Tag Archives: Debt

European Crisis – Lets get on with it

Now that European leaders convince themselves that they have cobbled together a pact to save the Euro and Europe itself, it will only be a matter of time until the crisis resumes. Germany has lost its power and has basically … Continue reading

Gallery | Tagged , , , , , , , , , , , , | Leave a comment

S&P is muzzled

S&P says it will not cut the US credit rating based on the failure of supercommittee to reach a debt reduction deal. The S&P downgraded US debt in August 2011 due to US debt ballooning out of control easily blowing … Continue reading

Gallery | Tagged , , , , , , , , | Leave a comment

To Big to Bail (TBTB)

It has become obvious that Greece will be leaving the Euro, they will walk away from the debt they have amassed. The Irish and Portuguese are taking a different root, they have so far agreed to take on the debts that went … Continue reading

Gallery | Tagged , , , , , , , , , , , | Leave a comment

America’s Credit Rating Cut – Why are so many shocked?

It should not be lost on anyone, with the exception of Geithner, Bernanke and Greenspan (GBG)  as to why S&P cut America‘s credit rating from AAA to AA. The country relies on foreigners to funds its deficits and has been … Continue reading

Gallery | Tagged , , , , , , , | Leave a comment

Debt Ceiling – Why call it a ceiling if it keeps rising.

An American homeowner comes home to find his sewage system has backed up into the house. In fact, the sewage is now up to the ceiling. The homeowner is inclined to pump out the crap but before he does, he … Continue reading

Gallery | Tagged , , , , , , , | Leave a comment