MWP seeks to explore the global macro environment for investing in order to seek the best place to preserve and create wealth at a time of global deleveraging.
Sunday, April 15, 2012
Tim Geithner and the Princess Bride
Timothy Geithner April 2011: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner: "No risk of that"
August 5, 2011 - Standard & Poor's announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Geithner April 2012: “If we don't deal with these debt problems we are going to be Greece in two years”?
Geithner: "No risk of that"
Wow! Don't you feel better now?
Geithner sort of reminds me of this guy:
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