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Re: Downgrade is meaningless

By: killthecat in ALEA | Recommend this post (0)
Sun, 07 Aug 11 5:21 PM | 56 view(s)
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Msg. 05576 of 54959
(This msg. is a reply to 05574 by Cactus Flower)

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Chinese Agency Downgrades U.S Credit Rating

http://news.yahoo.com/chinese-agency-downgrades-us-credit-rating-014637515.html


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The above is a reply to the following message:
Re: Downgrade is meaningless
By: Cactus Flower
in ALEA
Sun, 07 Aug 11 7:28 AM
Msg. 05574 of 54959

One extra point.

The view of S&P is essentially one person's view. Nothing more.

Does S&P employ the best economists in the world to provide their opinions. Nope.

We're dealing with at best a second tier opinion.

There's grandeur in a corporate name. But let's not pretend we are in crystal ball territory here.


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