A Sovereign Ratings Downgrade for the US? End of the world or bump in the road?
aswathdamodaran.substack.com
It is a sign of the times that a blog such as mine, dedicated to micro questions (on corporate finance and valuation), is bogged down on the macro question of sovereign default and its consequences. But there is no getting around the fact that corporations and investors will spend the next week focused on the circus in Washington DC and not on their core businesses. So, let's ask the key questions: What is it that investors fear will happen next week? And what if those fears become reality?
A Sovereign Ratings Downgrade for the US? End of the world or bump in the road?
A Sovereign Ratings Downgrade for the US? End…
A Sovereign Ratings Downgrade for the US? End of the world or bump in the road?
It is a sign of the times that a blog such as mine, dedicated to micro questions (on corporate finance and valuation), is bogged down on the macro question of sovereign default and its consequences. But there is no getting around the fact that corporations and investors will spend the next week focused on the circus in Washington DC and not on their core businesses. So, let's ask the key questions: What is it that investors fear will happen next week? And what if those fears become reality?