Credit rating firm: Trump a risk to 'international economic conditions'

[highplainsdem]

Source: The Hill

A top credit rating agency is warning that the Trump administration poses a risk to “international economic conditions.”

Fitch Ratings said Friday that early signs from the administration indicate that the stability of credit across the globe may be coming into question as the new president embarks on a dramatically different course from his recent predecessors, both in style and substance.

“US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications,” the rater said.

The report focused primarily on how countries outside the U.S. could be affected by the new president. In particular, the rater warned that countries that have earned Trump’s scrutiny, such as China, Germany and Mexico, could face significant pressure on their credit, as the new White House has vowed to rework existing bilateral arrangements. “A lot can change, but the aggressive tone of some Administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise,” the rater said.

-snip-

Read more: http://thehill.com/policy/finance/318912-credit-rater-trump-a-risk-to-international-economic-conditions

[pangaia]

1. This is the intent. Chaos, confusion, disaster.....

[cstanleytech]

4. Yup with the 1% (many of whom are Repugnants in Congress) ready to swoop in with

offshore companies and private equity companies to buy things like peoples homes as they force them into bankruptcy by deliberately crashing the entire economy and yes I honestly think that alot of them have that in mind.

[tenorly]

9. There certainly are, chief among them:

http://www.democraticunderground.com/10027587144

[sarcasmo]

5. With bankruptcy the end game. Default on loans, and renegotiate.

Dolt45 says, "I'M the best negotiator"

[milestogo]

12. If Dolt45 isn't already the name of a beer, it should be.

Become as stupid as Cheetoman with one drink.

[ornotna]

2. They are on the right track to "mission accomplished"

Chaos.

[DemKittyNC]

3. I use to think

his only intentions was to bankrupt and fleece America to line his and his friends pockets and once the heist was over he would just go away but this SOB is intentionally hurting people. Trying to make peoples life a living hell! He is a sadistic, uncaring, narcissistic, juvenile, asshole! I never hated someone so much in my life before I knew about this poor excuse of a human being.

[FiveGoodMen]

6. And behind him, the GOP is burning every safety net there is

[riversedge]

8. And I am really fearful now that Price at the helm of DHH!

[winstars]

7. But her emails!!! And she gave speeches to Wall Street... IT ALL SEEMS VERY QUAINT NOW!!!!

To the ....oh, I don't think we can trust her folks,


WELL FUCK YOU TOO!!!!!!!

[socialist_n_TN]

10. It's late stage capitalism.........

No matter who was president we would have had another and probably WORSE "Great Recession" within a couple of years anyway. The system itself is rotting from the inside and ready to collapse.

The only thing that Trump MIGHT do is change the timing of the next Great Recession. He might bring it on a few months or a year or two quicker. Or he might even delay it for a few months or a year or two, but he won't stop it.

It's the system, NOT the players.

[milestogo]

11. America First. Fuck the rest of the world.