• Phoenix Capital...
    07/09/2014 - 13:00
    The Fed and its policies have warped the culture of capitalism to the point that we now exist in a Centrally-Planned nightmare in which a handful of academics influence the economy and world reserve...

Portugal

Tyler Durden's picture

Downgrade Watch: First Greece, Then Spain, Now Portugal... Make it Stop





Well, can't say we didnt see it coming. Portugal was downgraded with impunity by S&P from AA- to A+ on the belief that "the government's structural reform measures relating to the economy and public finances have proven insufficient to bring about convergence with the 'AA' peer group." And what a high quality peer group it is.

 
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