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.
Showing posts with label timothy geithner inconceivable debt downgrade. Show all posts
Showing posts with label timothy geithner inconceivable debt downgrade. Show all posts
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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