The Rating Arrives After the Market Already Decided
Credit ratings lag the market by design, which would be harmless if so many mandates were not written to act on them. The lag is priced in; the forced selling is not.
Sunday, September 6th, 2026
Credit ratings lag the market by design, which would be harmless if so many mandates were not written to act on them. The lag is priced in; the forced selling is not.
Public access television was funded by a cable levy that cord-cutting is quietly ending. The studios that survived did so by becoming something the town needed more.