Aug. 6th, 2011

supergee: (monopoly)
Standard & Poor, which thought all those fraudulent CDOs were peachy-keen, had downgraded the U.S. government from AAA to AA+.* Does that mean that U.S. government debt is even worse or that Standard & Poor has once again shown that can't find its own corporate ass with both hands?

*Grade inflation is everywhere
supergee: (cthulhu)
Chronicle blogger Laurie Essig says that our current economic approach is a brain eating zombie. Isn't that what you're supposed to get from Voodoo economics?
Reaganomics
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Arthur D. Hlavaty

March 2025

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