Chinese agency downgrades US credit rating

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Chinese agency downgrades US credit rating (via AFP)

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington’s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained “unchanged”. Dagong lowered its ratings for US local…

Baupost’s Seth Klarman: the Fed has broken the stock market [Q4 Letter]

VolatilityBaupost founder Seth Klarman told investors that the large amounts of stimulus that have been poured into the world's economies are masking the severity of the problems caused by COVID-19. Q4 2020 hedge fund letters, conferences and more In a letter seen by the


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