Waamax

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Archive for the ‘debt’ tag

Paul Krugman and the Vowels

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Paul Krugman has problem with the long name of Narayana Kocherlakota. And he suggests dropping of the vowels in his name.
And that would also solve the US debt problem.

No IOU anymore.

Written by admin

December 13th, 2011 at 12:10 pm

S&P Downgrades US Rating

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S&P today downgraded US rating from AAA to AA+. In my opinion that was absolutely wrong. US dollars might not be AAA, US government’s functioning recently might not have been AAA (thanks to politicians in Washington to take the debt ceiling talk almost to the brink) but US debt is undoubtedly AAA.

And besides that, with S&P’s history of being a complete failure during 2008 housing market collapse, I don’t see any credibility in whatever they say about the ratings.

Written by admin

August 8th, 2011 at 7:02 pm

Posted in USA

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