Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by g(r)omgoru 2012-06-14 03:56||
#2 Financial bail-outs have a negative effect on credit ratings. Who knew ?
Posted by Besoeker 2012-06-14 04:11||
#3 One more notch of downgrade and banks can't use them as part of their asset base, and of necessity sell all of them.
Truly a train wreck in slow motion.
Posted by phil_b 2012-06-14 05:45||
#4 The real rating should be ZZZ----
Black Hole Grade.
All the banks are basically insolvent.
Posted by Bright Pebbles 2012-06-14 05:54||
#5 They said it wasn't nearly enough. They need that Holland boy to plug some holes in their dikes.
Posted by Dale 2012-06-14 06:55||
#6 pulled most of my 401K money left in Janus Overseas Fund (JAOSX) this Spring. I see bad things abroad, and no real chance the PIGS+ will make the tough decisions (see: France) for an adult path correction. Before 2008, Janus kicked ass.
Posted by Frank G 2012-06-14 11:10||
#7 The architects of the EMU and the euro asserted that one goal was to "counterbalance" the US and the dollar. In fact, the whole mess was predicated on, assumed, and required continued US strength and growth.
Some counterbalance, that can't hold itself up. I doubt there will be any Marshall Plan this time guys, sorry.
Posted by RandomJD 2012-06-14 13:52||