Ratings downgrade on US government debt is as ridiculous as it is meaningless

Created
Wed, 02/08/2023 - 17:19
Updated
Wed, 02/08/2023 - 17:19
It’s Wednesday and there are a few topics that warrant some comment. But at the top of the topics were headlines this morning shouting out that the US treasury bonds had been downgraded by one of those self-serving credit rating agencies, as if it was an event worthy of some import. The journalists obviously do…