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I just got a NYTimes news alert that S&P is in fact holding off on downgrading the US based on the math error that was discovered. Did anyone else see that com
by imcqueen 15y ago
I just got a NYTimes news alert that S&P is in fact holding off on downgrading the US based on the math error that was discovered.
Did anyone else see that come through? Is NYT just behind a little?
- CamperBob 15y agoIf so it might be an interesting political tactic on S&P's part. Issue a downgrade to show you're serious, but include a 'math error' that justifies an almost-immediate retraction. If a ratings agency feels that it's necessary to use scare tactics, that's scary enough in itself.