Wednesday, August 2, 2023

Fitch downgrades U.S. government debt from AAA rating to AA+


Bloomberg analysts talk about the downgrading of U.S. debt from AAA to AA+ last night (8/1/2023).  Yeah, that's not good.  As I write this post, The Dow is down 271 points, the Nasdaq is down 284 points, and the S&P 500 is down 56 points (8:00 am Pacific  time, 8/2/2023).  

Why is the world so crazy now?  Here are my personal thoughts.

I'm doing a lot of my writing on Substack these days, check it out:

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