Concerns over GCC dependence on US treasury bills and dollar despite debt default optimism | The National:
"Questions have been raised about the GCC’s dependence on US treasury bills and the dollar, even as optimism rises about a deal to avert a debt default by the world’s biggest economy.
GCC governments are among the largest global investors in US treasuries, long considered a safe way to protect the oil wealth of future generations.
But US sovereign debt and treasury bills could no longer be considered a “risk free” asset for investors, said Nasser Saidi, the former chief economist of Dubai International Financial Centre."
'via Blog this'
No comments:
Post a Comment