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Moody's cuts Japan's credit rating to Aa3 from Aa2, citing "large budget deficits and the...

Moody's cuts Japan's credit rating to Aa3 from Aa2, citing "large budget deficits and the build-up in Japanese government debt since the 2009 global recession."
Comments (6)
  • lowemoran
    , contributor
    Comments (130) | Send Message
     
    Bullish!!!!

     

    Helicopter Benny to the rescue Friday.......
    23 Aug 2011, 07:34 PM Reply Like
  • EMS
    , contributor
    Comments (582) | Send Message
     
    He is going to absolutely flood the streets w cash. Everyone knows it. Gold may continue the parabola. As per equities, it's setting up for a momentous Monday event me thinks (since we won't hear from the maestro until after hrs on Friday).
    23 Aug 2011, 08:32 PM Reply Like
  • buybuybear
    , contributor
    Comments (389) | Send Message
     
    Will their bonds rally like in the US after the downgrade?
    23 Aug 2011, 07:56 PM Reply Like
  • Tschurin
    , contributor
    Comments (361) | Send Message
     
    The SEC should get right on it and investigate Moody's for having the audacity to actually downgrade a country that had persistent deficits and a large build-up of government debt. First the United States, then Japan...pretty soon a ratings agency will be speaking the truth about any country.
    23 Aug 2011, 09:31 PM Reply Like
  • bonehead69
    , contributor
    Comments (212) | Send Message
     
    What business does the IMF have in telling Japan to raise their sales tax? Those socialists need to keep their hands off our money and take a hike. Japan's problems are the same as the rest of the world. Ben and his magic press. We are exporting inflation and now our lack of demand is killing the planet. Japan is going to spend $100 billion to devalue their currency to prop ours up. If the fed quit buying our debt, treasury rates would go through the roof. Japan has a higher credit rating than the US and Europe in my book, because most of it is owed to it's own people.
    23 Aug 2011, 11:20 PM Reply Like
  • stevegrowth
    , contributor
    Comments (109) | Send Message
     
    THIS Will drag S&P down another 5%
    24 Aug 2011, 12:25 AM Reply Like
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