Monday, September 21, 2015

Moody's downgrades France

News
Moody's, citing growing concerns that French economic growth will remain low over the medium term, and the obstacle that this will pose for any material reversal in France's elevated debt burden in the foreseeable future, has downgraded France's sovereign debt one notch from Aa2 from Aa1. This move adds to the growing list of sovereign debt downgrades that includes big names such as Brazil, Japan, and now France.



Business Cycle
Human behavior and business cycle, two forces that will transition the economy from prosperity to liquidation with a force that will likely dwarf the previous experience from 2007 to 2009 (see business cycle), will support plenty of economic, social, and political changes; Trumps rising popularity as anti-political class candidate represent one aspect of political change. Most Americans and citizens of the world, conditioned to leave critical thinking to those unqualified and too biased to do it well, are unprepared for the changes that lie ahead.



Headline: Moody's downgrades France to Aa2 from Aa1 on concerns about weak growth

Moody's Investors Service on Friday downgraded France's sovereign rating to Aa2 from Aa1, citing the continued weakness in the country's medium-term growth outlook. "The main driver of Moody's decision to downgrade France's government bond rating to Aa2 is the increasing clarity, in Moody's view, that French economic growth will remain low over the medium term, and the obstacle that this will pose for any material reversal in France's elevated debt burden in the foreseeable future," the agency said in a statement.


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