Silver as an investment

Category Archives: Credit Rating Agencies

How Economics Failed The Economy

Authored by Umair Haque via Eudaimonia blog, When, in the 1930s, the great economist Simon Kuznets created GDP, he deliberately left two industries out of this then novel, revolutionary idea of a “national income”: finance and advertising. Don’t worry, this essay isn’t going to be a jeremiad against them, that would be too easy, and […]

China Issues First Dollar Bond Since 2004, Bails Out Corporate Liquidity

Despite downgrades from the rating agencies, China is issuing its first sovereign dollar bond issues in 13 years on an unrated basis (what do the agencies know anyway) and at tight spreads to US Treasuries. The 5 and 10-year issues come just over a month since S&P cut the nation’s rating one level to A+ […]

“It’s A Perfect Storm”: List Of Retailers In Danger Of Bankruptcy Hits Record 22

The US retail sector continues to sink at an alarming rate, and according to the latest iteration of Moody‘s list of retailers who are in danger of filing for bankruptcy, there are now 22 distressed retailers whose troubled financials the rating agency believes could make them potential bankruptcy candidates in the near future, up substantially […]

“Precarious” Debt Crisis “Could Reverberate Around The World”

Authored by Dambisa Moyo, published op-ed by The FT, Virtually every class of US debt — sovereign, corporate, unsecured household/personal, auto loans and student debt — is at record highs. Americans now owe $1tn in credit card debt, and a roughly equivalent amount of student loans and auto­loans which, like the subprime mortgage quality that […]

Angry China Slams Moodys For Using “Inappropriate Methodology”

The market may have long since moved on from Moody’s downgrade of China to A1 from Aa3 (by now even long-only funds have learned that in a world with $18 trillion in excess liquidity, the opinion of Moodys is even more irrelevant), but for Beijing the vendetta is only just starting, and in response to […]

Moodys Slashes Ratings On 6 Canadian Banks, Fears Asset-Quality Deterioration, Soaring Household Debt

Amid Poloz-described "unsustainable prices" in various cities, and just days after the collapse of Canadian mortgage lender Home Capital Group and our discussion of the dire state of Canadian savers (and their record household debt), Moodys has cut the ratings on six of Canada's largest banks because of "ongoing concerns that expanding levels of private-sector […]

ZeroHedge: Here Is Why One Credit Rating Agency Believes Russia Is Safer Than The US

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. If posed with the question who has the better credit rating, the United States or Russia, most people would presumably pick the United States. However, that is not the case for Dagong Global Credit Rating Co, one of the three […]

ZeroHedge: It Takes A Village To Maintain A Dangerous Financial System

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Mike Krieger via Liberty Blitzkrieg blog, Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.   We […]

ZeroHedge: The Big Short of ‘Mother Frackers’

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. By EconMatters   Energy Bankruptcy Boom 2015   Dozens of oil and gas companies went into bankruptcy last year. While energy E&P companies were dropping like flies in 2015, credit rating agencies and banks have remained awfully quiet and apparently buried their […]

“This Isn’t Going To End Well” – Junk Bonds Under Pressure

Submitted by Pater Tenebrarum via Acting-Man.com, While the Stock Market is Partying … There are seemingly always “good reasons” why troubles in a sector of the credit markets are supposed to be ignored – or so people are telling us, every single time. Readers may recall how the developing problems in the sub-prime sector of […]