I look forward to the NYSE hitting record highs on Monday on news of the US economy shitting the bed.
Quick permanently another 500 billon to the defense budget!
If anyone else is confused it was Standard & Poor’s that downgraded their rating during Obummer, not Moody’s
Poor Mood
the US will sanction Moody’s🤣
If the debt’s too high, that means rich people will have to pay more taxes because they’re the ones with money right?
Remember when the credit agencies were giving high ratings to all the over leveraged banks in the lead up to the Great Recession? Good times, good times.
Now it’s over leveraged private equity funds. Lookup blackstone
These systems always make me laugh.
China gets an A1 which is lower than Hong Kong and Taiwan which both get an Aa3, the implication being that these places are better equipped to pay their debts than the mainland? Fuck off are they lol.
i mean giving china a lower credit rating makes sense though since they can and will just tell foreign investors to get fucked (as they should, lol) if necessary (this is a good thing tho)
Things happening? Maybe 🤔
Did they also move the doomsday clock hand another second closer?
Boring!
Watch the market still go up
The market is already a bit jumpy from the UNH wipeout. The crash may be closer than we think.
I fucking hope so. I’ve got a decent amount SQQQ just biding my time.
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I literally keep thinking itd be stupid not to buy United healthcare stock just because like, every other fucking time something like this has happened it just keeps increasing in value anyway, the only people who lose are the people who hear the bad news and go SHIT I GOTTA SELL
This doesn’t really mean anything does it
In practical terms it means that higher percentage of the budget will be allocated to paying interest leaving a smaller operational budget for productive uses.
Oh okay
better cut everything but the military that will do uhhhh nothing
SNAP $200
PBS/NPR $150
Border Patrol $800
Military $3,600,000,000,000
Medicare $150
someone who is good at the economy please help me budget this. my credit rating is dying
you gotta run the govt budget like a household. no wait, not like that!
Spend less on military
No
Hmmm… have you tried spending more on the military?
just use your military to shoot the credit raters, why didn’t anyone else think of this??
I have no doubt Trump is having people look into some way to tariff individual companies and people. But if that fails, there is always ICE and CECOT.
We’re gonna be winning so much you’ll beg me to make it stop!
“Hell yeah, brother!”makes the winning stop
So… what happens when the credit market tightens? Extremely leveraged companies go bankrupt and can’t pay lenders. But now it’s not banks that are lending, it’s Private Equity. Blackstone. They get pensions to invest, then do leveraged buyouts using a shit ton of leverage. Meaning they don’t even possess the money they are using to buy out companies, they just say they will have the money eventually.
Remember Enron? Ask chatgpt or copilot to compare and contrast Enron with Blackstone and you will see some very concerning similarities. They keep liabilities off the books so they don’t show how exposed they are. But tarrifs and this Moody’s downgrade are going to trigger another collapse like 2008 only this time it’s not the banks that taxpayers will bail out it’s PE and the pensions that invested in them
Ask chatgpt
The machine sycophant can’t answer any question honestly
