Tuesday, August 16, 2011

Signs & Portents

You know, sometimes it's easier to read the tea leaves than others.

When a nation is so very screwed up it engages in vendetta-style raids against those trying to tell the truth about that nations economy, and predict said nations credit-worthiness based on their best understanding?

Yep, that nation is well and truly screwed, and merits immediate de-rating as force is now triumphing over law. Nobody is safe, and credit extended to such a nation is only as safe as the next whim of the ruling solons.

Bad risk, do not invest.

Great food there, though.

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