With all of the recent attention given to the U.S. credit downgrade by S&P, I think it is interesting to look back at the debate on the topic in February 2010.
On February 11 2010, I wrote a blog post titled “Treasury Secretary Geithner’s Comments” regarding an interview he gave that week, in which he talked about the U.S. credit rating as well as U.S. Treasuries and the Dollar functioning as “safe havens.”
That post February 11 2010 post is also very relevant in light of President Obama’s August 8 comments on the same issues, which I highlighted in yesterday’s post (“President Obama’s August 8 Remarks – Notable Excerpts“)
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1172.53 as this post is written