Financial Highlights from the Recent Week You Should Know About:
- CAPITAL MARKETS:India’s US Treasury Holdings at 5 Year Low As the US continues to damage its global reputation and trust, countries are offloading their US Treasuries, the latest being, India. India saw a 26% drop in US Treasury holdings from its peak.
- COMMODITIES: Commodities On Hottest Tear We know gold and silver have been on surging to incredible highs, but not just these metals, platinum, tin, nickel and copper have all been on heading skywards. As investors have been rushing to buy physical commodities in the current market chaos as investors seeking safety.
- CREDIT: US Banks Looking at Ways to Cap Credit Card Interest Bank of America and Citigroup have been looking at ways to cap credit card interest rates at 10% as mandate by the US President. While JPMorgan CEO, Jamie Dimon, is skeptical of such a cap.
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