Startup Credit Crunch
Bloomberg Businessweek
Fitch's Downgrade and Potential Market Impact
This chapter discusses the recent downgrade of the US government's fiscal trajectory by Fitch and explores the potential consequences. The speakers compare this downgrade to the 2011 S&P rating downgrade and express concerns about the market's reaction. They highlight weakening global economic conditions and the complacency in US asset markets, questioning whether the current market performance is an excuse to take profits.
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