Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump's program.

Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump’s program.

    • I_Has_A_Hat@lemmy.world
      3·
      7 days ago

      Sure it was. All it took was a massive war that destroyed the manufacturing capabilities of most other modern countries and a significantly higher tax rate on the rich.