Moody, American debt
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Ray Dalio warns that Moody's credit downgrade doesn't reflect the risks of money printing by the federal government in order to pay off debt.
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.
Moody's on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase , Bank of America and Wells Fargo , after pushing the U.S. out of top triple-A rating club over its burgeoning $36 trillion debt.
9hon MSN
U.S. stocks are drifting lower and U.S. bonds are falling more sharply following the latest reminder that the U.S. government seems to be hurtling toward an unsustainable mountain of debt.