Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO Warns

Both bitcoin and gold may already be pricing in a crisis scenario. Despite elevated interest rates and bond yields worldwide, the two so-called zero-yielding assets have rallied to new record highs above $70,000 and $2,000, respectively. Both have surpassed their previous peaks set in 2020-21, when interest rates in the U.S. and other parts of the world were pinned near or below zero.

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