Economics, Insurance, and the Economics of Insurance.
Sunday, August 7, 2011
U.S. enters PIG race -or- S&P Downgrades U.S. debt rating to AA+
The fastest pig in the race is told they are not really, in fact, all that fast.
Yet the other pigs in the race are simultaneously slowing. Hence the newly proclaimed slower pig, is in fact, relatively speaking, the same fastest pig in the race with merely the pigs to choose from all shrinking in speed.
Hence its not a problem of pig, its a problem of pigs.
Which then leads to the question: does the acronym S&P mean slow and piggy?