If you're going to some cocktail parties this weekend and the issue of the S&P downgrading the U.S. credit rating comes up, (and it will) might I suggest this video as a primer, so that you have some talking points.

Economists are the new rock stars.

Nouriel Roubini (and others) on Bloomberg TV. It's 21 minutes long, but worth it. He makes some good points.

In Good Company

According to Twitter, these people have feeds similar to mine. This implies that I am a cross between a brilliant economist, a personal finance guru, a wine connoisseur and a Southern Belle. Not bad. Or inaccurate.