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Standard & Poors And Why They Are Still Wrong
Last year on August 5th, in a press release Standard & Poors (S&P) landed a nuclear bomb on American creditworthiness. After the dust settled from the financial crises, rating agencies were targeted by regulators as “ failures to act ” in not doing enough to properly report and avert...
S&P Downgrades Humanity; Monkeys on the Rise
The following will come as no surprise to the denizens of WSO, but the rest of the human race will be shocked to learn that S&P has downgraded the entire species to BBB while simultaneously upgrading primates to investment grade . Apparently the move has been a long time in coming, and the apes'...
NSFW Episode 31: DOWNgrayedd
PREVIOUS EPISODES: NSFW Episode 30: Oslo Bombing, Amy Winehouse NSFW Episode 29: Phone Hacking, Debt Ceiling NSFW Episode 28: DSK for President, Lagarde Rocks NSFW Episode 27: How To Ruin Your Life NSFW Episode 26: Groupon, Bilderbergs, #Weinergate NSFW Episode 25: Crapture, LinkedIn Lunacy, Gunning...
Fear and Control
As there is only one thing on everyone's mind today I figured I would talk about something else. Something that is actually a crucial part of today and every day; arguably our greatest enemy and character flaw as human beings. Fear is the silent killer. Some may prefer to call it tension,...
Ugly Day Ahead?
If the Asian markets are any indication, we could be in for an ugly session today. The Hang Seng put in a 52-week low overnight, dropping another 900 points before recovering to finish down 455. The index is down almost 3,000 (almost 12%) since last Monday's open. The dollar is off pretty sharply...
American Strategic Default
Some things are a long time coming. You see them approaching slowly. Sometimes you are ready,sometimes you are not. Sometimes you want to believe, sometimes you don't. Regardless of your individual ideas and interpretations...they happen anyway. Yesterday's S&P downgrade of the U.S. debt outlook is...
S&P's $2 Trillion Mistake
Just the Facts: S&P's $2 Trillion Mistake By: John Bellows 8/6/2011 In a document provided to Treasury on Friday afternoon, Standard and Poor’s (S&P) presented a judgment about the credit rating of the U.S. that was based on a $2 trillion mistake. After Treasury pointed out this error – a basic...
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