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S&P Warns "Prospect Of European Double Dip Looking More Likely"

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Tue, 10/04/2011 - 12:35 | 1737578 GeneMarchbanks
GeneMarchbanks's picture

is

Tue, 10/04/2011 - 12:37 | 1737589 redpill
redpill's picture

They never left the first "dip", they just had illusory statistics that claimed so, backed by nearly unlimited funding from the US Federal Reserve

Tue, 10/04/2011 - 12:41 | 1737603 Long-John-Silver
Long-John-Silver's picture

Full Blown Economic Depression is obvious

Tue, 10/04/2011 - 16:05 | 1738580 Let them all fail
Let them all fail's picture

Its sure annoying when people reply to comments at the top of dialogue but actually are not replying to the comment at all, rather just trying to get their comment towards the top...makes the flow of conversation quite tough to follow...ugh

Tue, 10/04/2011 - 12:42 | 1737613 GeneMarchbanks
GeneMarchbanks's picture

the S&P site up and running? Retards....

Tue, 10/04/2011 - 12:48 | 1737633 midtowng
midtowng's picture

Exactly what I was thinking.

It's like being neck deep in water and saying, "I think the boat is sinking."

Tue, 10/04/2011 - 13:05 | 1737709 Ruffcut
Ruffcut's picture

The final cliffdive is also possible. But I doubt that. THe next dip is opportunity for insiders.  There is a ton of cash raising possibility with ponziing the market. Please, don't forget that........

Tue, 10/04/2011 - 13:19 | 1737743 Zero Govt
Zero Govt's picture

this is about as early a call as an idiot can get ..what will S&P do next, call midnight at 6am next morning!

Tue, 10/04/2011 - 12:35 | 1737579 Racer
Racer's picture

as they are so timely in their ratings and reviews...

this confirms that all of the EU is now mired in a deep depression

Tue, 10/04/2011 - 12:35 | 1737582 LawsofPhysics
LawsofPhysics's picture

What a tangled web has been weaved. How can Europe contract without taking the U.S. with it?  Damn this finite planet and its finite resources.  

Tue, 10/04/2011 - 12:51 | 1737616 The Limerick King
The Limerick King's picture

 

 

The global depression is on

All market growth soon will be gone

All the green shoots

Have been trampled by boots

An end to the world's biggest con

Tue, 10/04/2011 - 12:58 | 1737683 Al Huxley
Al Huxley's picture

Wow, you really are the Limerick King - Kudos.

Tue, 10/04/2011 - 12:38 | 1737585 Edward Fiatski
Edward Fiatski's picture

Downgrade of France is nuclear holocaust. Literally. Prepare the bombers for take off... we need some physical, KINETIC stimuli - I want people running for their fucking lives, digging trenches, assembling WAR MACHINES in order to survive - best recovery we could ever dream of, I shed a tear of joy at the imagery.

Tue, 10/04/2011 - 12:49 | 1737637 Confused
Confused's picture

I believe you forgot the </sarc>.

 

If not. I now know whose comments to ignore.

Tue, 10/04/2011 - 12:54 | 1737666 Edward Fiatski
Edward Fiatski's picture

Oh, no, no, no, no, no, no. If people are too stupid to get bent over by extortionist looting, thus sacrificing the future of their children, surely, they will buy whatever is being sold by the same banks in terms of War scenarios.

Tue, 10/04/2011 - 13:24 | 1737777 LawsofPhysics
LawsofPhysics's picture

Don't wake the sheep.  Besides, what does France have that any other countries want?  I doubt the trenches will be dug in France, unless it is better to drink wine, eat cheese, and make love in them.  Wars will continue to be about resource allocation, the song remains the same with a notable crescendo.

Tue, 10/04/2011 - 13:30 | 1737801 Edward Fiatski
Edward Fiatski's picture

Aha! But I didn't mention France as the main theatre; we load the unemployed peasantry into cargo planes and send them... somewhere, where there's a lot of unemployed peasantry with no prospect of work - China!

Tue, 10/04/2011 - 13:40 | 1737840 Confused
Confused's picture

Certainly you forgot the </sarc>.

Tue, 10/04/2011 - 15:12 | 1738263 english serf
english serf's picture

Cheese eating surrender monkeys! Fuck the french

Wed, 10/05/2011 - 05:56 | 1740433 swiss chick
swiss chick's picture

I hope god hears you...

Tue, 10/04/2011 - 13:38 | 1737832 Confused
Confused's picture

Your comment suggests you took no part in the system.

 

Like all the other Johnny-come-lately's posting that claim they had no part, I suggest you take a long hard look at your comment.

Tue, 10/04/2011 - 13:41 | 1737845 Edward Fiatski
Edward Fiatski's picture

I indeed took no part in the scam due to my inability to take on huge debts because of my age at the time, and now I would like to see at least one of the parties hanged, burned, quartered - no matter, for the current predicament the world is in.

Fortunately, I know how the story ends. :)

Tue, 10/04/2011 - 14:01 | 1737924 Confused
Confused's picture

No mortgage?

No credit cards? (regardless if you keep a balance)

No student loans? (Let me guess, you worked two jobs full time to make it through college)

 If you answered yes, you fed the system. Thus you were a part.

I too would like to see someone responsible for the truly horrible things be held accountable. But your comments suggest something else.

You know how it ends? Then please share.

Tue, 10/04/2011 - 14:06 | 1737941 Edward Fiatski
Edward Fiatski's picture

You're here for the message, not the messenger's personal life story, and I've given you the satirical re-cap of how it ends.

Tue, 10/04/2011 - 12:41 | 1737604 SILVERGEDDON
SILVERGEDDON's picture

Rocket scientists think if they take down the Euros, U.S. dollar will quit sliding, and they can short the shit out of all things Euro to make up for no bonuses at year end. Short sighted motherfuckers will tear down the world for a few bucks in their jeans now. " Macro economics? We don't need no steeenking macro economics! " Google " The goose that laid the golden egg " Real world economic theory study 101.

Tue, 10/04/2011 - 12:41 | 1737605 slaughterer
slaughterer's picture

S&P: a bear's best friend.  Hugs and gold for S&P from ZH.

Tue, 10/04/2011 - 12:41 | 1737607 Shizzmoney
Shizzmoney's picture

C'mon, just crash already.  We can't go up until we hit rock bottom here.

Tue, 10/04/2011 - 12:42 | 1737610 r101958
r101958's picture

Term: 'double-dip' = the most disingenuous term created.

Tue, 10/04/2011 - 12:42 | 1737615 slaughterer
slaughterer's picture

S&P: same probability rating (40%) as Jan the Hat.  Shows you who is still king of Wall Street. 

Tue, 10/04/2011 - 12:43 | 1737618 oogs66
oogs66's picture

french downgrade coming...

Tue, 10/04/2011 - 12:46 | 1737626 r101958
r101958's picture

Current rally funded by paper PM sell-off .......again.

Tue, 10/04/2011 - 12:47 | 1737631 doomandbloom
doomandbloom's picture

S&P will not exist in a few months time ( the ratings side of the business)

If there is no rating agency, will their downgrade count as a downgrade?

Tue, 10/04/2011 - 12:49 | 1737638 Nascent_Variable
Nascent_Variable's picture

The situation in Germany vividly illustrates the problems of globalization and centralization.  On its own, Germany weathered the crisis quite well.  Its fundamentals are stronger than any other western nation.

Now, because it tied its economic present and future to the eurozone, it will end up leading the way to a double dip.  Centralization and globalization brings down strong economies and turns weak ones into parasites, all for the advantage of the banksters and their cronies.

Tue, 10/04/2011 - 12:51 | 1737643 Edward Fiatski
Edward Fiatski's picture

"MOODY'S PUTS DEXIA MUNI AGENCY COVERED BONDS ON DOWNGRADE REVIEW"

Lehmanesque.

Tue, 10/04/2011 - 12:56 | 1737674 Dick Darlington
Dick Darlington's picture

Look at DEXMA's "assets" from here. Creeps the hell out of me...

http://www.dexia-ma.com/docs/en/actifs_30-06-2011.pdf

Tue, 10/04/2011 - 12:54 | 1737646 Dick Darlington
Dick Darlington's picture

10-04 12:03: Irish budget deficit (Sep) EUR20.6bln vs. EUR 13.4bln a year ago

Oops! And S&P STILL keeps Ireland and Portugal in "investment grade" ratings. Unbelievable... Btw, Portugal and Spain are badly missing their budget targets according to the latest figures.

I doubt they have balls to downgrade France because they know what it means for the monster CDO.

But maybe they will downgrade Belgium now that it's proven twice that Dexia has no clothes. Belgium was put on watch for dg LAST december so it's about time to finally make the move.

Tue, 10/04/2011 - 12:56 | 1737675 lapedochild
lapedochild's picture

What is currently levitating the S&P?

Tue, 10/04/2011 - 13:00 | 1737689 Edward Fiatski
Edward Fiatski's picture

No volume post-bernanke opiate withdrawal, usually followed by the bliss of free-fall.

Tue, 10/04/2011 - 13:15 | 1737748 Al Huxley
Al Huxley's picture

The intraday - "thank god the selling's finally stopped and my account balance has stopped dropping and if it just gets back to 1120 I'll close out my position" head-fake.

Tue, 10/04/2011 - 13:10 | 1737729 SheepDog-One
SheepDog-One's picture

Bankers and rating agencies definition of recession- 'The bankers are in trouble and out of ways to scam and skim off the top for themselves'...thats a 'recession' in those peoples eyes.

Tue, 10/04/2011 - 13:11 | 1737732 PulauHantu29
PulauHantu29's picture

Weak euro os working in their favor.

300,000 unskilled refugees flooding in from North Africa working against them...as well as causing soaring violent crime I read.

Tue, 10/04/2011 - 13:15 | 1737746 ivars
ivars's picture

European is sure but they will try to devaluate/default themselves out during next years, may be 2013 already? While USA is Certain with no option to devaluate until 2015. 3 full crisis years.

Tue, 10/04/2011 - 13:26 | 1737786 vast-dom
vast-dom's picture

And by Janus and other miracles NASDAQ somehow in green???

 

Pass me some of that Jesus Juice and I'll eat my iPhone5 for some market transubstantiation!

Tue, 10/04/2011 - 13:27 | 1737791 clones2
clones2's picture

S&P = "Captain Obvious"

Tue, 10/04/2011 - 13:41 | 1737846 IH10
IH10's picture

Don't they mean massive depression?  Has "recession" become the new euphemism for economies falling into the depths of hell?

Tue, 10/04/2011 - 14:40 | 1738098 ivars
ivars's picture

Most likely only by the end of October DJIA will be stable under 10000. It is not a collapse that is happening today, just the unwinding of effects of QE2. Predictable since beginning of QE2:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=0#p30485

The mistake in this February 6th chart today is 0%. Its spot on within the thicknes of the line I used to draw it.

However, long term picture with deflationary recession in the USA does not look good for DJIA stocks nor recession:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...

So its deflationary recession  till end of 2014 ( I have longer term predictions, just finetuning them, up to 2015).

After that , in 2015 the USA default on debt, and inflation. That might help to go out of recession, might cause ( even before the default) some wars.

The interesting thing now for me is to predict how much and when vs, what currencies USD will appreciate (EUR, GPB, RUB, YEN YUAN? ) , meaning that those currencies will buy less and less oil. Will they tolerate it or try to increase the values of  their currencies somehow (e.g. China moving to silver standard?)

More on currency rate forecats  later. Clearly , USD will appreciate almost against every currency in 2012-2014, being a reserve currency and mother of the USA debt that pays for everything.  It has already started.

Tue, 10/04/2011 - 15:41 | 1738414 parch702
parch702's picture

And what flavors would you like on the double dip?

Tue, 10/04/2011 - 21:36 | 1739803 saiybat
saiybat's picture

Then it'll be a triple dip recesssion and quadruple dip recession. Whatever euphemisms they can come up with in place of depression. If the Mad Max shit happens they'll call it austerity.

Wed, 10/12/2011 - 12:20 | 1766121 karmete
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