To answer the OP question, unload your long position, begin short selling on this new recession that would last at least 16+ mth. I made $3.2K just in 1 day on shorting 1 block of PVH
all the CNBC commentators said if there is a downgrade (it's 4 pm EST, at the time, they don't know for sure), there won't be a reaction because every1 is expecting this
Okay, when they said borrow cost will be higher due to this downgrade, for the lenders, are you saying they have to use S&P rating of AA as the new guide line? Or can these lenders use Fitch or Moody's AAA rating?
by the way, I really like S&P's sense of humor, as if this week's news and...
Since S&P agency downgraded US, but the other 2 affirmed US AAA rating, does that mean US is still AAA because there are 2 other agencies still affirms its AAA ?
It moved pass its 2007 high of 40, all the way to 60, now back to 52. I see this as a low-low dept. stores, what so special about this dept. store that it break thru to a 10+ yr. high?
CIA is another welfare prog. Tell me this: Why is it that no other countries need or requires this world wide spying prog. except USA? How does other adv. countries, such as so many powerful countries in Europe, Australia, New Zealand, Canada, etc. go by all these decades?
Now they all have...
a no. of economists who successfully predicted that 2008 crisis, have written books that the US$ will collapse.
This global military presence will make that happen. When US do something that no other countries do, either the US govt. is really brilliant, or really stupid. Make a wild guess
Let me pt. out a very simple soln.: Stop spending trillions in that giant welfare program called Defense. Why is there:
50K troops in Germany (down from 70K the other yr.)
10K troops in UK
10K troops in Italy
42K troops in Japan
What are these freak show for? Who are they defensing...
can some1 explain how a 1.9% GDP Gain in Q1, that the BEA said is the FINAL estimate suddenly becomes 0.4%?
They said 2 QTR or more of less than 2% GDP yields recession either w/i 12 mth. or that we're already in a recession...
I have a primitive question: Say S&P downgrade US, and that Fitch also downgrade US later, but Moody said no downgrade. What would happen to the AAA rating? Do we go w/ Moody or S&P?
Does mutual fund who only buy AAA rating bond use Moody as the standard or use the other 2 as the standard?
You can see based on the 2 link you gave me above (thanks for the link), that the CDS and the yield are dropping fast in the past days, especially after thurs. when they come up w/ that package for greece. So why the concern?
2 quick questions:
1) They said the reason that italian bank like SPA is being "run" on, is because those 2 Italian banks ask the Italian govt. to buy back their greece own bond, and now that the greece situation is resolved until 2013, there is no more contagion from Greece to Italy. Now...
w/ the new package announce on Thurs., it seems this whole thing is over until 2013. So unless Italy or Spain is going belly up, the Europe debt crisis should be over for now, do you guys agree?
first of all, thanks for all the links, people. In the above link, it doesn't really said that it's 5 yr. CDS, it only said:
Hellenic Republic
what's that mean?
this web site (main page) is talking about the "Unthinkable scenario", i.e., as soon as they get the $$ from IMF, they'll walk out from EU, not pay a penny to the bondholder, and keep the $$ on both end
http://econometricsanalysis.com/
I have an off beat question: I heard thru the brokerage channels that some state have engaged in re-insurance on Greece CDS, meaning they co-guarantee with other guarantors towards those, who underwrites Greece CDS. Is it legal for these state to do so?