Review & Outlook: The Italian Job - WSJ.com
The news headlines today should have been: US Gov't borrowing costs don't change (today) despite the change in ratings by S&P. Subhead: Who would have thought that S&P added no information to the market?
So, the nominal reason for this post was to congratulate the Italians for the size of the scam they have pulled off on the Germans. Certainly the Spanish, Portugese, Irish, and Greeks did an amazing job but the Italians have pulled of a heist of historic proportions.
The really amazing part is that we have a Tea Party problem and not a borrowing problem!?!
Monday, August 8, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment