Jul
27

Debt Ceiling Debacle

Debt Ceiling Debacle: In the foreign exchange (FX) market commodity-sensitive Australian and New Zealand dollars have hit record highs. Gold is also galloping upwards. There is also a strong desire to hold super safe Swiss Francs. Banks and money market funds are also rapidly boosting liquidity (hurting equity prices). All this is being done by investors to protect themselves should the debt ceiling not be raised.

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