Shock!.......Mega agrees with the French!

[Mega]

Via La France!
http://www.reuters.com/article/2011/...7BE05I20111215
Mike

[lektrode]

Re: Shock!.......Mega agrees with the French!

Via La France!
http://www.reuters.com/article/2011/...7BE05I20111215
Mike

GASP!
say it aint so, mike!

oh.... now eye see what you mean...

"The downgrade does not appear to me to be justified when considering economic fundamentals," Noyer said. "Otherwise, they should start by downgrading Britain which has more deficits, as much debt, more inflation, less growth than us and where credit is slumping," he said.


Noyer was also unhappy about critical comments from ratings agencies following last week's EU summit in Brussels. He said such comments had weakened positive sentiment that arose in the markets following the agreement to draft a new treaty for deeper integration in the euro zone.
"Frankly, the agencies have become incomprehensible and irrational. They threaten even when states have taken strong and positive decisions," Noyer said. "One could think that the use of agencies to guide investors is no longer valid."

hmmmm - good point - but.... oh... yeah right - NOW they tell us.....

[Mega]

Re: Shock!.......Mega agrees with the French!

As the man sez the gloves are off!

The British scum are using the "City" to attack Euro-members..............like HELL they are just going to sit there & take this crap!

They are going to cut the "City" out of their bussiness..........no more naked CDS!!!
You want to short something limey?, show us the money!

[don]

Re: Shock!.......Mega agrees with the French!

in related news . . .

14 December 2011

UK Public 'the Worst Off' of the developed G7 Countries With 4.5% Negative Interest Rates


Perhaps this is why the western Central Banks are so determined to prevent the price of gold from breaking out, and keep putting out disinformation from within a cloak of secrecy about their inflationary policies and money creation.

Negative real interest rates are very bullish for gold, and highly corrosive to the ordinary savings of those who lack the sophisticated financial instruments to otherwise protect themselves.

...Negative real interest rates occur when the inflationary rate, or CPI, is greater than the current interest rate. A quick account of the G-7 and E-7 countries shows that the majority have negative real interest rates.

Across the developed G-7 countries, British citizens are the worst off with real interest rates in the U.K. sitting at negative 4.5 percent. U.S investors aren’t doing much better with rates at negative 3.25 percent and the Fed has all but guaranteed rates will remain there. Only Japan has a positive real interest rate among the G-7 and that rate is barely above zero.

Conversely, the most populous nations making up the E-7 have mostly positive real interest rates. However, the grouping’s grandest economic powerhouses, China and India, have negative real interest rates sitting around negative 2 percent.

Frank Holmes, Central Bank Appetite And The Monetary Case For $10,000 Gold, Forbes (and Jesse)

[GRG55]

Re: Shock!.......Mega agrees with the French!

in related news . . .

14 December 2011

UK Public 'the Worst Off' of the developed G7 Countries With 4.5% Negative Interest Rates


Perhaps this is why the western Central Banks are so determined to prevent the price of gold from breaking out, and keep putting out disinformation from within a cloak of secrecy about their inflationary policies and money creation.

Negative real interest rates are very bullish for gold, and highly corrosive to the ordinary savings of those who lack the sophisticated financial instruments to otherwise protect themselves.

...Negative real interest rates occur when the inflationary rate, or CPI, is greater than the current interest rate. A quick account of the G-7 and E-7 countries shows that the majority have negative real interest rates.

Across the developed G-7 countries, British citizens are the worst off with real interest rates in the U.K. sitting at negative 4.5 percent. U.S investors aren’t doing much better with rates at negative 3.25 percent and the Fed has all but guaranteed rates will remain there. Only Japan has a positive real interest rate among the G-7 and that rate is barely above zero.

Conversely, the most populous nations making up the E-7 have mostly positive real interest rates. However, the grouping’s grandest economic powerhouses, China and India, have negative real interest rates sitting around negative 2 percent.

Frank Holmes, Central Bank Appetite And The Monetary Case For $10,000 Gold, Forbes (and Jesse)

Imagine the surprise around these parts at this news!

Shows that the coordinated, aggressive reflation policies around the world have been successful, and only Japan still suffers from that dastardly and destructive DE-flation. As Ben warned us in November 2002, "The US Government has a technology, called a printing press...".

What we now have confirmed once again is that a technology advantage is usually short lived, and in this instance the US Government is not alone in having access to that particular technology ;-)

[lektrode]

Re: Shock!.......Mega agrees with the French!

uh... GRG?
you fergot the /sarcasm switch
it can be quite difficult to keep up with y'all at times...
;)