"US Default Deadline Looms: Investors Brace for Turbulence and Catastrophic Global Jolt"
TL;DR
Bankrate's senior economic analyst advises investors not to make bets on a potential US default due to the high degree of uncertainty and lack of precedence. Instead, investors should maintain a long-term approach, build emergency funds, and consider high-yield savings accounts. A default would be catastrophic for the economy, and it would unleash many unknown repercussions that investors wouldn't be able to make regular assumptions about.
Topics:businessfinance#finance#high-yield-savings-accounts#investors#long-term-approach#uncertainty#us-default
- What investors should do as US default deadline nears: Bankrate Markets Insider
- ‘It’s essentially a game of chicken.’ The debt limit standoff has no real winners and potentially one big loser: The U.S. economy Yahoo Finance
- Your Weekend Reading: US Default Risks 'Catastrophic' Global Jolt Bloomberg
- Investors should brace for US debt ceiling turbulence Financial Times
- U.S. debt issue worries a slowing global economy: World Bank CGTN
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