Academy's Tchir Says Avoid US Dollar Over Debt Ceiling 'Friction'

The video discusses the ongoing debt ceiling debates, highlighting potential changes and increased political friction. It suggests that the current situation could lead to a lack of trust in the dollar, impacting markets. The speaker advises caution with dollar-denominated assets and notes a decrease in foreign demand, particularly from Japan and Europe, for these assets.

What actions does the teacher suggest the Treasury Department might take regarding the debt ceiling?

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What concerns does the teacher express about foreign demand for dollar-denominated assets?

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