When somebody says there's no obvious solution, take that with a grain of salt, the problem is the solution they don't want to do because it's uncomfortable, like a person that is obese, the solution is stop eating so much.
With Trump wrecking everything, expect several more downgrades in the next few years.
I HOW ABOUT THE AMERICAN PEOPLE STOP PAYING TAXES EVERY YEAR!!!? Let Trump find the money for government from his rich friends. FKTRUM
With these traitors and grifters incharge, do not expect much!
The US is paying 18% in interest. 😅
As a Canadian I continue to boycott american products and america itself. I am not alone, there is a BABA movement in the world 'Buy anything but american'. This includes bonds that other countries have that they are now SELLING!
IT IS A MORAL AND ETHICAL OBLIGATION TO BOYCOTT FASCIST AMREICA'S GOODS AND SERVICES INCLUDING STOCKS AND TREASURIES.
somethings going to give, too many competing interests
so many scott bessent clips to be featured in "the big short 2"
I used to have almost all my pension invested in the US I have sold the lot, happy to be out, I don’t live in the US and am not American.
hasn't the sell off already began by Japan and China, and lesser extent by Europe
Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation. Of the three major credit rating agencies, Moody’s was the lone holdout, maintaining its outstanding rating of AAA for US debt. Moody’s held a perfect credit rating for the United States since 1917. It now ranks US creditworthiness one notch below that, at Aa1, joining Fitch Ratings and S&P, which lowered their credit ratings for US debt in 2023 and 2011, respectively.
REALITY -> The ONLY figure that matters is debt to GDP and where that is going. The term on most US debt issuance is short, only 6 years average. In 6 years time, all that outstanding low interest debt (average 3%) will have been rolled over at higher interest rates (average 5%+). Any new debt issuance (which is increasing) is also issued at these higher rates. It would be impossible to "grow the GDP faster than the debt grows" under these circumstances. Spending cuts, ending tax cuts, and taxing the wealthy significantly more is the ONLY way out of this mess.
The markets gave Moody's too much credit. The "Sell America" fears started with Trump's inauguration.
Bessent is liar
Never Mind Day. LOL
But other credit ratings downgraded the USA years ago.
Good 👍🎉🎉
Everyone is already selling. Despite likely interest rate cuts and a slowing economy, the USD, the S&P 500 and USA treasuries are all falling simultaneously. The US is now at 4.5% interest for 10y and 5% for 30y.
@madtubedog