What the US Debt Downgrade Means for Stock and Bond Markets
It’s been in the news recently that one of the three major independent organizations that evaluate creditworthiness in the US downgraded the rating from the highest possible level of AAA to the next level down, AA+. We dedicated this week’s episode of Grow Money Business to discussing what the US Debt Downgrade Means for Stock and Bond Markets.
[03:13] The Bond Market – Grant starts the conversation by explaining why the bond market is way larger than the stock market.
[11:55] US Government Debt – Grant explains why it is safe to buy US government debt.
[23:46] Last Time– Grant describes what happened the last time that the US government debt was downgraded.
[30:35] Investment Mandates – Grant shares his knowledge on the investment mandates regarding the US government debt.
[37:58] The Fault of the System – Grant shares some long-term issues within our system surrounding adding to the federal debt.
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