Daily Archives: 07/30/2011

Productivity “Surge” of 2007-09 melts away in new data

Mandel on Innovation and Growth

via Productivity “Surge” of 2007-09 melts away in new data.

Downgrade? What’s the effect

Clearly we’re concencerned about possible default on obligations by the givernment.  People may not get paid service rendered to the government, or can’t continue to rely on support of the government.

But what about the downgrade to the US credit rating?  Seems like it could raise government borrowing costs.  What else though?  His vid from the Wall Street Journal is pretty informative:  Downgrade