Posted by Leonard Steinberg on January 13th, 2012 Friday the 13th delivered bad news for Europe as France, Austria, Portugal and 4 other countries were down-graded by Standards + Poor the same agency that downgraded the USA late last year. On the good news front, hedge-fund billionaire John Paulson, who made $15 billion in 2007… [Read More]
THE S & P DOWNGRADE AND LUXURY NEW YORK REAL ESTATE
Posted by Leonard Steinberg on August 6, 2011 The S & P downgraded the USA to AA+ credit rating from its previous top-notch rating of AAA, an embarrassment to the entire country for sure, but certainly nothing too un-expected considering the disgraceful political maneuverings in Washington….. the U.S. debt wasn’t downgraded because it didn’t have… [Read More]