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Credit Crunch, ETFs, Oil, and Apple

Bloomberg Intelligence

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The US Treasury's Debt Ceiling and the Global Economy

I don't think it has any repercussions in terms of economic performance. And I think also, the political point is moot at this point. The Treasury will soon replenish its cash balance by selling more than $1 trillion of bills through the end of the third quarter. That seems like a big number to me. But it's not a surprising number.

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