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Wonk Watch 7.17.09

By Amy Tennery and Gabriel Beltrone
Posted Friday, July 17, 2009 - 3:51pm

Brad DeLong made the bold suggestion that it's "not yet time to worry about the long-term fiscal outlook" in the United States. We still have two years to start concerning ourselves with sustainability of the U.S. budget, DeLonghe said. To freak out early, he argued, "paralyzes needed action without paying any dividends." Shouting fire in a movie theater has never been my forte, but, if it's all the same to DeLong, I'm going to go ahead and keep panicking anyway.

  • Amy Tennery is a proud former intern of The Big Money. She is currently an editorial assistant at The Real Deal and can be reached at at@therealdeal.com.
  • Gabriel Beltrone is an intern at The Big Money.

Word of the Week

By Amy Tennery
Posted Friday, July 17, 2009 - 3:10pm

The AAA distinction is the highest bond credit rating handed out by three of the largest ratings agencies: Standard & Poor's, Fitch Ratings, and Moody's Investors Service (which displays the rating as Aaa, rather than AAA).

  • Amy Tennery is a proud former intern of The Big Money. She is currently an editorial assistant at The Real Deal and can be reached at at@therealdeal.com.

Why Crocs Are Perfect


By Caitlin McDevitt
Posted Friday, July 17, 2009 - 2:36pm
Turquoise Crocs™ Footwear

John Duerden, the CEO of Crocs (CROX), must have been peeved to see the front page of the Washington Post's business section yesterday led by this story: "Once-Trendy Crocs Could Be On Last Legs." The article foreshadowed doom for the company known for making rainbow-colored footwear:

 

  • Caitlin McDevitt is an editorial assistant at The Big Money.