Some Republican members of the House of Representatives have proposed prioritizing interest payments on U.S. debt as a way to mitigate the effects of a payment default caused by failure to raise the debt ceiling. Wall Street executives are warning that this solution is inadequate. “This is going to be permanently damaging for business and consumer confidence if this happens. People will never look at the United States Treasury the same ever again,” said Tom Simons, money-market economist at Jefferies Group LLC, an investment bank.
While most U.S. investors are transfixed by the U.S. government shutdown, there are a handful of stock markets across the world that have been shooting the lights out since Americans returned from their Labor Day picnics.
At my firm Global Guru Capital, I monitor 40 global stock markets on a daily basis, all of which you can invest through exchange-traded funds (ETFs) in your U.S. brokerage account.
Below, I've compiled a list of the top five
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: