Economic News | Moodys downgrades U.S. Debt Rating

[Healing]

I assume big investors are still excited about Bigly tax cuts and killing off the poor

Trouble is, “killing off the poor” = no work force and a terrible market for consumer goods = shit economic environment = lower corporate valuations. Sorry, but robots and AI aren’t ready to manage every harvest, build every luxury penthouse, respond to a code blue, fix your water main, curate your landscaping, clean hotel rooms, etc.

 

[altmin]

Moody’s strips US of top-notch triple-A credit rating

Agency warns of rising debt and deficit payments

www.ft.com

 

[nycfan]

 

[nycfan]

“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. …”

 

[nycfan]

“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. …”

 

[heelinhell]

“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. …”

It will be interesting to see how investors and traders will react this week.

a flight to safety once again ? In this chaotic environment I continue to believe cash is king...

 

[ChapelHillSooner]

It will be interesting to see how investors and traders will react this week.

a flight to safety once again ? In this chaotic environment I continue to believe cash is king...

I believed that too after moving most of my 401k to cash in February.

I relented two days ago. Thought that I at least bought cheaper than I sold.

But f’ me on my timing.