
The Bush Wealth Advantage
Implications of the U.S. Credit Rating Downgrade
More of a signal about long-term fiscal challenges, not an immediate worry
The recent downgrade of U.S. sovereign debt by Moody’s marks a significant moment in American financial history. For the first time, all three major credit rating agencies have removed the United States from their highest credit tier. As an investor, it’s essential to view this development within its historical context, and consider its practical implications fo