S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating

Tyler Durden's picture

Sigh:

  • S&P says that it is impossible that any economic improvement would bring back the AAA rating
  • US deficit progress is needed.
  • Outlook remains negative.

And what do stocks do on latest S&P report that America is broke? Why they surge of course....

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hangemhigh77's picture

I'm going to the bank for a HUGE loan. All I have to do is tell them I'm broke and have no job and they'll reduce the interest on the loan.

The Big Ching-aso's picture

 

 

What if the U.S. in its entirety just becomes Goldman Sachs, Inc.?    That would get our AAA rating back.

vast-dom's picture

to even utter in same statement AAA and USA means that SP is a joke and we're all fools for even reacting to the agency review.

Let's really do our own ZH rating here: use the basic stats of debt to GDP (Fed toxic assets as illegal derivative and CDS's and other fake accounting, etc.)  and we barely arrive at BB- for the good ol' US of A.  

 

So the farce continues.

UBIGDummy's picture

Your entire comment is Bullish. Well that is how the markets are doing....

centerline's picture

Thanks. Good interview. Nothing really new, but Celente is always fun to listen to. His predictions are very plausible.

MillionDollarBonus_'s picture

Despite the whining from discredited libertarian day traders, growth is back and stocks are beginning their next leg up to all time highs.

jus_lite_reading's picture

ROTFLMAO!!! ^^THIS GUY^^^ is a comedian!! Are you the new HairyWanker?

1200x earnings is the new normal. You will get a ROI in 100 years or about the same time the perpetual bonds mature!

LMAO!!! 

Dr. Engali's picture

MDB has been around a long time. You have to read him for a while to appreciate his humor.

Vagabond's picture

I've read the guy for well over 6 months, and that doesn't change the fact that there is nothing humorous in this statement.  It's just plain vanilla trolling.

"Despite the whining from discredited libertarian day traders, growth is back and stocks are beginning their next leg up to all time highs."

Dr. Engali's picture

I guess you need a sense of humor and a skin that isn't so thin to appreciate it. A good grasp of the absurdity we find ourselves in doesn't hurt either.

surf0766's picture

It is dam funny... Happy Friday !

hawks5999's picture

I tend to agree with you. I believe that MDB is demonstrating absurdity by being absurd.

To the uninitiated he seems sincere, but I'm fairly confident he is just taking the piss out of everyone.

camaro68ss's picture

you can dig silver out of the ground for $15 bitchez. ahahahahahaha ...remember that troll... good times

SHEEPFUKKER's picture

Really troll. Why are interest rates at zero forever if growth is so great? If you want to make a case to be long stocks because in an election year, TPTB won't let them fall, then so be it. Otherwise, STFU. 

flyingpigg's picture

You could go long SPX as a short USD play.  :)

kito's picture

"growth" never left...you know..the "growth" that goes unchecked and unnoticed, until one day, after you begin to exhibit signs of malignancy,  your doctor examines you and sends you straight to the hospital, where they perform emergency surgery to remove that "growth" becuase it was about to kill you....shirley you mean that type of growth.........

Dr. Engali's picture

You're right MDB if I had been in S&P since 2000 I'd only be down 8%. But wait, I forgot to adjust for inflation. Whoops it looks like I'm down 32% when I adjust for inflation. Winning.

JPM Hater001's picture

I've decided to clasify you as a rounding error.  You really shouldnt be there...or here.

MeelionDollerBogus's picture

So just where is it you learn to be a bull-tard or top-caller or bottom-calling-troll?

Just how do you define "growth" ?

Maybe AAPL will hit all time highs but SPY is about to take a pretty bad plunge.

Prepare accordingly.

Silly Bitchez ... http://flic.kr/p/bqr5ZG / http://farm8.staticflickr.com/7207/6840058186_8f1c8f5b0b_b.jpg

vast-dom's picture

All is farce and $cams, until there is a purge.

GeneMarchbanks's picture

News: Strait of Hormuz being closed as we speak!!!

 

... SIKE!!!! Let's look at WTI to see what we won!

Divided States of America's picture

Robots read the letters AAA in the headline so it must be good. Time to buy more AAAPL!

espirit's picture

This whole zombinomic policy just won't fuking die, and I personally shot it through the head with a silver boolit.

My next strategic initiative is to watch for a downtick in AAPL, which has significant implications concerning global economic direction and / or brink of world destruction.

Buy AAPL, bomb Iran, print bitchez print...../sarc

Moneyswirth's picture

You're about a week early on that headline.

pkea's picture

is hormuz getting closed today?

GeneMarchbanks's picture

+1 if you're sincere and may God bless you.

SofaPapa's picture

This market is beyond crazy.  It is now officially BATS*&T crazy!  But then again, I guess that's no different than yesterday, so... carry on.

Comay Mierda's picture

the market is pricing in hyperinflation & full on monetization of debt by the fed and primary dealers.  But no matter how much money they print, the solvency issue will remain.  one day, sooner or later, the govt and several large banks will have to default.  and when that happens everyone will be selling stocks/everything paper, cause the biggest market crash in history, and have to buy physical gold and other real assets

pkea's picture

the sad thing that CHASE  once again will get its chance to get bargain on EVERYTHING 

pkea's picture

that's right, beyond crazy, it's a psychopathic world we live in and have to adjust to live with or get rid of it at last

non_anon's picture

up is down, good is bad, and crime pays

Confused's picture

and crime pays

 

Ah, the (new)American dream......

t_kAyk's picture

That's it people.  I'm all 'farced-out' for the day. 

jus_lite_reading's picture

Is it just me or does it feel like the wheels are finally coming off??? Has too much dirty laundry been let out for all to see?

 

Of course they SURGE!! What did the Zimbabwe stock market do in its final days?!

WonderDawg's picture

I have a feeling we're in the last uptick before at least a correction and possibly a BIG one. But that's just my optimism showing.

espirit's picture

These fukers are adept at riding a unicycle with a broken wheel.

Wake me from the matrix when the juggling stops.

CClarity's picture

Looks like we're back to debt = wealth.

If you can borrow it then you must be credit worthy => USA is AAA

Here we go again!

BLOTTO's picture

Calm before the storm.

Fan the fuckin fire faster...

Stoploss's picture

I would say blowoff top. But who cares. Let 'er go to da moon.

BLOTTO's picture

On my way to 'its a Hockey Life' store

To buy shoulder pads, full cage helmet, elbow and shin pads... and its not so i can play hockey.

Moneyswirth's picture

Whew.  That's a relief.  Because its improbale we will be getting any economic improvement

lizzy36's picture

You mean Mittens (romney) was lying when he promised to restore the US AAA, with his tax plan that merely adds $3 TRILLION to the deficit 

*full disclosure may not add $3T if US experiences FIVE years IN A ROW of +7% GDP growth.

GeneMarchbanks's picture

Nobody cares about Mittens lying seeing as after this SPR bullshit stunt he can accuse Obamanation of being a worse 'flip-flopper' than himself.

You'll get Mittens and you will like it!

hangemhigh77's picture

I hope the next time he takes a picture with his money he stuffs some in his cakehole. i think it would improve his look as the psychotic sciopthic stare with the shit eating grin is creeping me out.  Plus maybe with the hundreds stuffed in his mouth he can pose in front of some of the people he robbed and threw out on the street as he disenfrachised them and their children so he could float around on a yacht stuffing beluga caviar into is fat psyhcotic face.

ffart's picture

You mean all the GOP candidates except the one who doesn't stand a fucking CHANCE of winning are just bleached Obamao clones who believe share the same combative class warfare ideology?

hangemhigh77's picture

Banks should create another financial product but at least have full transparancy disclosure with the NEW "No Pay Loan"  Come in for a loan and if you're broke with no place to live, no job and nothing to eat the bank will give you money.  Oh wait that's called a govt school loan.  never mind