S&P Downgrade Of U.S. Debt Says Nothing New |
| April 19, 2011 | April 2011 Bond Updates |
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The only thing more ridiculous than S&P’s too-little, too-late semi-downgrade of U.S. sovereign debt was the market’s severe reaction to the announcement. Has S&P really added anything to the debate that wasn’t already widely known? In any event, S&P’s statement amounts to a wake up call to anyone who has somehow managed to sleepwalk through the unprecedented debt explosion of the last few years. |
| View more at: http://blogs.forbes.com/greatspeculations/2011/04/18/sp-downgrade-of-u-s-debt-says-nothing-new/ |
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