We are in the largest debt bubble of our lifetime. Something has to give. This is really about the state of governance in the country. Not so much about the economic condition. If we continue to run the country, if government continues to be as divided as it is, the rest of the world will look at the u. S. And question what kind of reserve currency is the dollar . These are things investors are going to take a hard look at now. Im not surprised by the downgrade. I personally believe we are going to see a very rough third and Fourth Quarter here in this year also looking into the new year. The United States is not in a debt crisis today. Theres no question that we can pay our bills. Longer term, however, we are going through a period of fiscal stress. Stuart morning, everyone, 1 1 00 on the east coast and this is downgrade day and the dow down 270 and nasdaq down 280. Thats a biggest proportionate decline and moderate 280 point drop is nearly 2 . Thats a lot of selling. As for big tech
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