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What it really meant when US Treasury
securities were just downgraded

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Posted By: FlyRight, 8/3/2023 9:05:26 PM

See also: US credit rating sinks as national debt increases When Fitch, the securities ratings agency, downgraded US sovereign debt, it was a huge story in the financial world. The Wall Street Journal’s initial coverage noted that it was: …clouding the outlook for the $25 trillion global market for Treasurys. Fitch’s rating on the U.S. now stands at “AA+”, or one notch below the top “AAA” grade. America’s reputation for reliably making good on its IOUs has cast Treasury bonds in an indispensable role in global markets: a safe-haven security offering nearly risk-free returns. Treasurys serve as a critical benchmark for returns on stocks and other bonds,

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Reply 1 - Posted by: Felixed 8/3/2023 10:05:45 PM (No. 1526943)
...while the String Quartet plays on at the stern, the deck tilting. In case you haven't noticed, many consequential economies are busy cobbling together a "work around" for the US Dollar. Our days of benefiting from owning the world's "reserve currency" are arriving at their twilight. And when new "Treasuries" are offered for sale, nobody buys them except "Uncle Sam". Using one's Visa to pay off their American Express is NOT a viable long-term solution. Nobody in power at the moment is offering anything else.
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Reply 2 - Posted by: vhs68 8/3/2023 11:43:34 PM (No. 1526987)
The Big Short is a really great movie explaining the 2008 financial crisis. cast includes: christian bale. steve carell. brad pitt. ryan gosling. tracy letts. marisa tomei. jeremy strong. informative & entertaining........................
4 people like this.

Reply 3 - Posted by: doctorfixit 8/4/2023 4:48:54 AM (No. 1527066)
US Treasury debt should be at junk bond ratings. It's the only way to kill the Deep State. Cut off the blood supply to the brain.
4 people like this.

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