Not only is the Biden gambit a raw deal, but supposedly our esteemed Treasury Secretary Janet (I'm not shoutin', I'm) Yellen is determined to follow in the footsteps of some other recent Treasury Secretary disasters and deciding that this debt should be financed with short-term notes (<10 years). This action, combined with the downgrade, will make future debt financing even more expensive!
Everyone keeps saying this is not a partisan battle. Let's just do what we have to do, vanquish the Marxists, more tragic destruction and downfall of many of our own, sacrificed on the altar of greed, when, if our "government servants" were made to honor that role, the whole mess could have been avoided. The people are as much at fault as anyone else, it is sad that this is the way we usually learn. Well, as the Bible says "we, like sheep, have gone astray". God Bless America. Thank you to all who love Her.
Our government is spending us into oblivion. Our interest rates are sky rocketing. We are heading for higher inflation, higher gas prices etc. The American people will be in peril. Bond holders will be in serious trouble. What do we do?
IMH and ignorant opinion, this administration must stop threatening big oil and gas with emission violations in the oil fields (illegal of course, and ignoring the June 2022 USSCt decision that once again told EPA that emissions levels had to be determined by congress not the agency) if they adequately supply the domestic energy markets. The administration encouraged exporting all the gas and oil they want without much interference so; the USA is exporting energy at record levels. The companies aren't going to risk the illegal emissions violation citations as they would have to exhaust the administrative process before going to the courts and it usually takes years to resolve.
If gas and oil prices were permitted to go down in response to generous supplies, that would reduce some of the bite of deliberately inflicted inflation on the people least able to bear it, reduce costs3 to businesses and pick up the pace of the economy. However, "They" are bent on Overthrow of the Republic of United States by the CCP, thinking in the interim of that date They will be able to continue Their cash flows from laundering everything through the Ukro-nazilands of the world and extracting as much wealth as possible from the middle class via taxes, fees and the crippling Big Sickness/Big Medicine industries.
My belief is that the top floor of the Pentagon has been repolishing the logistics of the handover of America with infrastructure, military bases and hardware to the CCP with as few armed and organized Americans as possible. They sure are not taking care of our military readiness and prowess!
Fitch is a paid auditor. Those Fitch rates pay Fitch for the ratings. Duh. This is a set up. There are no coincidences. Planned events with an agenda. The markets are following a script.
In the true spirit of Capitalism, when the masses make more money, the entrepreneurs make more money. This is the win/win advantage of Capitalism. The unwillingness of business to assume a fair amount of risk starts a downward spiral culminating in what we have today. Another important consideration is adherence to our Constitution. The Marxist gave up on it and believe it it to be irrelevant and not able to accomplish what it stands for. Business is very very difficult and has many challenges. The chances of failure are high in a start up business and always present. This is inherent in Capitalism and must not be "hedged" out, since it also serves the Constitution as a check and balance against oligarchy. Labor can make or break a business, but cannot be manipulated unfairly, since labor is a major component OF the business. Self interest plays a part in entrepreneurship, but the illusion of elitism and "being better" or "having more" than others should never play a part, since the foundational principle of our Constitution is the equality of all. Slavery should have taught us this. Grandeur and great things, mansions, estates, are evidence of God's bountiful gifts. Our legitimately earned wealth is ours to do with as we see fit. Most importantly, the success of Capitalism rests on faith in it and practice of it, not use of it. Fortunes can and should be made based on effort and promoting the prosperity of all, not at the expense of others,. This hypocrisy is the jet fuel of the Marxists and the foolishness of those who practice usury.
My take is that Marxists do not give a tinker's dam about the Constitution. They are about Overthrow, wiping out history and all the good, decent and beautiful things along with the bad.
I agree but it is important to know they are opportunistic. They take advantage of the misery and errors of others to advance their cause. We’re in the fight now but the prevention and even the remedy in the spiritual sense is to take into consideration the biblical exhortation “do not let evil overcome you, overcome evil with good”
How to Compost With DEMONICRAT USURPER RINOCRAT COMMUNIST ATHEIST MURDEROUS WHOSHITS WEF-ers NWOd odors EVILS ETC.,,,,,,,,, EVERYONE HAS A RIGHT TO DO IT YER OWN WAY
Is the Fitch credit rating downgrade really all that meaningful?
1-Year and 2-Year Treasury yields have not shifted at all this week. While the longer-term yields have been trending up this week, that trend began BEFORE the Fitch downgrade.
The Fitch downgrade is nothing to brag about, but I don't see where financial markets are paying any serious attention to it. If the downgrade were being taken seriously we would see a much more significant yield spike and we would see across the yield curve, not just on the longer-term end. So far the market's reaction to the downgrade has been a colossal "meh".
Bidenomics is an economic disaster, and what few reliable conclusions may be drawn from today's jobs report prove it (along with the JOLTS report earlier in the week), but the Fitch downgrade right now looks to be as close to a nothingburger as can be had.
The problem is that Wall Street isn't paying attention to the Fitch ratings.
They have largely ignored the downgrade--for better or worse.
No one on Wall Street or in Washington thinks sovereign debt ever has to be repaid. As long as that attitude prevails, not only will credit ratings agencies be largely ignored but no one is going to constrain the federal budget until it's too late.
That disconnect from reality is the actual debt crisis, and it's unfolding now, not down the road.
Dear Dr. Navarro:
Thank you for the erudite assessment! Your views on what one should do in response to this madness would be most welcome.
so far cash is king
Not only is the Biden gambit a raw deal, but supposedly our esteemed Treasury Secretary Janet (I'm not shoutin', I'm) Yellen is determined to follow in the footsteps of some other recent Treasury Secretary disasters and deciding that this debt should be financed with short-term notes (<10 years). This action, combined with the downgrade, will make future debt financing even more expensive!
yes indeed.
Everyone keeps saying this is not a partisan battle. Let's just do what we have to do, vanquish the Marxists, more tragic destruction and downfall of many of our own, sacrificed on the altar of greed, when, if our "government servants" were made to honor that role, the whole mess could have been avoided. The people are as much at fault as anyone else, it is sad that this is the way we usually learn. Well, as the Bible says "we, like sheep, have gone astray". God Bless America. Thank you to all who love Her.
looks pretty partisan to me...
Who will be left holding the "bag"? 🤔 🤣. We all know the answer. A hint, not those responsible for the mess.
correct sir!
Our government is spending us into oblivion. Our interest rates are sky rocketing. We are heading for higher inflation, higher gas prices etc. The American people will be in peril. Bond holders will be in serious trouble. What do we do?
throw the rascals out.
IMH and ignorant opinion, this administration must stop threatening big oil and gas with emission violations in the oil fields (illegal of course, and ignoring the June 2022 USSCt decision that once again told EPA that emissions levels had to be determined by congress not the agency) if they adequately supply the domestic energy markets. The administration encouraged exporting all the gas and oil they want without much interference so; the USA is exporting energy at record levels. The companies aren't going to risk the illegal emissions violation citations as they would have to exhaust the administrative process before going to the courts and it usually takes years to resolve.
If gas and oil prices were permitted to go down in response to generous supplies, that would reduce some of the bite of deliberately inflicted inflation on the people least able to bear it, reduce costs3 to businesses and pick up the pace of the economy. However, "They" are bent on Overthrow of the Republic of United States by the CCP, thinking in the interim of that date They will be able to continue Their cash flows from laundering everything through the Ukro-nazilands of the world and extracting as much wealth as possible from the middle class via taxes, fees and the crippling Big Sickness/Big Medicine industries.
My belief is that the top floor of the Pentagon has been repolishing the logistics of the handover of America with infrastructure, military bases and hardware to the CCP with as few armed and organized Americans as possible. They sure are not taking care of our military readiness and prowess!
return to strategic energy dominance key
They surely never saw red dawn, either. Do these idiots think we will go quietly?
So far we sure are!
Fitch is a paid auditor. Those Fitch rates pay Fitch for the ratings. Duh. This is a set up. There are no coincidences. Planned events with an agenda. The markets are following a script.
thanks for your service sir!
In the true spirit of Capitalism, when the masses make more money, the entrepreneurs make more money. This is the win/win advantage of Capitalism. The unwillingness of business to assume a fair amount of risk starts a downward spiral culminating in what we have today. Another important consideration is adherence to our Constitution. The Marxist gave up on it and believe it it to be irrelevant and not able to accomplish what it stands for. Business is very very difficult and has many challenges. The chances of failure are high in a start up business and always present. This is inherent in Capitalism and must not be "hedged" out, since it also serves the Constitution as a check and balance against oligarchy. Labor can make or break a business, but cannot be manipulated unfairly, since labor is a major component OF the business. Self interest plays a part in entrepreneurship, but the illusion of elitism and "being better" or "having more" than others should never play a part, since the foundational principle of our Constitution is the equality of all. Slavery should have taught us this. Grandeur and great things, mansions, estates, are evidence of God's bountiful gifts. Our legitimately earned wealth is ours to do with as we see fit. Most importantly, the success of Capitalism rests on faith in it and practice of it, not use of it. Fortunes can and should be made based on effort and promoting the prosperity of all, not at the expense of others,. This hypocrisy is the jet fuel of the Marxists and the foolishness of those who practice usury.
My take is that Marxists do not give a tinker's dam about the Constitution. They are about Overthrow, wiping out history and all the good, decent and beautiful things along with the bad.
I agree but it is important to know they are opportunistic. They take advantage of the misery and errors of others to advance their cause. We’re in the fight now but the prevention and even the remedy in the spiritual sense is to take into consideration the biblical exhortation “do not let evil overcome you, overcome evil with good”
How to Compost With DEMONICRAT USURPER RINOCRAT COMMUNIST ATHEIST MURDEROUS WHOSHITS WEF-ers NWOd odors EVILS ETC.,,,,,,,,, EVERYONE HAS A RIGHT TO DO IT YER OWN WAY
🧐
Is the Fitch credit rating downgrade really all that meaningful?
1-Year and 2-Year Treasury yields have not shifted at all this week. While the longer-term yields have been trending up this week, that trend began BEFORE the Fitch downgrade.
https://fred.stlouisfed.org/graph/?g=17AEj
The Fitch downgrade is nothing to brag about, but I don't see where financial markets are paying any serious attention to it. If the downgrade were being taken seriously we would see a much more significant yield spike and we would see across the yield curve, not just on the longer-term end. So far the market's reaction to the downgrade has been a colossal "meh".
Bidenomics is an economic disaster, and what few reliable conclusions may be drawn from today's jobs report prove it (along with the JOLTS report earlier in the week), but the Fitch downgrade right now looks to be as close to a nothingburger as can be had.
its an acknowledgement of the coming debt crisis. long term debt most at risk
The problem is that Wall Street isn't paying attention to the Fitch ratings.
They have largely ignored the downgrade--for better or worse.
No one on Wall Street or in Washington thinks sovereign debt ever has to be repaid. As long as that attitude prevails, not only will credit ratings agencies be largely ignored but no one is going to constrain the federal budget until it's too late.
That disconnect from reality is the actual debt crisis, and it's unfolding now, not down the road.
🥺
Thank you!