Monday, August 8, 2011

Surprised?

First of all - why is anybody surprised by the news the U.S. may not be a good investment? 

The only surprise should be that a country struggling to climb out of a seemingly endless Great Recession and getting by on a wing and a prayer would have continued to be viewed as a credible place to invest some cash.

Speaking of credibility - Standard and Poor lost theirs (from my perspective) when they owned up to a 2 trillion dollar error in their analysis documents but said that didn't change things. 2 trillion seems like a pretty significant number to me.

Apparently being a financial analyst is a lot like being a weatherman, you can be wrong - big time wrong - and still keep your job.

Which leaves me surprised that... anyone, anywhere is believing any economic news they hear.

Apologies for straying into the political arena. I promise to get back into a stress-free zone with future blog posts.


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