17.7 C
London
Friday, May 24, 2024
secret satire society
HomeBusinessStandard and Poor's Downgrades Standard and Poor's

Standard and Poor's Downgrades Standard and Poor's

NEW YORK - USA - Ratings agency, Standard and Poor's was today downgraded by itself from AAA status to a decidedly negative outlook, plunging world markets into chaos.

Standard & Poor’s cut its outlook for itself to negative from stable due to risks from its mass downgrading sprees it has been doing of late.

“We’ve downgraded so many countries, companies and financial institutions that we thought, what the hell, let’s downgrade ourselves as well,” Eric Maxbygraves, Standard and Poor’s chief downgrader told the Financial Times.

Mr Maxbygraves also added that S&P also wanted to downgrade their competitors like Moody’s and Fitch: “They don’t get off lightly. We’re going to downgrade them in the next few days as well,” he said.

The move sparked a rally in gold, seen as a secure investment, which hit a new high as it moved close to 10,500 US dollars an ounce.

  Daily Squib Book

  DAILY SQUIB BOOK The Perfect Gift or can also be used as a doorstop. Grab a piece of internet political satire history encapsulating 15 years of satirical works. The Daily Squib Anthology REVIEWS: "The author sweats satire from every pore" | "Overall, I was surprised at the wit and inventedness of the Daily Squib Compendium. It's funny, laugh out loud funny" | "Would definitely recommend 10/10" | "This anthology serves up the choicest cuts from a 15-year reign at the top table of Internet lampoonery" | "Every time I pick it up I see something different which is a rarity in any book"
- Advertisment -

NEWS ON THE HOUR

curtis-press
curtis-press
curtis-press
curtis-press

MORE NEWS

THE DAILY SQUIB ANTHOLOGY

The definitive book of Juvenalian satire and uncanny prophesies that somehow came true. This is an anthology encompassing 15 years of Squib satire on the internet compiled and compressed into one tiddly book. Buy the Book Now!

Translate »