Posts Tagged ‘ bond vigilantes in Ontario ’

Kathleen Wynne’s new government in Ontario has four years to show the bond vigilantes she’s smarter than they are?

Jul 4th, 2014 | By | Category: Canadian Provinces

As best as we can make out, there is something … well, tacky at best …  about the way Moody’s rating agency changed   “Ont. outlook to negative from stable …  as it reaffirmed Ontario’s Aa2 ratings”, just before a new throne speech kicked off the 41st Parliament at Queen’s Park. According to Moody’s vice president […]

Disciplining the bond vigilantes with the Province of Ontario Savings Office .. a teachable moment from the 1930s

Aug 8th, 2011 | By | Category: In Brief

The Sage of Omaha, Warren Buffet, may have come up with the wittiest pronouncement on Standard and Poor’s downgrade of the US credit rating from AAA to AA+. It “doesn’t make sense,” he has said: “The US, to my knowledge, owes no money in currency other than the US dollar, which it can print at […]