Watch closely, one of Trump’s son is promoting Bitcoin, the other Gold. Something is up, and I trust President Trump has a plan.
Our government spends too much.
Note that this is twice as much as the amount of U.S. treasuries that China owns, and that we make regular payments to.
The US definitely deserved this. Our spending has been out of control since the Bush II Administration. But if it was a "warning", it should have occurred during the Biden Administration when spending hit truly insane levels.
BRICS isn’t a worry, but the debt and Treasury yields rising ARE a worry.
We need to get this crap under control. Growth will help, but spending must must must must must be cut.
If USA was a private corporation it’s credit rating would be CCC-
But because federals have racing powers and money printing machine, it is still AAa-.
Maybe. Reminder: Moodys and the others fraudulently kept the bond ratings for Lehman Bros. and others UP during the subprime crisis, so I take what they say with a grain of rocksalt.
https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating
This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the largest three major credit rating agencies: Standard & Poor’s, Fitch, and Moody’s.
This downgrade is totally political...
It is indeed. It might have been averted if the Big Bad Bill had featured more cost-cutting rather than increased spending for Chinese solar panels etc.
President Trump is in a foot race to mollify the bond vigilantes by trimming the annual deficit but he is hobbled by a political reality that will not abide spending cuts. We would not significantly cut spending after the revelations of DOGE, so the hill Trump must climb is higher and steeper.
As long as I get my SS direct deposit next month.
Trump brought the gulf Arabs into the the fold. Without them bricks is nothing
When you have nothing to begin with, you have nothing to lose. That’s me.