It is startling to think that the S&P downgrades could have any sort of effect on the markets. The sovereign debt markets have been telling those who are attentive that not all countries in the European Union are equal. Several of the GIIPS have had interest rate yields far above those of the German benchmark for almost two years. Even the French 10-year note has widened to 150 BASIS POINTS over the German 10-year BUND during the last six months. DO WE REALLY NEED S&P OR OTHER RATING AGENCIES TO CERTIFY WHAT THE MARKETS HAVE BEEN SAYING?
Posts Tagged ‘corn-based ethanol’
Notes From Underground: S&P, The Insider’s Trading Edge
January 16, 2012Notes From Underground: EUROPEAN BANK STRESS TESTS = AYSO Soccer
July 17, 2011For all those who have ever been involved with American Youth Soccer Organization (AYSO), it is easy to see the similarity between the EBA‘s “stress tests” and a youth soccer game. Like AYSO, the Euro STRESS TESTS meant that everyone who plays gets a trophy for showing up. The philosophy is that every participant is a WINNER. Also, there is no keeping score for that would be bad sportsmanship. So, the EURO STRESS TESTS are treated in the same light.