US may be about the announce it's credit rating is being downgraded from AAA !
Fuck !
That is just a label. Labels mean little unless one can look under the hood and cut the mustard. The aim of Gov't Bonds is to merely service it, not pay it off entirely. Those saying otherwise are duped in misconceptions. Servicing all manner of debt is a perpetually open-ended game.
That is just a label. Labels mean little unless one can look under the hood and cut the mustard. The aim of Gov't Bonds is to merely service it, not pay it off entirely. Those saying otherwise are duped in misconceptions. Servicing all manner of debt is a perpetually open-ended game.