I don't understand any of this but thought some of you folks might be interested. I read rumors of a French downgrade have affected the markets.
To: La Enchiladita
It should be easy for the French to keep their credit rating up. I mean, they can offer the raters some French wine and cheeses and croissants and those Parisian women! ooh-la-la! Now, how could those rating companies downgrade France with an offer like that, no?
2 posted on
08/10/2011 3:13:47 PM PDT by
OrangeHoof
(Obama: The Dr. Kevorkian of the American economy.)
To: La Enchiladita
I remember that some were saying of the S&P downgrade of the US that it doesn’t make a whole lot of sense because France is in worse shape as far as spending and debt, and it’s not like they can just go print up a bunch of euros and make it all, or even some of it better.
3 posted on
08/10/2011 3:17:33 PM PDT by
dajeeps
To: La Enchiladita
...are they raising taxes and spending more?
That’s how you save your credit rating after all, right?
/sarc
4 posted on
08/10/2011 3:20:11 PM PDT by
Tzimisce
(Never forget that the American Revolution began when the British tried to disarm the colonists.)
To: La Enchiladita
Sacre bleu!
Qui aspire!
5 posted on
08/10/2011 3:24:58 PM PDT by
SnuffaBolshevik
("The trouble with internet quotations is that you don't know if they are true"-Abraham Lincoln.)
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