Debt ceiling crisis: Best practices to navigate this market
In this week’s episode of Market Talks, Cointelegraph welcomes Mike McGlone, senior macro strategist at Bloomberg Intelligence, which delivers in-depth analysis and data sets on industries and companies, government, credit, litigation and economic factors.In today’s discussion with McGlone, we discuss the concerns around the current debt ceiling battle currently taking place in America’s law-making houses.
Will the United States default for the first time in its history, or will lawmakers reach an agreement before time runs out?Whatever happens with the debt ceiling, is it a lose-lose situation for Bitcoin, crypto and other risk assets?
Especially since the Federal Reserve might pause rate hikes and with inflation tapering off. We ask McGlone to explain why that is.We get McGlone’s views on de-dollarization as some countries reduce their reliance on the U.S.
dollar and settle trades in their own currencies. Is this a serious threat to the dollar as the global reserve currency, and which currency comes close to replacing it?Next, we dive into what standard practices investors should know about and use to navigate the markets.
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