OutForARip@lemmy.ca to World News@quokk.au · 8 days agoWith Moody's downgrade, US loses treasured Aaa credit ratingwww.reuters.comexternal-linkmessage-square2linkfedilinkarrow-up130arrow-down10 cross-posted to: FuckTheUSA@lemmy.causa@midwest.socialnews@hexbear.netusa@lemmy.mlus_news@lemmygrad.ml
arrow-up130arrow-down1external-linkWith Moody's downgrade, US loses treasured Aaa credit ratingwww.reuters.comOutForARip@lemmy.ca to World News@quokk.au · 8 days agomessage-square2linkfedilink cross-posted to: FuckTheUSA@lemmy.causa@midwest.socialnews@hexbear.netusa@lemmy.mlus_news@lemmygrad.ml
minus-squaremutual_ayed@sh.itjust.workslinkfedilinkEnglisharrow-up5arrow-down1·edit-28 days agoOh no, not again! https://en.m.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades Shit means nothing until countries start selling off their US Dollar stockpiles and quick backing international transactions with the US dollar. The only thing this does is make US bonds and cash reserves cheap.
Oh no, not again!
https://en.m.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades
Shit means nothing until countries start selling off their US Dollar stockpiles and quick backing international transactions with the US dollar. The only thing this does is make US bonds and cash reserves cheap.