Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (41977)	3/11/2010 7:12:09 PM
From: TimF	3 Recommendations Read Replies (1) \| Respond to of 71588

If I did it would be accurate. Greece is having a bad recession, but so are many other countries. The difference, the reason why Greece is having its debt/fiscal problems, is not specifically the recession, but the fact that Greece's government has spent like crazy, and the fact that political forces make it hard to pull back from that (even now, when its being forced to, there is a big push back on the effort). Or to put it another way, once again, a downgrade on sovereign debt isn't a measure of a recession. Its a measure of the market opinion of a government's ability (and willingness) to service the debt. Certainly a recession affects that impression, but its not the only factor, and the downgrade itself doesn't directly, or accurately indirectly, measure the depth of the recession at all.