ball. you want to last shot. let s look at the reality. i m considering the jobs we lost pre-pandemic. decreasing crime, decreasing shootings, decreasing homicides. tourism is up. we have got a double a bond writing in the city of new york. this is the place to be right now. i didn t run for mayor to worry about what woe is me, i said i wanted to be mayor, why not me. is it more challenging than you thought it would be? not at all. every day, you do the best you can, give it your all. new yorkers know one thing about me. i m a before everybody else and i go to a bit after everyone else to major this cities operating right. this is the right time for me to be the mayor. law enforcement not only that, we ve gone through a lot. i can help people going through a lot. i want to be the mayor of the city of new york. you have a lot on your plate. i have to askou about this bizarre report that was in the new york times, recently, about a photo that you carry in your wallet. and that yo
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we have a nice ride up on participation rate and now it has flat lined and we can t get more in. from double a to triple a. they know the difference between double a rated versus triple a rated countries, the continuous or many political showdown surrounding the debt limit, we knew fitch was considering this, here we are with downgrade of the u.s. credit rating. kayleigh: that is the truth in stark contract to biden public deception tour. cnn 50% say we are not buying this, the economy is getting worse. paul: i don t remember so many zeros and we had widespread tent cities, this is the kind of thing we have not seen since the
are based on policy and whatan they re doing is if you re a company or a sovereign like the united a states and you isse debt, they rated single aa triple-a. triple-a is the best you can get. america for a longu time has always been triple-a because people have faith that faie govethe government will py back the bonds that people buy from them. and most of the world trades on the american dollar and commoditie thes. if you re a sovereign wealth fund in the middle east or in norway ormiddle east in swil a lot of your liquidity is inan american dollar treasury billsdt . what happened in the last 48 hours? there s no way to sugarcoa this. it s bad news. it s basically a rating agency saying , you your faith in thehe ame american government to pay you back has been diminishedri aaa from a triple-a to a double-a, and that has nothing to do with any one event. it s just a long term grinit id on debt being issued by the company regardless of politicsyt at all and the propensity to pay it back
against a picture of uncomfortably high inflation. and, i think that that balance probably is why. or a key factor, behind why the bank of england chose to raise rates by 25 basis points and not a more aggressive 50 points, as we saw last month. , ., ., ., i. aggressive 50 points, as we saw last month. , ., ., . ,, ., , month. great to hear your thoughts. thank ou month. great to hear your thoughts. thank you for month. great to hear your thoughts. thank you forjoining month. great to hear your thoughts. thank you forjoining us. month. great to hear your thoughts. thank you forjoining us. now, - month. great to hear your thoughts. thank you forjoining us. now, we i month. great to hear your thoughts. | thank you forjoining us. now, we go to the us. revisiting the news we brought you just yesterday when the ratings agency fitch striped the world s largest economy of its top credit rating. downgrading its ranking from triple a to double a plus citing concerns over spirally natio
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