Wyn Thomas - Axys Investment Management

Weekly Update 25th August 2017

BANKERS GATHER AT JACKSON HOLE

The US President continues to rile up the public with threats of shutting down the government if he doesn’t get his own way, and accusing the media of dividing the country in the wake of the violence in Charlottesville last week. Investors appear to have grown used to Trump’s overactive and unpredictable mouth and seem to be focusing on the real risks including discussions over the debt ceiling. If Congress fail to agree to raise the cap on how much the government can borrow the US would be unable to borrow more money to pay its bills, which could lead to a credit rating downgrade for the US. Read More…