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Moody's Cuts US Rating / Bond Market Collapsing

Discussion in 'Too Hot for Swamp Gas' started by citygator, May 18, 2025 at 6:45 PM.

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  1. May 22, 2025 at 8:39 AM #121
    citygator

    citygator GC Hall of Fame

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    So you are back to "Richest country in the world says the only way to lower its deficit is taking money from the poor and middle class".

    I mean we tax those with money. We take money from those with money. Seems weird to take money from those who own zero percent of the US's wealth.
     
  2. May 22, 2025 at 9:16 AM #122
    enviroGator

    enviroGator GC Hall of Fame

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    The US is just screwed. I fear we are at or near the tipping point where servicing our debt is going to be unsustainable.

    At 5% interest, we are talking about nearly $2 trillion in interest alone. That is close to what medicare and SS combined cost.

    And yet, the creeps in the WH are pushing through another tax cut. Ridiculous.
     
    • Informative Informative x 1
  3. May 22, 2025 at 9:21 AM #123
    wgbgator

    wgbgator Premium Member

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    I want to know on what planet making $500k in income isnt considered a high earner. Or what kind of person with that kind of income isnt making serious money on other less heavily taxed stuff like investments.
     
  4. May 22, 2025 at 9:30 AM #124
    citygator

    citygator GC Hall of Fame

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    Still, you have to acknowledge how unfair it is that poor people with low incomes, no wealth, and no margin are not paying a lot in taxes. American is more fair getting more money from people with nothing and giving breaks to those who are earning all the money. Its the American way.
     
    • Disagree Bacon! Disagree Bacon! x 1
  5. May 22, 2025 at 9:32 AM #125
    wgbgator

    wgbgator Premium Member

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    Yeah, paying 6 cents on the dollar on sales tax is so sweet compared to only taking home 70% of half a million dollars, you have to wonder how this scam was perpetrated.
     
  6. May 22, 2025 at 9:37 AM #126
    vaxcardinal

    vaxcardinal GC Hall of Fame

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    Didn’t Trump just visit one of those countries?
     
  7. May 22, 2025 at 9:55 AM #127
    exiledgator

    exiledgator Gruntled

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    I am so ready for the winning to start.

    Anyone have an update on when we can expect that? Or what it will even look like?
     
    • Funny Funny x 1
  8. May 22, 2025 at 10:25 AM #128
    ufhomerj31

    ufhomerj31 GC Legend

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    No winning for poors.

    Big gov Don is good at two things, ruining people or companies for his own benefit. We are going to add a third thing, the US country/economy. Looks like things are starting to spill outta the cup.
     
  9. May 22, 2025 at 10:29 AM #129
    sierragator

    sierragator GC Hall of Fame

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    Biden's fault. Did you not get the memo?:rolleyes:
     
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  10. May 22, 2025 at 10:59 AM #130
    citygator

    citygator GC Hall of Fame

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    No winning today.

    Dow sinks 800 points as bond market starts to freak out over Trump’s tax bill | CNN Business

    Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets.

    The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their worst day in one month.

    Stocks moved sharply lower and bonds sold off after a 1 p.m. ET auction for 20-year Treasury notes that saw weak demand and was “disappointing,” according to Chip Hughey, managing director for fixed income at Truist Advisory Services.

    While the 20-year Treasury note usually garners less attention than the 10-year or 30-year notes, all eyes have been on investors’ perception of Treasuries since Moody’s on Friday downgraded US government debt.
     
  11. May 22, 2025 at 11:24 AM #131
    wgbgator

    wgbgator Premium Member

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    Austerity is already a bad idea for the economy, but austerity plus debt expansion coupled with credit downgrade ...
     
  12. May 22, 2025 at 12:18 PM #132
    exiledgator

    exiledgator Gruntled

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    It'll all be worth it when we have jobs!

    [checks notes] - oh, we were already at full employment?

    It'll all be worth it when we lower our debt!

    [checks notes] - oh, we're just cutting taxes and increasing spending?

    It'll all be worth it worth it when the world respects us again!

    [checks notes] oh - the entire world is selling out of US equities, bonds, and are forming alliances with other states?

    It'lll all be worth it when fentanyl usage drops!

    [checks notes] - oh - it was already plummeting?

    It'll all be worth it to watch the libs melt down.

    [checks notes] Yep - they're freaking out! What snowflakes.
     
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