Greenspan on Meet the Press: No Chance of Default. Really

August 8th, 2011 1:36 AM
We've just spent the past month or so having politicians and the press tell us that if there was no debt-ceiling deal by August 2, the government might default on its debts (of course, Tim Geithner and Barack Obama could indeed have strategically defaulted if they had wished, but work with me here). But Sunday on Meet the Press, in a remark I expect will not be relayed much if at all by the…

Overnight Howler at the NYT's 'Room For Debate': 'Default Is Impossibl

April 20th, 2011 1:13 AM
On Monday, the New York Times assembled a panel of alleged experts in its Room For Debate section. Each weighed in on Monday's ratings agency outlook downgrade by Standard and Poor's in an item entitled "Is Anyone Listening to the S.&P.?" (Don't ask me why "the" is there. It shouldn't be; the item is about the firm Standard and Poor's, not "the" Standard and Poor's stock index.) One of…