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Re: AAA rating

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 27 Jul 11 7:05 PM | 31 view(s)
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Msg. 05509 of 54959
(This msg. is a reply to 05508 by orda)

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Hi orda,

When a downgrade happened with Japan in a similar situation, the market ignored it (this I read on Krugman, so assume it is so).

I fear the default rather than the downgrade. Yet S&P is driving the demand for massive cuts. I think that is a mistake and if we pursue it, we're on course for a really nasty double dip.


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The above is a reply to the following message:
Re: AAA rating
By: orda
in ALEA
Wed, 27 Jul 11 4:55 PM
Msg. 05508 of 54959

http://www.huffingtonpost.com/robert-reich/the-biggest-driver-in-the_b_910323.html


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