FBC Varney July 4, 2024
Company. The financial world, this is a bombshell. America downgraded, fitch drops from aaa to aa plus. We are borrowing too much, spending too much, the debt is writing sing and we cant agree on a fix. Love to biden, he thought he got an okay deal in the budget. Its not going down well with investors. America is out of the goldplated club and the dow down when somebody. The nasdaq down 140. Plenty of red ink. The downgrade however, is not affected Interest Rates yet. Ten year treasury yields just over 4 , thats beginning to move up and the twoyear was at 4. 86 and 4. 89. Down a little bit, no...