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Bonds go bonkers as the US government now pays more than Vietnam or Morocco to borrow
(markets.businessinsider.com)
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this post was submitted on 15 Nov 2023
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People do not make fun of the US for having their credit rating downgraded nearly enough. Imagine being the wealthiest country in history with control over the most ubiquitous reserve currency on the planet and the credit rating agencies are like “it’s not that we don’t trust you, but we have standards to maintain.”
Lol I hadn't heard about that
The US credit rating has fluctuated since 2011. At one point I think it was as low as A-. Regardless, the idea that it would ever be anything other than AAA is hilarious.
I agree!