Drop to AA+ bond rating

[Brown Mule]

Will the drop to AA+ cause price of imported Tubas to go North????

[sousaphone68]

The drop in rating resulted in following in Ireland.
1 any banks that had bankrolled property developers or had over sold tracker mortgages are now in state ownership and small business have no access to credit.
2 the public stopped spending while they awaited what tax increases that had to come following the property crash
3 the lack of spending coupled with lack of access to credit has closed many retail outlets both large and small.
4 Prices dropped in the short term as retainers tried to tempt shoppers back
5 luxury brands and lifestyle shops are suffering
6 specialist music shops have closed

Eventually the government called in the IMF and we now face fiscal adjustments to the countries spending of around 15 billion euros over 3 years.
We are 2 years into the corrections and things are getting tight extra taxes on salary and lots of stealth taxes and loss of many health and social programs.
So all I can say is hold on tight as it is all only beginning and if your regulators were asleep like Irelands were then get ready for some shocks

[bort]

...go North????

I'll move to Canada, great idea!

[awaters]

At our firm we manage money from an global viewpoint (specialists in Gold And Platinum Group Metals and Rare earths) http://www.waterscapital.com" target="_blank" target="_blank. Given that Europe is much worse off than we are, we would expect the euro to decline deeply over the next 12-18 months. As a tubaist, i'd love for prices to decline steeply but i expect prices to decrease 7-10% due to lessening demand.

[jamsav]

AA is a very low note, and rarely written. It may respond better with a gold plated tuba.

at $1700 per oz., a very expensive proposition...

[Mark]

I'll move to Canada, great idea!

I recommend Vancouver. It's a beautiful city with a great orchestra. And it's close to Seattle for shopping and healthcare.

[bort]

Or, maybe I could un-immigrate and go back to Germany where my relatives (and my wife's) came from 100+ years ago.

[SousaSaver]

AA is a very low note, and rarely written. It may respond better with a gold plated tuba.

THANK YOU!

[tubaforce]

sigh...

Dale, I haven't met you, but saw one of your axes at Oberloh's shop recently! I just want to thank you for the lovely Beer Garden Maiden...or whatever it is the Chinese call 'em!
Al

[bort]

Or, maybe I could un-immigrate and go back to Germany where my relatives (and my wife's) came from 100+ years ago.

' doubt if they would welcome you back, unless you had a bunch of money in tow (real money, not US$'s or €'s).

Haha, yeah, no news there, I've known that for a long time already. Guess I could still move to Texas though!

[UTSAtuba]

Or, maybe I could un-immigrate and go back to Germany where my relatives (and my wife's) came from 100+ years ago.

' doubt if they would welcome you back, unless you had a bunch of money in tow (real money, not US$'s or €'s).

Haha, yeah, no news there, I've known that for a long time already. Guess I could still move to Texas though!

And we'll welcome you with open arms. If you can bear with 100+ heat, you'll make it!

[Brown Mule]

AA is a very low note, and rarely written. It may respond better with a gold plated tuba.

Does AA+ mean a very low note that is sharp?? or-----------a graduate degree in Acoholics Anonymous?????