Moody’s placed the US triple bond rating on “review for a possible downgrade” and warned that even if the US did raise the debt ceiling, that might not be enough to save the US’s AAA rating. Also the S&P has estimated the probability of the US losing its rating at a shocking 50%. Euro Pacific Capital’s Michael Pento weighs in.
www.stockmarketfunding.com Bank bailouts bleeding Ireland! Ireland’s credit ratting downgrade by Moody’s StockmarketFunding.com’s CEO & Chief Economic Analyst Mario Marciano alerted investors and traders over a year ago of the credit risks of the Eurozone, specifically Ireland and how the risks were systemic and would ultimately took to debt downgrades. We highlighted the problems with the very high debt Ratio. In this video we discuss US GDP increase of 3% and how that can easily go to %. The support of the current banking system in Europe as made it clear that Ireland has a problem. These worldwide leaders didn’t want to do the right thing and clean up their balance sheets. They decided to bailout Greece and we told people about the longer term implications of such irrational policies. The earnings cycle in the US will go down as global spending continues to decline. This is the peek in those earnings cycle as we’ve been highlighting in recent videos. On 30 September 2008, the Irish Government declared a guarantee that intends to safeguard the Irish banking system. The Irish State guarantee, backed by taxpayer funds, covers “all deposits (retail, commercial, institutional and interbank), covered bonds, senior debt and dated subordinated debt”. As of December 2007, Ireland’s nett unemployment benefits for long-term unemployed people across four family types (single people, lone parents, single-income couples with and without children) was the third highest of the OECD …
Video Rating: 4 / 5
