Gerry Canavan

the smartest kid on earth

Doomed

with 2 comments

When you build up large stocks of mistrust and ill will, nothing can happen for a very long time. But when something does happen, it’s much quicker and much worse than anybody could have anticipated. The markets might not be punishing the US government at the moment. But the mistrust and ill will is there, believe me. And when it appears, it will appear with a vengeance.

Felix Salmon on the damage already done by the debt ceiling debate. Via @drbluman.

Written by gerrycanavan

July 14, 2011 at 4:48 pm

2 Responses

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  1. […] there’s a 50 percent chance it will downgrade US credit rating within 3 months. This is really, really […]

  2. Is that why the president gave so much money to the Banks, so that he could borrow even more later ? The intentions may not be as we perceive them . He seems much more nervous today than yesterday.. Is this a planned coup ? Is there more to it than we know ? Similar to the drop in 2008, that was manipulated…??

    Mary Dicerni

    July 15, 2011 at 9:36 pm


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