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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (97133)	4/30/2009 1:16:27 AM
From: mishedlo	1 Recommendation Respond to of 116555

Volcker Says Economy is ‘Leveling Off’ even though GDP Shrinks Most in 50 Years globaleconomicanalysis.blogspot.com GDP shrank at an annual rate of 6.1% according to the First Quarter 2009 Advance GDP Report. ... Mish

To: Little Joe who wrote (97133)	4/30/2009 1:25:02 AM
From: mishedlo	1 Recommendation Read Replies (1) \| Respond to of 116555

One of your best rants. You hit the nail on the head. One question. How do you see regulation of the rating agencies relating to the problem. Frankly, I was unaware that they were rated. Am I wrong. Do you mean "Frankly, I was unaware that they were REGULATED. Am I wrong?" It was SEC sponsorship (something I am calling regulation), that created the mess. This is a very long story. Please see globaleconomicanalysis.blogspot.com for the complete picture or what went wrong and when with the rating agencies. Mish