Market Mania: Sorting the Historical From the Hysterical (Again) By, D. R. Barton, Jr.
\ Almost exactly 12 years ago to the day, I wrote in this same space that the market was dropping precipitously due to a downgrade. Except that time, in early August of 2011, it was the Standard and Poor’s Global Ratings that downgraded U.S. credit. Interestingly, the context for the two downgrades was both very much the same and very different. The ”same” parts come from the rating agencies themselves and their reasons for the downgrades. I won’t get into the “insider” politics, but both the 2011 and 2023 downgrades […]
Market Mania: Sorting the Historical From the Hysterical (Again) By, D. R. Barton, Jr. Read More »