The big financial event on the horizon is August 2. August 2 is the projected date for the technical default of the U.S. Government, unless the debt ceiling is raised. I assume that the forces in Congress will bite the bullet and raise the debt ceiling. At least, I hope so.
In a worse case scenario, a congressional refusal to raise the debt ceiling would not be well received by the markets. There would be an appreciable hit on the value of the U.S. Dollar. From what I gather, one means of protection against such an event would be investment in the Swiss Franc (FXF) and the Australian Dollar (FXA) through exchange traded funds. These are exchange traded funds that allow the average investor to have exposure to foreign currencies. Both of these funds show strong up trends, the Swiss Franc more so than the Australian Dollar.
Later.
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