Saturday, January 28, 2012
Downgrade, Debt Ceiling and How Professional Wrestling is like Politics
I wanted to throw some thoughts out on the dreaded downgrade from S&P. Bottom line: it isn’t a big deal. 1. Why isn’t it a big deal? Investors in US government bonds already knows our government debt equals our Gross Domestic Product (GDP), which is the size of our economy. This isn’t news. S&P isn’t [...]
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