polarbear
Member
Mowed my lawn today, mid-day, close to 100 degrees, that was a real workout, about 3/4 acre -- that's work. Took my mind off the market. When are those S&P slackers going to get their a**es in gear and downgrade France? Clearly, the French bankers and govt chipped in and bot a case of the best French wines for every member of the S&P hatchet board. That's what's retarding this process. My wife's from Europe and she said I'm probably right, and the Boss is never wrong.
OK, I got my answer. After some Googling,
http://www.marketwatch.com/story/for-next-rating-downgrade-sp-may-look-at-france-2011-08-10 (For next rating down, S&P may look at France)
then http://money.cnn.com/2011/08/11/markets/thebuzz/ (Sacre bleu, the market has downgraded France!)
then finally the answer http://seekingalpha.com/article/286586-will-s-p-downgrade-france-s-credit-rating-too (Will S&P downgrade France's credit rating too?)
The answer is that the difference is the idiots in our Congress actually threatened to default. That crossed a line that the agency could not let stand. So that's how it's done. Bringing up Congress, if that can be imagined. At our expense. Thank you very much, Tea party children. You are so astute.
Funny, in all of this, Financial Express out of Dacca, Bangladesh said France had been downgraded on Thursday. Somehow I missed it.
OK, I got my answer. After some Googling,
http://www.marketwatch.com/story/for-next-rating-downgrade-sp-may-look-at-france-2011-08-10 (For next rating down, S&P may look at France)
then http://money.cnn.com/2011/08/11/markets/thebuzz/ (Sacre bleu, the market has downgraded France!)
then finally the answer http://seekingalpha.com/article/286586-will-s-p-downgrade-france-s-credit-rating-too (Will S&P downgrade France's credit rating too?)
The answer is that the difference is the idiots in our Congress actually threatened to default. That crossed a line that the agency could not let stand. So that's how it's done. Bringing up Congress, if that can be imagined. At our expense. Thank you very much, Tea party children. You are so astute.
Funny, in all of this, Financial Express out of Dacca, Bangladesh said France had been downgraded on Thursday. Somehow I missed it.
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