USA downgraded to aa

[ducks]

Fitch downgrades U.S. long-term rating to AA+ from AAA

great job Biden .. the only times rating agencies have ever downgraded US treasuries was under Democrat Presidents .. Obama in 2011 and Biden in 2023!! what does that tell you.. let all the liberals know what they have caused

[ChumpDumper]

Fitch downgrades U.S. long-term rating to AA+ from AAA

great job Biden .. the only times rating agencies have ever downgraded US treasuries was under Democrat Presidents .. Obama in 2011 and Biden in 2023!! what does that tell you.. let all the liberals know what they have caused:lol Both times Republicans threatened to become deadbeats. That is the only reason for the downgrade.

Take responsibility for your failure.

[Thread]

Tell it, ducks.

Testify!!!

[daboom1]

Tell it, ducks.

Testify!!!

[Winehole23]

credit event. interesting. I hear BOJ has some difficult choices right now..

will risk on strategies come back into view?

the previous year was notable for treasurys decoupling from securities and dipping even further.

[Winehole23]

I think this has happened in the US like, one or two other times.

(That's recalled by heart. I'll look it up if anyone cares.)

[FuzzyLumpkins]

Of course the biannual GOP debt ceiling showdown as specifically cited by Fitch has nothing to do with it.

[Thread]

I think this has happened in the US like, one or two other times.

(That's recalled by heart. I'll look it up if anyone cares.)

Prove it, big mouth. Chop/chop!!!

[Thread]

Of course the biannual GOP debt ceiling showdown as specifically cited by Fitch has nothing to do with it.

ducks caught ya's unawares, huh, and nailed your asses to the barn door just after midnight.

ducks

[diego]

Despite the deal, he and his colleagues felt strongly that the country's political divisions were making it too difficult for the government to make critical decisions about its finances and its policies.

So the committee Chambers chaired held an up-or-down vote, and S&P rendered its judgment: to lower the U.S. credit rating by one notch, to AA+.
https://www.npr.org/2023/06/05/1179114631/credit-ratings-aaa-debt-ceiling-limit-biden-house-republicans

[Nbadan]

So this downgrade is political and not based on the US ability to pay interest on its debt. Stock market and 401K bare the brunt of this downgrade

[ducks]

Those 2 democracts divided the nation more then any presidents ever
Very terrible people
Biden proof got paid by China
Was talking to son on business deals as senator and vp

[Nbadan]

I don't see riots in the streets....

[Thread]

Those 2 democracts divided the nation more then any presidents ever
Very terrible people
Biden proof got paid by China
Was talking to son on business deals as senator and vp

Tell it, ducks.

Testify!!!

[Thread]

I don't see riots in the streets....

You only rioted to get rid of Trump. Once rid of same, you quit rioting. You're rioters, not fools.

[Nbadan]

You only rioted to get rid of Trump. Once rid of same, you quit rioting. You're rioters, not fools.

So you think bringing Trump back is a good idea?

[Thread]

Those 2 democracts divided the nation more then any presidents ever
Very terrible people
Biden proof got paid by China
Was talking to son on business deals as senator and vp

...but it's the age old "Jaws" thingy, ducks. I say "barracuda," you say "huh, what?" I say "shark" and you say..."uh, oh, OMG."

I say "Biden got paid by China, was talking to son..." You say "huh,l what?" I say "Trump inresurrected," and you say "uh, oh, OMG."

[baseline bum]

So you think bringing Trump back is a good idea?

Cubby's a Wallace Democrat

[Thread]

So you think bringing Trump back is a good idea?

Absolutely. I want to see your side driven before the horde. I want to see your side pay for their damnation's against Trump. I want to see him persevere in the broad daylight and go back in there. Yes, a thousands times yes, dan. Will I get it? I don't think so, but it's all I got.

[Nbadan]

Absolutely. I want to see your side driven before the horde. I want to see your side pay for their damnation's against Trump. I want to see him persevere in the broad daylight and go back in there. Yes, a thousands times yes, dan. Will I get it? I don't think so, but it's all I got.

idk man...im all with you on taking down the shadow government, but you need a better pony

[Thread]

Cubby's a Wallace Democrat

...absolutely...know it by heart, bum..."From the cradle of the Confederacy, the very heart of the great Angle Saxon South-land today we sound the call of freedom. Let us rise to the call of freedom loving blood that is in us...in the name of the greatest people who has ever trod this earth..."

Some times when the kids are over for dinner and we're watching the CNN they'll have a story that gets my goat and I'll start right on in..."From the cradle..."

From the kitchen area: "Dale! And I mean it now!"

[Thread]

idk man...im all with you on taking down the shadow government, but you need a better pony

...that'll never happen. We're in way too deep now. All we have now is the memories and they'll have to do, and they do, at least for me, sometimes. Like today.

[SnakeBoy]

So this downgrade is political and not based on the US ability to pay interest on its debt. Stock market and 401K bare the brunt of this downgrade

Mostly but not entirely. They also cite the impending recession as a factor in the downgrade. It's coming next quarter for however many quarters it takes to arrive.

[SnakeBoy]

1686596874046787584

[ChumpDumper]

Mostly but not entirely. They also cite the impending recession as a factor in the downgrade. It's coming next quarter for however many quarters it takes to arrive.

How has recession historically affected the US ability to pay its debt?

[hater]

:lmao

Bidenomics :lmao

[SnakeBoy]

How has recession historically affected the US ability to pay its debt?

They didn't say that it would. Why do you think they did?

[ChumpDumper]

They didn't say that it would. Why do you think they did?How have perceived possible future recessions of indeterminate severity affect bond ratings historically?

[FrostKing]

https://i.ibb.co/dBQzLfL/3tyr7isbdek61.jpg

[Thread]

:lmao

Bidenomics :lmao

$4 a gallon gas...now good.

[pgardn]

:lmao

Bidenomics :lmao

Like you actually understand any of this cabbage for brains...

[Thread]

Like you actually understand any of this cabbage for brains...

...look at peeg, coming to the fore.

[pgardn]

...look at peeg, coming to the fore.

Hater is a huge fat pitch ready to be hammered if thats what you mean.

[SnakeBoy]

...look at peeg, coming to the fore.

He's still mad about the vaccine. He thought it would sterilize him.

[pgardn]

He's still mad about the vaccine. It ruined my brain.

An absolute success of a vaccine has Snaked going pure fkn mental....

[Thread]

Hater is a huge fat pitch ready to be hammered if thats what you mean.

I don't recall you being so mean spirited, peeg. You always had an even keel.

[FuzzyLumpkins]

1686596874046787584

Fitch downgraded the United States to AA+ from AAA, citing . . . repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

https://www.reuters.com/markets/us/fitch-cuts-us-governments-aaa-credit-rating-by-one-notch-2023-08-01/

[SnakeBoy]

Fitch downgraded the United States to AA+ from AAA, citing . . . repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

https://www.reuters.com/markets/us/fitch-cuts-us-governments-aaa-credit-rating-by-one-notch-2023-08-01/

Fitch also highlighted the rising general government deficit, which it anticipates will rise to 6.3% of gross domestic product in 2023, from 3.7% in 2022. “Cuts to non-defense discretionary spending (15% of total federal spending) as agreed in the Fiscal Responsibility Act offer only a modest improvement to the medium-term fiscal outlook,” Fitch said.

Ol Joe made it down-the-wire debt ceiling negotiations by sticking to his "no deals" approach until he folded and made a last minute deal

[boutons_deux]

Fitch downgraded the United States to AA+ from AAA, citing . . . repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

https://www.reuters.com/markets/us/fitch-cuts-us-governments-aaa-credit-rating-by-one-notch-2023-08-01/

Also, because of "political instability" of Jan 6 and aftermath.

[FuzzyLumpkins]

Fitch also highlighted the rising general government deficit, which it anticipates will rise to 6.3% of gross domestic product in 2023, from 3.7% in 2022. “Cuts to non-defense discretionary spending (15% of total federal spending) as agreed in the Fiscal Responsibility Act offer only a modest improvement to the medium-term fiscal outlook,” Fitch said.

Ol Joe made it down-the-wire debt ceiling negotiations by sticking to his "no deals" approach until he folded and made a last minute deal

:lol sure and who did huge tax cuts with no cuts in spending citing supply side nonsense?

[Nbadan]

Ol Joe made it down-the-wire debt ceiling negotiations by sticking to his "no deals" approach until he folded and made a last minute deal

I remember many GOPers crying, no deal....then they made a deal