Skip to comments.Newsflash for the Pundits: Analysts have a poor collective track record
Posted on 07/22/2011 9:22:46 PM PDT by publius321
"...The actual significance of what has taken place in this incident is being misinterpreted.
Pundits like OReilly, Kudlow, Charles Krauthammer and old guard Senators like James Coburn are championing the status quo. Krauthammer is contending that Republicans have over played their hand and appear as unreasonable.
The fundamental problem with all of their melodrama is they are all making the mistake of assuming that the proffered opinion of S&P and Moodys is somehow an axiom.
Nobody is asking the question, who are these people and why- should we give their opinions automatic credence? I take issue with the very premise. The notion that our debt- should- be DOWNGRADED based upon the debt ceiling not being raised is erroneous at its core and heres why...." (continued)
(Excerpt) Read more at TableOfWisdom.com ...
bor, kraut et al have been around too long.
I have thought for years that Krauthammer has an undeserved reputation which actually comes more from his pompous delivery than anything novel or well thought out. He is mostly a defender of the status quo and the ruling class.
Well said. Roger Ailes really likes the guy for some reason.
The new House holds ALL the cards in this hand. It is impossible for them to overplay it. There is a danger, however, that the nitwits will talk them into underplaying it.
The Country Club hates the Tea Party.
Pray for America
Apparently you didn’t read the part at the end of the column with the track record of Scott Ryan, bio etc.
That question was asked by Scott Ryan and answered. There’s a bio there as well.
There’s an angry and miserable critic in every crowd.
He positions himself amongst liberal panels to give the appearence of being the sage conservative voice
great article.....excellent insight ...especially useful to investors.
i was thinking the other day that moody’s seems to be moving the political dialog along in obama’s favor.
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