Gold reserve sales, cuts in military spending would keep US from defaulting without raising the debt ceiling, Ron Paul says. He wants gold as legal tender.
Bond market uptick in Treasuries doesn't lift outlook for PIMCO's El-Erian. Market is too complacent about rising inflation, he says.
Federal Reserve Chairman Ben Bernanke may try to limit market volatility in his statement next week, which is scheduled on the same day as the release of the Fed's monetary policy