Moody, America
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Ray Dalio warns that Moody's credit downgrade doesn't reflect the risks of money printing by the federal government in order to pay off debt.
Investors sold U.S. government bonds and the dollar on Monday amid concerns about the U.S. fiscal picture. Stocks edged higher.
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.
Moody's on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase , Bank of America and Wells Fargo , after pushing the U.S. out of top triple-A rating club over its burgeoning $36 trillion debt.
Moody’s decision to lower the rating on U.S. government debt seems unlikely to shake up the corporate bond market too much.