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An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
Economists consider Moody's downgrade justified, given the U.S.'s reluctance to address its rising debt and deficit.
Habitual deficit financing — the very disease Alexander Hamilton warned against — has become business as usual.
12hon MSN
A sell-off in global bonds is accelerating as Moody's downgrade of U.S. credit rating and President Donald Trump's tax bill ...
Wall Street slumped on Wednesday under the weight of pressure from the bond market, where Treasury yields climbed on worries ...
The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday.
15hon MSN
Just as the tariff-related turmoil subsided — and only temporarily — fears of ballooning U.S. debt are sparking another broad ...
20hon MSN
Just as the tariff-related turmoil subsided — and only temporarily — fears of ballooning U.S. debt are sparking another broad ...
4hon MSN
I am not saying it is going to happen, but we have to be prepared for something like that,” Dimon said while attending a JPMorgan summit in China.
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