The S&P Bond Rally

In a column for the National Post , I explain why the current price of government bonds repudiates the S&P downgrade of American debt: If I were Standard & Poor's, I'd be damn embarrassed. On Friday, the famous bond-rating services took the momentous step of downgrading the sovereign …

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Written by David Frum on Tuesday August 9, 2011

S&P Was Right to Downgrade

The dispute between the Treasury Department and Standard and Poor’s over America’s sovereign bond rating is a tempest in a teapot.  Worse, it overshadows the reality about America's debt: Congress cannot handle it politically and Americans will have difficultly handling it personally. The …

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Written by Steve Bell on Monday August 8, 2011