S&P Ratings

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AtW replied

19 January 2012, 21:47
Originally posted by sasguru View Post

You're an economics moron. HTH.
Your homework is to try and figure out why.

Greece had 20% inflation before euro and their currency devalued like 3 times in the decade before joining euro. After that they've had stable currency and stable low inflation.

The main mistake was allow unchecked borrowing through in theory there we EU limits, it's just nobody enforced them properly.
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darmstadt replied

19 January 2012, 20:48
Originally posted by MarillionFan View Post

Sherlock had to die, otherwise all his friends would have been killed. He obviously faked his own death but how? Maybe a drug. Maybe a fake corpse. We will have to see!!!

What are you talking about???
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MarillionFan replied

19 January 2012, 20:43
Originally posted by sasguru View Post

You're an economics moron. HTH.
Your homework is to try and figure out why.

Sherlock had to die, otherwise all his friends would have been killed. He obviously faked his own death but how? Maybe a drug. Maybe a fake corpse. We will have to see!!!

What are you talking about???
Leave a comment:
sasguru replied

19 January 2012, 20:39
Originally posted by AtW View Post

Awaiting eagerly comment from sasguru...

You're an economics moron. HTH.
Your homework is to try and figure out why.
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AtW replied

19 January 2012, 20:15
Greece wasn't doing too great either:

Now look at inflation in Greece -

Awaiting eagerly comment from sasguru...
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Paddy replied

19 January 2012, 20:11
And Italy was so good before the Euro...not
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AtW replied

19 January 2012, 20:04
Those ratings are bog Standard and piss Poor...
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darmstadt started a topic S&P Ratings

19 January 2012, 20:00
S&P Ratings

Italy don't like them:

(AGI) Milan - Two S&P analysts are being investigated in Trani on suspicion of cutting Italy's rating on the basis of false data. Frank Gill and Moritz Kraemer, "when performing their rating activity, agreed to and announced the downgrade of the sovereign debt rating of the Republic of Italy, confirming a negative outlook, based on untrue, biased, inconsistent and incorrect data (and therefore partly false, as stated by expert economists), being aware that such decisions could significantly affect the price of financial instruments, especially Italy's bonds". This is the view expressed in a passage of the search order signed by assistant prosecutor Michele Ruggiero, following last Friday's downgrade of Italy's rating. . .
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