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Stock futures slip as Fitch downgrades Japan
marketwatch.com ^ | May 22, 2012 | William L. Watts

Posted on 05/22/2012 4:43:56 AM PDT by John W

FRANKFURT (MarketWatch)—U.S. stock futures gave up modest early gains to trade near unchanged after Fitch Ratings cut Japan’s credit rating, citing rising public debt and slow deficit-reduction efforts.

Fitch said it cut Japan’s sovereign rating to A-plus from AA with a negative outlook, which means a further cut is possible. Fitch cited the country’s “high and rising public debt ratios” and a fiscal-consolidation plan it described as “leisurely.”

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS:

1 posted on 05/22/2012 4:44:02 AM PDT by John W
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To: John W

I hope I’m not the only one that is starting to see a well-orchestrated “Global Depression” in the very near future.


2 posted on 05/22/2012 4:56:01 AM PDT by panaxanax (Voting 'Third Party' will ensure a Communist-Marxist-Socialist dominated Supreme Court!)
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To: panaxanax

I do not know the background on Fitch, but, it’s interesting that they seem to be taking the opposite view of many now in power in the world who seem hell bent on driving everything off a cliff.


3 posted on 05/22/2012 5:02:26 AM PDT by John W (Viva Cristo Rey!)
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To: panaxanax
Dear Pan:

We're already there. We are 4 years into it.

All the quantitative easing has done is mask the depth and breadth of the damage and made the situation worse. The US and EU are trying to prop up a sinking ship.

Bad news is, we haven't hit bottom yet.

4 posted on 05/22/2012 5:15:28 AM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: panaxanax
Dear Pan:

We're already there. We are 4 years into it.

All the quantitative easing has done is mask the depth and breadth of the damage and made the situation worse. The US and EU are trying to prop up a sinking ship.

Bad news is, we haven't hit bottom yet.

5 posted on 05/22/2012 5:15:28 AM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: panaxanax
I hope I’m not the only one that is starting to see a well-orchestrated “Global Depression” in the very near future.

Seems to be the plan - bring the whole world and its Peoples to their knees to achieve "fairness" and consolidate absolute power amongst the "leaders". I can't see any other reason for our markets to not have crashed yet - maintaining a semblance of the "staus quo" by destroying everone across the globe.

6 posted on 05/22/2012 6:28:42 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: panaxanax

There certainly is no effective “orchestration” going on unless all the players are just doing what they want when they want. It is to NO one’s advantage to plunge into a depression any more than there was in the 30s.

Read Milton Friedman’s analysis to see just how misguided, incompetent and muddle-headed the financial authorities were in the thirties. The left hand did not know what the right hand was doing most of the time and the politicians had no clue either. Not just here but across the world.

Japan’s problems have been made acute by the disaster of the nuclear tsunami rather than incompetent financial decisions. Did the Illuminati cause the undersea earthquakes producing the Big Wave? I don’t think so, but, if so, we are in way over our heads.


7 posted on 05/22/2012 12:21:21 PM PDT by arrogantsob (Obama must Go.)
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To: trebb

Said “plan” will ensure Obama’s defeat this fall. So is this a Vast Right Wing Conspiracy?


8 posted on 05/22/2012 12:23:47 PM PDT by arrogantsob (Obama must Go.)
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To: panaxanax

nope I see that too


9 posted on 05/22/2012 12:31:40 PM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: arrogantsob
Said “plan” will ensure Obama’s defeat this fall. So is this a Vast Right Wing Conspiracy?

Obviously - those obstructionist Republicans kept Obama from saving the world.

10 posted on 05/23/2012 4:00:19 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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