JayAtl
BANNED
- Joined
- Nov 18, 2010
- Messages
- 8,812
- Reaction score
- -14
They are there for a reason.
I've only proven how mad Bharitis are with S&P. That's re-iterated in your humorless anger.
You cant create panic in the markets that United States might default and then get away with it. Its not very difficult to understand than the mumbo-jumbo you are pandering.
Now learn to read, this is actual release from S&P and the reason behind the downgrade:
So because I am only allergic to delusional truthers I hate India? Doesn't make any sense.
Firstly S&P being off the deep end is not a Bharati thing , but a US thing way before. We held congressional hearings about the absurdity of their system. I know I know - you have tunnel vision when it comes to India- how could we expect you know this. Your days pass thinking about those damn bharatis that give you nightmares- who you thought you held a parity with but they just turned to be in a whole different league.
Secondly- this one is amazing in how you can't even figure out when you dig the hole deeper.
The underlining factor was a concern about future debt, which they predicted was going to make our economy falter. They clearly said in your own highlighted text that the agreements to cut back felt short. They wanted bigger cuts because the talk was about a double dip recession back then. The opposite happened we are growing strong . Their single minded absurdity of cutting back on our rating on actions that had not yet passed was absurd. i.e. smack in the middle of debate they decided - these guys won't agree to the numbers we like to see. How do you predict that?
Next : The political bickering part - a reason that amazed us too- Why?
a. Because never ever had the US defaulted ( and yet had strong political debate has continued)
b. the debate itself - was never about defaulting. It was removing domestic services to compensate and pay for the additional spending .
Again - the debate was about shutting down other services in govt. never was about not paying our debts. How would you know again- your tunnel vision serves only one purpose
Third- The markets is a volatile space regardless of our political bickering- yet it really did not panic in the US over the debate- fully knowing that we will always pay our debt. again how would you know it- it's damn bharati's that keep you awake .
Fourth. Btw a stable to negative change yet maintaining a BBB rating from one agency only can't make someone mad in the ways you envision Indians all jumping off an cliff. It does not even effect India's borrowing rates honestly. A drop from AAA to AA+ does. But then again the other agencies did not follow suit. Even a first year college economics major would know that --- heh
waiting for Khan's musings