Tuesday, October 01, 2013

What Will the Government Shutdown Cost?

The most important issue facing the US markets and economy is the pending government shutdown. If this expands into a debt default, the implications reach worldwide. As I accurately forecast last week:
“Despite a busy economic calendar this week will focus on Washington and the inability to compromise on important decisions. There are two key questions:

  • Can a government shutdown be avoided?
  • Will the U.S. default on its debt, by failing to raise the debt ceiling?”
The background and discussion still reads well, so I urge readers to check that out as a refresher.

Original content +Bob DeMarco , All American Investor