Here’s What It Looks Like from Where I’m Sitting

News is flying by real fast. Grab your hat, it's gonna get windy. The European Central Bank (ECB) is fighting a losing battle. It is easy to tell this is so: they are telling ever-bigger lies about their soon-to-be-really-announced, no-kidding-we-really-have-a-great-plan, bailout program-of-the-hour, ever more frequently. There is no money; the ECB has invented a massively [...]

By |2011-10-21T11:04:52-04:00October 21st, 2011|Economy|0 Comments

S&P Downgrades U.S. Sovereign Debt

From Bloomberg: S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. “The downgrade reflects our opinion that the fiscal [...]

By |2011-08-06T09:44:27-04:00August 6th, 2011|Economy|0 Comments

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