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October 2013
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Morning Market Briefing – Wednesday- 10/16/2013

This is the great irony we are facing. The government shutdown and debt ceiling breach should be seen as negative for the US dollar which should cause the market to rise. Yet, the exact opposite occurs because the US dollar is still the world reserve currency. If this was happening in ANY other country in the world, the currency would weaken, imports would become more expensive, and their market would crash. […]