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BREAKING Egan-Jones downgrades U.S. rating to AA- from AA

 
2012Portal
2012Portal - The Mayan Calendar

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09/14/2012 03:24 PM

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BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
3:21p

BREAKING

Egan-Jones downgrades U.S. rating to AA- from AA
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 03:24 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
linkage:
[link to www.marketwatch.com]
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 03:25 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Stocks turning south on news
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
PravdaDemocrat

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09/14/2012 03:26 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
3:21p

BREAKING

Egan-Jones downgrades U.S. rating to AA- from AA
 Quoting: 2012Portal


IRS, DOJ, and SEC on thier doorstep in 3... 2...1...

ARE YOU DISTRACTED ENOUGH FROM THE HORRIBLE ECONOMIC NEWS, YET?
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 03:28 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
3:21p

BREAKING

Egan-Jones downgrades U.S. rating to AA- from AA
 Quoting: 2012Portal


IRS, DOJ, and SEC on thier doorstep in 3... 2...1...

ARE YOU DISTRACTED ENOUGH FROM THE HORRIBLE ECONOMIC NEWS, YET?
 Quoting: PravdaDemocrat



"the FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US. "

[link to www.zerohedge.com]
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
DL

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09/14/2012 03:29 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
5a
DL

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09/14/2012 03:29 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
EGAN JONES SAYS QE3 WILL HURT U.S. ECONOMY, CREDIT QUALITY
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 03:31 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
EGAN JONES SAYS QE3 WILL HURT U.S. ECONOMY, CREDIT QUALITY
 Quoting: DL


Yes. Not only that, but stocks are barley in the green, the day after the injection. Seems rather a bad sign.
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 03:35 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
PravdaDemocrat

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09/14/2012 03:39 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
EGAN JONES SAYS QE3 WILL HURT U.S. ECONOMY, CREDIT QUALITY
 Quoting: DL


Yes. Not only that, but stocks are barley in the green, the day after the injection. Seems rather a bad sign.
 Quoting: 2012Portal


We are in an asylum where the nutcases (led by Bernanke and Obama) are running the show, while the people who make sense are tied to the electric chair awaiting their fate.....
Anonymous Coward
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09/14/2012 03:40 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
.


This fucking amateur has got to go!!!


odance

.
PravdaDemocrat

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09/14/2012 03:41 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
3:21p

BREAKING

Egan-Jones downgrades U.S. rating to AA- from AA
 Quoting: 2012Portal


IRS, DOJ, and SEC on thier doorstep in 3... 2...1...

ARE YOU DISTRACTED ENOUGH FROM THE HORRIBLE ECONOMIC NEWS, YET?
 Quoting: PravdaDemocrat



"the FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US. "

[link to www.zerohedge.com]
 Quoting: 2012Portal


Egan-Jones did this because they watched Innocence of Muslims!

This is obviously a TERROR ATTACK directed at our beloved President!
Luisport

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09/14/2012 03:44 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
burnit
No Dhimmi
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09/14/2012 03:46 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
The elites and their partners, the bankers, are the ROOT of the majority of suffering in the world. BOTH political parties are a part of this problem. They cause the inflation eating away at the ability of third world nations to feed themselves. They are destroying the middle class of the US which is its strength. Their goals of power and control of money must be countered.

What can we do?

1. Buy as much silver as you can afford (physical) - if everyone did this, that banks would lose control over much of the manipulation of the "image of the dollar" - please research this, this method is available to most folks, even if EVERYONE just started at one troy ounce per month.


When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from or towards you.
-Mike Maloney


2. For the US, don't vote for Rs or Ds - If enough folks vote for someone else, or none of the above, this would change the paradigm overnight.

3. Study history and stop listening to the main street press - the elites use this to control you

2 year old with

Priceless
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
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09/14/2012 03:48 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
Anonymous Coward
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09/14/2012 03:48 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
cruise
otrike
PravdaDemocrat

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09/14/2012 03:52 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
 Quoting: Anonymous Coward 23756616


Sorry loon, but that bullsh*t don't sell, anymore.

IT'S BARRY'S FAULT!
Get over it...
Anonymous Coward
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09/14/2012 03:54 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
 Quoting: Anonymous Coward 23756616


You are such stupid dumbass mother fucking Obama TURD
Anonymous Coward
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09/14/2012 03:56 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
 Quoting: Anonymous Coward 23756616


Sorry loon, but that bullsh*t don't sell, anymore.

IT'S BARRY'S FAULT!
Get over it...
 Quoting: PravdaDemocrat


No moron, the $16 trillion dollar national debt is almost entirely due to Republikan policies!!!! Another way the repukes are to blame is their obstinate refusal for decades to get medical spending under control.
DL

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09/14/2012 03:57 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
 Quoting: Anonymous Coward 23756616


Sorry loon, but that bullsh*t don't sell, anymore.

IT'S BARRY'S FAULT!
Get over it...
 Quoting: PravdaDemocrat


dfhdjs
DL

User ID: 11619293
United States
09/14/2012 03:58 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
 Quoting: Anonymous Coward 23756616


Sorry loon, but that bullsh*t don't sell, anymore.

IT'S BARRY'S FAULT!
Get over it...
 Quoting: PravdaDemocrat


No moron, the $16 trillion dollar national debt is almost entirely due to Republikan policies!!!! Another way the repukes are to blame is their obstinate refusal for decades to get medical spending under control.
 Quoting: Anonymous Coward 23756616


lmao
PravdaDemocrat

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09/14/2012 03:59 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities."
Full:
[link to www.marketwatch.com]



In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy.
 Quoting: 2012Portal


That's due to the fucking republikans.

Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years.

Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending.
 Quoting: Anonymous Coward 23756616


Sorry loon, but that bullsh*t don't sell, anymore.

IT'S BARRY'S FAULT!
Get over it...
 Quoting: PravdaDemocrat


No moron, the $16 trillion dollar national debt is almost entirely due to Republikan policies!!!! Another way the repukes are to blame is their obstinate refusal for decades to get medical spending under control.
 Quoting: Anonymous Coward 23756616


I could explain it to you, but if you don't get it by now, you are too fu**ing stupid to understand, and waste time on.

HOPEY-CHANGEY, SUCKER!
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 04:00 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Does the president even have the power to legally stop The Fed from enacting such a plan?
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
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09/14/2012 04:02 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Read, dummies:

Growing The National Debt Is A Basic Tenet Of Republican Policy
[link to www.businessinsider.com]
Anonymous Coward
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09/14/2012 04:07 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA

The goal is to shrink government services, and the key to doing it is to drive the government so deeply into debt that slashing government spending will be forced. Deficits are thus an essential part of the Republican strategy, to win their ultimate one-party rule.

What Milton Friedman was saying became the operative Republican strategy, and it’s still working for them, still succeeding.

There is so much documentation on this, that the resistance that virtually all Republican voters display to acknowledging this key reality of their Party is amazing; it proves a massive disconnect between the Party’s operatives, and its electorate. (This disconnect is intentional; Republican voters aren’t supposed to know – and most don’t.)

[link to www.businessinsider.com]
DL

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09/14/2012 04:07 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Read, dummies:

Growing The National Debt Is A Basic Tenet Of Republican Policy
[link to www.businessinsider.com]
 Quoting: Anonymous Coward 23756616


As a daily BI reader, I know how much they love to spew everything anti-repube. Have you ever seen anything negative about Obama?
Anonymous Coward
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09/14/2012 04:08 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA

The goal is to shrink government services, and the key to doing it is to drive the government so deeply into debt that slashing government spending will be forced. Deficits are thus an essential part of the Republican strategy, to win their ultimate one-party rule.

What Milton Friedman was saying became the operative Republican strategy, and it’s still working for them, still succeeding.

There is so much documentation on this, that the resistance that virtually all Republican voters display to acknowledging this key reality of their Party is amazing; it proves a massive disconnect between the Party’s operatives, and its electorate. (This disconnect is intentional; Republican voters aren’t supposed to know – and most don’t.)

[link to www.businessinsider.com]
 Quoting: Anonymous Coward 23756616


Republikans are fucking morons.

pick
Anonymous Coward
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09/14/2012 04:12 PM
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Chimpbama
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09/14/2012 04:20 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Read, dummies:

Growing The National Debt Is A Basic Tenet Of Republican Policy
[link to www.businessinsider.com]
 Quoting: Anonymous Coward 23756616


Link:

The prominent Republican economist Milton Friedman, in a 15 January 2003 Wall Street Journal op-ed “What Every American Wants,” said: “I never met a tax cut I didn’t like. ... How can we ever cut government down to size? I believe there is one and only one way: ... cutting taxes. Resulting deficits will be an effective – I would go so far as to say, the only effective – restraint on the spending.
First, the debt soars, then the government shrinks. That’s the strategy.
Friedman first introduced it in 1978; candidate Ronald Reagan then adopted and defended it in 1980. Here’s how Reagan put it, in a Presidential debate, on 21 September 1980: “John tells us that, first, we've got to reduce spending before we can reduce taxes. Well, if you've got a kid that's extravagant, you can lecture him all you want to about his extravagance. Or you can cut his allowance and achieve the same end much quicker.” They’re still trying, even after having already exploded the federal debt fifteen-fold.
Late in 2002, Vice President Dick Cheney told Treasury Secretary Paul O’Neill, “You know, Paul, Reagan proved that deficits don’t matter.” President George W. Bush wanted huge tax cuts in 2002, but O’Neill wondered how they were going to be paid for, and so he asked questions about the deficits. He was soon fired and replaced, for that.
On 25 May 2001, the anti-tax radical Grover Norquist said on NPR’s “Morning Edition”: “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” He was referring only to taxes, not really to spending (which many naïves interpreted him to mean). Virtually every Republican congressional candidate thus signed Norquist’s “No New Taxes Pledge,” in order to qualify for Norquist’s massive campaign-funding from corporate America.
On 21 June 2012, the Wall Street Journal headlined “Norquist: No-Tax Pledge at New Peak,” and reported that 534 Republican congressmen and challengers had signed his pledge, compared with just 449 in 2010 (when Republicans retook control of the House).
In fact, soon after President Bush II came into office, this Republican strategy was further explained in Nicholas LeMann’s“Bush’s Trillions: How to Buy the Republican Majority of Tomorrow,” in the New Yorker on 19 February 2001, in which a leading Republican Congressman, soon-to-become Senator, South Carolina’s Jim DeMint, was quoted as saying, “Today, fewer and fewer people pay taxes, and more and more are dependent on government. … Every day, the Republican Party is losing constituents, because every day more people vote themselves more benefits without paying for it.”
The goal, therefore, is to loosen the bond between voters and government, by privatizing Social Security, Medicare, public schools, and other social programs. And the best way to force that to happen is to starve government of funds for such programs. It’s called “Starve the Beast.” (That phrase originated in the Reagan Administration.)
If the public comes to hate government, for failing to provide essential services, that’s good for the Republican Party: the public’s disgust with government will cause more and more Republicans to replace Democrats in Congress, and the White House to become a virtually permanent Republican enclave, because the Republican Party favors “small government.” (What a laugh!) As Ronald Reagan (who soared the debt) himself phrased it, in his first inaugural address, “Government is not the solution to our problem; government is the problem.” So, his man, Norquist, wanted to “drown it in the bathtub.”
The goal is thus to shrink government services, and the key to doing it is to drive the government so deeply into debt that slashing government spending will be forced. Deficits are thus an essential part of the Republican strategy, to win their ultimate one-party rule.
What Milton Friedman was saying became the operative Republican strategy, and it’s still working for them, still succeeding.
There is so much documentation on this, that the resistance that virtually all Republican voters display to acknowledging this key reality of their Party is amazing; it proves a massive disconnect between the Party’s operatives, and its electorate. (This disconnect is intentional; Republican voters aren’t supposed to know – and most don’t.)
This disconnect was shown, for example, recently among the readers’ comments that were posted after a news report by Joe Wiesenthal at businessinsider.com – a site whose readership tends to be extremely conservative. On 28 August 2012, Wiesenthal headlined there, “If You’re Still Not Convinced That Mitt Romney Can Save The Economy, Look Who He Might Pick For Fed Chair,”and Wiesenthal identified Romney’s economic advisor Greg Mankiw, former chief economist to George W. Bush, as the likely pick.
Mankiw expressed the view that the economy needed massive monetary “stimulus” from the Fed – the type of “stimulus” conservatives love, as opposed to fiscal “stimulus,” from the government, which Democratic politicians prefer to use during a recession. Both types of “stimulus” add to deficits in the short term, but fiscal stimulus adds directly to both production and consumption, which monetary stimulus does not (that “stimulus” adds instead directly to Wall Street). (The monetary stimulus is preferred because the benefits don’t go to Democratic constituencies.)
The predominantly Republican readership didn’t believe this news report, and they blamed the “liberal” website and reporter for trying to deceive them. After all: Romney/Ryan are promising to decrease the debt, not to make it soar even faster. Ha, ha, ha!


Read more: [link to www.businessinsider.com]
Anonymous Coward
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09/14/2012 04:22 PM
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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Everything is gonna get real expensive.....
2012Portal (OP)
2012Portal - The Mayan Calendar

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09/14/2012 04:22 PM

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Re: BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
Agenda 21, big gov, etc - they do not want to give it up...


Spending cuts would be devastating: White House
Defense, FBI agents, education programs on chopping block
[link to www.marketwatch.com]
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]

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