Tag Archives: David Leonhardt

What Ails Us

Black Monday -- FTSE 100 Index from 19 July 19...

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Over the weekend, S&P downgraded the credit rating of the United States, something that was unthinkable not such a short time ago.  This morning, markets worldwide are tumbling.  As you know, we don’t talk about politics here unless those political activities bring us enlightenment from a business perspective and I can’t think of a more perfect example than this.

To reduce this to its simplest form, the credit downgrade was caused (and I’m NOT placing blame on either side here) by our “leaders'” inability to govern.  The effects of this are mostly unfelt yet, but the ones we’re already feeling are pretty bad.   But let’s keep it to business, shall we? Continue reading

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Filed under Helpful Hints, Reality checks