What S&P Did.

[J. J.]

The market did that, in part because the government was not willing to make hard choices.  S & P was just reacting.

[J. J.]

The market did that, in part because the government was not willing to make hard choices.  S & P was just reacting.

Good lord man, gov't policy has been playing out for years. I'm specifically measuring what happened over a day and a half. I know you're a hack, but stop making a fool of yourself.

That is like saying a guy slowly bleeding to death died because on a pinprick.

This has been a long time in coming, but there were ways to avoid it, even until a few weeks ago.  This is the price being paid for the folly.

[J. J.]

The market did that, in part because the government was not willing to make hard choices.  S & P was just reacting.

Good lord man, gov't policy has been playing out for years. I'm specifically measuring what happened over a day and a half. I know you're a hack, but stop making a fool of yourself.

That is like saying a guy slowly bleeding to death died because on a pinprick.

This has been a long time in coming, but there were ways to avoid it, even until a few weeks ago.  This is the price being paid for the folly.

But this is not about the patient dying, this is about the patient losing a very specific amount of blood, a rough quantification of which is the point of this post.

He's not losing it from that wound, however.

[J. J.]

The market did that, in part because the government was not willing to make hard choices.  S & P was just reacting.

Good lord man, gov't policy has been playing out for years. I'm specifically measuring what happened over a day and a half. I know you're a hack, but stop making a fool of yourself.

That is like saying a guy slowly bleeding to death died because on a pinprick.

This has been a long time in coming, but there were ways to avoid it, even until a few weeks ago.  This is the price being paid for the folly.

But this is not about the patient dying, this is about the patient losing a very specific amount of blood, a rough quantification of which is the point of this post.

He's not losing it from that wound, however.

Yes he is.

This is exactly the kind of thinking that got us into this mess, not looking at the underlying problem.

[J. J.]

The market did that, in part because the government was not willing to make hard choices.  S & P was just reacting.

Good lord man, gov't policy has been playing out for years. I'm specifically measuring what happened over a day and a half. I know you're a hack, but stop making a fool of yourself.

That is like saying a guy slowly bleeding to death died because on a pinprick.

This has been a long time in coming, but there were ways to avoid it, even until a few weeks ago.  This is the price being paid for the folly.

But this is not about the patient dying, this is about the patient losing a very specific amount of blood, a rough quantification of which is the point of this post.

He's not losing it from that wound, however.

Yes he is.

This is exactly the kind of thinking that got us into this mess, not looking at the underlying problem.

I do look at the underlying problem, just not in this thread.

This wound was not S & P, and Moody was also dropping hints today.    It is basically the market saying lower spending and raise revenue.

[J. J.]

J.J. you are on track to fail Atlas Forum Economics when report cards come out. You are also failing Girls 101. Beet, you are on track to get an A in Economics.

You saw what the market did before and after S and P.  And if you were in it, you can no longer afford girls or college courses.  

[J. J.]

The market did that, in part because the government was not willing to make hard choices.  S & P was just reacting.

Good lord man, gov't policy has been playing out for years. I'm specifically measuring what happened over a day and a half. I know you're a hack, but stop making a fool of yourself.

That is like saying a guy slowly bleeding to death died because on a pinprick.

This has been a long time in coming, but there were ways to avoid it, even until a few weeks ago.  This is the price being paid for the folly.

But this is not about the patient dying, this is about the patient losing a very specific amount of blood, a rough quantification of which is the point of this post.

He's not losing it from that wound, however.

Yes he is.

This is exactly the kind of thinking that got us into this mess, not looking at the underlying problem.

I do look at the underlying problem, just not in this thread.

This wound was not S & P, and Moody was also dropping hints today.    It is basically the market saying lower spending and raise revenue.

Because that worked great for George Papandreou.

Because he could get the political support for it.  It is not popular, but it is necessary.

[J. J.]

I rest my case.

You case is that we turn into Greece?

[J. J.]

Anyone know how well Microsoft bonds did today?

[J. J.]

S&P are a bunch of idiots that have already been proved wrong by the market.  They have zero credibility.

QFT

S & P just held a mirror up to the federal government.  I also wouldn't look at two days worth of data to look at long term trends

Dow Futures are down slightly, at 53.