29th July 2011
This week all focus has been on the United States and the continued struggle to get an agreement on their debt ceiling extension. This farcical delay to something which in many peoples eyes is not even debateable continues to cause disruption to the markets and in particular the world reserve currency , the US Dollar.
The fact that this has even been a week of heated discussion , late night meetings and grovelling to the senate, to many is ludicrous and has caused even more volatility in the stock and currency markets this week. The idea that the world biggest economy will default and not pay its bills cant and wont happen. The Amercicans have the earned the right to print money and cover whatever potential default there is . There is no comparison to the PIGS in Europe who can default at a moments notice, the US will cover its debts and will continue to cover it, if they don’t everyone should start running to hills because a world without the US means potential Armageddon.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.