Snarcoleptic_Hoosier: Sounds like the French Freedom credit rating is.... fried.

*sunglasses*

FTFY

I am not French smrt and too lazy too research this myself. What does "merde" mean?

/ not French smrt
// MBA smrt

shiat

MBA Whore: I am not French smrt and too lazy too research this myself. What does "merde" mean?

/ not French smrt
// MBA smrt

It's smelly and usually brown and rhymes with "spit."

Pas sûr pour le travail; nous avons deux langues officielles, subby.

/some proper French speaking farker might check that for me

PleaseHamletDon'tHurtEm: MBA Whore: I am not French smrt and too lazy too research this myself. What does "merde" mean?

/ not French smrt
// MBA smrt

It's smelly and usually brown and rhymes with "spit."

and it sounds like a bell.

wow, skipped 'zut alors' and went all the way to 'merde'.

/whats next?
//mon dieu?

The Flexecutioner: wow, skipped 'zut alors' and went all the way to 'merde'.

/whats next?
//mon dieu?

sacrebleu!

So it's still ahead of the US, but may get taken down a notch if things don't improve.

/still they're both far better than my country's stable AA

This is now an existential matter of national security to the nations getting downgraded. These are nations, with sometimes competent spy agencies. The bean counters at Fitch et. al. are either very brave or very stupid. With their track records giving mortgage backed securities AAA ratings, I am going to go with very stupid.

bootman: This is now an existential matter of national security to the nations getting downgraded. These are nations, with sometimes competent spy agencies. The bean counters at Fitch et. al. are either very brave or very stupid. With their track records giving mortgage backed securities AAA ratings, I am going to go with very stupid.

At the same time, the eurozone has been lending eachother like crazy, and if one country fails, the entire banking system collapses. So there is a real systemic risk. Unfortunately, each elected leader decided to take the easy way out and year after year and build up a massive mountain of debt to fuel unsustainable programs whether that was large pensions, wars, etc. The idea was that they were building long term value, and that the economy would grow out of the debt. Now here we are in deflation (much more so in the eurozone), with a debt crisis which almost certainly will involve some combination of default and or hyperinflation due to money printing or higher borrowing costs from default. The scary thing is that the ratings agencies only downgrade these days when it is apparent that the institution is already at the brink of insolvency. Sleep tight.

surrenderism

New Age Redneck: Pas sûr pour le travail; nous avons deux langues officielles, subby.

/some proper French speaking farker might check that for me

Better off studying Greek. French is a dead language for a dead culture. It's similarity to Spanish is its only saving grace.