"US" dollar down graded from AAA to AA,with the watch turned from stable to negative by Fitch

[smokingman]

"Arbitrary... Outdated!" - Yellen Outraged After Fitch Cuts USA's AAA-Rating | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

US stocks were mostly lower amid weak data, while futures are pressured on Fitch's US rating downgrade - Newsquawk Asia-Pac Market Open | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

With the US printing(borrowing) more than it ever has(less covid) this quarter,it really should be a shock to no one.

A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.

www.nytimes.com

 

[DadSmith]

Fitch downgrades US credit rating from AAA to AA+

The rating agency said it had noted a "steady deterioration" in governance over the last 20 years.

www.bbc.com

Thank you Biden handlers. Hope they are getting hundreds of millions to sell out, and destroy their country.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

 

[Expat]

This should cause interest rates to go up to service the debt. How are they going to pay it? Just print more money? More inflation, higher interest rates? Sounds like a spiral.

 

[blain]

This should cause interest rates to go up to service the debt. How are they going to pay it? Just print more money? More inflation, higher interest rates? Sounds like a spiral.

The "spiral" is un-American talk like that.
I've been walking this earth for over 6 decades, and I've seen a lot of tough spots the USA has been in.
I declare, as a red blooded, patriotic American, that we're going to prevail the way we've done before.
~ We're going to keep digging, until we dig ourselves out of this hole! ~

 

[cbhausen]

This isn’t the beginning of the end, it’s just another lap around the drain. Lady Liberty weeps.

 

[Leadeye]

Always follow the money, cui bono.

 

[Tombs]

And our decline from being a first world nation has officially been noticed.

 

[BugI02]

The "spiral" is un-American talk like that.
I've been walking this earth for over 6 decades, and I've seen a lot of tough spots the USA has been in.
I declare, as a red blooded, patriotic American, that we're going to prevail the way we've done before.
~ We're going to keep digging, until we dig ourselves out of this hole! ~

Personally I think they'll push more and more government bonds into individual and group retirement accounts and then give their domestic bondholders a haircut buzzcut (while protecting foreign bondholders) in order to get somewhat of a handle on the debt should the WEF decide that is necessary

 

[BugI02]

And our decline from being a first world nation has officially been noticed.

When after having been number one for 80 years; everybody else hates you, is rooting for your fall and enthusiastically enabling that fall wherever and whenever they can

 

[cbhausen]

This fall is self-inflicted, though.

 

[Expat]

Brandon is calling this the Trump downgrade. He is blaming this on Trump and the Ultra MAGA Republicans. He apparently has not been President the last 3 years...

 

[printcraft]

Brandon is calling this the Trump downgrade. He is blaming this on Trump and the Ultra MAGA Republicans. He apparently has not been President the last 3 years...

Where my INGO biden voters at?
Come on you short sighted dip..its , speak up.

 

[Super Bee]

 

[blain]

Brandon is calling this the Trump downgrade. He is blaming this on Trump and the Ultra MAGA Republicans. He apparently has not been President the last 3 years...

This is FDR's fault.

 

[actaeon277]

View attachment 290633

Pretty much what Pres. Biden is pushing.
"It's not my fault"


The White House says it "disagrees" with the assessment.
REALLY?
Wow. Didn't see them "disagreeing". Who would have imagined.

I don't pay my bills and the credit companies downgrade my credit rating..
I can disagree all l want.
Not going to change a thing.

 

[DadSmith]

This fall is self-inflicted, though.

This is exactly what is going on all around the world, not just the United States.
Every powerful western country is being brought low. It's a plan and it bought, and paid for by Russia, China, and possibly those in charge of the great reset.
We aren't the only ones suffering from traitors in leadership...

 

[smokingman]

For those that think it does not matter(JPM included).

Stock market today: Dow down as U.S debt ratings downgrade, chip dent in tech bite By Investing.com

Stock market today: Dow down as U.S debt ratings downgrade, chip dent in tech bite

www.investing.com

 

[DoggyDaddy]

Dupe.

Fitch downgrades US credit rating from AAA to AA+

https://www.bbc.com/news/business-66379366 Thank you Biden handlers. Hope they are getting hundreds of millions to sell out, and destroy their country. "The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general...

www.indianagunowners.com

 

[smokingman]

Dupe.

Fitch downgrades US credit rating from AAA to AA+

https://www.bbc.com/news/business-66379366 Thank you Biden handlers. Hope they are getting hundreds of millions to sell out, and destroy their country. "The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general...

www.indianagunowners.com

That is a dupe thread posted 8-9hrs after this one.
Maybe I put it in the wrong place. Higher yields=more inflation and higher lending costs.

Yields Surge After Treasury Boosts Auction Sizes More Than Expected, Sees Debt Issuance Tsunami On Deck | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

and as expected...it is Trump's fault.

Biden Blames USA Downgrade On Trump | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[DoggyDaddy]

That is a dupe thread posted 8-9hrs after this one.
Maybe I put it in the wrong place.

Yields Surge After Treasury Boosts Auction Sizes More Than Expected, Sees Debt Issuance Tsunami On Deck | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Ah, my bad. I hadn't seen this one before I saw the other.