Next Wave 2.0

The rating company S&P assigned AA+ scores to securities in the $2.9 trillion municipal bond market including school- construction bonds in Irving, Texas; debt backed by a federal lease in Miami; and a bond series for multifamily housing in Oceanside, California. Olayinka Fadahunsi, an S&P spokesman, said he couldn’t provide a dollar figure on the affected debt. “It’s expected, but nobody is happy about it,” Bud Byrnes, chief executive officer of Encino, California-based RH Investment Corp., said in a telephone interview

Matt Fabian, a managing director of Concord, Massachusetts- based Municipal Market Advisors, a financial research company, said in a telephone interview that he expected “hundreds and hundreds of municipal downgrades,” which may hurt investor confidence. “Treasuries may be able to shake off a real impact from the downgrade,” he said. “Munis, I’m less sure about." That's ok, while nobody has any idea what is coming, that won't stop 99.9% of those on Comcast's financial comedy channel from opining anyway.

Sure, just like the Fukushima explosion had no impact on the lift expectancy of those surrounding it back in March. Perhaps we should all check back with population in the immediate vicinity in a few years... And then do the same for debt issuers in the US.
http://www.zerohedge.com/news/sp-cuts-aaa-rating-thousands-municipal-bonds

South Korea Joins Greece In Banning Short Selling
Yesterday Greece, today Korea, tomorrow the world. The traditionally last ditch attempt by a regulator losing control of events: making short selling illegal, is starting to appear in random places, first showing up in Greece, and now in South Korea, where the capital markets commissioner just said no most shorting for 3 months.

South Korea’s Financial Services Commission will also temporarily ease daily limit on amount of shares companies can buy back. This latest short selling ban has put many on edge, and following Italy's move to ban naked short selling several weeks ago it is now expected that at least several more European countries will follow in these footsteps, further eliminating price discovery and destabilizing market confidence and more.
http://www.zerohedge.com/news/south-korea-joins-greece-banning-short-selling

Japan econmin: should think more about QE steps
Japanese economics minister Kaoru Yosano said on Tuesday that Japan should give more thought to the range of quantitative easing steps it uses, as the country struggles to deal with a strong yen.

"We need to consider whether we can give somewhat more thought to the range of quantitative easing (steps used in Japan)," he told a news conference.

He also warned that economic risks are on the rise globally, adding that the global economy could fall into an emergency situation if governments take the wrong course on policy. (Reporting by Yoko Kubota; Editing by Joseph Radford)
http://uk.reuters.com/article/2011/08/09/japan-economy-yosano-idUST9E7J100I20110809

Next wave
http://intheendwerealldebt.blogspot.com/2011/08/next-wave.html

Clearly our master all over the world indeed are very keen to give away our money for free in order tro "save the world from disaster". As a thank you very much then the taxpayes are given austerity withing just a very short while thereafter.

Thats whats now on the verge to happen in the US as well as even in Germany (if this EFSF idiocracy is allowed to continue there). The Japanece QE has resulted in several decades of decay. And yet theire politicians are eager to pump out more.. of their citicens money.

The QE game actually was invented in Japan and now its coming back home again to roost.