The S and P Downgrade Decision Stinks of Politics and Corruption.

Yves Smith at Naked Capitalism (an unusually good source of very in-depth, timely commentary) offers some strong evidence and analysis of how the S&P decision to downgrade the U.S. debt stinks.  I've already talked about how it's really irrelevant at the economic level and how it's not likely to change things substantially.  I've also written about how … Continue reading The S and P Downgrade Decision Stinks of Politics and Corruption.