"US Default Deadline Looms: Investors Brace for Turbulence and Catastrophic Global Jolt"

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Source: Markets Insider
"US Default Deadline Looms: Investors Brace for Turbulence and Catastrophic Global Jolt"
Photo: Markets Insider
TL;DR Summary

Bankrate's senior economic analyst advises investors not to make bets on a potential US default due to the high degree of uncertainty and lack of precedence. Instead, investors should maintain a long-term approach, build emergency funds, and consider high-yield savings accounts. A default would be catastrophic for the economy, and it would unleash many unknown repercussions that investors wouldn't be able to make regular assumptions about.

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