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S&P's tit for tat

August 6, 2011

Thanks to the time difference, I went to bed last night thinking the markets had stabilized, but woke up to learn that the United States -- the unassailable risk-free issuer -- had been downgraded by S&P. This is embarrassing -- on S&P's part. As we all recall, S&P was blamed squarely for contributing to the […]

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