I don't believe I turned on the news. Stupid, stupid, stupid.
I already knew that in a fit of prolonged pettishness the SP down graded the nation's debt. They've been a tad bit irate since it was revealed that they are paid for their ratings and thus didn't notice the bombs of
bogus stock in the banks. They were paid not to notice, but it looked bad there for a bit and the public was cross. Now of course the public has forgotten that the ratings are for sale and the down grade has affected the stock market. I want to know WHO paid S and P. We never had this problem when Bush was president and he kept entire wars off the books.
There are a surfeit of idiots with "financial" somewhere in their title. They persist in "explaining" the stock market. Sincere folk with a strange vocabulary worship at the feet of Mammon without realizing that the golden calf is never going anywhere. There IS no relationship between the stock market and reality. Not for years. If the "financial analysts" are so good at creative story telling they should retire and write books. Less tedium all around. The journalists who interview them should take up gardening. The weather is more important than anyone seems to realize.
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