Article

2012-06-14 Europe

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2012-06-14 00:00|| || Front Page|| [11129 views ] Top

#1 Ay caramba!!

Posted by g(r)omgoru 2012-06-14 03:56|| 2012-06-14 03:56|| Front Page Top

#2 Financial bail-outs have a negative effect on credit ratings. Who knew ?

Posted by Besoeker 2012-06-14 04:11|| 2012-06-14 04:11|| Front Page Top

#3 One more notch of downgrade and banks can't use them as part of their asset base, and of necessity sell all of them.

Truly a train wreck in slow motion.

Posted by phil_b 2012-06-14 05:45|| 2012-06-14 05:45|| Front Page Top

#4 The real rating should be ZZZ----

Black Hole Grade.

All the banks are basically insolvent.

Posted by Bright Pebbles 2012-06-14 05:54|| 2012-06-14 05:54|| Front Page Top

#5 They said it wasn't nearly enough. They need that Holland boy to plug some holes in their dikes.

Posted by Dale 2012-06-14 06:55|| 2012-06-14 06:55|| Front Page Top

#6 pulled most of my 401K money left in Janus Overseas Fund (JAOSX) this Spring. I see bad things abroad, and no real chance the PIGS+ will make the tough decisions (see: France) for an adult path correction. Before 2008, Janus kicked ass.

Posted by Frank G 2012-06-14 11:10|| 2012-06-14 11:10|| Front Page Top

#7 The architects of the EMU and the euro asserted that one goal was to "counterbalance" the US and the dollar. In fact, the whole mess was predicated on, assumed, and required continued US strength and growth.

Some counterbalance, that can't hold itself up. I doubt there will be any Marshall Plan this time guys, sorry.

Posted by RandomJD 2012-06-14 13:52|| 2012-06-14 13:52|| Front Page Top

22:41 Procopius2k
22:07 Thing From Snowy Mountain
22:06 Pappy
22:06 swksvolFF
21:53 swksvolFF
21:27 Procopius2k
21:23 DepotGuy
21:20 DepotGuy
21:18 Procopius2k
21:14 3671
21:13 Alaska Paul
21:10 swksvolFF
21:09 lotp
21:08 DepotGuy
20:53 lotp
20:36 Matt
20:33 Frank G
20:24 lotp
20:09 Raj
20:02 Mike Kozlowski
19:50 Thomoter McCoy4259
19:48 Frank G
19:47 BA
19:41 Zhang Fei