Sunday, August 07, 2011

S&P and the US credit downgrade

Dean Baker has a good analysis of S&P's ludicrous action in downgrading the credit of the United States in How to Think About Standard and Poor's Downgrade Huffington Post 08/06/2011.


We really live in strange times when it comes to policy. After their performance in the housing debacle and the financial collapse, it's only remarkable that anyone would pay attention to them at all.

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