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Tag Archives: S&P

Geithner met with Obama just before warning S&P that the debt downgrade by the company would be met with a “response” from Washington

In January Bloomberg reported that Tim Geithner called the CEO of Standard and Poor’s after the company downgraded US debt to explain that the move would have “ramifications” for the company. Now S&P finds itself embroiled in a lawsuit driven by the Justice Department which S&P says is punishment for the downgrade. Read More

Are we looking at a “global deflationary shock” triggered by the Fed?

The economic tide has been going out for quite a while, but the pace has just quickened in emerging markets – big time. Things have become quite unsteady and no one knows whether the current instability will trigger something broader in the developed economies. China is slowing. Japan has horns locked with China economically and increasingly politically. Europe is catching its breath before another wave rolls through.

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Fed stays easy, Stocks up, Dollar down

Ben told us today that he’s not ready to stop rocking the QE just yet. The stock market celebrated. More manna from the Fed! Hurrah!

Now sing it with me – “Ain’t no party like a Bernanke party, ’cause a Bernanke party don’t stop!”

Ah yes it’s good to drink from the punch bowl.

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S&P calls US lawsuit retaliation for stripping AAA rating

Remember when S&P downgraded US debt? Boy, some people weren’t very happy about that. The public just might get the idea that this country was headed in the wrong direction financially. And that dear readers is clearly not the case. I mean Washington has told us over and over that there is nothing to worry about.

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