Shaky Big Banks: Goldman Sachs and Citigroup Face Ratings Drop

Written by Gary North on February 23, 2012

This will cheer you up. Moody’s is planning to downgrade Goldman Sachs and Citigroup. Too bad it’s three years too late. But better late than never. The announcement that 17 banks and securities firms that have exposure to global capital markets will be reviewed for potential rating downgrades by Moody’s Investors Service (NYSE:MCO) has renewed […]

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Meltdown 2 Is Coming

Written by Gary North on December 13, 2011

We remember the meltdown in late 2008. Get ready for another one, says MarketWatch’s David Weidner. First it will hit in Europe. Then here. There is a connection. Americans are “being held hostage by the Angela Merkels, Nicolas Sarkozys, Mario Draghis and Mario Montis.” Moreover, it’s not just our wealth, it’s our ability to attain […]

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