Re: French president says Peugeot layoffs are unacceptable
Rating agency's are private company's with their own clients, the effects of the nervousness on the markets they can create is a little bit too big for our own good. As it is now they can make or break what is perfectly fine or absolutely rotten. Friend of mine called it the lemming-constance which I thought was pretty accurate.
Problem with the modern world is that we no longer plan ahead, nownownow.
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