#UnitedStates downgraded to AA+ from AAA by #Fitch https://t.co/9qSC9VI8l8
— Guillermo Ruiz Zapatero (@ruiz_zapatero) August 2, 2023
It begins@NorthmanTrader
— Guillermo Ruiz Zapatero (@ruiz_zapatero) August 2, 2023
Lawrence H. Summers@LHSummers
12h
The United States faces serious long-run fiscal challenges. But the decision of a credit rating agency today, as the economy looks stronger than expected, to downgrade the United States is bizarre and inept https://t.co/5Z1xTxR2YQ
Japan must sacrifice the #yen else it's collapse https://t.co/2g9MOmDNUm pic.twitter.com/ev2fWvKrrw
— Guillermo Ruiz Zapatero (@ruiz_zapatero) August 2, 2023
"We estimate the Fed is insolvent in an amount close to $2 Tn. This loss can be expected to be recovered over time, as the Fed retains interest that would otherwise have been remitted for public benefit."
— John P. Hussman, Ph.D. (@hussmanjp) August 1, 2023
Banks are experiencing this to some extent too.
I know you don't care. pic.twitter.com/EG4Z8xbI5g
How a global margin call happens.
— Michael A. Gayed, CFA (@leadlagreport) August 1, 2023
WAKE THE FUCK UP. pic.twitter.com/2XxS3foXv4
When these dudes will find a real job https://t.co/sLZKWWsg63 pic.twitter.com/HWhbLjNGEp
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 1, 2023
“An expert is a person who has made all the mistakes that can be made in a very narrow field.”
— Physics In History (@PhysInHistory) August 1, 2023
– Niels Bohr pic.twitter.com/OEZTN34kzs
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