Tag Archives: S&P

Black Friday: S&P Downgrades Nine Euro-zone Countries

By The Admiral | Published Saturday January 14th, 2012 @ 5:31 AM CDT

(Reuters) – Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area. “Today’s rating actions are primarily driven by our assessment that the policy initiatives that have [...]

Posted in RSS Auto Post | Also tagged austria, Big Government, credit, cyprus, debt, downgrade, economy, Euro, France, Italy, junk bond, kazakhstan, malta, news, Portugal, rating, Slovakia, slovenia, Spain, standard and poors Comments Off

Who Is Going to Bail Out China?

By The Admiral | Published Wednesday December 28th, 2011 @ 5:52 PM CDT

China is suffering a brutal economic “hard landing” as the pay-back for their massive Keynesian stimulus spending to revive economy growth after the 2008 credit crisis. China’s stimulus bought two years of economic boom, but the cost of this instant gratification was unleashing venomous run-away inflation that forced the central government to hammer the economy [...]

Posted in RSS Auto Post | Also tagged Asia Times, bank of china, Big Government, China Construction Bank, China Daily, China hard landing, credit crunch, economics, Financial Services, Gansu Provincial Highway, Guangdong Provincial Communications Group, Hunan Provincial Expressway, news, Sichuan Railway, Tsinghua University, venomous inflation, Zhou Mubing Comments Off

RETRIBUTION: Administration targets S&P

By The Admiral | Published Thursday August 18th, 2011 @ 9:56 AM CDT

How very Obamaesque. It’s his M.O., he has a confirmed history of this stuff that can not be denied or spun. So many enemies that his enemies list has become an enemies novel. His Regime has targeted S&P for the sole reason of gaining retribution for the credit downgrade. Yup, he ordered a DOJ investigation. [...]

Posted in Posts | Also tagged Obama, retribution Comments Off