Academic

IS THIS WHERE THE U.S. IS HEADING? S&P Downgrade Sinks U.K. Pound. ?Buyers of the pound faced an u?

By Glenn Reynolds

IS THIS WHERE THE U.S. IS HEADING? S&P Downgrade Sinks U.K. Pound. “Buyers of the pound faced an unexpected reversal of fortunes Thursday, after ratings agency Standard & Poor’s Corp. downgraded its credit-rating outlook for the U.K. to “negative” from ’stable.’” Upside for Britain — other countries are likely to be downgraded, too. We’ll all fall together, which means none of us will be falling at all! Er, kind of.

Full post as published by Instapundit.com on May 21, 2009 (boomark / email).