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.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Less Sea Ice Means More Arctic Trees—Which Means TroubleWhite spruce are spreading in the high north, thanks to extra snow. That “Arctic greening” has serious climate implications.
Read more »
Debt Consolidation in San Antonio, Texas, with Debt Relief ServicesGet Debt Relief in San Antonio, Texas, by calling 210-503-1099 or visiting debtredemption.com/WOAI to get debt relief services for up to 40% less than most out-
Read more »
IMF approves final tranche of $3 billion Pakistan bailout fundDeal releases $1.1 billion, preventing a potential debt default on Pakistan's debt repayments amidst economic crises.
Read more »
Centamin annual profit boosted by soaring gold pricesNo 1 source of global mining news and opinion
Read more »
Study reveals soaring successes and lingering struggles for women, especially women of color, in musicThe New Black View
Read more »
Soaring mobile-home rents anger Arizona votersMany of Arizona’s mobile-home parks are experiencing big jumps in rent, deepening financial woes of low-income residents. The spike is tarnishing the economic views of an voters in this swing state, even as Arizona’s economy booms.
Read more »