It seems the credit rating agencies have too much to say these days. It's up to the fixed-income fund managers to decide on the creditworthiness of institutions or governments. A credit rating...
And I think sooner or later this scheme, the fight-thy-neighbour-with-the-press policy, will end. I don't think it should or has to, but rather more likely will end. And it will end probably...
I totally agree. In terms of positive economics this shouldn't be happening. Yet, in the modern world when any means of achieving your goals are acceptable, this doesn't seem like a...
Serguei 
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