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Ireland cut to junk status!
StevieJ
Posts: 20,174 Forumite
By Moody's although the other two agencies have them at 3 levels above junk. Remind me which was the one that had Lehman's at AAA just before they went bust :eek:
http://www.bloomberg.com/news/2011-07-12/ireland-is-third-euro-area-country-cut-to-junk-joining-greece-portugal.html
http://www.bloomberg.com/news/2011-07-12/ireland-is-third-euro-area-country-cut-to-junk-joining-greece-portugal.html
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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I'm sure that the UK will come under fire at some point. We're far from immune.0
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For sure For Sure
...........Not Again0 -
As is starting to be questioned - we must be looking behind the scenes here. These ratings agencies are generally American. Apart from the fact that Americans have never understood Europe [and in many cases don't know where the hell it is], they all know that USA is looking fairly 'terminal' and only by downgrading Europe, can they subsequently make USA look 'good' by comparison.0
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Loughton_Monkey wrote: »As is starting to be questioned - we must be looking behind the scenes here. These ratings agencies are generally American. Apart from the fact that Americans have never understood Europe [and in many cases don't know where the hell it is], they all know that USA is looking fairly 'terminal' and only by downgrading Europe, can they subsequently make USA look 'good' by comparison.
The US could very easily become insular and if need be self sufficient. So can afford a degree of arrogance.0 -
Thrugelmir wrote: »The US could very easily become insular and if need be self sufficient. So can afford a degree of arrogance.
What do you mean "become" insular?0 -
Some say that the US is insolvent or will be unless they fix their budget in two weeks. How come the exclusively US based credit authorities fail to comment on their national short comings ? Standard and Poos rate the US of A as AAA, pristine.
They are skint and they know they are, like many other nations.
J_B.0 -
Loughton_Monkey wrote: »As is starting to be questioned - we must be looking behind the scenes here. These ratings agencies are generally American. Apart from the fact that Americans have never understood Europe [and in many cases don't know where the hell it is], they all know that USA is looking fairly 'terminal' and only by downgrading Europe, can they subsequently make USA look 'good' by comparison.
How true! :T:TWhat do we do when we fall? We get up, dust ourselves off and start walking in the right direction again. Perhaps when we fall, it is easy to forget there are people along the way who help us stand and walk with us as we get back on track.0 -
Joe_Bloggs wrote: »Some say that the US is insolvent or will be unless they fix their budget in two weeks. How come the exclusively US based credit authorities fail to comment on their national short comings ? Standard and Poos rate the US of A as AAA, pristine.
They are skint and they know they are, like many other nations.
J_B.
Well I'm quite glad for them to keep on kidding themselves 'cos when the're p***ed they just start another war :eek::eek:What do we do when we fall? We get up, dust ourselves off and start walking in the right direction again. Perhaps when we fall, it is easy to forget there are people along the way who help us stand and walk with us as we get back on track.0 -
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