Bonds Join Stocks Falling in Markets Overwhelmed by Debt Debate
Fear and uncertainty about the possibility of a U.S. default have caused global markets to decline yesterday and have caused concern among investors around the world. Concerns range from the possibility of a U.S. government debt downgrade and the possibility of the government defaulting to the overall uncertainty in European. Currently, the Swiss franc is at an all time high versus the dollar and gold is trading at over $1600 per ounce, further signs of global uncertainty.