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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
Posted in Domestic Enemies, Editorial, Energy
Tagged Egan-Jones, Simon Black
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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
Posted in Civil Unrest, Editorial
Tagged Egan-Jones, NC Renegade, Tyranny
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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
Posted in Editorial, Financial
Tagged Egan-Jones, NC Renegade, Spain, Standard & Poor's
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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
Posted in Editorial, Financial
Tagged Egan-Jones, NC Renegade, SEC, Standard & Poor's
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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
Posted in Editorial, Financial
Tagged AA, Economic Collapse, Egan-Jones, NC Renegade
Comments Off on Egan Jones Downgrades USA From AA+ To AA, Outlook Negative
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
Posted in Editorial, Financial
Tagged Downgrade, Egan-Jones, Germany, NC Renegade, Zerohedge
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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
Posted in Editorial, Education, Financial
Tagged Downgrade, Egan-Jones, France, French, NC Renegade
2 Comments
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
Posted in Editorial, Financial
Tagged debt ceiling, Economic Collapse, Egan-Jones, NC Renegade, Standard & Poor's
Comments Off on The Crisis Is Upon Us