In Reply to: I met some friends today posted by andyH on April 05, 2025 at 19:55:24
A guy on another board I read has been saying this is all a plan to lower the interest rates so Trump can refinance the debt and stave off a US bankruptcy. It's brilliant he already has rates coming down, oil is coming down he's a genius
The problem is Trump never says that's the plan, Bessent never says that's the plan, Navarro never says that's the plan. Even Elon who keeps talking about refinancing the debt is pissed about the market so he clearly doesn't think the plan is crater the market to make refinancing the debt cheaper/
The problem being missed is Moodys already said they were probably going to downgrade us from AAA to AA this year, after Trump won the election the odds of that went UP because of tariffs. They are the last credit agency that has us at AAA, if they do that, the markets will tank again but just as bad the cost of the debt will go up because lower credit rating means we pay a higher interest rate.
So Trump is doing the exact OPPOSITE of what people are saying he's trying to do
But these are the same people claiming they sold tons of Trump gold cards in one day and then had to admit the system to buy them online isn't even done. Notice, it's still not done.