10 Comments

Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.

https://www.cnbc.com/2023/11/10/moodys-cuts-usa-outlook-to-negative-citing-higher-interest-rates-and-deficits.html

Expand full comment
Nov 10Liked by Peter Nayland Kust

Thank you for this update! I just saw Hakim Jeffries calling for maintaining spending at the Covid levels because that is the “status quo”. He appears to be completely ignorant of the destruction that the unaffordable interest on the escalating national debt (let alone the debt itself) is wreaking, and will increasingly wreak, on the US and world economy.

Expand full comment

Do they release any info on who is buying the bonds? For example, categories of foreign vs domestic buyers, or by country? I ask because if today is a case of China buying far fewer bonds than in the past, maybe you can infer interesting things into that....

Expand full comment
Nov 10Liked by Peter Nayland Kust

Thanks, Peter, and they're playing games...and, again, the taxpayers are going to be holding the buck when it comes time to pay up...so sad!

Expand full comment