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FTSE100 falling fast!
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Rumours on the markets in London (just reported on Sky) that France is about to lose its AAA rating.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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vivatifosi wrote: »Rumours on the markets in London (just reported on Sky) that France is about to lose its AAA rating.
Probably some hedgie shorting the market, starting a rumour... :cool:
More likely due to the realisation that the US economy might be heading back into a recession
http://www.bbc.co.uk/news/business-14472079
[edit]
Reuters:Standard & Poor's, which cut its U.S. credit rating by a notch to AA-plus on Friday, said on Tuesday it considers the rating outlook for France to be stable.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Staying in recession more like :eek:
The rating agencies should just downgrade everyone in one go, and then we can get on with our lives.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Ark_Welder wrote: »Probably some hedgie shorting the market, starting a rumour... :cool:
Reported on bloomberg that the rumour is that a major french bank is selling off its gold reserves and is about to announce it's insolvent.
French PM been in meetings all afternoon.
Will have to see what goes on. If a major bank IS insolvent, 2008 here we come.0 -
Ark_Welder wrote: »Probably some hedgie shorting the market, starting a rumour... :cool:
More likely due to the realisation that the US economy might be heading back into a recession
http://www.bbc.co.uk/news/business-14472079
[edit]
Reuters:
France shouldn't be AAA anyway, it can't even print its own currency, also CDS rates are high.'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 Thatcher0 -
Reported on bloomberg that the rumour is that a major french bank is selling off its gold reserves and is about to announce it's insolvent.
It would only be a surprise if a Bank announced that it was solvent.
There aren't many around nowadays :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
France shouldn't be AAA anyway, it can't even print its own currency, also CDS rates are high.
Perhaps this is something that you should raise with S&P?Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Ark_Welder wrote: »Perhaps this is something that you should raise with S&P?
It is not only France.'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 Thatcher0 -
Those stress tests the other week were a bit rubbish thenGraham_Devon wrote: »Reported on bloomberg that the rumour is that a major french bank is selling off its gold reserves and is about to announce it's insolvent.
French PM been in meetings all afternoon.
Will have to see what goes on. If a major bank IS insolvent, 2008 here we come.
Just walked my trading floor. No more excitement than usual.0
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