Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Listen and subscribe to boot suggestion Apple podcasts, Stain, YouTube Or where you find your favorite podcasts.
The deadline for the US Credit Rating can be a tip of the discount ateysial iceberg.
“I think I don’t know if I think or the settlement will be ten years” Brookings Institution’s Ben Harris Yahoo Financial Executive Editor explained Brian Sozzi new Opening proposal Podcast (see the video above or listen below). “I don’t know if this will happen slowly or happen quickly.”
“Moody’s said that your credit rating is the red flag, it is a red flag, and that the standard has not been in the presence of the default. There may be a little inflation, currency or other risks in the US Treasury, but the investors will be returned.
“If we have a chance to take up to 99.8% of your treasury, 100% of the chances of taking money for the treasury,” Harris said. “This is no longer a riskless creature. This is a risky active in terms of risk, and this is worse all our financial outlook.”
Harris has recently served as an assistant to the Assistant Economic Policy and Chief Economist in the US Treasury Department. It is widely seen as the main architect of the Biden Administration’s economic plan.
On May 16 Moody’s lowered AAA’s long position to AA1 credit rating. Then, on May 22, the house passed the Peace Package of the Trump Administration, nicknamed, nicknamed “Big, beautiful bill” The tax reduction and the debt ceiling included a bunch of $ 4 trillion.
Productivity in 10 years of treasure (^ Tnx) Continued to climb between a debt position outside control for the United States.
Read more: What is the 10-year treasury note and how does it affect your financial situation?
Harris reaches 5% of interest rates with interest rates for 10 years or even 6% or higher, investors can get more treasures instead of other assets such as corporate investments or shares. This will drag the general economy of Harris, if the United States receives more than $ 4 trillion or more, “Guaranteed”.
“The real danger is that it can lead to a kind of financial crisis,” Harris said. “And if we can come to a debt ceiling you have started to see a standard on the treasury securities, this may happen if you are unsanct with the independence of the Fed.
