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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (83361)	11/18/2011 4:28:20 AM
From: elmatador	Respond to of 217901

New Italian PM to fight off 'junk' rating. will have to stave off a ratings downgrade as it refinances $US420 billion of bonds and bills coming due next year, as investors price the debt as junk New Italian PM to fight off 'junk' rating. Mario Monti's Italian government will have to stave off a ratings downgrade as it refinances $US420 billion of bonds and bills coming due next year, as investors price the debt as junk. The ranking implied by Italy's bonds is Ba2, two steps below investment grade and six levels lower than the country's A2 grade, according to Moody's Analytics. The only nation with investment-grade ratings whose bonds cost more to insure using credit-default swaps is Hungary, ranked four steps lower, which Standard & Poor's said last week it may cut to junk. “A downgrade is definitely looming,” said Holger Schmieding, London-based chief economist at Joh. Berenberg Gossler & Co., Germany's oldest private bank, which manages about $US34 billion. “The business cycle has turned down and there are problems in banking which Italy is not immune to.” Read more: smh.com.au Meanwhile in our Banana Republic: S&P upgrades Brazil’s credit rating The decision by S&P to upgrade Brazil’s debt at a delicate moment of the international economy is recognition that our economic policies are going in the right direction and that the macroeconomic fundamentals of our country are solid,” the ministry said. ft.com

To: TobagoJack who wrote (83361)	11/18/2011 11:03:03 AM
From: westpacific	5 Recommendations Read Replies (1) \| Respond to of 217901

Lang’s assessment that the regime-China is bankrupt was based on five conjectures. Firstly, that the regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). This calculation is arrived at by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion, he said). But with interest of two trillion per year, he thinks things will unravel quickly. Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang. Thirdly, that there is serious excess capacity in the economy, and that private consumption is only 30 percent of economic activity. Lang said that beginning this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7. This is an indication, in his view, that China’s economy is in recession. Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent. He said that the bloated figures come from the dramatic increase in infrastructure construction, including real estate development, railways, and highways each year (accounting for up to 70 percent of GDP in 2010). Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 81.6 percent, Lang said. Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said. theepochtimes.com --- They are all bankrupt; China looks better then 15 Trillion in debt; then again with over a billion that can riot...we need to all face facts; the entire leadership of the world is CORRUPT and we need change!