Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Investments

U.S. Government Shuts Down And The Stock Market Rallies...Huh?

Tuesday, October 1, 2013 - 7:09 PM
Why the rally? And it is a rally, a broad one.

Keeping the government shut down for another two weeks? With roughly 0.2 percent getting shaved off of GDP for every week the government stays shut down? That's just plain stupid.

That's why there has been talk that the way to do the Grand Bargain is for everyone to agree to an immediate continuing resolution to keep the government open--for another week or so.

U.S. government shuts down and the stock market rallies...huh?
5
ShorebreakShorebreak2,365 posts since
Apr 6, 2010
Rep Points: 12,596
Reply