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http://krugman.blogs.nytimes.com/








April 19, 2011, 11:52 am

Poor Standards

I continue to be amazed by how much attention and credence is being given to the S&P “warning” on US debt. I mean, this was supposedly a warning about the safety of US debt. So if it mattered, we should have seen a jump in interest rates on April 18, the day of the announcement. Um, here’s the 10-year bond rate:
DESCRIPTIONYahoo!Finance
People, this was a non-event.

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