US Government: Shutdown or not

Posted: October 1, 2013 in Uncategorized
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Well…just a little more than 1 hour to the the final moment.

I think that the market is already “pricing in” at least a partial shut-down. But this is a prequel to the real battle on the US Debt Ceiling battle (the limit technically expires the 17th October). In reality this shut-down does not have much impact on the market as it hits mainly the public sector. Not that is good, but during the previous shut down (Clinton Era) actually the market rose a little – as in reality they cannot keep the Government close forever.

But the 17th October is extremely close.


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