Article

2012-01-14 Europe

S&P Cuts Credit Ratings for Nine Euro Zone Nations

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Posted by Fred 2012-01-14 00:00|| || Front Page|| [11137 views ] Top

#1 As I see it, as long as Europeans have money to support genocide (Paleo aspirations), they have too much money.

Posted by g(r)omgoru 2012-01-14 02:09|| 2012-01-14 02:09|| Front Page Top

#2 Matt

Posted by tipper 2012-01-14 02:41|| 2012-01-14 02:41|| Front Page Top

#3 At this time, you don't have to be faster than the bear, just faster than someone else in the group.

Posted by Procopius2k 2012-01-14 08:20|| 2012-01-14 08:20|| Front Page Top

#4 Still at least 2 notches above Israel's credit rating.

Posted by Bright Pebbles 2012-01-14 10:05|| 2012-01-14 10:05|| Front Page Top

#5 We're patient, BP.

Posted by g(r)omgoru 2012-01-14 11:11|| 2012-01-14 11:11|| Front Page Top

#6 Worshippers at the shrine of Krugman the Tiny God claim that he must be right now (spend more and more and more) because he's been right so many times before. So let's revisit Shortround's assessment of Europe back in 2008 (Caution: Slimes at the link):

But the next time a politician tries to scare you with the European bogeyman, bear this in mind: Europes economy is actually doing O.K. these days, despite a level of taxing and spending beyond the wildest ambitions of American progressives.

Ummmm, maybe not Paulie.

Posted by Matt 2012-01-14 14:09|| 2012-01-14 14:09|| Front Page Top

#7 Euroland economies do OK until the government can no longer borrow and ramps up taxes to try and keep the deb under control. Thats when the real economy crashes as Greece currently illustrates.

Posted by phil_b 2012-01-14 20:07|| 2012-01-14 20:07|| Front Page Top

#8 If all the "bad" economies leave the Euro what does that leave?
Expect the Euro to double when the "Good" Euro countries get rid of the bad. At least until Germany and France have to confront their pension crises(presently at 300% of GDP respectively)Then expect the real STHTF. Maybe 3 to 4 years. Then as the Chinese would say "may you live in interesting times"

Posted by tipper 2012-01-14 21:07|| 2012-01-14 21:07|| Front Page Top

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