Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO Warns

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

Unattended mounting U.S. debt concerns means potential for a Liz-Truss style market chaos, Phillip Swagel, director of the Congressional Budget Office

Now, the U.S. faces a similar risk if the government continues to ignore mounting debt concerns, according to Phillip Swagel, director of the A pound-like crash in the U.S. dollar, a global reserve currency with an outsized role in international finance, could boost demand for alternative assets with a haven appeal like bitcoin and gold. Trading volumes in bitcoin-pound pairsBoth bitcoin and gold may already be pricing in a crisis scenario. Despite elevated interest rates and bond yields worldwide, the two so-called zero-yielding assets have rallied to new record highs above $70,000 and $2,000, respectively.

 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 291. in NL

Nederland Laatste Nieuws, Nederland Headlines