The Soapbox

nyhoo

Joined: 08/14/1998 Posts: 1540
Likes: 1286


You have cherry picked the parts of the report to fit your narrative


You have taken two datapoints, and put together a thesis that is not only not proven, but basically ignores about 90% of the substance of the report. You do not even believe what the agency is telling you about their downgrade. I think that is disingenuous and actually destructive.

As I mentioned, I had a conversation in March with the analyst at Fitch about this very topic. I can tell you that there is no way the US can blow through 100% debt / GDP and stay AAA rated indefinitely. He told me that the reason there had not yet been a downgrade was the agency's expectation that there would be political will to end the increasing fiscal deterioration of the government. That clearly has not happened and Fitch has lost faith in it happening, apparently..

(In response to this post by hoolstoptheheels)

Link: link


Posted: 08/02/2023 at 1:54PM



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Current Thread:
 
  
Fitch Downgrades the United States' Long-Term Ratings -- Hoos Operator 08/02/2023 09:24AM
  Get help Boca. ** -- Hoos Operator 08/02/2023 11:50AM
  Building Back Better. ** -- Los Angeles Hoo 08/02/2023 10:52AM
  Here is a part you left out of your copy and paste -- 111Balz 08/02/2023 09:34AM

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