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

Tyler Durden's picture

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redarrow's picture

Hang on to your seats the ride is just getting started with seat belts not fastened.

Ahmeexnal's picture

it's starting. silver is getting hammered as of right now.

Oh regional Indian's picture

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!


dlmaniac's picture

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

BaBaBouy's picture

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

BaBaBouy's picture

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

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"

Cdad's picture

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

caerus's picture

this is bullish for paella

chump666's picture

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? 

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.


chump666's picture

thats why the dax was shorted to hell

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.


Highrev's picture

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


Oh regional Indian's picture

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...





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)

AldousHuxley's picture

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



Real Estate Geek's picture


Please delete qing's account?  His posts are ads for some crappy shopping site.  Thx

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.

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.

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
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..

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