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Moody's DOWNGRADES most of Europe

Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Watch your investments in mutual funds and bonds that have investments in international companies, sovereign bonds, etc. Moody's just downgraded much of the civilized world!

Moody's actions can be summarised as follows:

- Austria: outlook on Aaa rating changed to negative

- France: outlook on Aaa rating changed to negative

- Italy: downgraded to A3 from A2, negative outlook

- Malta: downgraded to A3 from A2, negative outlook

- Portugal: downgraded to Ba3 from Ba2, negative outlook

- Slovakia: downgraded to A2 from A1, negative outlook

- Slovenia: downgraded to A2 from A1, negative outlook

- Spain: downgraded to A3 from A1, negative outlook

- United Kingdom: outlook on Aaa rating changed to negative​

Greece is already burning. Portugal or Italy may be next. Spain was dropped 2 places. The US is at the end of this row of dominos that will likely fall under the weight of socialism's debt.
 
squerly

squerly

Supported Ben Carson
GOLD Site Supporter
Just who the hell are we supposed to borrow money from if everybody is broke?
 
Kane

Kane

New member
Tell me what's up with Japan? Japan's debt, even prior to the disaster, has been a chronic 200% GDP. But I don't see the same gnashing of teeth. WTF?
 
Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Kane said:
Tell me what's up with Japan? Japan's debt, even prior to the disaster, has been a chronic 200% GDP. But I don't see the same gnashing of teeth. WTF?
Click to expand...

Actually Japan was downgraded over a decade ago.

In fact they have been so depressed they call it The Lost Decade in the financial papers when referring to Japan.
 
Kane

Kane

New member
Melensdad said:
Actually Japan was downgraded over a decade ago.

In fact they have been so depressed they call it The Lost Decade in the financial papers when referring to Japan.
Click to expand...
They already call 2000-2010 America's lost decade. And if you don't believe it, just have a look at your 401K statement. But Japan's upside down numbers just go on and on. How does the yen stay so relatively strong?
 
300 H and H

300 H and H

Bronze Member
GOLD Site Supporter
Counter point,

As their credit ratings fall around the world, our rating gets better realative to the rest. I just hope ours doesn't get any worse????

Regards, Kirk
 
Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
300 H and H said:
Counter point,

As their credit ratings fall around the world, our rating gets better realative to the rest. I just hope ours doesn't get any worse????

Regards, Kirk
Click to expand...

Counter-Counter Point: The main buyer of US debt is now selling US debt. While our rating may, in a relative sense, be looking better compared to much of Europe, that is like saying its better to drive over a cliff in a luxury car instead of an economy car. The ride down may be nicer but you still die.
 
waybomb

waybomb

Well-known member
GOLD Site Supporter
The only good thing about this euro crap is the exchange rate pln= x is very good right now, so the monthly money I send to Poland for the free healthcare for my m.i.l. is much cheaper.
 
Kane

Kane

New member
Melensdad said:
Counter-Counter Point: The main buyer of US debt is now selling US debt. While our rating may, in a relative sense, be looking better compared to much of Europe, that is like saying its better to drive over a cliff in a luxury car instead of an economy car. The ride down may be nicer but you still die.
Click to expand...
Exactly. And once the woes of Europe (and the Euro) are quantified, the USD will be under assault. Got gold?
 
FrancSevin

FrancSevin

Proudly Deplorable
GOLD Site Supporter
Melensdad said:
Counter-Counter Point: The main buyer of US debt is now selling US debt. While our rating may, in a relative sense, be looking better compared to much of Europe, that is like saying its better to drive over a cliff in a luxury car instead of an economy car. The ride down may be nicer but you still die.
Click to expand...
Which brings me to a serious question.

If the GOP had us inthe ditch,and now Bari & the Left are driving the bus,,,,,,we we not better off in the ditch?
 
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