tag:blogger.com,1999:blog-2761684730989137546.post525070013596080637..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: It's Official: Standard & Poors Downgrades Fiatmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-8602123923374853412014-01-01T13:12:04.651-05:002014-01-01T13:12:04.651-05:00Dan,
S&P wasn't downgrading any particula...Dan,<br /> S&P wasn't downgrading any particular member country. It was downgrading the entire, 28-nation block.<br /><br />That quite clearly includes downgrading the Euro-Parliament, it's budget process, and the ECB as well.Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-8229733468027872052014-01-01T11:42:05.547-05:002014-01-01T11:42:05.547-05:00Krugman with an interesting graph here:
http://kr...Krugman with an interesting graph here:<br /><br />http://krugman.blogs.nytimes.com/2014/01/01/the-state-of-the-euro-in-one-graph/?smid=tw-NytimesKrugman&seid=auto&_r=0<br /><br />"debt to gdp ratios" (comparing a stock to a flow among other things....) is still going up but interest paid on the govt securities going down as cooler heads prevail....<br /><br />rsp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48607748282363431972014-01-01T04:51:55.731-05:002014-01-01T04:51:55.731-05:00Germany can control it... they knew it before gett...Germany can control it... they knew it before getting into the euro.<br /><br />They knew in 1992 that the merging of the east and west deutsche mark would require later wringing out the piigs and pressuring swiss to out germansgoogleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16375891082764748702013-12-31T18:58:20.025-05:002013-12-31T18:58:20.025-05:00EU nations don't control their own domestic cu...EU nations don't control their own domestic currencies, so this isn't crazy.Anonymousnoreply@blogger.com