rating agencies power
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If rating agencies can down grade the credit worthiness of a country don't they hold a form of power over them? They just down graded the US's outlook to negative. Could this play into the lack of regulatory changes with regards to them? I can see that play in the cards. Why not? Economics can be just as damaging as military weapons. People or companies with that kind of money aren't beholden to any country nor do they have the same patriotic notions as people less economically mobile. See http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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If rating agencies can down grade the credit worthiness of a country don't they hold a form of power over them? They just down graded the US's outlook to negative. Could this play into the lack of regulatory changes with regards to them? I can see that play in the cards. Why not? Economics can be just as damaging as military weapons. People or companies with that kind of money aren't beholden to any country nor do they have the same patriotic notions as people less economically mobile. See http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
Negative? How does that rate with the AAA etc rating? And yes, they can have a big impact on the desirability of a product they rate. And yes, the US is mightilly fucked. The problem is it has been for decades and no one seems to care. :)
Dr D Evans "The whole idea that carbon dioxide is the main cause of the recent global warming is based on a guess that was proved false by empirical evidence during the 1990s" financialpost
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If rating agencies can down grade the credit worthiness of a country don't they hold a form of power over them? They just down graded the US's outlook to negative. Could this play into the lack of regulatory changes with regards to them? I can see that play in the cards. Why not? Economics can be just as damaging as military weapons. People or companies with that kind of money aren't beholden to any country nor do they have the same patriotic notions as people less economically mobile. See http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
Whether we like it or not the U.S. economy is heading at full speed toward an economic cliff. For S & P to ignore the stupidities of the American government for the last ten years, would be unprofessional and maybe even criminal.
Where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master. ~ Ayn Rand
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Negative? How does that rate with the AAA etc rating? And yes, they can have a big impact on the desirability of a product they rate. And yes, the US is mightilly fucked. The problem is it has been for decades and no one seems to care. :)
Dr D Evans "The whole idea that carbon dioxide is the main cause of the recent global warming is based on a guess that was proved false by empirical evidence during the 1990s" financialpost
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Negative? How does that rate with the AAA etc rating? And yes, they can have a big impact on the desirability of a product they rate. And yes, the US is mightilly fucked. The problem is it has been for decades and no one seems to care. :)
Dr D Evans "The whole idea that carbon dioxide is the main cause of the recent global warming is based on a guess that was proved false by empirical evidence during the 1990s" financialpost
fat_boy wrote:
Negative? How does that rate with the AAA etc rating?
Apparently a negative rating is an outlook rating.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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Whether we like it or not the U.S. economy is heading at full speed toward an economic cliff. For S & P to ignore the stupidities of the American government for the last ten years, would be unprofessional and maybe even criminal.
Where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master. ~ Ayn Rand
Oakman wrote:
For S & P to ignore the stupidities of the American government for the last ten years, would be unprofessional and maybe even criminal.
All of them have been made effectively immune from prosecutions for any of their ill conceived ratings. If the government paid them for their ratings the way Wallstreet paid for theirs we'd have AAA for all eternity.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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Oakman wrote:
For S & P to ignore the stupidities of the American government for the last ten years, would be unprofessional and maybe even criminal.
All of them have been made effectively immune from prosecutions for any of their ill conceived ratings. If the government paid them for their ratings the way Wallstreet paid for theirs we'd have AAA for all eternity.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
wolfbinary wrote:
All of them have been made effectively immune from prosecutions for any of their ill conceived ratings. If the government paid them for their ratings the way Wallstreet paid for theirs we'd have AAA for all eternity.
Possibly, but unlike the CDS's, the deficit, which increased by 50% in the last two years, is neither difficult to measure, nor hard to understand. IF S&P tried to pretend there was nothing wrong, they'd be ignored, or become a laughingstock.
Where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master. ~ Ayn Rand
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If rating agencies can down grade the credit worthiness of a country don't they hold a form of power over them? They just down graded the US's outlook to negative. Could this play into the lack of regulatory changes with regards to them? I can see that play in the cards. Why not? Economics can be just as damaging as military weapons. People or companies with that kind of money aren't beholden to any country nor do they have the same patriotic notions as people less economically mobile. See http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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If rating agencies can down grade the credit worthiness of a country don't they hold a form of power over them? They just down graded the US's outlook to negative. Could this play into the lack of regulatory changes with regards to them? I can see that play in the cards. Why not? Economics can be just as damaging as military weapons. People or companies with that kind of money aren't beholden to any country nor do they have the same patriotic notions as people less economically mobile. See http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
Perhaps, sometime in the next 2 years, they might downgrade the US credit rating. Doesn't mean too much really. It might help as one more voice pointing out a need for action by "policy makers". They do make it clear that reigning in short term deficits are not their concern, rather the need for "long term measures to reign in the rising national debt". Until such time as the Republicans become serious about deficits rather than using them as an excuse to defund Planned Parenthood or destroy public sector unions it will be difficult to resolve.
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If rating agencies can down grade the credit worthiness of a country don't they hold a form of power over them? They just down graded the US's outlook to negative. Could this play into the lack of regulatory changes with regards to them? I can see that play in the cards. Why not? Economics can be just as damaging as military weapons. People or companies with that kind of money aren't beholden to any country nor do they have the same patriotic notions as people less economically mobile. See http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
Just wait until the fed reserve bank (which is not the government for those of us that are unaware) quits buying the majority of T bills this summer, stopping the value from being artificially inflated. That will upset China, resulting in foreign sell offs of T bills, dumping the currency, forcing exchanges and companies to stop using the USD as the default trading currency.
Craigslist Troll: litaly@comcast.net "I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson