News Block: U.S. Credit Risk, Treasury Auction Disaster, World's Largest Bank Hacked, FDIC Party Culture Exposed, US Population Growth Near Zero
Coin Stories
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Introduction
This chapter analyzes the United States credit situation, discussing the potential for a credit downgrade and highlighting factors such as rising interest rates, government spending, and increased political polarization. It also examines the history of credit rating agencies misjudging risks and mentions the recent weak demand for 30-year bonds at a treasury auction.
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Transcript
