Im no expert on credit ratings, but isnt the Moody's downgrade identical to Fitches downgrade in 2023? Or does Moody have greater credibility than Fitch?
The market didnt care much in 2023, and I doubt it will care now. This will be another BTD opportunity for our Kool Aid drinking bovine friends.
Not sure what figures Moodys are using, the FRED shows Debt to GDP ratio was already 120% in 2024.
On a topical note, Nvidea's recovery from the low of $84 on the 7th April, has added ~ one Trillion USD to its Mcap in the space of one month.That is more than the GDPs of 89% of the countries of this world.
Big business is on an unfathomable scale today for us plebs. Even Thief of Nuclear Weapons, Dr Evil , has trouble grasping the size of it. Its no laughing matter....or is it?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22473
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