[Chris Johnson Penny Hawk Header]( Wednesday, August 02, 2023 Hello â I have this funny vision in my head this morning⦠Janet Yellen rolls over in the middle of the night after hearing her phone give a gentle âdingâ. She pulls the phone off her bedside table, and it immediately opens to her alerts after recognizing her face. By the way, in my vision sheâs using an Apple iPhone âXâ. Sheâs been holding out on the upgrade. Her eyes immediately go to the green âCredit Karmaâ alert badge, which she swipes. Wiping the sleep from her eyes, she looks at the time⦠thinks about calling Timothy Geithner⦠but just tosses the phone in the laundry hamper near the bed and rolls over to resume her sleep. She murmurs âat least itâs still stableâ as she drifts back into her slumber. She slept fine by the way. Why? Secretary Geithner knows. Weâve seen this before. It was August 5, 2011. Credit Karma wasnât around so I imagine that Secretary Geithnerâs bedside âPrincessâ style phone pierced the night with its ring. He answered to hear that S&P was dropping their rating on the U.S. Debt from AAA to AA+ with a negative outlook. It was just a scant three days after Moodyâs put the U.S. on a negative outlook. The reason? The Governmentâs inability to manage their finances. The shifts also came after Congress struggled to raise the debt limit AGAIN. The funny thing is, if you ask most people, they assume that S&P brought our credit rating back to AAA. They havenât. Todayâs rating sits at AA+ with a stable outlook. That may be likely to change. You see, the credit rating agencies have been nudging the U.S. Government for the last few months. This shouldnât have been a surprise. [But the market needed this, and hereâs whyâ¦]( Chris Johnson By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Penny Hawk. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team:
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