I've noticed on the whole that there's a very different published reaction to S&P from inside the US, or from outsiders (like me and you). A certain amount of that is yes, it ALWAYS makes a difference whose ox is being gored. [though, speaking of being gored, my portfolio - with TDCanada Trust - has dropped $17k in book value in the last week]. But S&P said there was a 50% chance of the downgrade two weeks ago. A fair amount of the shock-horror response reads to me like recoil from lese-majeste. how DARE they?
and there's more than a little similarity to the reaction (domestic vs foreign) to janet jackson's wardrobe malfunction.
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Date: 2011-08-09 04:46 pm (UTC)and there's more than a little similarity to the reaction (domestic vs foreign) to janet jackson's wardrobe malfunction.