Fitch downgrades U.S. long-term rating to AA+ from AAA
https://www.cnbc.com/2023/08/01/fit...are|com.apple.UIKit.activity.CopyToPasteboard
https://www.cnbc.com/2023/08/01/fit...are|com.apple.UIKit.activity.CopyToPasteboard
It’s not likely to improve the next phase will be to monetize the debt and deficits. There is a reason 2020 should never of happened. We will likely be in an inflationary phase for at least a decade.. if chy na invades Taiwan, rather a when, we are going to have to go through some harder times than this generation is used to. Just the tip.
not a chance, we are already in a doom loop. costs of living are not sustainable for the average earner, just think about buying your house you live in now with your income, wages will rise, governments will spend to help and prices will continue to escalate. the budget restraints we saw during the obama years is gone, trump ushered in an entirely new era... you will see... buy precious metals and hunker down...I think we will be stagnating but more like post 2008 crash years with inflation not too bad. I think the big inflation jump will have run its course post 2023 and with how the fed does things now the debt in the next few years won't fuel crazy inflation as it doesn't put a bunch of money in circulation like it would in the past.
It must be nice to be so unbelievably unaware of reality. God bless you my son.LETS GO BRANDON!!!! Just ANOTHER I TOLD YOU SO, because we all told you little snowflakes this was coming.