walkitout (walkitout) wrote,
walkitout
walkitout

Better Off Unemployed

http://en.wikipedia.org/wiki/Deven_Sharma

As a sample of his work product:

http://online.wsj.com/article/SB10001424052748703959804575006694196038802.html

http://www.usatoday.com/money/economy/2011-08-08-s-and-p-downgrade-not-politics-sharma-says_n.htm

He has a job running an operation whose statements -- whether in the form of ratings or press releases, op-eds or quotes to the press -- have direct and, honestly, quite predictable effects. And he has not produced those statements in a responsible way, but rather denied responsibility for those predictable effects.

"The market could be reacting to the fact there is a slowdown in economic growth. It could be reacting to what's happening in Europe. It could be what's happening in the U.S. There are multiple factors that…contribute to how the market reacts."

Someone should fire him. The next person might be worse, but at least they'd be different.
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