standard and poor

We now all know the limitations of Standard and Poor, what they missed and what they didn't, why to blame Republicans, why to blame Obama, and that Austerity is the new watchword in the US, while rioting has taken everyone's imagination in the UK (wow, aren't we timely?) Most of us are worried that the US will slip back into a recession. You shouldn't be. The reason you shouldn't be worried is that the good news is that the US was never *really* out of a recession. Sure, in economist terms, we technically had some quarters of growth and a nice extended stock market rally, but in the net,…