3min chapter

Goldman Sachs Exchanges cover image

Daunting debt limit dynamics

Goldman Sachs Exchanges

CHAPTER

S&P's 2011 Downgrade of the US Credit Rating Was Not Motivated by the Debt Limit Process

beer says S&P's 2011 downgrade of the US credit rating under his watch was not motivated by the contentious debt limit process. In fact, the downgrade came after the debt limit had been raised. Beer: The underlying fiscal dynamics of the US have actually deteriorated compared to what S&P was expecting.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode