Tag Archives: s & p

Greeks Rise Up, Euro Plunges, Pound Rallies, Investors Told to Head East

Stacy Summary:  Good morning, y’all.  I found a better photo (via Huffingtonpost) of the “Peoples of Europe Rise Up” banner.  Two of our major themes as we laid out in our first Keiser Report of the year are in the headlines this morning – sovereign debt crises and currency volatility.   There will be many more mornings like this before the year is out.  Anyway, how are things where you are at?

From MaxKeiser.com Images

 In Paris, I see no sign of Depression or Recession with ordinary people, but huge quantities of commercial real estate are suddenly becoming vacant in the 8th and 16th near our office.  Nearly every day sees another 800 or 1500 square meters open up.

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‘Ratings surveillance’ fees and the UK rating ‘mystery’

Stacy Summary: Apparently, it’s a mystery as to why the UK has not been downgraded.

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S & P downgrades UK outlook, AAA rating under threat

Stacy Summary:   Be careful what you wish for Mike/Liverpool!  The S & P downgrade doesn’t even mention the fact that North Sea oil revenue will continue falling.   Okay, what are your thoughts?  Do you agree that S & P is hardly credible after rating subprime AAA?  The the UK will grow its way out of debt?  Or is the UK toast along with all the other speculator nations?  

pound

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