17.10.2013 - Why a U.S. default could be great for sovereign wealth funds
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. dollarís 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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