Posts filed under “Analysts”

John Coffee: Blame Ratings Agencies

Law professor John Coffee explains why major credit rating agencies inflated their ratings and how they caused America’s financial collapse.

Category: Analysts, Bailouts, Video

McGraw-Hill, Moody’s Risks Rise After S&P

> Our chart of the day comes to us today via Bloomberg, looking at YTD performance of McGraw-Hill (parent co of S&P), Moody’s, and the S&P500 Index. David Wilson observes: “McGraw-Hill and Moody’s face two threats because S&P cut the U.S. government to AA+, Appert wrote yesterday in a report. The first is greater regulatory…Read More

Category: Analysts, Credit, Markets

Standard & Poor’s Credit Rating by Country

click for interactive graphic Source: Chartsbin

Category: Analysts, Credit, Digital Media

US Downgrade vs. Other Weak AAA Credits

Here is Brown Brothers Harriman on the S&P downgrade: “With the US downgrade now out of the way, we think market attention will swing back to other DM countries that are facing downward pressure on ratings too. Here is a summary of our most recent ratings outlooks for DM. Our model has the US as…Read More

Category: Analysts, Bailouts, Really, really bad calls

Economists Cast Opinions During Fishing Trip

> 20110808_me_10 > Source: Economists Cast Opinions On S&P During Fishing Trip Chris Arnold NPR, August 8, 2011 http://app1.kuhf.org/articles/npr1312809525-Economists-Cast-Opinions-On-SandP-During-Fishing-Trip.html

Category: Analysts, Economy, Markets, Media, Travel

Downgrading USA: S&P Bites the Hand That Feeds It

Dan Alpert is a founding Managing Partner of Westwood Capital. He has more than 30 years of international merchant banking and investment banking experience, including a wide variety of work-out and bankruptcy related restructuring experience. Dan’s experience in providing financial advisory services and structured finance execution has extended Westwood’s reach beyond the U.S. domestic corporate…Read More

Category: Analysts, Bailouts, Politics

S&P Downgrade of US Creditworthiness: Some Initial Thoughts

S&P Downgrade of US Creditworthiness: Some Initial Thoughts August 7, 2011 Don Rissmiller, Strategas – Weekly Economics Summary 7 August 2011 ~~~ S&P’s logic: “On Aug. 5, 2011, Standard & Poor’s Ratings Services lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’. The outlook on the long-term rating…Read More

Category: Analysts, Credit, Think Tank

Brodsky on S&P Downgrade

Paul Brodsky & Lee Quaintance run QB Partners, a private macro-oriented investment fund based in New York. ~~~ Takeaway: We believe the downgrade of US Treasury obligations is legitimate and, in one very relevant way, insufficient. First, the nominal creditworthiness of Treasury obligations is solely a function of controlling the printing press. Congress ultimately retains…Read More

Category: Analysts, Credit

10 Questions About S&P Downgrade

The downgrade from TripleAAA to AA+ by Standard & Poors raises many questions. Here is my list of most important issues the downgrade raises: 1. The change in trajectory of US debt was in service of Banks: It began with TARP, and continued with every other bailout/stimulus/economic plan. What was S&P’s role in creating that…Read More

Category: Analysts, Bailouts, Credit

S&P Downgrades US to AA+

Here is the great irony: S&P (and the rest of the ratings agencies)  helped contribute in no small way to the overall economic crisis. The toadies rated junk securitized mortgage backed paper AAA because they were paid to do so by banks. They are utterly corrupt, and should have received the corporate death penalty (ala…Read More

Category: Analysts, Bailouts, Credit