Sovereign Debt Woes: Who's the 'U' in STUPID?(there is PIIGS, and now STUPID, too)

CNBC ^ | 03/02/10 | Patrick Allen

[TigerLikesRooster]

Sovereign Debt Woes: Who's the 'U' in STUPID?

Posted By: Patrick Allen | CNBC Senior News Editor

CNBC.com

| 02 Mar 2010 | 10:01 AM ET

PIIGS has become a financial crisis acronym to rival BRIC, ASAP and WML (whatever major loser for those over 15). Now, though, a new acronym is being talked about in the corridors of power and it is all about the economy, STUPID.

STUPID is said to stand for Spain, Turkey, Ukraine, Portugal, Ireland and Dubai. That's six countries that got themselves into trouble with high borrowing over the last few years and now worry investors across the world.

With all due respect to Ukraine, it is not yet seen as a major economy which could destabilize the global market. But there are two U's who could easily qualify for the STUPID rogues' gallery: the United Kingdom and the United States.

[TigerLikesRooster]

P!

[mlocher]

CNBC published this?! Not sure I understand the motivation.

[TigerLikesRooster]

Probably regaining some credibility to peddle the more important lie later? The bar has been lowered so much that it doesn't take much to show their credibility is going up.:-)

[blam]

"th all due respect to Ukraine, it is not yet seen as a major economy which could destabilize the global market. But there are two U's who could easily qualify for the STUPID rogues' gallery: the United Kingdom and the United States."

Wouldn't that be UKUS?

[OB1kNOb]

Or if it was the United States and the United Kindgom, it would be USUK..... ;-)

[dennisw]

[VA Voter]

Spain, Turkey, UK, Portugal, Italy, Dubai