In a morning when the TBAC released what may be its most important presentation in the past decade (which is a must read for everyone), predicting a deluge of debt issuance…
… the US debt downgrade by Fitch which historically slashed the US AAA rating to AA+, becoming only the second rating agency in history to do so, has been mostly forgotten, despite sparking a sharp kneejerk selloff in equities in the immediate aftermath of the news.
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https://www.zerohedge.com/markets/clashes-break-out-wall-street-over-consequences-fitch-us-downgrade
