usta in Portland
Daily Driver
AAA - AA+ = -$1.03T
S&P downgrade cost the equity markets this much and the result was a flight of capital to the now downgraded US securities meaning that the goverment financed it's deficit for the quarter at the lowest rates ever! 2 year notes were at .22% interest rates. Take inflation into account and those investors are paying to have the government hold their principle.
WOW!
S&P downgrade cost the equity markets this much and the result was a flight of capital to the now downgraded US securities meaning that the goverment financed it's deficit for the quarter at the lowest rates ever! 2 year notes were at .22% interest rates. Take inflation into account and those investors are paying to have the government hold their principle.
WOW!