The US Government lost its AAA rating at Fitch Last Night

[贾和平]

The government credit score has been cut one level from AAA to AA+.

But don't worry. The US government can always print money to pay its debt and to pay IRA, Chip Act, and Infrastructure Act recently passed, But again, a bigger but, Treasury yield will rise. If treasury yield should be up what about the stock market in this seasonal low of August? The last time SP downgraded the US government rating, bond yield was up since the market was seeking safety heaven at the time. Wait and see this time.

Last night U.S. Treasury Secretary Janet Yellen issued an immediate rebuke to the downgrade: “I strongly disagree with Fitch Ratings’ decision. The change by Fitch Ratings announced today is arbitrary and based on outdated data. ..., ..."

 

[billwanhua]

谁知道，给政府的评级，收不收费呀

 

[贾和平]

谁知道，给政府的评级，收不收费呀

I believe you know that credit agencies 给everyone, including you and me评级 ( credit score). Your credit rating determines your interest rate when you borrow. If you have a financial product to sell, you need to pay a credit agency to rate your product.

The US Treasury credit rating is the US government credit rating.

PS: I also believe everyone knows the US government and the US military power and most importantly its reserve currency power. The rating agencies' power is nothing compared to the US government's those powers.

 

[billwanhua]

I believe you know that credit agencies 给everyone, including you and me评级 ( credit score). Your credit rating determines your interest rate when you borrow. If you have a financial product to sell, you need to pay a credit agency to rate your product.

The US Treasury credit rating is the US government credit rating.

他们怎么赚钱呢？
跟这个评级不一样？这个是收费给评级。美国政府的bonds难道不是financial product

 

[肥猫]

债市暴跌

 

[billwanhua]

债市暴跌

老美会玩，上次银行危机，还有国会债务上限没有达成协议的时候，不搞，现在都解决了，反而搞一个这个，时间点很微妙，感觉不完全是市场决定的。

 

[ASSISTANT]

谁说美银行倒闭过去了。美做的就是淡化让人们忘记。现在信用评级反应的是严重的内部矛盾和经济困境。美在分裂衰退的路上狂奔

 

[茶马盐铁]

美国，完了！

这个世界终究还是要依靠中国来拯救！