Tag Archives: Standard & Poor’s

S&P Cuts Spain to BBB+, Outlook Negative

Posted on April 26, 2012 by DRenegade

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?

Posted on April 20, 2012 by DRenegade

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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S&P may have just killed the European sovereign market

Posted on January 13, 2012 by DRenegade

Stick a fork in it, the eurozone as we know it is done S&P may have just killed the European sovereign market by saying out loud what only “fringe bloggers” dared suggest in the past Here are the key take … Continue reading →

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This Won’t Be Pretty on Monday Morning

Posted on January 13, 2012 by DRenegade

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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The Dominoes Are Falling

Posted on November 27, 2011 by DRenegade

The following articles have been written in the past week: Standard & Poor’s Lowers Belgium’s Credit Rating The Standard & Poor’s credit rating agency has lowered Belgium’s long-term credit rating from AA+ to AA- with a negative outlook. S&P said … Continue reading →

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U.S. Stock Futures Extend Losses After Italy Cut

Posted on September 19, 2011 by DRenegade

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

Posted on September 19, 2011 by DRenegade

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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Eric Holder Is Playing With Fire

Posted on August 18, 2011 by DRenegade
http://www.youtube.com/watch?v=_MGT_cSi7Rs”>httpv://www.youtube.com/watch?v=_MGT_cSi7Rs

The Department of Justice has launched an investigation of Standard & Poor’s concerning the rating of mortgage securities packaged by Wall Streets firms and sold around the world. This is political retribution for their downgrade of the United States to … Continue reading →

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Russia Is Not Letting a Crisis Go to Waste

Posted on August 6, 2011 by DRenegade
http://www.youtube.com/watch?v=jERhPMzqSaE”>httpv://www.youtube.com/watch?v=jERhPMzqSaE

The following video from Russia Today is the beginning of an effort to destabilize our government and consumer confidence. httpv://www.youtube.com/watch?v=jERhPMzqSaE What part of their analysis do you disagree with? When we sow politicians instead of leaders in our government, we will … Continue reading →

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The Consequences of Standard & Poor’s Credit Downgrade

Posted on August 6, 2011 by DRenegade

Foxnews is reporting how the Republicans running for their party’s nomination are reacting to the downgrade of the United States by Standard & Poor’s: GOP Presidential Contenders Pile on Obama for Historic Credit Downgrade While the announcement late Friday wasn’t … Continue reading →

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Why Would Standard & Poor’s Change Its Position on Our Credit Rating?

Posted on July 28, 2011 by DRenegade
http://www.youtube.com/watch?v=SeldwfOwuL8″>httpv://www.youtube.com/watch?v=SeldwfOwuL8

As outlined in an earlier article, Standard & Poor’s statement on July 14th required verifiable spending cuts of $4 trillion in order to maintain our nation’s triple A credit rating. Although all debt ceiling plans currently in play do not address … Continue reading →

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Standard & Poor’s Statement on the Credit Rating of the United States

Posted on July 26, 2011 by DRenegade
http://www.youtube.com/watch?v=BhOUw0jO0gg”>httpv://www.youtube.com/watch?v=BhOUw0jO0gg

The following video from Standard & Poor’s explains their position for downgrading the United States’ credit rating within the next 90 days. httpv://www.youtube.com/watch?v=BhOUw0jO0gg Keep in mind that they expect the debt ceiling to be raised and this is not a factor … Continue reading →

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The Crisis Is Upon Us

Posted on July 22, 2011 by DRenegade

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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