Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (10) |
Author: Banksy 🐝 HONORARY
SHREWD
  😊 😞

Number: of 84361 
Subject: Re: Trump-O-Nomics Update...
Date: 07/24/26 8:21 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 9
No worries, rating agencies have a ‚stable outlook’.

Yes good news, America’s Credit Score Rated 'Stable' By The Same People Who Rated Lehman Brothers A+!

The major credit rating agencies kept Lehman Brothers at a strong investment-grade A rating until just days or hours before the firm filed for bankruptcy.

Fitch: officially maintained an A+ credit rating on Lehman Brothers right up until the morning it filed for bankruptcy, when it was slashed directly to D (Default).

Standard & Poor's: Lowered Lehman's long-term rating to an A in June 2008 and maintained that investment-grade A rating until days before its collapse,
only cutting it to junk status on September 15, 2008.

Moody's: Kept an A2 rating through mid-2008, only cutting it to Baa1 in early September and down to junk as bankruptcy was filed.

Of course the United States gov't borrows exclusively in its own currency.
Because the Federal Reserve can theoretically print unlimited amounts of money a technical, nominal default on debt obligations is practically impossible.
But, if the U.S. government prints too much money, it triggers a predictable chain reaction that erodes the purchasing power of the dollar (check),
spikes consumer prices (check), and threatens the U.S. dollar's status as the world’s reserve currency (check).

Well, at least the measles are back and the Epstein Pedos are safe from prosecution!
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Banksy here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (10) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community