PIMCO's Cantrill on Fitch Cutting US Rating

PIMCO's Cantrill on Fitch Cutting US Rating

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

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.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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It is outdated and arbitrary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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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