Krugman: Poor Standards - Democratic Underground

n2doc

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Tue Apr-19-11 11:08 AM
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Krugman: Poor Standards

April 19, 2011, 11:52 AM
Poor Standards
I continue to be amazed by how much attention and credence is being given to the S&P “warning” on US debt. I mean, this was supposedly a warning about the safety of US debt. So if it mattered, we should have seen a jump in interest rates on April 18, the day of the announcement. Um, here’s the 10-year bond rate:

Yahoo!Finance

People, this was a non-event.

http://krugman.blogs.nytimes.com/2011/04/19/poor-standards/

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