Investors may flock to US treasuries if the US defaults
Guide to the Global Economy
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25-May-2023
Long live the T-Bill? With the United States on the brink of default, Josh and Niels sit down to talk about the safe, liquid, alternatives investors may turn to when and if President Biden and Speaker McCarthy are unable to reach a deal. German AAA bonds? No, too small a market.. Chinese debt? Definitely not with its tight liquidity issues… The United Kingdom? Well, that didn’t go so well last year… Counterintuitively, US treasuries may still be the safest bet if the US defaults.
It’s really time for Moscow to get over its exes. In what could only be called a relationship of "mutual desperation"—Cuba needs investment and Russia needs export markets—Sophia fills us in on the outcomes of the Russia-Cuba Business Forum that wrapped up on May 19 in Havana. The forum delivered agreements on land leases in Cuba, use of the Russia’s Mira payment system, and the reopening of Soviet-era ports and shipping routes. But who else is Cuba trading with at this point?
Mrugank comes on the show to talk about India’s crude imports from Russia, which have skyrocketed to the tune of a 1,500 percent increase. The trade volume surely was a topic of conversation between Presidents Zelensky and Prime Minister Modi at their meeting in Japan. It turns out that much of the oil that India is importing is ending up in Europe. Seems like a bug for Western sanctions, right? Well, it turns out it’s more of a feature.
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