Now...let's review what Kyle Bass said about Japan at AC2011:
That's the current talk this morning. EU sources are reporting that the loss of France's AAA is imminent. Causing S&P to sell of 1.2%.. Gold to sell off 15 bucks.. Dollar jumped 1%.
Honestly, this reaction isn't warranted IMO because by now the market should have priced it in. It's...
Look out below:
Egan-Jones Downgrades Goldman From AA To AA-
S&P Downgrades Over 20 Italian Banks, Says Difficult Climate Is Neither "Transitory" Nor "Easily Reversed"
Will post the imminent downgrade news for France and French banks as they come in...