{"id":2977,"date":"2011-01-16T06:59:05","date_gmt":"2011-01-16T13:59:05","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=2977"},"modified":"2018-08-16T17:12:34","modified_gmt":"2018-08-16T21:12:34","slug":"wow-how-things-have-changed","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2011\/01\/16\/wow-how-things-have-changed\/","title":{"rendered":"Wow, how things have changed"},"content":{"rendered":"

Early this morning in London news that both Moody’s and Standard & Poor’s both warned the United States on its credit rating.\u00a0 The concern is, of course, with the spendthrift ways of the Legislative as stoked by the Executive branch – and over multiple election cycles.<\/span><\/p>\n

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This story would normally be news enough and probably will be the center of attention of many financial bloggers.\u00a0 But not here it won’t.\u00a0 Why?<\/span><\/p>\n

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While interesting, I don’t consider this to be news.\u00a0 Both Moody’s and Standard & Poor’s have access to the same publicly available information that we all do to assess this situation.\u00a0 But then that is<\/strong> the point.\u00a0 Since when, even given access to the same data that we all have access to, have Moody’s and Standard & Poor’s threatened the United States with a credit downgrade?\u00a0 To my knowledge, NEVER.\u00a0 Wow, how things have changed.<\/span><\/p>\n

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I consider this to be a very, very healthy sign that the credit ratings agencies have permanently shifted.\u00a0 They have been chastened and transformed by the Great Recession.\u00a0 That means a more honest and forthright credit ratings crew.\u00a0 That means actual analysis has a higher chance of actually taking place with the walls of these storied organizations.\u00a0 Amen!<\/span><\/p>\n

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Have I been saying this sort of thing for awhile?\u00a0 Check out my posts from:<\/span><\/p>\n

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