Tag Archives: Egan-Jones

Simon Black – Scam complete: the US government takes a page from Diocletian’s book…

Guayaquil, Ecuador Early in the 4th century,Emperor Diocletian issued an infamous decree to control spiraling wages and prices in the rapidly deteriorating Roman Empire. As part of his edict, Diocletian commanded that any merchant or customer caught violating the new price … Continue reading

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The Face of Tyranny

The Spanish Revolution may be just starting but the message to their “elected” officials is clear: Cuts are necessary. While our government is stealing our freedom and the fruits of our labor, most people still do not understand the simple … Continue reading

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Egan Jones Downgrades Germany From AA- To A+

The unstoppable Egan-Jones juggernaut continues: 6/26/2012: Federal Republic Of Germany: EJR lowered AA- to A+ (Neg.) (S&P: AAA) (3413Z GR) Synopsis: German chancellor Angela Merkel continues to create tension with EU member states by resisting calls for EU bonds (shared liabs.), … Continue reading

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S&P Cuts Spain to BBB+, Outlook Negative

Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in EURUSD. Oh, and most … Continue reading

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Downgrade of US Credit Rating by Egan Jones Becoming a Vendetta?

The SEC will be filing charges against Egan Jones for alleged misstatement on a four-year old regulatory application. This is another example of the administration punishing a company for not keeping in lockstep. The charges come just after Egan Jones lowered their … Continue reading

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Egan Jones Downgrades USA From AA+ To AA, Outlook Negative

The following article from Zerohedge.com foreshadows the Federal Reserve’s worst nightmare. As our credit rating declines, our interest payment on debt increases due to the risk of default. The solution is the same for Ben Bernanke for every problem: tell the … 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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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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The Crisis Is Upon Us

The debt ceiling deadline is August 2nd. The House of Representatives sent Cut, Cap and Balance legislation to the Senate and left Washington. The Senate did not approve the House bill, Harry Reid said it was now up to the … Continue reading

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Egan-Jones Downgrades US Credit Rating to AA+

Egan-Jones Rating Company is officially recognized by the Security and Exchange Commission. This company has downgraded the credit rating of the United States from AAA to AA+. Here is a statement from their site concerning their services: We aren’t particularly pretty or … Continue reading

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