Moody’s cut its rating for 13 Italian banks this evening, citing the weakened borrower standing of the Italian government after its credit grade was downgraded last week.

The ratings fell by one to two notches, with Unicredit and Intesa Sanpaolo both falling to Baa2 from A3.

Tuesday, July 17, 2012

Balsamic Moon Phase - Moon in Cancer

Welcome to the Turning Point.  Contrary to what you might expect me to say on a day with today's astrolgical aspects (go inside your tree and weather the energy), wise old owls will take flight today.  Instead of grounding or sheltering in place, today we will fly from situation to situation as the need develops.  We've spend the last week opening up a space for the influx of energy that will recalibrate our personal frequencies toward a closer spiritual connection with the planet.  The grounding has already taken place.  Now, when something we are around becomes mired in aggression or discomfort, we are going to mentally move on from it.  Our consciousness remains firmly connected but we will simply remove ourselves from situations that are not to our liking.

Today opens the three-day period where things are going to turn or shift like a hinge.  People will tend to be erratic, unpredictable, and volatile.  Aggression will surface in places.  Some will come unhinged.  Things will come seemingly out of the blue, so we need to be prepared to respond by taking ourselves to a different mental space - one that is slower and surer.  This energy is fast.  Impulsivity is heightened.  Be very aware of your surroundings and take special care when you are driving or working around anything that could injure you.  This energy causes accidents.  If you are in a city, you'll notice an increased number of emergency vehicles' sirens.  This has already been building and you may have noticed it.