Saturday, August 6, 2011

Dean Baker: How to Think About Standard and Poor's Downgrade

Dean Baker: How to Think About Standard and Poor's Downgrade

Makes a lot of sense to me. What do you think?

3 comments:

  1. I don't know. The Govt needs to borrow money to pay its credit that it runs up, and there is surprise that the bond grades drop. Sounds to me like its a long time coming.

    ReplyDelete
  2. not necessary an untrue call, but S & P is really just one opinion

    ReplyDelete
  3. Good point. But hey, maybe this will drive up the yield. Buy, buy, buy!

    ReplyDelete