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| Europe |
| Moodys Downgrades more Euro debt |
| 2012-02-14 |
| 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 |
| Posted by:Steve White |
| #7 I'd suggest not wasting taxpayers cash trying to keep down the low affordability of housing... |
| Posted by: Bright Pebbles 2012-02-14 18:41 |
| #6 You know that a falling dollar is a pay cut for Americans? Americans are (and will be) paying for the bad debts of the FIRE industry through their falling standard of living. Realistically, pay cuts for Americans seem inevitable under ANY likely scenario, given the current economic situation. The only way through is DOWN. The question is, which path through will cause the least amount of destruction? |
| Posted by: Anguper Hupomosing9418 2012-02-14 14:34 |
| #5 You know that a falling dollar is a pay cut for Americans? |
| Posted by: Bright Pebbles 2012-02-14 09:25 |
| #4 IMO the best thing that could happen to the US economy is the USD crashes. Basically all the industries that went offshore get repatriated. |
| Posted by: phil_b 2012-02-14 08:43 |
| #3 I thought you'd(Yanks) already got a downgrade. |
| Posted by: Bright Pebbles 2012-02-14 06:29 |
| #2 And who, Besoeker, do you think is going to play this correctly? President Mittens, maybe? |
| Posted by: Bobby 2012-02-14 06:06 |
| #1 All of which COULD mean opportunity and increased stability for the US market if things are played correctly. Regardless of what is said in Washington, we are NOT inextricably tied to these losers, but we can certainly learn from them. |
| Posted by: Besoeker 2012-02-14 03:41 |