Matt Levine, Columnist

The US Might Be Only AA+

Also Treasury bills vs. regional banks, reverse meme stocks, stock buybacks and ambassadorial investment banking.

May 25, 2023 at 6:00 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow through Tuesday, back next Wednesday, May 31. As you know, Money Stuff’s time off is correlated with lower market volatility. I take this to be bullish for debt-ceiling negotiations, though of course this is not investing advice. Anyway, good luck with all that, see you Wednesday.

I kind of don’t get this: