There they go again. Jerks at S&P and Fitch downgrade Britain’s credit rating.

by Mike Norman

There they go again. Jerks at S&P and Fitch downgrade Britain’s credit rating.

Haven’t we seen this movie before?

Remember when the idiots at S&P downgraded the U.S. credit rating in 2011? I was on TV that morning and was pounding the table telling people to buy Treasuries.

Now you have the same idiot, S&P, plus a new idiot, Fitch, downgrading Britain’s credit rating because of Brexit.

Hey you morons at the credit rating agencies…a sovereign nation that spends in its own currency and where all its obligations are denominated in that currency cannot become insolvent. There can never be an inability to pay its debts.

What idiots.

Buy gilts.

About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
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