Fitch Cuts US Credit Rating & Economists are Acting Surprised

The US long term credit rating has been cut by Fitch from AAA to AA+, only the second time in history this has happened after S&P did the same in August of 2011. Economists like Larry Summers and Mohamed El-Erian are pretending to be shocked at the downgrade. But really, who are they kidding?

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#Fitch #USCredit #Downgrade