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What does this mean for the laymen around here? I'm the laymen if I'm not being clear.
by 9283409232 1y ago
What does this mean for the laymen around here? I'm the laymen if I'm not being clear.
- mmooss 1y agoA direct, easily defined consequence is that you pay more taxes because the US must pay higher interest rates on vast amounts of money it borrows. It also creates instability generally - in the economy, business, socially, politically - because unreliable US government finances can destroy all those things.
- aryehof 1y agoIt means US instruments of debt are to be considered a little less trustworthy. This affects their price, value and attractiveness versus alternatives.