Greece’s Credit Rating Raised by Moody’s on Fiscal Outlook

[Beet]

http://www.bloomberg.com/news/2014-08-01/greece-s-credit-rating-raised-by-moody-s-on-fiscal-outlook-1-.html

I'm linking this article just for the sake of linking to it. Yes, I know, we have all forgotten about Greece by now, but this is too.... I can't think of a word for it.... to pass up.

[TheDeadFlagBlues]

As usual, there is no correlation between credit ratings and reality.

[Landslide Lyndon]

As usual, there is no correlation between credit ratings and reality.

Indeed.

[Bacon King]

from the article:

Investors routinely ignore ratings companies’ decisions. In almost half the instances, yields on government bonds fall when a rating action by Moody’s and S&P suggests they should climb, or they increase even as a change signals a decline, according to data compiled in 2012 by Bloomberg on 314 upgrades, downgrades and outlook changes going back as far as the 1970s. When S&P downgraded the U.S. government in August 2011, bonds rose and pushed Treasury yields down to records.

[tarheel-leftist85]

So, the banksters have permanently unemployed and impoverished enough people...for now?