Does it Matter? Moody’s Rating Downgrade of U.S. Sovereign Debt.
Moody’s Ratings’ downgrade of the credit of the United States on May 16 is not a major market moving event. Rather it is a sign along the path we are on, a path of rising sovereign debt loads and ineffective efforts either to control the growth or pay the cost of government. The seeds of […]
The Debt Ceiling Game is On
The X Date is live. We now have an idea of the date on which the United States will run out of money unless the debt ceiling is raised or suspended. Treasury Secretary Bessent informed Congress last week that it would be in August, thus teeing up a made up “crisis” that occurs periodically, grabs […]