WASHINGTON, Aug 2 (Reuters) - U.S. private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.
One can only hope this resilience in the job market shields us from a recession especially with the downgrade from Fitch…doc
The downgrade has no impact to anyone or the government for this derate. If we drop below AA, THEN we have a problem. AA+? No problem!
(banks, pensions, foreign governments, other entities with charters all maintain AA-AAA rated securities for this purpose)
Also, the US is still the best game in town for treasuries. Don’t let the fear mongering scare you. 
I’m sorry, are you looking at your retirement plan today? I am WAY DOWN across the board by over 5% in most cases. You cannot tell me there is no impact to regular citizens.
I have looked at it. Red is always painful. Short term red has no impact on my retirement, budget planning or future expectations. I bought today.