{"id":1992251,"date":"2023-08-05T23:29:05","date_gmt":"2023-08-06T03:29:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fitchs-downgrade-right-and-wrong\/"},"modified":"2023-08-05T23:30:05","modified_gmt":"2023-08-06T03:30:05","slug":"fitchs-downgrade-right-and-wrong","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fitchs-downgrade-right-and-wrong\/","title":{"rendered":"Fitch&#8217;s Downgrade: Correct and Incorrect"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffitchs-downgrade-right-and-wrong%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1992251&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Commentary<\/h2>\n<p>The last time one of the Big Three <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pointing-to-national-debt-ratings-agency-issues-negative-outlook-for-us-aaa-creditworthiness\/\" title=\"Pointing To National Debt, Ratings Agency Issues \u2018Negative Outlook\u2019 For US \u2018AAA\u2019 Creditworthiness\">credit rating agencies<\/a> (CRAs) downgraded U.S. debt from the highest\u200d AAA ranking was in 2011. But Fitch Ratings\u2019 demotion of \u2062the world\u2019s\u200c lone superpower\u2014the nation that is the home \u200cof the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fitchs-downgrade-right-and-wrong\/\" title=\"Fitch's Downgrade: Correct and Incorrect\">pre-eminent global reserve currency\u2014<\/a>from AAA to AA+ on\u2062 Tuesday, while spooking the markets, is\u2062 being met with shrugs of the shoulders and even contempt.<\/p>\n<blockquote>\n<h3>Proclaiming\u2064 that \u201cit doesn\u2019t really matter&#8221;<\/h3>\n<p>Despite the significance \u200dof \u2062such a downgrade, the response \u200bfrom the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-the-legacy-media-tried-to-vilify-reddits-wall-street-bets-during-the-gamestop-fiasco\/\" title=\"How The Legacy Media Tried To Vilify Reddit\u2019s \u2018Wall Street Bets\u2019 During The GameStop Fiasco\">financial world<\/a> has been surprisingly nonchalant. Many experts \u2062and investors seem\u200d to be brushing off the news, \u2064suggesting that it \u200dholds little consequence\u2062 in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amid-threats-of-corporate-donation-withdrawals-gop-senate-fund-hauls-in-8-3-million\/\" title=\"Amid Threats Of Corporate Donation Withdrawals, GOP Senate Fund Hauls In .3 Million\">grand scheme<\/a> \u200cof things.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>seen as a significant event. Fitch Ratings&#8217; decision to downgrade the US debt from AAA to AA+ has caused concern in the markets. This is the first time since 2011 that one of the Big Three credit rating agencies has downgraded the nation&#8217;s debt. The demotion of the world&#8217;s leading superpower is seen as a noteworthy development.<\/p>\n","protected":false},"author":368,"featured_media":1992252,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1992251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/368"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1992251"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1992252"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1992251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1992251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1992251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}