Moody’s is bearish on America

While neither the stock market nor bond credit rating business are the economy, changes in the stock market and bond credit ratings are often harbingers.

“Moody’s announced Friday evening it was lowering the US score to Aa1 from Aaa. A gauge of the greenback fell 0.6%, US stock futures slid and Treasuries’ yield curve steepened on Monday. A weaker dollar tends to benefit gold, making it cheaper for buyers in other currencies.

“While we recognize the US’ significant economic and financial strengths, we believe these no longer fully counterbalance the decline in fiscal metrics,” Moody’s said in a statement.”

 

Making America Great Again?

 

https://finance.yahoo.com/news/gold-gets-bounce-moody-us-235551394.html

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