China Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would "Detonate Next Crisis" [zero hedge]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: zero hedge
China Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would "Detonate Next Crisis"CHINA DOWNGRADES ... ha!Karma is Bitch , it about time someone Tell the Murikans debt slaves that the Dollah is worthless"deficiencies in US political ecology""deficiencies in US mentality""deficiencies in US health""deficiencies in US morality and integrity "What a joke! The US banksters have the fastest printers in the world. They can cover over all debts with just a few keystrokes. BBB+ my ass!Yes, when the issuer can print to avoid default, what does a rating mean? It's hard to imagine a default in that situation, because it would affect banks, pension funds, and so on. The rating should therefore take dilution into account, no different that a rating for a stock whose firm is likely to issue more paper. In that case, BBB+ is probably generous, but compared to what? Holders of bonds denominated the currency that is likely to be diluted face much the same risk, which means that corpor
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