On Tuesday, Fitch Ratings made headlines by downgrading the U.S. government's top AAA rating to AA+, becoming the second major credit firm to do so. This move was met with swift condemnation from both the White House and the Treasury Department. Interestingly, history suggests that this downgrade might actually result in a rally within the Treasury securities market, which is … [Read more...] about August 2023: A Comparison to August 2011?
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