Economics of government shutdown

Investments, gold, currencies, surviving after a financial meltdown
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Tom Mazanec
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Economics of government shutdown

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800,000 Federal workers without pay, 4.1 million contractors in limbo:
https://www.cnbc.com/2019/01/02/amid-th ... -food.html
42 million SNAP recipients, 7 million WIC recipients face loss of food stamps March 1:
https://www.cbsnews.com/news/government ... 018-01-09/
A typical story:
https://www.cnn.com/2019/01/06/us/shutd ... index.html
Fitch may downgrade US credit rating:
https://thehill.com/policy/finance/4245 ... dit-rating
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Re: Economics of government shutdown

Post by Tom Mazanec »

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Economics of government shutdown

Post by Tom Mazanec »

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Economics of government shutdown

Post by Tom Mazanec »

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

User avatar
Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Economics of government shutdown

Post by Tom Mazanec »

Consumer confidence plunging:
https://www.nytimes.com/2019/01/18/busi ... onomy.html
Other problems of the shutdown:
https://www.vox.com/policy-and-politics ... orkers-gdp
Shutdown is economic self-harm:
https://www.economist.com/united-states ... -self-harm

Many optimists seem to be linearly extrapolating the economic effects of earlier shutdowns. But shutdown effects grow exponentially, not linearly. And IMHO Trump and the Democrats are playing chicken, and I think they are both stubborn enough to collide.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Economics of government shutdown

Post by Tom Mazanec »

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

User avatar
Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Economics of government shutdown

Post by Tom Mazanec »

Shutdown could cause recession (video):
https://thedailycoin.org/2019/01/16/gov ... ion-video/
and as it mentions, the debt ceiling will be the next mess.
Dems weakening?
https://www.foxnews.com/politics/cracks ... d-shutdown
Administration warns 0% growth Q1:
https://www.politico.com/story/2019/01/ ... my-1120921
Will SOTU speech weaken Trump?
https://www.huffingtonpost.com/entry/do ... aa26be7e3c
Feb 1 deadline for Judiciary:
https://www.politico.com/story/2019/01/ ... wn-1119974
Deal within two weeks?
https://www.marketwatch.com/story/gover ... 2019-01-22
Long time till March food stamps:
https://thehill.com/policy/finance/4264 ... n-february
38 million SNAP people face hunger:
https://www.huffingtonpost.com/entry/go ... 6936760e94
NTSB: 87 accidents not investigated:
https://www.cnn.com/2019/01/23/politics ... index.html
TSA workers suffering:
https://www.cnn.com/2019/01/23/politics ... index.html
Smithsonian losing $1,000,000.00/week:
https://www.cnn.com/2019/01/23/us/smith ... index.html
Coast Guard admiral lashes out:
https://www.politico.com/story/2019/01/ ... wn-1120190
Boeing, aviation industry hurt:
https://www.cnbc.com/2019/01/23/boeing- ... ustry.html
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
Posts: 4180
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Re: Economics of government shutdown

Post by Tom Mazanec »

Commerce Secretary: Fed workers should get loans:
https://www.nytimes.com/2019/01/24/busi ... tdown.html
Fed worker unemployment claims soar:
https://www.politico.com/story/2019/01/ ... nt-1111201
Administration preparing for indefinite duration:
https://www.nbcnews.com/politics/politi ... wn-n961961
Shutdown threatens to break air travel:
https://www.usatoday.com/story/travel/n ... 663071002/
Small transit threatened:
https://www.politico.com/story/2019/01/ ... ng-1107192
Costs mount, no end in sight:
https://www.nextgov.com/podcasts/2019/0 ... nt/154387/
Morgan Stanley CEO: Extremely negative:
https://finance.yahoo.com/news/morgan-s ... 00883.html
Trump is at fault:
https://theweek.com/articles/819270/tim ... down-trump
The Democrats are at fault:
https://www.courier-journal.com/story/o ... 595878002/
"The surgery to remove the lung cancer is on hold":
http://time.com/5506227/government-shut ... cal-bills/
Grassroots Republicans back Trump on Shutdown:
https://www.washingtonexaminer.com/news ... n-drags-on
35 hidden costs:
https://www.vox.com/2019/1/24/18188621/ ... dden-costs
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Re: Economics of government shutdown

Post by Tom Mazanec »

This might be just an intermission:
https://www.washingtonexaminer.com/opin ... termission
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

User avatar
Tom Mazanec
Posts: 4180
Joined: Sun Sep 21, 2008 12:13 pm

Re: Economics of government shutdown

Post by Tom Mazanec »

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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