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View Diary: Market Humiliates S&P — Rejects Downgrade (266 comments)

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  •  I did (0+ / 0-)

    I'm surprised you did not recognize my sarcasm.

    I am done with this discussion.

    •  Ahh, I get it. (0+ / 0-)

      France is the single anecdote, based on debt to GDP, that is being used to illustrate how universally wrong S&P is.  Perhaps France should also be AA+ rather than AAA.  I haven't made a study of it, but I do know that the S&P ratings are based on the complete picture, not just debt to GDP.  France has much better infrastructure.  Unemployment is very slightly worse than ours.

      Italy has an A+ rating, a higher debt to GDP ratio, and Berlusconi in charge.

      No on Prop 8::Sometimes I get to hitch a ride on the Democratic Bus--they let me stand on the back bumper.

      by steve04 on Mon Aug 08, 2011 at 01:58:33 PM PDT

      [ Parent ]

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