Jolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 8 days agoUS completely loses perfect credit rating for first time in over a centurywww.newsweek.comexternal-linkmessage-square12linkfedilinkarrow-up1119arrow-down10cross-posted to: usa@midwest.socialeconomics@lemmy.worldusa@lemmy.mleconomics@lemmy.mlnews@lemmy.world
arrow-up1119arrow-down1external-linkUS completely loses perfect credit rating for first time in over a centurywww.newsweek.comJolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 8 days agomessage-square12linkfedilinkcross-posted to: usa@midwest.socialeconomics@lemmy.worldusa@lemmy.mleconomics@lemmy.mlnews@lemmy.world
minus-squarelurch (he/him)@sh.itjust.workslinkfedilinkarrow-up9·7 days agoIt’s for the government. It means it’s harder for them to quickly finance things.
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up10·7 days agoAnd I guess that record sized national debt is also going to cost more.
minus-squareMonument@lemmy.sdf.orglinkfedilinkEnglisharrow-up5·7 days agoLoss of the dollar as the world reserve currency, and hyperinflation go BRRRRR.
It’s for the government. It means it’s harder for them to quickly finance things.
And I guess that record sized national debt is also going to cost more.
Loss of the dollar as the world reserve currency, and hyperinflation go BRRRRR.