Stephen Schwarzman said Friday that Fitch's move last week to slash the country's credit rating, but the appeal of US-linked assets could start to fall if government debt carries on piling up.
"The US is the US, we are the reserve currency, we do defend a large part of the world, including people who have triple-As," he told"When there's a crisis in the world, they buy our securities – now that doesn't last forever if you don't keep some discipline," Schwarzman added."So in a way, [Fitch's downgrade] is a bit of a shot across the bow.
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