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Economy

magical thyme

(14,881 posts)

9. and which is it?

Reply to Ghost Dog (Original post)

Wed Dec 21, 2011, 11:22 AM

Dec 2011

'Summer 2011, with the cut in the United States’ credit rating by S & P, marked an historic turning point ..."

or

"- (1) Not to mention the rating agencies that spend their time changing their ratings, proof that they have no reliable methodology and that they float at the mercy of pressure and fashion."

Either the ratings matter or they don't. Can't have it both ways...

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9 replies

= new reply since forum marked as read

Highlight:

LEAP/E2020: Global systemic crisis – USA 2012/2016: An insolvent and ungovernable country [View all] Ghost Dog Dec 2011 OP

Good read. I especially liked these two footnotes Owlet Dec 2011 #1

K&R Odin2005 Dec 2011 #2

Doom and Gloom K&R nt.. Bigmack Dec 2011 #3

This makes a lot of sense. Turbineguy Dec 2011 #4

This article points out negative conditions here in the U.S. that most people here already know. amandabeech Dec 2011 #5

Would that US be "Ungovernable" Mean that Goldman Sucks would be burnt to ground? Demeter Dec 2011 #6

Totally agree! prepperdad Dec 2011 #7

I don't think Euroland is going to do any better than the UK or US magical thyme Dec 2011 #8

and which is it? magical thyme Dec 2011 #9