly" spain is thrown on the shopping block to divert attention.


The Spain 10 yr is at 6,15%, it's also over for Spain now. I wonder how hard it will fall and how the earth will shake in Euroland.


Fri, 07/29/2011 - 03:31 | 1503623 Highrev
Highrev's picture

The world bankster cartel is working overtime trying to induce a panic.


Fri, 07/29/2011 - 03:36 | 1503625 Oh regional Indian
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The ratings agencies are going to go into downgrading overdrive. 

The real weapons of massive destruction. Inspite of being recognized as beign establishment pawns, they move the markets. Strange but true.


Espaneantandar.... poco dinero...






Fri, 07/29/2011 - 03:59 | 1503670 giovanni_f
giovanni_f's picture

Bankrupt US toiletpaper debt grade still AAA according to the usual credit rating suspects, S&P et al.


"Why are you listening to them?" (Jim Rogers)

Fri, 07/29/2011 - 05:45 | 1503745 AldousHuxley
AldousHuxley's picture

IF US has junky AAA, then what the heck is Spain's AA2? Dog shit?



Fri, 07/29/2011 - 06:00 | 1503753 Real Estate Geek
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Please delete qing's account?  His posts are ads for some crappy shopping site.  Thx

Fri, 07/29/2011 - 06:24 | 1503763 RiverRoad
RiverRoad's picture

Hey, we wouldn't be here at all if Isabella hadn't shot her wad on Louboutins and sent Columbus over here to look for GOLD.  Ya gotta give 'em credit for that.

Fri, 07/29/2011 - 06:28 | 1503765 Version 7
Version 7's picture

As of now the US is about to default, so we put Spain on downgrade review.

Better not try to understand.

Fri, 07/29/2011 - 07:14 | 1503791 Josephine29
Josephine29's picture

The Spanish situation seems to be getting worse.

Contagion alert: Spain is to have an early general election as the pressure mounts... @notayesmansecon on twitter
Fri, 07/29/2011 - 15:22 | 1506064 mr_T
mr_T's picture

Spanish situation is a lot of publicity BS . What about England.. German banks.. Italy... They don't make any headlines.. things are rough out here but not as bad as the unemployed with no healthcare .. free education .. other stuff the US lacks... Oh yeah the Obama health plan... What a joke I got a 30% premium raise after it was passed when I lived in Cali. Mobama 2012 I can't wait to hear his slogan..

Fri, 07/29/2011 - 21:46 | 1507043 wwwmm
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Fri, 07/29/2011 - 21:50 | 1507085 wwwmm
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