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  • S&P Downgrades China

    by coldwarrior ( 8 Comments › )
    Filed under China, Economy, Open thread at September 21st, 2017 - 6:31 am

    This is long overdue:

    S&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risks from soaring debt, and revised its outlook to stable from negative.

     The sovereign rating was cut by one step, to A+ from AA-, the agency said in a statement late Thursday. The analysts also lowered their rating on three foreign banks that primarily operate in China, saying HSBC China, Hang Seng China and DBS Bank China Ltd. are unlikely to avoid default should the nation default on its sovereign debt.
     “China’s prolonged period of strong credit growth has increased its economic and financial risks,” S&P said. “Although this credit growth had contributed to strong real GDP growth and higher asset prices, we believe it has also diminished financial stability to some extent.”
     The downgrade, the second by a major ratings company this year, represents ebbing international confidence China can strike a balance between maintaining economic growth and cleaning up its financial sector. The move may also be uncomfortable for Communist Party officials, who are just weeks away from their twice-a-decade leadership reshuffle.
    The cut will “have a relatively big impact on Chinese enterprises since corporate ratings can’t be higher than the sovereign rating,” said Xia Le, an economist at Banco Bilbao Vizcaya Argentaria SA in Hong Kong. “It will affect corporate financing.”

    Moody’s Investors Service cut its rating on the world’s second-biggest economy to A1 from Aa3 in May, citing similar concerns over economy-wide debt and effects on state finances.

    ARRRRH!!! Tis International Talk Like A Pirate Day!

    by coldwarrior ( 37 Comments › )
    Filed under Open thread at September 19th, 2017 - 7:44 am

    Prepare to be boarded!

    NFL Week 2!

    by Deplorable Barbarian ( 41 Comments › )
    Filed under Uncategorized at September 17th, 2017 - 12:45 pm

     

    Well, THIS sure isn’t gonna pay the bills…..

     

    Nothing worse than waking up early on a Sunday morning, thinking you’re going to luxuriate, drink some coffee and watch a Columbo rerun and realizing you haven’t put the Sunday column to bed (for afficianados of the detective series, it was the one where William Shatner plays Rush Limbaugh).  So this’ll be a quick drive by.

    There apparently is some growing concern in the NFL that the stadiums are not as full they should be.  Earlier this week, eaglesoars posted a picture of the empty Levi Stadium as the 49ers hosted their home opener.  The above is the home opener of the L.A. Rams playing in the Los Angeles Coliseum.  Now, in fairness, the Coliseum holds about 100,000 people (which by the way college teams are able to do on a regular basis).  It’s a good thing the NFL continues to suspend the blackout rule – otherwise the good people of L.A. would have missed the game.

    According to reports, the NFL is rather concerned about the decline in attendance and viewers.  So are the three networks that broadcast them.  To a growing number of people, Sunday afternoon is no longer “must see TV.”  I have a solution.  Try to remember that we watch sports to get AWAY from politics – not be a captive audience to nasty little commenters and players.  Oh, and since the Stockley trial resulted in a “not guilty” verdict on Friday, expect to see a lot of players pull a Krapperdick today.  That’s if you watch at all.

    Here are the matchups.

    Browns @ Ravens
    Bills @ Panthers
    Cardinals @ Indianapolis
    Titans @ Jaquars
    Eagles @ Chiefs
    Patriots @ Saints
    Vikings @ Steelers
    Bears @ Buccaneers
    Dolphins @ Chargers
    Jets @ Raiders
    Cowboys @ Broncos
    Redskins @ Rams
    49ers @ Seahawks
    Packers @ Falcons

    Monday’s Game (no one cares – it’s ESPN; sorry, Mack – I feel your pain)
    Lions @ Giants

    In the MLB, looks like just about everyone is playing today as the season draws down to its last two weeks

    Orioles @ Yankees
    Red Sox @ Rays
    White Sox @ Tigers
    Royals @ Indians
    Pirates @ Reds
    Mets @ Braves
    Athletics @ Phillies
    Brewers @ Marlins
    Mariners @ Astros
    Blue Jays @ Twins
    Cardinals @ Cubs
    Padres @ Rockies
    Rangers @ Angels
    D-Backs @ Giants
    Dodgers @ Nationals

    NASCAR begins “the Chase for the Championship” at ChicagoLand Speedway – 3:00 p.m. Eastern

    In the PGAthe FedEx Cup playoffs continue with the final round of the BMW Championship.  Nice to see Jason Day and Rickie Fowler back at the top of the leaderboard.  I’ve gotten Football Savant Offspring interested in golf now, and Rickie’s his guy.  I’ve always had a soft spot for Mr. Day myself, especially since when he wins I get to see that adorable little boy of his.

    NCAA D-1 College Football Week 3 2017 Open

    by coldwarrior ( 35 Comments › )
    Filed under College Football, Open thread at September 16th, 2017 - 12:00 pm

    It’s an Open…

    So far it looks like I’m at about 75% correct. I don’t bet with real money, i do keep a small ledger to see how I do. This year, not bad. In the very long a profit has been made as well.

    That said, I’d like to thank Oklahoma for going into the ‘Shoe last weekend and showing Ohio State University how to play football. Sorry, Buckeye fans but I was not buying the Ohio State University hype.

    So, for week 3 we have not too many big games. So, I’ll write up a few that interest me.

    #9 Oklahoma State

    12:00 PM ESPN

    PITT is getting 13. My beloved Panthers will not cover the spread and will get blown off the field at home by the Oklahoma State Cowboys VERY potent offense.

     

    #23 Tennessee

    3:30 PM

    The vols are getting 5 points in Reno on the raod at the ‘Gators. Nope, no sire, the Vols don’t cover this spread and lose their seventh in a row visit to Florida.

    #3 Clemson

    8:00 PM

    Louisville is getting 3 at home against Clemson. Nope, Clemson covers this on the road.

     

    Texas

    #4 USC

    8:30 PM

    Texas is getting 16 at USC. They won’t cover. Keep Austin Weird! USC is the real deal peeps.


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