America’s Credit Rating Went Down. So What?
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Why Fitch Downgraded US Treasuries?
Fitch downgraded the U.S. credit rating from AAA to AA-minus, citing concerns about a possible government default. John Avlon: This downgrade is kind of a sign of the increasing instability in sort of the global system right now. He says it's because everything has become more volatile and nothing is mean-reverting anymore.
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