S and P: Not the Best Judge of Credit-Worthiness

The media and the talking heads will no doubt make a big deal about S&P downgrading the U.S. debt from AAA to AA and threatening to go to A in 6 months. ┬áBut it's really nonsense. The U.S. it is not possible for a sovereign nation with it's own currency, it's own central bank, and … Continue reading S and P: Not the Best Judge of Credit-Worthiness