“It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to resc”

“If it's free, it's advice; if you pay for it, it's counseling; if you can use either one, it's a miracle.”