Economy Thread

[Foxx]

Wow

 

[Ann]

No idea where to put this...

 

Moody's turns negative on US credit rating, draws Washington ire

 

Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.

 

The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after months of political brinkmanship around the U.S. debt ceiling.

 

Federal spending and political polarization have been a rising concern for investors, contributing to a selloff that took U.S. government bond prices to their lowest levels in 16 years.

 

</snip>

 

Moody's is the last of the three major rating agencies to maintain a top rating for the U.S. government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011.

 

</snip>

[Nouseforaname]

 

[Ann]

[devnull]

On 11/18/2023 at 3:59 PM, Ann said:

 

Needs a Let's Go Brandon bumper sticker

[Ann]

CNN is nuts

 

 

[Billsandhorns]

1 hour ago, Ann said:

CNN is nuts

 

 

Just go to the food bank

[Ann]

Just now, Billsandhorns said:

Just go to the food bank

My husband said to me, “Where are they shopping? A soup kitchen?”

[Billsandhorns]

1 minute ago, Ann said:

My husband said to me, “Where are they shopping? A soup kitchen?”

Similar concept. I drive by a food bank on my way to work and the line is always super long before they even open. 

[devnull]

When even the Washington Post says the water they are carrying for you doesn't smell right...

[Nouseforaname]

 

[devnull]

7 hours ago, Nouseforaname said:

 

 

 

"we still have a way to go... nobody is declaring victory... that would be premature"

Translation:  The economy still sucks

 

"we discussed the timing of rate cuts"

Translation: There's an election coming up and Democrats are gonna need help

 

 

[Nouseforaname]

4 hours ago, devnull said:

 

 

"we still have a way to go... nobody is declaring victory... that would be premature"

Translation:  The economy still sucks

 

"we discussed the timing of rate cuts"

Translation: There's an election coming up and Democrats are gonna need help

 

 

 

The American economy based on unemployment and growth does not suck. It could be better but it's still roaring at a macro level.

 

Canada on the other hand..

 

 

[devnull]

1 hour ago, Nouseforaname said:

 

The American economy based on unemployment and growth does not suck. It could be better but it's still roaring at a macro level.

 

Canada on the other hand..

 

 

FTFY