Prepare For This $1.7 Trillion Explosion

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Aug 3, 2023 at 5:45 AM EDT

Fitch downgrades US government debt as its fiscal woes are piling up.

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Fitch downgrades US government debt as its fiscal woes are piling up. Why? The same reason American use of gasoline just nosedived. This is also the reason why the government has been able to continue borrowing all it wants despite its dramatically worsening credit profile. Demand for safety and liquidity in unsafe and illiquid times matters more than how broke Uncle Sam is getting to be.

Video Length: 00:17:28

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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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