Moody’s downgrades Greece’s debt to ‘junk’ status
Moody’s downgrades Greece’s debt to ‘junk’ status yesterday in a move that was bound to happen anyway. I can not say I am suprised.
Moody’s Investors Service on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country.
The agency downgraded the rating by four notches to Ba1, placing it one notch into junk status. The outlook is stable.
Moody’s also downgraded Greece’s short-term issuer rating to not-prime from Prime-1. It is what we have been explaining for a long time.(Reuters) They scream recovery but look what is happening. I am sorry to say that you have not seen anything yet.
So do you want the bad news first or the good juice? Ok…well….Ummmmm I will just lay it on you.
The bad news is things will start to get worse, but not yet. The Good news….SIMPLE!!! when things do get worse you can actually profit from people panicing out there. There are lots of ways actually. One of my favourite ways is through the stockmarket or currencies. But there are lots of other ways you can do this but you have to know what you are doing?.
If you are one of those people that sit back and wait for things to happen this is not a good era to be living in. But if you are a self confessed go-getter and will give almost anything a go. Well I can say to you that no matter what happens, you have already proven to be a good candidate to succeed in the coming times.
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