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U.S. Outlook Revised to Stable by S&P as Fiscal Risks D... - 6/11/2013 3:34:06 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Gobama!


http://www.bloomberg.com/news/2013-06-10/u-s-outlook-revised-to-stable-by-s-p-as-fiscal-risks-recede.html



"The U.S.’s AA+ credit rating outlook was increased to stable from negative by Standard & Poor’s, based on receding fiscal risks, less than two years after the company stripped the world’s largest economy of its top ranking.

The U.S. has a less than one-in-three likelihood of a downgrade in the “near term” with the revision, S&P said today in a statement. The New York-based company said it sees “tentative improvements,” such as the deal politicians reached to resolve what became known as the fiscal cliff and through spending cuts in the Budget Control Act of 2011."


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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 3:42:01 PM   
RottenJohnny


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quote:

ORIGINAL: Owner59

Gobama!



Believe it or not, when I heard this on the radio I wondered how long it would take you to act so predictably. FYI...about 22 hours...lol.

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(in reply to Owner59)
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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 4:02:23 PM   
Louve00


Posts: 1674
Joined: 2/1/2009
Status: offline 		Great news!! :)

(RottenJohnny this thread just updated me! LOL)

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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 4:05:13 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline
quote:

ORIGINAL: RottenJohnny


quote:

ORIGINAL: Owner59

Gobama!



Believe it or not, when I heard this on the radio I wondered how long it would take you to act so predictably. FYI...about 22 hours...lol.



So you`re joining the long list of CM members stalking me?




_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 4:15:45 PM   
RottenJohnny


Posts: 1677
Joined: 5/5/2006
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quote:

ORIGINAL: Owner59

So you`re joining the long list of CM members stalking me?



How can I ignore such an easy target? (gun pun intended)

_____________________________

"I find your arguments strewn with gaping defects in logic." - Mr. Spock

"Give me liberty or give me death." - Patrick Henry

I believe in common sense, not common opinions. - Me

(in reply to Owner59)
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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 7:03:51 PM   
JeffBC


Posts: 5799
Joined: 2/12/2012
From: Canada
Status: offline 		OK, to be clear, the ratings agencies are the same ones that rated the banks as great investments, right? Just so I'm clear here on how much I'm supposed to care.

Look, ratings agencies and banks are friends. Their "ratings" are utter bullshit as we all should know. Ratings are given according to the needs of wall street. Any benefits from same will benefit wall street. So all in all, this is a bull shit circle jerk based upon pronouncements by known liars.

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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 8:08:51 PM   
YN


Posts: 699
Status: offline 		Here are accurate depictions of the relationship between the international credit rating agencies and the international bankers -







(in reply to JeffBC)
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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/11/2013 10:37:31 PM   
JeffBC


Posts: 5799
Joined: 2/12/2012
From: Canada
Status: offline 		In short, the ratings agencies are simply ways the banks regulate the stock market so that they can illegally profit.

_____________________________

I'm a lover of "what is", not because I'm a spiritual person, but because it hurts when I argue with reality. -- Bryon Katie
"You're humbly arrogant" -- sunshinemiss
officially a member of the K Crowd

(in reply to YN)
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RE: U.S. Outlook Revised to Stable by S&P as Fiscal Ris... - 6/12/2013 12:04:08 AM   
Edwynn


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Joined: 10/26/2008
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quote:

ORIGINAL: Owner59

Gobama!


http://www.bloomberg.com/news/2013-06-10/u-s-outlook-revised-to-stable-by-s-p-as-fiscal-risks-recede.html



"The U.S.’s AA+ credit rating outlook was increased to stable from negative by Standard & Poor’s, based on receding fiscal risks, less than two years after the company stripped the world’s largest economy of its top ranking.

The U.S. has a less than one-in-three likelihood of a downgrade in the “near term” with the revision, S&P said today in a statement. The New York-based company said it sees “tentative improvements,” such as the deal politicians reached to resolve what became known as the fiscal cliff and through spending cuts in the Budget Control Act of 2011."


I already downgraded the US (as did others) by the fact that not a single one of the chiefs of Moody's, Standard & Poors, or Fitch rating agencies are doing time in jail yet.

You DO know that this incomprehensible jubilation of yours comes from some pronunciation of the rating agency that was, A) more responsible than even the other two in foisting those toxic CDOs, with their AAA rating, upon the world, and, B) then had the utter gaul to "downgrade" US bond issues when the feathers hit the fan, largely as result of their own fraud and complicity in these shenanigans.


Only 17 corporations in the US warranted an AAA rating for their bonds prior to this fiasco. Just 17, out of the DJIA, the S&P 500, the whole lot.

But once Goldman Sachs, Citigroup, etc, came out with this flood of CDOs, Standard & Poors (along with Moody's and Fitch) were passing out AAA ratings on them like candy. Hundreds of them.

S&P also subverted the law and the democratic process in Georgia, New Jersey, and other states.


But you find cause for celebration due to whatever idiotic pronunciation from these fuckwits now, right?



I understand completely why the country is going to hell in a hand basket.


And if any of the above explication is too 'obtuse' for some here, so be it.

I'm not surprised by any of this idiocy any more, flub your lips all you like.




< Message edited by Edwynn -- 6/12/2013 12:14:06 AM >

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