At the very least this is partially politically motivated, because as you stated, it could very well have been done, and probably should have been done, two years ago.
Let's also keep in mind that we have proof now what many of us have known for years, that the Biden administration fudged so many government releases and economic numbers, especially employment numbers.
As for Zandi, I think this blurb from his Wiki page, that includes a quote from him, speaks volumes and I am unaware of any attempts by him to amend his comment, which is absurdly foolish:
"Zandi infamously discounted the 2007–2009 housing market collapse stating to The New York Times in March 2006 that "Even in the most vulnerable markets, most people just have to look through it and ignore it because it's of very little relevance to them."[5
Yeah, I'm sure by 2008/ 2009 that most people were willing to just ignore the housing debacle.🤨🙄😄
My goodness, this guy makes Paul Krugman and Robert Reich seem credible.
As of about 9pm EDT, S&P futures are only down about .75% and the 10 year Treasury is unchanged. Mr. Market doesn't seem excited. We'll see in the morning. I guess I shouldn't be surprised that Moody's is another arm of the DNC.
Deregulation and transparency would create explosive growth and amplified efficiencies. I feel like my head is going to explode as they consider raising the SALT caps. It should be $0.00 instead of $10k, not go in the other direction. Infuriating.
No coincidence this comes on the heels of one of the most remarkable weeks and first four months of any Presidency in the history of our nation. I'm not saying it's true, but it would not surprise me in the least if some Democrat politicians and their supporters put pressure on Moody's and Zandi. Considering their role in the '08 real estate collapse and recession and their malfeasance and negligence in misgrading tranches of mortgages, it's laughable to take him serious.
Sarbox made it significantly more expensive to be a public company. Dodd-Frank made it much much worse, giving the Federal govt powers to look into lots of things.
"Inflation reduction act" 😆😅🤣
At the very least this is partially politically motivated, because as you stated, it could very well have been done, and probably should have been done, two years ago.
Let's also keep in mind that we have proof now what many of us have known for years, that the Biden administration fudged so many government releases and economic numbers, especially employment numbers.
As for Zandi, I think this blurb from his Wiki page, that includes a quote from him, speaks volumes and I am unaware of any attempts by him to amend his comment, which is absurdly foolish:
"Zandi infamously discounted the 2007–2009 housing market collapse stating to The New York Times in March 2006 that "Even in the most vulnerable markets, most people just have to look through it and ignore it because it's of very little relevance to them."[5
Yeah, I'm sure by 2008/ 2009 that most people were willing to just ignore the housing debacle.🤨🙄😄
My goodness, this guy makes Paul Krugman and Robert Reich seem credible.
As of about 9pm EDT, S&P futures are only down about .75% and the 10 year Treasury is unchanged. Mr. Market doesn't seem excited. We'll see in the morning. I guess I shouldn't be surprised that Moody's is another arm of the DNC.
Deregulation and transparency would create explosive growth and amplified efficiencies. I feel like my head is going to explode as they consider raising the SALT caps. It should be $0.00 instead of $10k, not go in the other direction. Infuriating.
Exactly
Fitch issued their downgrade in 2023. Maybe my memory isn't that great but I don't recall ever hearing about it.
Regulation will kill the USA if it's not stopped and reversed or at least reined in to a greater extent!
No coincidence this comes on the heels of one of the most remarkable weeks and first four months of any Presidency in the history of our nation. I'm not saying it's true, but it would not surprise me in the least if some Democrat politicians and their supporters put pressure on Moody's and Zandi. Considering their role in the '08 real estate collapse and recession and their malfeasance and negligence in misgrading tranches of mortgages, it's laughable to take him serious.
Your in good company John k from calamos fund says tge same but the dip
How does Sarbox and Dodd-Frank screw up the incentives? I just don’t know anything about this can you explain?
Sarbox made it significantly more expensive to be a public company. Dodd-Frank made it much much worse, giving the Federal govt powers to look into lots of things.