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Home Publications Blogs Beat the Press Ratings Agency Miss the Boat on Debt Defaults

Ratings Agency Miss the Boat on Debt Defaults

Friday, 12 August 2011 05:53
The WSJ has a nice piece that looks at the track record of the rating agencies in predicting defaults on government debt. It ain't pretty.
Comments (3)Add Comment
journalists shouldn't do economics
written by Gary, August 12, 2011 7:24
The problem with this piece is that it only looks at the defaults. My question is, how many other sovereigns were rated B or lower? That's the universe to test the forecasts against.
written by PeonInChief, August 12, 2011 3:13
I thought everyone knew that the ratings' agencies give lower ratings to government debt as a matter of course.
Uprising in the UK
written by Scott ffolliott, August 12, 2011 4:15
Will the Uprising in the UK be far away with Republican and Democrats afraid too stand up to neoliberal economists and their johns?

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.