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          If S&P's Downgrade Was So Important to Financial Markets, Why Did Bond Prices Soar?

          It's pretty bad when our nation's leading newspaper can't tell which way is up. The NYT told readers today that:

          "members of Congress are investigating why S.& P. removed the nation’s AAA rating, which is highly important to financial markets."

          502 Bad Gateway

          502 Bad Gateway

          Read more posts on CEPR »

          Read the original article on CEPR. Copyright 2011.

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