vijayk wrote:^^ Realized loss is $1.8B but unrealized loss was $20B. Hence Moody's called CEO to tell them they are downgrading them.
The amerikis are financially incompetent/lazy because they have mostly been able to print their way out of a crisis, and almost every financial crisis is seen as an itinerant and passing breeze whose only consequence is the swaying of leaves
this time, the very real fears of contagion (both deposit flight, and funding driven contagion) and the repercussions on the local and global markets (especially with ukr and its fallout, geo economic, as well as, geo political, dominating the center stage) have set the fed's and biden's langotes on fire
the fed and the rating agencies have always had a laissez-faire approach with a lot of unwarranted myth making of the "great and powerful" famed fed heads who simply oozed fabled financial acumen from every pore of their being.
The amerikis forget how the cheenis went down with their shiny and famous evergrande ship, despite the very effective cheeni management technique of the midnight knock followed by a bullet to the back of the head.
Every business school worldwide will vouch for the bracing characteristic of this technique and its innate ability to focus the minds of the rest of the team, motivating them and also setting new and higher standards in teamwork.
Yes, I know. Different times, different circumstances and even different country. But, the end result of the spreading contagion would have been exactly the same like mayhem in the markets, multiple suicides, and loss of national reputation
Their credit rating agencies, for many years now, have been used to run a smear campaign against the deep state designated target packages (countries and institutions) by selective and tactical downgrading or like in India's case, wilfully maintaining a lower than warranted and also a fictionally quantified assessment to cause doubts about viability and stability in the minds of the international investors
under biden and his puppet masters, the currently dominating commie core of the US state has become assertive, and is causing both geo economic, as well as, geo political ferment that is not only rippling in its effect but also causing unexpected upheavals.