A partial government shutdown is now underway. I am unimpressed, and so are the futures. U.S. futures are up slightly, and so are global futures in general. Gold and the dollar are flat.
Given this is the 18th partial government shutdown, there is nothing at all to be excited about this evening.
History of 18 Government Shutdowns
Year Start dat…
By
(Bonus Disclosure : I’m neither right or left wing.)
Introduction : Pop Quiz
The affordable care act passes through the three branches of government and is signed into law, but you don’t agree with it. Do yo…
By Markos Kaminis (Wall St. Greek):
Alcatel-Lucent (
The Real Cause of the Crisis: Forget Partisan Rhetoric … The Threatened Government Shutdown Is Caused By Bad Policy By BOTH PARTIES Preface: Remember what the Founding Fathers said about partisan soap operas. While partisans focus on specific things the other side is doing – “Obamacare” and the “debt ceiling” are the buzzwords of the…Government Shutdown Caused By Bad Policy By Both Parties
In late 2007, I was unemployed, but had a line on a job with a minority broker-dealer who would allow me to work from home, something that I needed for family reasons at that point. The fellow who would eventually be my boss called me and said he had a client that needed valuation help […]
Josh Brown knows how financial salespeople speak. It’s ugly at times, but customers want to be dazzled by fancy lingo, no matter how abstract and meaningless to their returns. He has a list of words — and the effects they … Continue reading <...
By David Fry (ETF Digest):
I suppose there are some who didn’t watch the Breaking Bad T…
Given that the debate over US fiscal policy has resulted in a government shut down in more than half the past 30 years might mean that, as distasteful as it is, it is part of the normal process. Such an outcome seems impossible in a parliamentary system, in which the executive (and cabinet) comes out of the legislative branch.
Amazon is planning to hire 70,000 workers to help out for the holiday season.
By Bill Maurer:
As we move into the fourth quarter, it’s time to step back and see where things are. It’s been over a month now since I looked at the cigarette space, so I’m circling back there. Philip Morris (
The Rasmussen daily survey (chart below) seems to indicate that the government closure may in fact be helping the Obama administration’s approval ratings, while potentially hurting the Republican Party. If the trend continues, the shutdown us unlikely to persist for too long. Here is an interesting take on the subject from The Week.SoberLoo…Is the anti-ObamaCare campaign hurting the Republicans?
As global markets have continued to struggle, today the Godfather of newsletter writers, Richard Russell, warned investors they should be ready to see “massive and radical change,” as global stock markets peak and begin a historic plunge. He also discussed how the massive plunge in stocks may usher in a new monetary system.
NPR points out:
Since a new process was put into place in 1976, the U.S. government has shut down 17 times [Update: Make that 18]. Presidents Jimmy Carter and Ronald Reagan each dealt with six shutdowns during their terms in office, lasting anywhere from one day to 2 1/2 weeks.
The last actual shutdown came in 1996 …. The last shu…
It's 12:01am, do you know where your government is?
*WHITE HOUSE BUDGET OFFICE DIRECTS AGENCIES TO BEGIN SHUTDOWN
*U.S. GOVERNMENT SHUTS DOWN FOR FIRST TIME IN 17 YEARS
Full Statement from The White House:
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES
FROM: Sylvia M. Burwell, Director
SUBJECT: Upda…
We presume it is to sing Auld Lang Syne but with 20 minutes left until the inevitable, it can really only be ensure they get the last soundbites in before the ball drops…
Asian markets posted gains in morning trading as investors prepared for a possible U.S. government shutdown and before news of expected stimulus measures in Japan.
In response to my post A Rorschach test for bulls and bears at Seeking Alpha, I saw a couple of important comments. In the article, I made a reference to the analysis of John Hussman, to which a reader wrote that Hussman had a terrible track record, why should anyone listen to him. Another responded that “HSGFX since 11/21/00 is up 61.29%….SPY…
The US sovereign CDS spread has risen in the past couple days with the government shutdown becoming more real.Source: DBBut it’s not the shutdown itself that’s driving the US default probability higher. It’s the fact that the shutdown sets a precedent for the upcoming debt ceiling debate (see video below). US politicians are showing willingness to “p…
Much confusion with just one hour left as Eric Cantor seeks to request a conference with the Senate. This is taking place even as the White House budget office will instruct agencies on a shutdown in under 30 minutes. And moments ago, Harry Reid said from the Senate that he would “not go to conference” until he gets a clean CR. So unless the House Re…
Update: Well, kiss that idea goodbye: GOVERNMENT WILL SHUT DOWN TONIGHT; HOUSE WILL NOT ATTEMPT MORE VOTES TONIGHT, WAPO REPORTS (link)
While it will be supremely ironic if stocks were to soar on the day the US government shuts down (it would be curious to see how Congress would spin that particular “market” reaction to a world without a US governm…
Diversified Asset Allocation Portfolios For Your Plans
| Vanguard ETF: | 10%* |  |
| Diversified Core: | 11%* | |
| Six Core Asset ETFs: | 10%* | |
Bogleheads Latest Posts