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Friday, January 13, 2012

Friday The 13th?

The surprise is not France's downgrade. Everyone really expected that. But Italy goes to BBB+. That's not a surprise, but under the circs I guess it really won't help.

By Monday the question will be the ratings on the joint European debt facilities. Monti is pushing hard for Eurobonds, but what would the rating on them be?

Cue "Helicopter Ben" in 5...4...3...
They DO seem scared, don't they? They're sounding very cautionary notes.

I'm reading a bunch of Fed stuff right now to get a fix on the mentality.

My Word Verification is "ressess", which I guess is what happens when all your assets are declining in value.
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