Monday, August 1, 2011

No Guarantees On Last-Minute Deal

Dene Mackenzie

Global financial disaster appears to have been averted with a last-minute deal announced yesterday by United States President Barack Obama to raise the US borrowing level.
However, problems still remain and last night there was still no guarantee the deal would pass, although there was an agreement to raise the debt level to avoid the US' defaulting on its bills.
Craigs Investment Partners broker Chris Timms said the value of the US dollar and oil prices should be on the rise this morning, while the price of gold falls and investors move back into riskier assets. . . . . . .

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