Moody's lowers outlook on US debt to 'negative'

Re:Moody's lowers outlook on US debt to 'negative' by prepend on Sunday November 12, 2023 @05:30PM (#38244770)

It’s more like there’s not an alternative.

Only an insane country would use China as their reserve country. And Euros have their own problems.

So it’s kind of like countries can use dollars or nothing.

I remember taking economics classes in the 90s and the professor said the same think you did. About how not sure how much longer the US will be able to have such a privileged position. But still 25 years later we’re in the same boat.

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Re:Moody's lowers outlook on US debt to 'negative' by seanmcdirmid on Sunday November 12, 2023 @05:34PM (#38244803)

Pretty sure China won’t let anyone use its currency for reserve building, given that it isn’t fully convertible.

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