Saturday, September 10, 2011
Greece Update
by CalculatedRisk on 9/10/2011 06:25:00 PM
There was a rumor on Friday that Greece would default this weekend. That seems very unlikely, although Greece is running out of time. Also there are quite a few pro…
September 2, 2011
Job Growth at Halt in U.S.; Worst Showing in 11 Months
By SHAILA DEWAN
The economy failed to add new jobs in August, the first time there has been no increase in net jobs in the United States in 11 months.
The flat performance in t…
I never thought I’d live to see the day that, after racking up:
FIFTEEN TRILLION DOLLARS OF DEBT
…people would be piling into 4-week T-bills and accepting ZERO interest.
But here we are.
Look for yourself:
http://www.treasurydirect.gov/instit/an…
Tough to believe that the Isle of Man has a better credit rating than the U.S……
http://www.thedailyshow.com/
Only seven days stand between the U.S. and the effects of a credit default. But a downgrade of the nation’s stellar AAA credit rating seems a lot more likely, and a lot sooner.
The White House had been alerted repeatedly over the past month by …
From Bloomberg:
“Standard & Poor’s put a“negative” outlook on the U.S. AAA credit rating, citing rising budget deficits and debt. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address mediu…
At least this dovetails nicely with my poll.
From the article:
“Japan’s credit rating was cut for the first time in nine years by Standard & Poor’s as persistent deflation and political gridlock undermine efforts to reduce a 943 trillion yen ($11…
UK Budget, Feels “Like an Amputation”
The UK took a chainsaw to its budget to the tune of roughly $120 billion. Unlike the US, the nation feels obliged to implement a few austerity measures that may lend some credibility to its AAA credit rating d…
