KEY POINTS
- Moody’s had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals.
- The decision to lower the United States credit profile would be expected, at the margin, to lift the yield that investors demand in order to buy U.S. Treasury debt to reflect more risk, and could dampen sentiment toward owning U.S. assets, including stocks.
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GROWTH In Debt? That’s silly! Trump TOLD ME we were LOWERING our Debt! MOODYS IS WOKE DEI SOCIALISM!
Saw this coming a mile away. Going to hurt borrowing across the board
I saw this coming and have been getting out of assets priced in US dollars for that exact reason.
Even the credit shop isn’t buying it anymore.
Unfortunately most of the western world is simply in a debt spiral they can’t get out of, America leading the pack.
The US has two parties, one wants to increase spending, the other generally wants to cut taxes, but neither of them cares about the consequences.
I guess, why would they? Most of them won’t live to see those consequences.
