Is Spain the First to fall.....Germany,France next.
Jan 19th 2009, 11:40 pm
#1
Thread Starter
Joined: Apr 2008
Posts: 1,433
Is Spain the First to fall.....Germany,France next.
Standard & Poor's has stripped Spain of its coveted AAA status in the first such move against a top-rated country since the global crisis began, reflecting the deep damage suffered by Spanish public finances as the debt bubble bursts.
http://www.telegraph.co.uk/finance/f...it-rating.html
http://www.bdafrica.com/index.php?op...38&Itemid=5821
http://www.telegraph.co.uk/finance/f...it-rating.html
http://www.bdafrica.com/index.php?op...38&Itemid=5821
Last edited by poshnbucks; Jan 19th 2009 at 11:47 pm.
Jan 20th 2009, 1:13 am
#2
On the road again.
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Re: Is Spain the First to fall.....Germany,France next.
Its been a desperate day in the UK.
Spanish chickens are now starting to come home to roost, along with many others throughout Europe.
The US recovery promises to be a longer time coming than first thought.....,so what hope the rest?
Things do not bode well for those who forecast a turnaround by 2010.
Spanish chickens are now starting to come home to roost, along with many others throughout Europe.
The US recovery promises to be a longer time coming than first thought.....,so what hope the rest?
Things do not bode well for those who forecast a turnaround by 2010.
Jan 20th 2009, 5:13 am
#3
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Joined: Jun 2006
Posts: 445
Re: Is Spain the First to fall.....Germany,France next.
Its been a desperate day in the UK.
Spanish chickens are now starting to come home to roost, along with many others throughout Europe.
The US recovery promises to be a longer time coming than first thought.....,so what hope the rest?
Things do not bode well for those who forecast a turnaround by 2010.
Spanish chickens are now starting to come home to roost, along with many others throughout Europe.
The US recovery promises to be a longer time coming than first thought.....,so what hope the rest?
Things do not bode well for those who forecast a turnaround by 2010.
Jan 20th 2009, 1:11 pm
#4
Just Joined
Joined: Jan 2009
Posts: 1
Re: Is Spain the First to fall.....Germany,France next.
I don't think DD was saying that the forecasters would be out of jobs, but that the turnaround is going to take a lot longer than a year and will impact all of us. Alistair Darling has some serious egg on his face after producing yet more nonsense 'growth' forecasts which the IMF and various other thinktanks say are incorrect.
Jan 20th 2009, 6:08 pm
#5
Keep smiling
Joined: Jan 2009
Posts: 106
Re: Is Spain the First to fall.....Germany,France next.
Its been a desperate day in the UK.
Spanish chickens are now starting to come home to roost, along with many others throughout Europe.
The US recovery promises to be a longer time coming than first thought.....,so what hope the rest?
Things do not bode well for those who forecast a turnaround by 2010.
Spanish chickens are now starting to come home to roost, along with many others throughout Europe.
The US recovery promises to be a longer time coming than first thought.....,so what hope the rest?
Things do not bode well for those who forecast a turnaround by 2010.
However it could all change now Obama is finally there.
Jan 20th 2009, 6:17 pm
#6
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Jan 20th 2009, 6:31 pm
#7
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Re: Is Spain the First to fall.....Germany,France next.
Sorry Posh, I wonder what the reverse of hi jacking a hread is, as I posted my thoughts on this on the old pound weakening thread.
Yes this could be doomsday. Lots of chickens coming home to roost for Gordon and the morons. Only as always it s Joe Soap who pays.
debt premia are sky high for Club Med. The ECB is likely to crack under the pressure from economies on the rack like Ireland Spain Greece Italy, and Germany on the other hand who will NEVER allow inflation to get out of control again. Interesting to watch except it is SO dangerous for everyone.
May your Gods go with you, and us.
Yes this could be doomsday. Lots of chickens coming home to roost for Gordon and the morons. Only as always it s Joe Soap who pays.
debt premia are sky high for Club Med. The ECB is likely to crack under the pressure from economies on the rack like Ireland Spain Greece Italy, and Germany on the other hand who will NEVER allow inflation to get out of control again. Interesting to watch except it is SO dangerous for everyone.
May your Gods go with you, and us.
Jan 21st 2009, 1:11 am
#8
Thread Starter
Joined: Apr 2008
Posts: 1,433
Re: Is Spain the First to fall.....Germany,France next.
Sorry Posh, I wonder what the reverse of hi jacking a hread is, as I posted my thoughts on this on the old pound weakening thread.
Yes this could be doomsday. Lots of chickens coming home to roost for Gordon and the morons. Only as always it s Joe Soap who pays.
debt premia are sky high for Club Med. The ECB is likely to crack under the pressure from economies on the rack like Ireland Spain Greece Italy, and Germany on the other hand who will NEVER allow inflation to get out of control again. Interesting to watch except it is SO dangerous for everyone.
May your Gods go with you, and us.
Yes this could be doomsday. Lots of chickens coming home to roost for Gordon and the morons. Only as always it s Joe Soap who pays.
debt premia are sky high for Club Med. The ECB is likely to crack under the pressure from economies on the rack like Ireland Spain Greece Italy, and Germany on the other hand who will NEVER allow inflation to get out of control again. Interesting to watch except it is SO dangerous for everyone.
May your Gods go with you, and us.
Never entered the cranium to high jack anything. I just saw the piece and posted maybe I could have tagged it onto yours but it was about Spain not the UK pound,My post very early AM your post 15 hours later hmmmmmmm. Anyway you keep up the good work I enjoy your input.
Last edited by poshnbucks; May 30th 2009 at 5:39 am.
Jan 21st 2009, 7:58 am
#9
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Location: The Charente - still smiling.
Posts: 2,624
Re: Is Spain the First to fall.....Germany,France next.
Never entered the cranium to high jack anything. I just saw the piece and posted maybe I could have tagged it onto yours but it was about Spain not the UK pound,My post very early AM your post 15 hours later hmmmmmmm. Anyway you keep up the good work I enjoy your input.
Sorry
