Quote from: Fortify on Today at 08:45:36 PM

Quote from: NeuroticFish on May 18, 2025, 08:59:11 AM

Quote from: NotFuzzyWarm on May 17, 2025, 12:06:41 AM

Can't wait to see how Trumpolini tries to spin this one... Cheesy

1. I expect this kind of news keep coming. It's just the normal result of his chaotic actions.
2. I also expect that no action is done about them because:
* he "knows better"
* whatever nonsense he delivers is accepted by his supporters
* even if he would provide proper knowledgeable answer (heh), it may not be accepted by many of his opponents

I do agree that US (and the world, pretty much) is going in the wrong direction. But let's also agree that nowadays everything is more biased in politics than ever. It's like the vast majority (of the world population) has lost the ability to think. Or it may only me realizing this rather late and somewhat suddenly.

While I definitely agree that this was instigated by Trump, it makes a change for credit rating agencies to be proactive for once - they often react far too late, but Moody's were actually behind the curve on this downgrade and are just following the other two now. It appears that Elon is on his way out of DOGE without any of the major cost cutting that was claimed at the beginning and Trump managed to annoy pretty much every single trading partner America has all in one go, even countries where the USA was gaining a trade surplus - that's impressively dumb and shows that he has little tact when it comes to the delicate world of politics. But, as is often repeated now, this is a man that managed to bankrupt a casino (or was it two?) which are pretty much money printing machines. Only another 3 and a half years of this madness left to go..

US to default it is getting closer to the time.