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.
For a little fun, check out what people have been saying on Twitter about S&P's ratings and predictions throughout history at #StandardAndPoorsThroughoutHistory. My favorite: That is much too big to be a space station, must be a moon. AAA rating for Alderaan #StandardandPoorsthroughoutHistory UPDATE: From Remapping Debate: