Implications of the Deal to Raise Debt Ceiling: Interview with Al Arabiya

Al Arabiya hosted Wassim Jomaa, Chief Investment Officer at The Family Office, to discuss the implications of the deal to raise the US debt ceiling. Below are the highlights of the interview:

Jun 5, 2023|Management Insights- 1 min

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  • There was significant concern about the possibility of failing to reach an agreement to raise the US debt ceiling, similar to the situation in 2011, for a variety of reasons:

    • Uncharacteristic, huge division in Congress.

    • Tightening of central banks in contrast with the quantitative easing (QE) in 2011.

    • Debt level has more than doubled compared to 2011.

  • The increase in interest rates results in the inability of many to borrow money. Several sectors benefit from governmental support in this regard, creating new investment opportunities, especially in the technology, biotechnology, semiconductor and Artificial Intelligence (AI) sectors.

  • Investors must work with experienced investment managers who choose the right investments to benefit from current market trends despite market volatility.

Watch the full interview above.


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