Not living on borrowed time: Yes, the U.S. is facing a mountain of debt. No, the sky is not falling, despite media handwringing. With financial markets taking the U.S.’s deteriorating fiscal position in stride, we unpack the U.S. debt dilemma and argue that positioning portfolios for a U.S. debt crisis is likely to lead to subpar returns.

 

Regional developments: Bank of Canada maintains policy rate; Economic sentiment in U.S. turning toward a soft landing; An abrupt U-turn in European interest rate expectations; Moody’s downgrades China credit outlook.

Please take some time to review the Global Insight Weekly.

Feel free to contact us with any questions and/or to discuss investment ideas.

We appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals.

 

Past performance is no guarantee of future results.

Privacy & Security | Legal | Accessibility | Member-Canadian Investor Protection Fund

 

RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under license. © RBC Dominion Securities Inc. 2023. All rights reserved.