Downgrade
Fitch Ratings downgraded US long-term default rating to AA+ from AAA
They shared that “the repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management”.
The last time US had a similar downgrade, the stock market fell quite a fair bit. Let’s see what impact it has on the market now.
US futures opened lower today.
They shared that “the repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management”.
The last time US had a similar downgrade, the stock market fell quite a fair bit. Let’s see what impact it has on the market now.
US futures opened lower today.
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razo2 : gg. now countries will ask US to pay up bond. wait for BRICS and Saudi Energy Minister. this will be the last kick for the USD
Ultratech : people worshipping Trump won't acknowledge how he lashed out at big tech saying how they were doing a lot of bad things. that effected everyones 401K
razo2 Ultratech : well biden isn't exactly the best president either. is a case of choose between cat shit and dog shit.
iamiam Ultratech : if something affects your 401, that's on you. big tech did do a lot of bad things and needed lashed out at. Your take, in general, is lazy and reeks of CNN and victimhood. I'm no Trump fan, but I made nearly 70% returns every year under Trump, including covid year (one of my best). If you trusted someone else with your money and lost, that's on you.
73407951 razo2 : Because of the decline in ratings and the Black Swan incident, the US stock market took a collective dive, and the withdrawal of part of retail capital caused turmoil in US stocks. It will take some time for the pullback to take place.
Ultratech iamiam : Trump rode in on obamas positive trend.
Ultratech : at gas station I went into Fox news talking about Biden going to the beach too much etc. how many times did Trump golf? don't people understand he left country burning on purpose for the next guy just to say ooo he sucks at his job etc. Trump is indicted like almost about to be 4 times but people are brainwashed by the devil basically