https://www.cnbc.com/2023/08/01/fitch-downgrades-us-long-term-ratings-to-aa-from-aaa.html
Not a good sign as Fitch expects “financial deterioration over the next three years.” Concerning because this raises cost of capital for companies. Not saying this is Armageddon, but I’m concerned this is the opening move on a game that leads the US down a path of lower for longer returns. Thoughts?
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