In Search of Safe Havens: The Trust Deficit and Risk-free Investments!
Musings on Markets
AUGUST 15, 2023
Not only was this an indication of how dollar-centric much of finance education used to be, but also of how much faith there was that the US treasury was default-free. The most obvious reason is economic, where a crisis and collapse in government revenues, from taxes and other sources, causes a government to be unable meet its obligations.
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