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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (73723)	5/28/2010 2:08:32 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

How the US rating agencies are deflecting attention from the real problems. Today legislation the House passed the "Jobs Bill" preview.bloomberg.com This bill will add another $54 to $135 billion in budget deficits on top of the already outlandish 1.6 trillion in US budget deficit. US GDP is around $13.4 to $14 trillion therefore the budget deficit is around 11.4 to 11.9% of GDP. The rating agencies have a AAA rating on US debt. (nice!! and why???) Also today and a month ago S&P and Fitch lowered the rating of Spain from AAA to AA and AA+ respectively their budget deficit in relation to their GDP is 11.2% preview.bloomberg.com Spain national debt position is BETTER than that of the US - it may achieve similar debt levels to GDP in the future. Now can any one explain WHY Spain has a AA debt rating and the US still a AAA? rated by US based rating agencies? My answer is simple - and is posted in my previous post The unjust difference in rating will result in the fact that US debt will be preferred over Spain debt by US pension funds and insurance companies etc., and also by the gullible financial institution around the world that all they care about is the rating. The stock market was more or less on a recovery note only to thank after the announcement now down 156 DJ points as I write this - we are obvious in a financial war instigated by BO and his team /administration

To: Haim R. Branisteanu who wrote (73723)	5/28/2010 7:23:09 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Another sinister Obama plot against Europe... 2nd Iceland volcano issues warning Scientists say powerful Katla is ‘close to failure’ msnbc.msn.com

To: Haim R. Branisteanu who wrote (73723)	6/13/2010 4:42:21 PM
From: Snowshoe	3 Recommendations Read Replies (2) \| Respond to of 74559

>>nice to know that you are a fan of a failed disgraced administration<< Haim, I'm an observer of Obama, not a fan. I voted NOT for Obama/Biden or McCain/Palin during the 2008 election, but instead wrote in Volcker/Walker... Message 25143403 I find it quite amusing that so many of the foaming-at-the-mouth USD bears hanging around SI missed the great euro bubble. For years there was snickering in these parts about money fleeing the USA for the likes of London, Hong Kong, etc. There were snooty pronouncements that Europe didn't have a real estate bubble like the USA. The future was in the euro, the Islamic dinar, the yuan. Oh, and don't forget the "Iranian oil bourse" that was supposed to bring us suddenly and dramatically to our knees! Now we're beginning to smell what a rotten apple Europe is, but you blame Obama for crashing the euro? If Obama has such great superpowers, why doesn't he dive under the Gulf of Mexico and weld the leaking oil well shut with his X-ray vision? ;>) -Snow