In a post on the microblogging platform X (formerly Twitter), Kiyosaki compared the U.S. to a “deadbeat dad” living off borrowed money without a job or responsibilities, in response to the credit downgrade. He cautioned that a downgrade by Moody’s could lead to higher interest rates, potentially pushing the U.S. into a recession.
Wait for dust to settle before taking fresh bets, says Maulik Patel
Geopolitical tensions and market swings prompt caution for investors. Maulik Patel of Equirus Securities advises patience, suggesting a wait-and-watch approach. He notes current crises differ