Author Topic: Lower debt standard  (Read 129 times)

0 Members and 1 Guest are viewing this topic.

Offline gypsyman

  • Trade Count: (1)
  • Senior Member
  • *****
  • Posts: 5048
Lower debt standard
« on: August 03, 2023, 04:53:11 PM »
Fitch lowered our foreign debt standard from AAA to AA++. Our currency means less to foreign country's now. Don't be surprised when they raise the price of their products coming in to our country. If you think that your dollar doesn't buy as much now with our current inflation rate, give it a couple month's. It will buy even less. And even thou most of us try and buy American products, there's a lot we buy that we don't realize price's and commodities go up, in price, or down depending on foreign markets. Thank you Scarecrow Joe!!
We keep trying peace, it usually doesn't work!!Remember(12/7/41)(9/11/01) gypsyman

Offline Dee

  • Trade Count: (2)
  • Senior Member
  • *****
  • Posts: 24321
  • Gender: Male
Re: Lower debt standard
« Reply #1 on: August 03, 2023, 05:24:13 PM »
Yep!
Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard times.
Agree Agree x 1 View List