"Don't let them immanentize the eschaton" was an improbably popular slogan among conservatives of the 1960s and '70s. It now looks like a good maxim for considering inflation and interest rates.
Did Fitch ditch its credibility by playing politics? Here s why ratings agencies have a knack for getting it wrong fortune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fortune.com Daily Mail and Mail on Sunday newspapers.
Politicians and pundits might delight in aiming their blame-throwers at their rivals over the U.S. credit rating downgrade. For markets and the economy, however, it does not matter.