Tag Archives: Downgrade

Gold Celebrates America’s Three Month Can Kicking, Soars

Remember that persistent seller of epic amount of gold futures contracts, whose dumps have resulted in two NYMEX shutdowns in the past month alone, and whose daily tape bombing is now watched carefully by all (even the CFTC’s Bart Chilton … Continue reading

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S&P Downgrades Berkshire From AA+ To AA, Outlook Negative

Obviously with Buffett a major shareholder of Moody’s, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which it is being targeted by Eric … Continue reading

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Moody’s Downgrades 12 Spanish Sub-Sovereigns, 2 Gov-Related Entities

Moody’s Investors Service downgraded 12 Spanish sub-sovereign ratings and two Spanish government-related entities to reflect its recent downgrade of the country’s sovereign debt rating. Eight regional and local governments and four related issuers were affected. The ratings of three other … Continue reading

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Moody’s Downgrades Six German Bank Groups, And Their Subsidiaries, By Up To Three Notches

From Zerohedge.com: First Moody’s cut the most prominent Austrian banks, and now it is Germany’s turn. The full downgrade Matrix: Frankfurt am Main, June 06, 2012 — Moody’s Investors Service has today taken various rating actions on seven German banks … Continue reading

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The Consequences of Growth Over Austerity

Obama’s plan for an economic recovery in Europe is simple: abandon austerity measures and concentrate on growth. The real message is “everything will be fine after the next election: just kick the flexible can down the road”. Sentient people know … Continue reading

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Egan Jones Downgrades Germany From AA To AA-

Sean Egan strikes again, this time downgrading Germany from AA to AA-.  Germany maintains its position as the European Union’s top economy. However, Germany has been shouldering the burdens of other EU countries via its exposure to the EFSF and … Continue reading

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This Won’t Be Pretty on Monday Morning

Will this be the last straw to decouple gold from the stock market? Unless some very strong measures are finalized over the weekend, next week’s financial markets may become a bloodbath. David DeGerolamo S&P Cuts Credit Ratings for Nine Euro … Continue reading

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France Downgraded by Egan Jones

The French credit downgrade has been postponed almost as long as the United States’ downgrade has been postponed. Expect to see S&P’s downgrade of France next. Moody’s seems to be playing politics with their downgrades but then Warren Buffet is … Continue reading

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U.S. Stock Futures Extend Losses After Italy Cut

S&P Downgrades Italy; Euro, Futures Tumble The negative outlook reflects Standard & Poor’s view of risks to the Italian government’s fiscal targets over 2011-2014, as well as the uncertainties on the timely implementation of growth-enhancing reforms. In our view, these … Continue reading

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Italy Downgraded by Standard & Poor’s

While the media has focused the world’s attention on the economic collapse of Greece, Standard & Poor’s has downgraded Italy’s credit rating. If Italy falls, the exposure to France’s banking institutions will affect the entire European Union. David DeGerolamo Italian downgrade … Continue reading

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