news Fitch downgrades US from AAA to AA+, cites last-minute fiscal deals, aging population

[Vermillion]

 

https://www.forexlive.com/news/fitch-downgrades-usa-long-term-credit-rating-to-aa-from-aaa-20230801/

[Blue Jeans]

Maybe the 90’s was the real peak 

[Vermillion]

5 minutes ago, Blue Jeans said:

Maybe the 90’s was the real peak 

I mean, I've been saying this for years. Not anymore, I'm just pro alien invasion or meteor.

[Onyxmage]

Imagine if your credit score was downgraded if you paid the bill the day before it was due.

[byzantium]

2 minutes ago, Onyxmage said:

Imagine if your credit score was downgraded if you paid the bill the day before it was due.

Well if you go around flaunting that you might not pay your bill every time it becomes due, lenders might get a little worried about your willingness to pay. 

[Vermillion]

1 minute ago, Onyxmage said:

Imagine if your credit score was downgraded if you paid the bill the day before it was due.

I mean, there's been political accusations against Fitch forever, but this is a valid point. They cite more than this, but some of their talking points in the press release go out of their way to mention needing social spending cuts and not the military once.

[Sergi91]

32 minutes ago, Blue Jeans said:

Maybe the 90’s was the real peak 

Clinton did THAT! 

[Tropez]

The US is over. 

[Onyxmage]

4 hours ago, byzantium said:

Well if you go around flaunting that you might not pay your bill every time it becomes due, lenders might get a little worried about your willingness to pay. 

but.....they do. The US still hasn't defaulted on its bills even with all the messiness. This downgrade just seems petty for no reason.

[SwiftLover]

Savings account to the rescue when lenders say NO just like the rest of us