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Saturday, August 6, 2011

On the S&P ratings move

On the S&P ratings move

What to make of the move by S&P? I will tell you that I was surprised that it happened this weekend. I expected that S&P would have given the US to November to sort things out. From the news reports it appears that the White House  and Treasury were equally unprepared for this to happen now. Some thoughts:

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