Apr

18

What is the flexionic analysis of the S&P downgrade of sovereign debt? A move to force the Republicans to capitulate on their "unholy" demands to reduce the very temperate spending of the government sector so needed by the voters?

Gary Rogan writes: 

My initial thought it was to force the Republicans to roll over on the debt extension without a peep, and it may still be because that's the nearest battle, but if the text has any meaning it's to make sure that tax hikes are a part of the "solution".


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2 Comments so far

  1. Paul Marino on April 18, 2011 6:00 pm

    Certainly, this helps the Upside-Down Man firm’s short treasury view. They were Johnny on the spot immediately after the news broke and all over the business channels today.

  2. duncan on April 18, 2011 7:16 pm

    Some characteristics are to operate in a never ending cycle of crisis, where normal rules are suspended, decision making is consolidated to the few and forces are mobilized. With the banking crisis winding down another is required and in the making, which will allow for the final sunset on tax cuts for all.

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