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US Govt credit rating DOWNGRADED

From jack roth@21:1/5 to All on Tue Aug 1 15:40:59 2023

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From risky biz@21:1/5 to jack roth on Tue Aug 1 23:08:23 2023

On Tuesday, August 1, 2023 at 3:41:03 PM UTC-7, jack roth wrote:

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

Fitch. LOL.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From jack roth@21:1/5 to risky biz on Wed Aug 2 01:52:22 2023

On Tuesday, August 1, 2023 at 11:08:28 PM UTC-7, risky biz wrote:

On Tuesday, August 1, 2023 at 3:41:03 PM UTC-7, jack roth wrote:

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

Fitch. LOL.

How fucking stupid is your laugh? Fitch has them at AA+ just like Standard and Poor's. And, we all know that Moody's is just a ratings shop. Plus, look at the markets response....stock indices are all tanking because of it making you personally look
like a total jackass.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From risky biz@21:1/5 to jack roth on Wed Aug 2 11:00:48 2023

On Wednesday, August 2, 2023 at 1:52:27 AM UTC-7, jack roth wrote:

On Tuesday, August 1, 2023 at 11:08:28 PM UTC-7, risky biz wrote:

On Tuesday, August 1, 2023 at 3:41:03 PM UTC-7, jack roth wrote:

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

Fitch. LOL.

~ How fucking stupid is your laugh? Fitch has them at AA+ just like Standard and Poor's. And, we all know that Moody's is just a ratings shop. Plus, look at the markets response....stock indices are all tanking because of it making you personally look
like a total jackass.

I could explain LOL@Fitch to you, but why bother?

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From jack roth@21:1/5 to risky biz on Wed Aug 2 11:22:46 2023

On Wednesday, August 2, 2023 at 11:00:52 AM UTC-7, risky biz wrote:

On Wednesday, August 2, 2023 at 1:52:27 AM UTC-7, jack roth wrote:

On Tuesday, August 1, 2023 at 11:08:28 PM UTC-7, risky biz wrote:

On Tuesday, August 1, 2023 at 3:41:03 PM UTC-7, jack roth wrote:

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

Fitch. LOL.

~ How fucking stupid is your laugh? Fitch has them at AA+ just like Standard and Poor's. And, we all know that Moody's is just a ratings shop. Plus, look at the markets response....stock indices are all tanking because of it making you personally look

like a total jackass.

I could explain LOL@Fitch to you, but why bother?

Maybe you should explain why State, local and Fex tax receipts are down record levels? Imagine how much the borrowing costs will keep rising? Oh, and did I mention US Senator Thomas Carper just shorted the US Economy buying PSQ which is the
Ultrashort levered index of QQQ?

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From jack roth@21:1/5 to jack roth on Wed Aug 2 13:38:59 2023

On Tuesday, August 1, 2023 at 3:41:03 PM UTC-7, jack roth wrote:

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

The real reason why Janet Yellen saying the downgrade from AAA to AA+ doesn't matter is because she knows our treasuries are really junk bond C rated that will never be repaid.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From BillB@21:1/5 to jack roth on Thu Aug 3 03:07:22 2023

On Tuesday, August 1, 2023 at 3:41:03 PM UTC-7, jack roth wrote:

https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews

Assume you owe a lot of money to a creditor with whom you are in good standing. You call them up and say, "Hey, I know we owe you guys a lot of money, but we are kicking around the idea of defaulting on our debt. We're going to take a family vote, but I
have to tell you it's by no means a sure thing either way. We have a few family members who *really* want to stiff you. In fact, we've decided we'll take a vote every year to decide if we're going to pay you or not. Good luck!"

Do you think that might influence your creditworthiness in the eyes of your creditor?

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

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