US Debt Ceiling Dramas Diminish Dollar's Credibility and Reputation as Safety Asset, Warns Devere CEO
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The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt ceiling deal “does not solve the underlying political challenges facing the U.S. and its economy.” See more for yourself here (https://news.bitcoin.com/us-debt-ceiling-dramas-diminish-dollars-credibility-and-reputation-as-safety-asset-warns-devere-ceo/).
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