Ateneo Professor on Entrepreneurship
From Moneynews
US may soon lose its safe haven status for currency and investment, according to Bill Gross of Pacific Investment Management Co, unless US addresses its problems of deficit spending and propensity (addiction to debt)
The Congressional Budget Office, the Bank of International Settlement, the International Monetary Fund all agreed that a gap on spending on borrowing must be cut; otherwise, US will continue to print more money, inflating the dollar, losing its value and US bond will lose its value.
PIMCO cut its holdings of US treasuries from 33% to 22% (lest its bonds burn to a crisp)
Why are we writing on this? What is the relationship to entrepreneurship ecosystem?
Will this problem affect PHL businesses or it is too far away to singe PHL investors/entrepreneurs?
Read more on Bill Gross comment on US addiction
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