Business Insider: “‘Rich Dad Poor Dad’ author Robert Kiyosaki warns of a market ‘crash landing’ after US credit rating gets slashed”By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
.... "Many economists, meanwhile, are warming to the idea that the US will see a soft landing of its economy. Though Fitch's downgrade shocked investors, the move didn't reveal anything that investors didn't already know about the economy, experts say, meaning the sell-off could be more of a seasonal correction as opposed to a new stressor for stocks.
"Fitch's downgrade reflects a reality that investors have already learned to accept so, while today's equity market response was negative, it does not add anything new to the discussion," DataTrek co-founder Nicholas Colas said in a note on Thursday. "We should not therefore be too surprised at today's price action"....
Full article here on Business Insider.