Now word from Washington is that S and P might have to change it's mind on US downgrade.
OK. What's the deal. Faulty math is the reason - yeah, right.
OK. What's the deal. Faulty math is the reason - yeah, right.
Friday, August 5, 2011
US Downgraded = now what?
Bill Bonner, Martin Weiss, Sean Brodrick and some of the big thinkers have warned that the US could lose AAA status and now. according to Standard and Poors - it HAS.
What does this mean.
In a word. FEAR, and losses.
My portfolio tanked so bad, I got an e-mail apology from my money guy.
Rates are going to go to the moon on US paper.
The Bond Vigilantes must be carrying AK-47's, and banana clipped.
Watch the Markets in Asia on Monday.
Very close eye on silver and gold.
What does this mean.
In a word. FEAR, and losses.
My portfolio tanked so bad, I got an e-mail apology from my money guy.
Rates are going to go to the moon on US paper.
The Bond Vigilantes must be carrying AK-47's, and banana clipped.
Watch the Markets in Asia on Monday.
Very close eye on silver and gold.
Standard and Poor's Downgrades the United States!
The ratings agency Standard & Poor's has reduced the United States' credit rating from AAA to AA+ with a negative outlook, the company announced late Friday.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," Standard & Poor's said in a statement announcing the move.
"More broadly," the agency added, "the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.
Thursday, August 4, 2011
The Market Meltdown today
Cash is becoming the name of the game again.
Markets around the World, tanked today.
The DOW and S&P, Canada's TSX, and VSE = squat.
The VIX has risen 35% in the last three days - now at it's highest point in 5 years.
There is something nasty out here and I think that people are waking up to the fact that QE3 has begun in the States.
This is an awfully scary time.
Think the American electorate will fire the entire Congress and Senate - it's happened before.
Obama has dropped the ball, worse than a third grade, Little League, duff.
Prudence and patience. Those are the bywords.
Markets around the World, tanked today.
The DOW and S&P, Canada's TSX, and VSE = squat.
The VIX has risen 35% in the last three days - now at it's highest point in 5 years.
There is something nasty out here and I think that people are waking up to the fact that QE3 has begun in the States.
This is an awfully scary time.
Think the American electorate will fire the entire Congress and Senate - it's happened before.
Obama has dropped the ball, worse than a third grade, Little League, duff.
Prudence and patience. Those are the bywords.
Friday, July 29, 2011
Budget Shenanigangs
I am watching the stuff going on in Washington, I shake my head.
Don't people get it?
The USA and just about every country has debt problems.
Print more money>? Raise the debt ceiling>? Stiff Bond holders.
What a time.
Don't people get it?
The USA and just about every country has debt problems.
Print more money>? Raise the debt ceiling>? Stiff Bond holders.
What a time.
Wednesday, July 27, 2011
Jobs, the future and failure and option?
Too many part time jobs.
Men of a certain age, out of work now, will never work again.
The Movie Industry, about the only engine in the Vancouver economy, sucks.
The Tea Party loonies have screwed the USA into a credit downgrade.
That will be fun.
Seen the stock markets lately?
I have no one in a good mood.
My owner, that I told I was moving.
The new owner, landlord, that had to spend thousands to remediate from a punk.
It's a weird time and much angst in the air.
Watch Obama - something up his sleeve?
The CA$D is doing great things against the US buck - and that hurts Canadian exporters.
Americans are not much on touring, and they are so broke, they aren't coming - in droves.
The Pacific Northwest and BC has been very cold and weird this summer.
Now. We wait for the junk for Fukushima to destroy our Beaches and way of life.
Men of a certain age, out of work now, will never work again.
The Movie Industry, about the only engine in the Vancouver economy, sucks.
The Tea Party loonies have screwed the USA into a credit downgrade.
That will be fun.
Seen the stock markets lately?
I have no one in a good mood.
My owner, that I told I was moving.
The new owner, landlord, that had to spend thousands to remediate from a punk.
It's a weird time and much angst in the air.
Watch Obama - something up his sleeve?
The CA$D is doing great things against the US buck - and that hurts Canadian exporters.
Americans are not much on touring, and they are so broke, they aren't coming - in droves.
The Pacific Northwest and BC has been very cold and weird this summer.
Now. We wait for the junk for Fukushima to destroy our Beaches and way of life.
Monday, July 25, 2011
Greek Bonds are two steps from Default
The folks in Greece will be paying through their Drachmas, for the next thirty years, as their Bonds crashed today.
Consider:
Bank of Montreal's Sherry Cooper wondered aloud last week whether we'll all look back at this some day and "see this as a period of global economic mismanagement of historical proportions." Only time will tell of course, but I'm sure BMO's chief economist is right
Austria and Italy cancelled a bond auction.
Bond Vigilantes are mounted up and are heading to Washington.
What the heck is going on with the US? (* Impeach Obama?)
Will the World Reserve Currency, the US Dollar, lose that role?
So many questions, and so many answers about to come to the fore.
What a day! Gold and Silver could go to the moon.
Rick Rule (* a genius) - expects good Jr Companies in gold and silver might be takeover targets.
We shall see.
Consider:
Bank of Montreal's Sherry Cooper wondered aloud last week whether we'll all look back at this some day and "see this as a period of global economic mismanagement of historical proportions." Only time will tell of course, but I'm sure BMO's chief economist is right
Austria and Italy cancelled a bond auction.
Bond Vigilantes are mounted up and are heading to Washington.
What the heck is going on with the US? (* Impeach Obama?)
Will the World Reserve Currency, the US Dollar, lose that role?
So many questions, and so many answers about to come to the fore.
What a day! Gold and Silver could go to the moon.
Rick Rule (* a genius) - expects good Jr Companies in gold and silver might be takeover targets.
We shall see.
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