Does the Moody’s Downgrade Matter?

This week, we’re focusing on the impact of Moody's downgrade of the US credit rating. How did the market react? Does it raise real concerns? Does it have real long-term effects? We’ll also delve into the implications of the new tax bill and its potential ramifications on the economy. We wrap with a look at hurricane season and the gripping story of New Orleans’ jail escapees.

Key Takeaways

• [0:19] - Greg sums up an entire week of news in 3 minutes

• [03:03] - Unpacking the Moody's downgrade

• [08:02] - Narratives, treasuries, and the deficit

• [12:11] - The new tax bill could stimulate economic growth

• [18:30] - Hurricane forecasts = market prognostications?

• [21:21] - Shawshank, Nola version

View Transcript

Links

• What Moody’s downgrade of U.S. credit rating means for your money

• NOAA’s 2025 hurricane forecast warns of a busy season

• You can bet on when New Orleans jail escapees will be captured

Connect with our hosts

• Doug Stokes

• Greg Stokes

• Stokes Family Office

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The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

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