I have experience with rating agencies and I told my family and significant other to expect a series of downgrades perpetuating who-knows-what.
They get on this downgrade cycle and it can’t be stopped. What people don’t realize is that this sort of downgrade constitutes a downgrade to all financial institutions and corporations holding U.S. Treasury debt.
Everybody had better take a deep seat and hope that our leaders don’t decide to disrupt communications, energy, food supplies and travel.
Uncharted waters here.
I have experience with rating agencies and I told my family and significant other to expect a series of downgrades perpetuating who-knows-what.
They get on this downgrade cycle and it can’t be stopped. What people don’t realize is that this sort of downgrade constitutes a downgrade to all financial institutions and corporations holding U.S. Treasury debt.
Everybody had better take a deep seat and hope that our leaders don’t decide to disrupt communications, energy, food supplies and travel.
Uncharted waters here.
___________________________________
Very interesting post—I’m very concerned, especially in light of China’s threat, although I’m late to this thread.