Moody's Puts Belgium Aa1 Rating Under Downgrade Review, CDS To Surge

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Fri, 10/07/2011 - 16:43 | 1751073 GeneMarchbanks
GeneMarchbanks's picture

Frenchie too?


Fri, 10/07/2011 - 17:03 | 1751149 DoChenRollingBearing
DoChenRollingBearing's picture

@ Gene,

Sure, yes, France will be coming soon.  Then the UK and maybe Germany.

Then WE get downgraded again.

Sat, 10/08/2011 - 06:46 | 1752440 Sudden Debt
Sudden Debt's picture

Don't forget spain with the pastor bank which needs bailout soup to in the near future!

Fri, 10/07/2011 - 19:39 | 1751500 knukles
knukles's picture

Another Fucking Universal Truth of Mankind Through the Ages.

Everybody, everywhere and everything under the sun has already been downgraded, in many cases by three or four notches whilst remaining on the "Look Out Below Fire in the Hole" list.
The along comes Belgium which hasn't had a gubamint in Years!  Fucking Years!

And they're downgraded after everybody else with functioning gubamints!


Fri, 10/07/2011 - 16:44 | 1751078 treemagnet
treemagnet's picture

Where did SuddenDebt go?

Fri, 10/07/2011 - 16:53 | 1751118 tmosley
tmosley's picture

Hopefully out of Europe.

Fri, 10/07/2011 - 16:59 | 1751137 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 to tree and t!


But, if so, I will miss his sometimes funny comments on the very belly of the beast called Europe.  But, he has told us that he likes silver, so he will wind up OK.

Fri, 10/07/2011 - 17:18 | 1751180 PY-129-20
PY-129-20's picture

He is on a secret mission.

Fri, 10/07/2011 - 17:39 | 1751220 FinalCollapse
FinalCollapse's picture


Sat, 10/08/2011 - 06:48 | 1752441 Sudden Debt
Sudden Debt's picture

Last year octoberfest got a little bit out of hand, and the misses won't let me go with my friends this year :(

Grounded so to speak....

Sat, 10/08/2011 - 06:48 | 1752442 Sudden Debt
Sudden Debt's picture

Last year octoberfest got a little bit out of hand, and the misses won't let me go with my friends this year :(

Grounded so to speak....

Sat, 10/08/2011 - 06:50 | 1752444 Sudden Debt
Sudden Debt's picture

And still buying my friend :)

I had to wait untill october to buy and suddenmy the price dropped bigtime, present from god :)

Next buying time will be january. But i might wait untill march for the next big crash. 20 benny bucks would be a nice newyearresent :)

Fri, 10/07/2011 - 17:20 | 1751185 disabledvet
disabledvet's picture

Beer hall putsch. It's all good!

Sat, 10/08/2011 - 04:18 | 1752370 Praetor
Praetor's picture

@TM, 100 parsecs from Europe going at Warp 10 like any smart European should.

Fri, 10/07/2011 - 16:45 | 1751084 Ahmeexnal
Ahmeexnal's picture

Seems like France is declaring war on Belgium.
Completely expected.

Fri, 10/07/2011 - 16:48 | 1751096 treemagnet
treemagnet's picture

Old joke,

Did you hear about the mint vintage WWII French rifle for sale on EBay?  Its listed as "Never fired...only dropped once".

Sorry, I just had to.

Fri, 10/07/2011 - 19:55 | 1751535 Rick64
Rick64's picture

Thanks for the laugh.

Sat, 10/08/2011 - 00:48 | 1752205 luckylogger
luckylogger's picture

How much. would like to buy it

Fri, 10/07/2011 - 16:48 | 1751098 FinalCollapse
FinalCollapse's picture

That's OK - they will split it into good Belgium and bad Belgium, and unicorns will roam the fields again.

Fri, 10/07/2011 - 17:40 | 1751223 oogs66
oogs66's picture

i'm not so sure i want any part of Bad Belgium, but if they create Naughty Belgium i'm going all in

Fri, 10/07/2011 - 16:48 | 1751099 Fips_OnTheSpot
Fips_OnTheSpot's picture

is fragility a synonym for "brace before shit hits fan"?

Fri, 10/07/2011 - 16:54 | 1751124 PY-129-20
PY-129-20's picture

Incoming! Fire in zzze hole! Granate! In Deckung! Take cover!

Fri, 10/07/2011 - 16:55 | 1751125 max2205
max2205's picture

Well nice going on Moody's leaking that at 3:30 for the drop or should I say 3:00 so they could run it up for the sheep first.

What a joke this has become

Fri, 10/07/2011 - 16:58 | 1751127 LongSoupLine
LongSoupLine's picture

Once again ZH is waaaaayyy ahead of the curve.

Ratings agencies are nothing but behind the ball, masters of the obvious.

Sat, 10/08/2011 - 06:53 | 1752446 Sudden Debt
Sudden Debt's picture

Saint Reggie predicted it months ago. I hope he put some money on it

Fri, 10/07/2011 - 17:08 | 1751160 Poetic injustice
Poetic injustice's picture

I will post this stolen picture when talking about french war performance:

Fri, 10/07/2011 - 19:45 | 1751508 knukles
knukles's picture

Be great to see Snarko's reaction if he saw that... arrogant French dwarf. 
BTW, if he were to ever vacation in Florida again, he could be in the dwarf toss!

S'like Snarko, be slick toss, Yo!

Fri, 10/07/2011 - 17:09 | 1751162 sabra1
sabra1's picture

that's why the market closed down in the last few seconds! longs beware, there will be no christmas this year!

Fri, 10/07/2011 - 17:26 | 1751203 PY-129-20
PY-129-20's picture

No Christmas? Come on! Who stole it? The Blankfein? Again? No Christmas...dammit. And all I wanted was a silver tank.

Fri, 10/07/2011 - 17:28 | 1751197 Mentaliusanything
Mentaliusanything's picture

Zero Hedge Ticks and Flicks another. 

Rated AAA+  



and in case you missed the stuff between the lines


Fri, 10/07/2011 - 17:25 | 1751198 magpie
magpie's picture

Garcon, why are there only charred waffles and fries on the menu

Fri, 10/07/2011 - 19:16 | 1751396 virgilcaine
virgilcaine's picture

Right I dont see any substantial case for a rally,  Daneric and others have a wave 2 rally to 1250..  Not gonna happen.  Point those wave arrows the other direction

The credit and global macro situation is deteriorating rapidly as described on this esteemed forum by Tyler  .

Fri, 10/07/2011 - 21:04 | 1751749 LookingWithAmazement
LookingWithAmazement's picture

Storm in a teacup.

Sat, 10/08/2011 - 00:46 | 1752199 luckylogger
luckylogger's picture

How do I buy this, do I have to be an institutional invester or is there a public, transparent way to put on this trade on aan exchange??

I would really like to know know how a little 2 bit trader like me can participate ?

Thanks for any reply, this is one part that I cannot figure out how to do without paying a huge bid/ask spread and ;pts pf ,argin.

Thanks for any info that you can give


Sat, 10/08/2011 - 08:24 | 1752525 bbelux
bbelux's picture

regarding the resluts of dexia after the famous 3 monthes old eu stress test, what should we think about all the banks showing less strong ratios?

Sat, 10/08/2011 - 09:42 | 1752647 MFL8240
MFL8240's picture

When does Moody's crime show evaluate the US banks that are loaded with derivatives and non performaing assets that are on their books at full value (mark to market, US fraud act of 2009)?

Sat, 10/08/2011 - 14:41 | 1753187 bartek
bartek's picture

I found this little nugget on Silicon Investor

"Haiti is hell, but so what, at least those people are alive. Millions of people are dying right now in eastern Africa from hunger, millions more are dying from disease in great pain and suffering, millions of children dying like wounded animals, their bones breaking, dehydrated skin coming off, lungs collapsing - they are much worse off than Haitians.

But forget all this and pay attention to what is really important. Survival of Dexia is more important. That is why - in the interest of all of us - all available resources are needed to save Dexia. It is about availability of credit, it is about jobs.
180 billion euro is needed to save Dexia. Let's just work all together on this. And believe me, it will be money well spent."

Wed, 11/09/2011 - 12:13 | 1861050 karmete
karmete's picture

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