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Sovereign Wealth Funds Briefing - Categorized | Trends

Why a U.S. default could be great for sovereign wealth funds

Posted on 17 October 2013

Before getting pied by critics, let us consider the possible benefits of a technical default by the U.S. Treasury for institutional investors. As the U.S. Congress reaches the 11th hour on a budget deal, and investors sit idly by waiting for a decision, television pundits and economists in the United States are voicing concerns ranging from the fall of the U.S. dollar’s exclusive global reserve currency status to a full out economic Armageddon.
At the publishing of this article, Congress in a last minute effort approved the debt ceiling, but these concerns will certainly be revisited again………………………………………..Full Article: Source


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