Fitch downgrades US debt
- Thread starter CDDP
- Start date
Jtrain80
Legendary
Because we are too big to fail.
Jake Broe Stan
Elite
The economy is incredibly strong right now.
The reshoring of American factories and manufacturing is having wonderful impacts.
“My sense is that the Fitch downgrade of the US credit rating is an insignificant development and will not move financial markets or the economy,” said Joseph Brusuelas, chief economist at RSM US. “As long as the Federal Reserve continues to treat US issued paper as AAA rated credit so will financial market participants.”
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Jake Broe Stan
Elite
You gonna say that when the recession hits your pocket?
truck traffic is directly tied to the economy.
2nd biggest trucking outfit Yellow went belly up tuesday. 30k out of jobs.
Why didnt anyone scoop it up fire sale style? Because anyone in business knows we are already in the start of stagflation.
You are one dumb shit.
I bet you love illegal aliens too
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When a loan goes from 5% to 9% it doesnt matter to the bankers. Correct.
dimon doesnt give a shit about 320 million Americans who that jump does matter to
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Jake Broe Stan
Elite
Yellow went under because they can’t compete. And yes their volume has already been picked up.
No a recession won’t hit my pocketbook. My home and car are paid off. Since a recession looks unlikely at this point it’s a moot point.
No we are not experiencing stagflation either. Inflation is down and growth is up.
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Jake Broe Stan
Elite
Interests rates go up and down. It’s a part of capitalism. I’m glad The Federal Reserve did what it needed to do to get inflation under control. They really threaded a needle again.
And no it doesn’t matter to that many Americans. It typically only matters to the lower classes and the over leveraged. Since those are the people who will benefit the most from inflation cooling back to acceptable levels it’s essentially a wash.
Jake Broe Stan
Elite
This isn’t going to play well for Republicans since Fitch made clear that January 6th was a main reason for the downgrade and they were the ones who triggered the debt ceiling “crisis”.
You have no idea why the went under. They could not refinance bad debt BC no one would take the chance on the economy. Look it up homo
Jake Broe Stan
Elite
That’s what I just said. They couldn’t compete.
The volume of shipping they handle has already been picked up which is the important thing. Bad companies fail. That’s called capitalism.
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Jake Broe Stan
Elite
No it fucking hasnt. I have friends that are now scrambling to reroute their lines and they cant BC what were already tight lanes now have 25k less drivers. You dint know your vagina from you dick
Jake Broe Stan
Elite
Sure you do.
The person that is exposing themselves as having no idea what’s going on is you. Yellow shutting down doesn’t mean there are less drivers in the economy. It just means people have to find a new provider over the next couple weeks and there are plenty of businesses willing to fill the void.
Drivers are going to benefit massively from this because now shipping rates will go up. Drivers were running at a loss in some cases recently.
Jake Broe Stan
Elite
Do you remember this post and how you made an ass out of yourself or do you just wake up every day with a blank slate given how fucked up you were the previous day?
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