@richardjmurphy needs a little help understanding financeOctober 7, 2011 Tim WorstallRagging on Ritchie6 CommentsCompare and contrast. previousNot bad, not badnextTwits 6 thoughts on “@richardjmurphy needs a little help understanding finance” Flatcap Army October 7, 2011 at 4:57 pm I’m reasonably sure that one could plough through Ritchie’s drivellings and find comments (when the agencies threatened to downgrade bank or sovereign debt under Labour) that the agencies were paper tigers and should be ignored. Now all of a sudden it suits his agenda to start believing what he thinks they say. The man is a balloon. Hugo October 7, 2011 at 5:21 pm Ah yes. Remember http://www.taxresearch.org.uk/Blog/2010/01/26/investors-flock-to-greek-bond-issue/ ? Blue Eyes October 7, 2011 at 9:23 pm Without trying to be sycophantic, I understood the logic behind your Forbes article but then I read Richard Murphy’s and all he does is quote Moody’s press release and then just says that he doesn’t believe it without giving any reason or argument let alone information. Are we supposed to just nod sagely and say “yes, Mr Murphy, I take your word for it”? Tim adds: yes, I do believe that is Mr. Murphy’s point, and also his danger. dearieme October 7, 2011 at 9:40 pm richardjmurphy: what does the “j” stand for? Jerk? Frances Coppola October 7, 2011 at 10:11 pm Have a look at his twitter timeline. He’s been claiming all day that the Moody’s downgrade indicates that UK banks and building societies are all now in danger of failing and that deposit insurance won’t be honoured. Various people have called him out on this and received the usual rude response. And a short while ago he was trying to persuade Jill Treanor of the Guardian that the UK bank downgrade was of the same calamitous nature as tonight’s downgrade by Fitch of Italy and Spain (sovereigns). I wonder sometimes what planet he’s on…. By the way, my own blogpost on this is definitely more Tim than Ritchie. http://bit.ly/p4WRtO Tracy W October 7, 2011 at 11:13 pm Dearime, please stop insulting jerks like that. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.