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Investors shrug off U S debt default fears and prep gaps
Investors and companies show little urgency as Washington faces a borrowing deadline. Analysts warn a default could trigger a global crisis, yet many shore up liquidity slowly. Banks, funds and insurers hedge by hoarding cash while some firms delay moves awaiting Washington.
MENTIONED IN THIS ARTICLE
New York
Warren Buffett
Treasury
U.S
Washington
Nicholas Colas
CovergEx Group
Brian Doe
Gratus Capital Management
Atlanta
Marcello Ahn
Seoul
Congress
Ally Do
Kazuo Hirai
Tokyo
Hong Kong Stock Exchange
Fidelity Investments
Jpmorgan Chase
U.S Government
Standard and Poor's
Allianz Group
Munich
Michael Matern
Wall Street
Lehman Brothers
Jpmorgan
Jamie Dimon