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Showing posts with label Standard and Poor's. Show all posts
Showing posts with label Standard and Poor's. Show all posts

Monday, August 8, 2011

Standard & Very, Very Poor


Over the weekend, and into today, there has been much sound and fury about Standard and Poor's downgrade of the United States' credit rating to AA.  Unfortunately for S&P (or fortunately for the rest of us), it turns out that it is signifying nothing.  It is now left to the rest of us to wonder: what is happening here, what does it mean for us, and what does it mean for S&P?