Ha? I read that S&P has maintained the same rating for the USA since 2011. Nothing has changed. Is this what you mean, "nothing happens" was inevitable given the tariffs? Do I misunderstand the article?
As someone not very educated in economics and the institutions around global nation-state economics specifically, what does this mean? Itβs more expensive for the state to borrow? From where?
Are there real consequences of this for powerful people, or will they just be passed solely to middle class and below somehow.
In this case S&P just re-affirmed their rating so for now not much, hence the line in the article "There was no reaction in markets on Tuesday to S&P's credit rating affirmation".
