Posts Tagged ‘Standard & Poors’
Standard & Poors Places Europe on Negative Credit Watch – World Set for Downgrade!?
I find it rather ironic that Standard & Poors placed the EU-17 on negative credit watch on the same day the market provided the strongest one-day positive assessment to peripheral Europe’s sovereign credit outlook since August (borrowing costs were down sharply on Monday). I have no issue with actually conducting a downgrade of the entire…
Read More“Super” Committee – Lack of Progress Heightens Risks to Economy and Financial Markets
The US “Super Committee” failed to make any progress on the sole task it was created for: deficit reduction. It now appears probable that there will be an announcement today stating the committee has “failed to reach its mandated goal of reducing deficits over the next 10-years by $1.2 trillion dollars”. An announcement of this…
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