A Week After Madeira-Gate, Moody's Downgrades Them to B3

Tyler Durden's picture

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frugartarian's picture

Contagion in 3...2..1..

Yamaha's picture

Hold on to your butttttttts! When they recognize it - we are all f_____ed!

JailBank's picture

Wait I thought the Brenanke said that soveign debt was contained two years ago? Oh shit son looks like all SHTF!

Global Hunter's picture

Greece going to be well pissed off if Madeira takes this ship down!

knukles's picture

What with no austerity packages to take.
Yooo hoo!  We're home!

knukles's picture

Sell it to Greece and contain the contagion.

(Sounds like a next EuroVision Song Contest Winner: "Contain the Contagion")

The Fonz...before shark jump's picture

Wow Moody's has a lot of balls when it's a little island.... The cowardly bully afraid to give a proper rating to the USA

knukles's picture

Every country is an island.

Every island needs a village.

Every village has its idiot.


Lucky us.
(wheezing sounds)

Mallenet's picture

Hey - takes one to know one!

Glad to know there is another one here: I was feeling lonely until you came along!

Blorf's picture

Well, that does it! No more Spanish autonomous region bond ETFs for me. My broker at GS said the symbol was FXE and was a "sure bet".

wannabe traitor's picture

flying into and from their airport is one hell of a RUSH!

Captain Willard's picture

Yes it is!

But that runway and new airport were not cheap. And neither was the causeway from the airport to Funchal (dug through solid rock much of the way).

Now we know where some of the money went anyway.

At least the Madeirans got a new ariport out of all of it. In America we spent $800 Billion and not a single fucking thing has gotten built. But the Oval Office got re-decorated. So that's something I guess.

jeff montanye's picture

you make an excellent point.  your spending figure may possibly understate things by a power of ten or so.

FOC 1183's picture

two words: fortified booze

Alvaro de Esteban's picture

Wait and see what´s hidden in Spain...

But not so sure that the future government will have the balls of telling the truth

Has Mr. Draghi a holiday home in the island???

navy62802's picture

I visited Madeira Island on my last deployment. Very pleasant place to visit if you ever get the chance.

PulauHantu29's picture

"Anomaly"..like Enron's "anomalies."

mynhair's picture

Crap, I luv a good Madeira.

Doesn't store well, tho.

Prolly cuz Iz drinks it.


RobotTrader's picture

If Moody's downgrades Uncle Gorilla Bonds, then the 30-yr. yield is most certainly going to go to 2.1% and the 10-yr. to 0.90%

mynhair's picture

Your ratings don't affect you, do they?  So why should others matter?

riley martini's picture

 The 30 y is going to $155 downgrade or not via the Twist.

 No one cares about the yield they are just trying to time the top 155 or 165.

zorba THE GREEK's picture

This is disgusting, misreporting their debts. Are the Greeks the only honest people left?

Sequitur's picture

Does this have anything to do with Cheesecake Factory's Chicken Madeira?


jdelano's picture

Just got done watching Tom Keene interview lagarde. Going by her body language, either her bowels released right before the interview began or her anxiety level is a notch above un-sedated schizophrenic. Stunning to consider that the burden of saving the world rests on literally a half dozen shoulders. Don't see how they can possibly pull it off. We're fucked.

Mallenet's picture

She is French - a land where a bottom-burp translates to 'I love you, or I would never have released in front of you': and that is why they have so many screwed up relationships with farm animals!

Edward Fiatski's picture

EUR at 1.3 by next week's end.

P.S. Lots of news not being priced in lately, let's see if reality sets in this Friday, though there's a chance of a sucker's rally into the weekend on Hopium - excellente fade grandeur.

Buck Johnson's picture

Everyone is starting to figure out that the nations are hiding and lying their debt in order to look good.  When in reality they are insolvent as hell.

Mallenet's picture

Jersey (the original one, not the one we sold to America) has a population of close to 25% 'Portugues' - most from the island of Madeira.  Did you see the movie 'Scare-Face': same deal - they unloaded drug dealers and we got 'cheap' labour for hotels and restuarants.  Now 80% of crime is reported with names that are not local, not English or French: they are all Portugues.  Rape, Murder, Drugs, Protitution - simple beatings - all the same 'nationality'!  People who have lived in an island of 85,000 population know no English after 30+ years!  Their children (educated for 20 years for free) sound like illegal boat people!  Then the Polish workforce comes and speak perfect English, do a great job, want to work and are victimised by who: Madeiran's!

Madeira is Cuba - without a reason to be!  People of Madeira are thieves, drug lords, people trafficers and child molesters: I want to shot them all on sight!

But hey - I like killing animals!

Edward Fiatski's picture

Fucking piece o chit cockaroaches and their motherfucking debts.

celticgold's picture

hey mallenet , FYI the cubans are one of the most honest , hard working , healthy, happy and law abiding populations on the planet , AND the women are HOT , so back off buddy!

Mallenet's picture

BUT - I have a little friend, do you want to meet my little friend!

Only Al can make having a small one sound big!

Mallenet's picture

Cheers Pal, you just educated me: I always thought Cubans were sweaty, lazy and Cigar rolling drug dealers - just goes to show how wrong I can be: please do not take my investment advice, comments or even opinions as fact, I will probably be just as wrong!  I hope you and your family remain free of man made hell for as long as is possible!

Zaphod B.'s picture

          Madeira   =   Made IRA

Mallenet's picture

How wrong you are: USA Funded IRA bombings of shopping centres for 30 years until USA got Bombed by terrorists = British women & children x 30 years matter less than American Bankers in Twin Towers x 1 time (simple math)!

Mallenet's picture

And lets face it - today if you kill a banker you are qualified as a pest controller!

The Fonz...before shark jump's picture

Plus 1 for MallenetLol well said but I would add regulators, the fed, bureaucrats, rating agencies, politicians, analysts and Timothy Geitner

Mallenet's picture

Ta for the compliment - but your list is shorter than my 'dream' - you only deal with an area that is the United Supporters (of mafia) America: my view is global: places where a bullet (death) is welcome, food is unexpected and humanity - of any kind - is not even a dream.

But I have seen some of that in the "us of a" (small caps intended), so go home and fix what you can: the rest of the world will do well without your ignorance.  When you learn to learn, give us a call - we may even answer!