Untitled topic • Hacker News Board

#1

Post by hypeit » Sat, Feb 10, 2024, 9:30 PM UTC

No post body was provided.

Re: undefined

#2

Post by ijhuygft776 » Sat, Feb 10, 2024, 9:53 PM UTC

U.S. is still sponsoring Israel... so I wonder why.

Re: undefined

#3

Post by [deleted] » Sat, Feb 10, 2024, 9:57 PM UTC

ijhuygft776 wrote: post #2

U.S. is still sponsoring Israel... so I wonder why.

[deleted]

Re: undefined

#4

Post by hollerith » Sat, Feb 10, 2024, 9:58 PM UTC

ijhuygft776 wrote: post #2

U.S. is still sponsoring Israel... so I wonder why.

Probably because the war against Hamas is costing Israel a lot of money.

Re: undefined

#5

Post by bell-cot » Sat, Feb 10, 2024, 10:35 PM UTC

> The country's rating was cut to "A2," which is five notches above investment grade, while its credit outlook was kept at negative by Moody's, meaning a further downgrade is possible.

Here's Moody's rating system (the not-too-long version) - https://en.wikipedia.org/wiki/Bond_credit_rating

Briefly put, this is a pretty small move, on a scale that has a lot notches on it.

Re: undefined

#6

Post by bell-cot » Sat, Feb 10, 2024, 10:36 PM UTC

ijhuygft776 wrote: post #2

U.S. is still sponsoring Israel... so I wonder why.

"sponsoring Israel" != "co-signing on Israel's national debt"

Re: undefined

#7

Post by ijhuygft776 » Sat, Feb 10, 2024, 11:20 PM UTC

bell-cot wrote: post #6

ijhuygft776 wrote: post #2

U.S. is still sponsoring Israel... so I wonder why.

"sponsoring Israel" != "co-signing on Israel's national debt"

are you sure....

Re: undefined

#8

Post by bell-cot » Sun, Feb 11, 2024, 12:46 AM UTC

ijhuygft776 wrote: post #7

bell-cot wrote: post #6

Earlier quoted context omitted.

"sponsoring Israel" != "co-signing on Israel's national debt"

are you sure....

Since Moody's still seems to rate US Gov't bonds as "Aaa", they must be pretty sure.

Not being a bond rating expert, I'll defer to their judgement in the matter.