S&P shows Congress who really can't do their jobs correctlyI Take that!
You dare drag us in front of your committee and make us feel small? Well, we'll show you!
Fuck You MBA's, accountants rule!
Can anybody, besides Bill Gross - who, pretty much, sets levels in the US - really assess the implication of this move. At least they had the intelligence to do it on a Friday night.
I guess we'll have to wait to see what China is going to do with their holdings of US debt. Should they decide to sell a few hundred billion, I suppose that rates will go higher.
So, ask yourself this, do you want these stalwarts of sound economic thinking setting YOUR fiscal policy?
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