Author Topic: Credit Downgrade #2  (Read 1257 times)

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charlesoakwood

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Credit Downgrade #2
« on: October 22, 2011, 06:01:19 PM »

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In an analyst note, Bofa/ML Ethan S. Harris drops a bit of a bombshell prediction:

We expect a moderate slowdown in the beginning of next year, as two small policy shocks—another debt downgrade and fiscal tightening—hit the economy
...
Hence, we expect at least one credit downgrade in late November or early December when the super Committee crashes.


What a wrinkle. Or is it a wave?



Offline AlanS

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Re: Credit Downgrade #2
« Reply #1 on: October 22, 2011, 06:50:19 PM »

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In an analyst note, Bofa/ML Ethan S. Harris drops a bit of a bombshell prediction:

We expect a moderate slowdown in the beginning of next year, as two small policy shocks—another debt downgrade and fiscal tightening—hit the economy
...
Hence, we expect at least one credit downgrade in late November or early December when the super Committee crashes.


What a wrinkle. Or is it a wave?

A wave of tidal proportions.
"Malo periculosam, libertatem quam quietam servitutem."

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Offline Dan

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Re: Credit Downgrade #2
« Reply #2 on: October 22, 2011, 08:06:42 PM »
MOre and faster. Keep downgrading. Soerto going after the ratings agencies will be quite a sight.
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist

Offline BMG

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Re: Credit Downgrade #2
« Reply #3 on: October 22, 2011, 08:52:22 PM »
Yeah, I'm of the belief that our already crippled economy is going to fall into a tailspin of depression in the very near future. Even without the troubles of the EU weighing us down we'd still be in serious danger of entering a depression I think - mostly due to the efforts of the democrat party too (I'd estimate about 75% of the blame is on them and 100% of the blame falls squarely upon the progressives that inhabit both parties).

So, after having just said that I'm afraid that the serious danger of entering a depression I just mentioned becomes an almost certainty when you factor in the wobbling EU. If the EU crashes, and it looks like it is certainly headed that way, we're going to be dragged down with it and the landing at the bottom is going to be anything but soft.

So though a part of me is glad that this is happening when it is so very obvious that it was done mostly by democrats - because that will spell certain disaster for a very VERY long time for the democrat party - it is also going to be extremely bad for the country (and not just our country either - it's going to affect the entire world; I'm afraid our future is destined to consist of worldwide conflict and poverty for a lengthy period of time because of this). By extremely bad I mean that it's going to make the depression of our grandparents look like good times in comparison.  

Yeah, leftism in action yet again - I'm suddenly reminded of the 50-odd million that died as a result of Mao Zedong's 'Great Leap Forward'.

That is of course, just my opinion btw.
« Last Edit: October 22, 2011, 08:57:41 PM by BMG »
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Offline John Florida

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Re: Credit Downgrade #2
« Reply #4 on: October 22, 2011, 09:16:11 PM »
MOre and faster. Keep downgrading. Soerto going after the ratings agencies will be quite a sight.

 Barry will terorize them into not doing it,but the market will rat him out.
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charlesoakwood

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Re: Credit Downgrade #2
« Reply #5 on: October 23, 2011, 08:26:29 PM »

Smart ass Financial Times has an article about how the Treasury has come up with a "new" security that has a "floating" value.   Hey, this sounds like another Timmy Bright idea, we ought to go out and buy a bunch. 

Note: If you want to read it link from Drudge and it works.

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Online Libertas

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Re: Credit Downgrade #2
« Reply #6 on: October 24, 2011, 07:08:12 AM »

Smart ass Financial Times has an article about how the Treasury has come up with a "new" security that has a "floating" value.   Hey, this sounds like another Timmy Bright idea, we ought to go out and buy a bunch. 

Note: If you want to read it link from Drudge and it works.

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High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/0cf3791e-fbfd-11e0-b1d8-00144feab49a.html#ixzz1bf5NI5v1




OMG, do they really think they can find enough morons to buy some Hopey-Changey T-Floaters?!  Where (outside of the democrat party) can you find people with money dumb enough to buy this scat?  Plus, is this an admission that rates will have to come up?  What do they think purchasers of normal paper are going to do?

 ::hysterical::
We are now where The Founders were when they faced despotism.