On December 5th 2011, S&P warned the Europeans to get their divided house in order. Almost nothing constructive or helpful to solve Europe’s debt problem has happened since then. On Friday the 13th January 2012, Standard and Poor’s cut the credit ratings of nine European countries. S&P’s biggest scalp was France.
January 16th, 2012 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "ratings agencies"
Investment Hopes, Fears and Preparations for 2012 Investors
“Prepare for the worst; hope for the best,” was always good advice. And here at The Daily Reckoning it is the foundation of our investment approach. We never know what will happen. So, what we want are investments that don’t depend on knowing.
January 9th, 2012 | Bill Bonner | 2 comments | Continued
Why Everyday Europeans Are Bailing Out of Their Own Banks
Europe is begging for money but claiming it has plenty. Meanwhile, ordinary Europeans are voting with their feet and taking their money out of banks and up north, while they still can. An economic system based on command and coercion is collapsing. And meanwhile, stock markets and investors trundle along in an information-soaked stupor.
December 7th, 2011 | Dan Denning | 0 comments | Continued
How Long Can Europe Stay Positive on Creditwatch Negative?
If you believe the French and Germans, what Europe really needs to become more competitive is a new treaty. If you believe Standard and Poor’s, which just put most of Europe on “creditwatch negative”, Europe needs to sort out its underlying monetary problems before it’s too late. Who are you going to believe?
December 6th, 2011 | Dan Denning | 0 comments | Continued
Ratings Agencies Picking on the Greeks
That the Greeks are in trouble is hardly breaking news, of course… Heck, even those geniuses at the ratings agencies had time to figure it out!
December 10th, 2009 | Joel Bowman | 1 comment | Continued
Ratings Agencies Put Spain on Negative Debt Watch
Spain’s debt has grown from 36% to 66% of GDP in the last two years. This is thanks to a budget deficit of 11.2 per cent this year, and will still be around 10.2 per cent for next year.
Not only that, but the unemployment level in Spain is heading for twenty per cent in 2010. Already a staggering 43 per cent of people under the age of twenty five are out of work.
December 10th, 2009 | Dr. Alex Cowie | 4 comments | Continued
