Showing posts with label Downgrades. Show all posts
Showing posts with label Downgrades. Show all posts
Friday, May 16, 2025

The Golden Age isn't AAA

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USA loses last AAA rating, from Moody's, perfectly timed for after GOP can't move a budget out of committee lol

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Moody’s downgrades U.S. credit rating, citing rise in government debt ... Moody’s had been a holdout in keeping U.S. sovereign debt at the ...
Wednesday, March 26, 2025

Get ready for America to lose its AAA credit rating entirely under Trump

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 ... The agency said in a report that the country's fiscal health deteriorated further since Moody's lowered its outlook on the U.S....
Friday, February 14, 2025

Former S&P sovereign bond unit executive who participated in the Obama era 2011 credit downgrade basically calls Trump's America a banana republic, and DOGE not a proper government department

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  WSJ:   What about DOGE’s   accessing the Treasury Department’s   payment system? Kraemer:   We don’t have all the details of what they too...
Thursday, December 19, 2024

Trump's a Democrat now lol

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  Making chumps of us all. President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling,  a day after he came...
Thursday, August 29, 2024

Your reminder that each of the US credit downgrades occurred seven months after each of Nancy Pelosi's disastrous House Speakerships during which she spent in excess of revenues by 251%, the worst deficit spending on record

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Pelosi was Speaker of the House Jan 3, 2019-Jan 3, 2023 and Jan 4, 2007-Jan 3, 2011.  
Tuesday, October 3, 2023

Multimedia journalism major with a minor in Spanish says it's a good time to buy bonds

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It's a Good Time To Buy Bonds. Just Know What You're Getting Into At least she doesn't have degrees in English literature and ph...
Wednesday, September 27, 2023

It turns out that former S&P Sovereign Ratings Committee Chair John B. Chambers, who presided over the AAA downgrade in 2011, is a partisan wackadoodle

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  Here commenting about today: “The external position is about the same, but I think the governance has weakened and the fractiousness of ...
Saturday, August 5, 2023

This week's lucky number is 2

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There's only one Speaker of the House who ever spent more than 300% of current tax revenues twice. And there's only one Speaker of t...
Friday, August 4, 2023

The US debt downgrades of 2011 and 2023 have one thing in common: Nancy Pelosi's record of the four most fiscally irresponsible years in the post-war

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Nancy Pelosi owns the record for the four most fiscally irresponsible years in the post-war, spending 316% of tax receipts in 2020, 276% in ...
Wednesday, August 2, 2023

Some people say they don't understand why Fitch Ratings downgraded the US to AA+ from AAA

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  Debt to the penny: July 31: $32,608,585,072,666.14 May 31: $31,464,457,465,522.98 Debt increase in 2 months: $1,144,127,607,143.16, about ...
Thursday, October 20, 2022

The US Treasury crash is epitomized by what's happened to Vanguard's long term Treasury mutual fund VUSTX

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                        The fund is down to $8.36 tonight, 2 cents away from its all time low set on October 19, 1987 at $8.34. That was 35 ...
Friday, May 25, 2018

GE's Obama champion Jeff Immelt took its bonds from AAA to one notch above junk, just like its products

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From the story here , which never once mentions the problem of declining product quality: It’s a bad day for a CEO when he announces h...
Wednesday, August 27, 2014

Congressional Budget Office quietly predicts 1.5% real 2014 GDP one day before BEA.gov announcement

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Is 2Q2014 GDP of 4% just a memory? The Canadian Broadcasting Corporation (!) had the story here : "The Congressional Budget Office on W...
Tuesday, September 17, 2013

Charlie Gasparino Gets It Right: America Lost Its AAA Because Of Debt, Not Debt Ceiling

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Charles Gasparino for The New York Post, here : In fact, economic growth is barely existent on [Obama's] watch; millions of Americans ha...
Friday, January 18, 2013

Three Dubious Firsts For Obama In Quick Succession In 2011

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The dollar hit its all time low under Obama, on 5/2/11 at 67.97, but this has not been much discussed even though it is surely related to th...
Tuesday, January 15, 2013

Dr. Strangeobama Blames Republicans Yesterday For Net Zero Jobs In August 2011?

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It's like a scene out of Dr. Strangelove, where the delusional General Ripper blames fluoridation of the water supply beginning in 1946 ...
Thursday, January 3, 2013

Moody's Warns Lack Of Deficit Reduction Could Affect AAA Rating Negatively

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As reported by Reuters, here : "On the other hand, lack of further deficit reduction measures could affect the rating negatively,"...
Wednesday, January 2, 2013

OK, How Long Before The Ratings Agencies Downgrade Us Again?

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I'd take bets, but that's illegal, so I'll just wager a hearty pat on the back that the next debt downgrade takes three months, ...
Tuesday, January 1, 2013

Senate Passes Fiscal Compromise At 2 AM, 89-8

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So reports CNBC and Reuters, here , noting that taxes go up only on the wealthy and that the sequester agreement cutting spending is post-po...