The Fed’s “No Billionaire Left Behind” monetary policies are having their intended effect: further enriching the already super-wealthy at the expense of everyone else

Perfect for who? Oh wait I know 👇 pic.twitter.com/pwSqCLIvL5

— Daler (@Dalernaz) August 1, 2023

Good Morning Everyone! Fitch just gave the U.S. a credit rating haircut – from AAA to AA+! They point to “expected fiscal deterioration over the next three years”. They also highlight the rising government deficit, which it anticipates “will rise to 6.3% of GDP in 2023, from 3.7%… pic.twitter.com/C2SuCx8FkK

— Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023

Fitch cuts US credit rating a notch from AAA to AA

h/t Simian_Stacker