PIMCO's Cantrill on Fitch Cutting US Rating

The transcript discusses the recent debt ceiling deal and its implications. It highlights the surprise in timing rather than the downgrade itself, noting that Fitch had been monitoring the situation. The market impact is considered minimal, and the US dollar's reserve currency status remains strong. Politically, the downgrade may be used against Democrats and President Biden, with austerity politics resurfacing. Public concern over fiscal trajectory is increasing, as shown by recent polls.

What was surprising about the recent downgrade discussed in the video?

• The actual downgrade itself

• The timing of the downgrade

• The reaction from the markets

• The impact on the US dollar

How does the video describe the US dollar's status in the global market?

• An unreliable currency

• The cleanest dirty shirt

• A stable currency

• The weakest currency

What is Janet Yellen's opinion on the downgrade?

• It is outdated and arbitrary

• It strengthens the US economy

• It is a minor issue

• It is a necessary update

How might the downgrade be used politically according to the video?

• To support the Democrats

• To criticize the Republicans

• As a tool against the Democrats and President Biden

• To promote fiscal expansion

What recent trend is highlighted in the video regarding public opinion?

• Stable concern about economic growth

• Increased concern about fiscal trajectory

• Decreased concern about fiscal issues

• Indifference towards political decisions