Market has completely ignored the Fitch downgrade of US sovereign debt from AAA to AA+, which is a material signal of deteriorating fiscal health; this dismissal is analogous to ignoring the debt sustainability problem that Stan Druckenmiller warned about, suggesting dangerous complacency.

normativepending

Speaker

Eric Townsend

Evidence Quote

market has almost completely totally ignored...downgrading the credit rating...compromised U.S Sovereign credit worthiness just as the doomers predicted

Source

MacroVoices #387 Jeff Snider: On Deflation and Soft LandingMacro Voices
Created: 8/12/2026, 6:18:11 PM

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