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CATEGORY: fitch ratings


Aug 05, 2023 05:50

Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’

Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff emphasized: “Given the trajectory of U.S. government deficit spending, a dollar collapse is inevitable.” Schiff on US Rating [...]

The post Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’ appeared first on Crypto Breaking News.

Jul 05, 2023 02:10

Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds

Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty over their perceived stability.  As global policymakers continue to grapple with concerns about the crypto sector’s impact on the [...]

The post Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds appeared first on Crypto Breaking News.

Aug 03, 2023 05:50

White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’

Fitch Ratings has downgraded the United States’ debt rating. Biden officials call the downgrade decision “bizarre and baseless.” Both the White House and U.S. Treasury Secretary Janet Yellen strongly disagreed with the downgrade decision. Yellen claimed that the change by Fitch Ratings “is arbitrary and based on outdated data.” Fitch Downgrades US Rating Fitch Ratings, [...]

The post White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’ appeared first on Crypto Breaking News.

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