AuH20
03-30-2011, 08:38 AM
As if we didn't know this was the endgame. Out come the experts with their scripts...err I mean analysis.
http://www.huffingtonpost.com/2011/03/29/government-shutdown-economy_n_842262.html
An extended federal government shutdown could devastate the U.S. economy by dealing a blow to Americans' confidence, experts said Tuesday.
I think M.I.T. stands for Mired in a Trance:
"Even though the actual direct effects of a two-week government shutdown may not seem like such a big deal, it could trigger a mass panic or sell-off, or other types of market dynamics that could be really hard to predict or control," said Andrew Lo, professor of finance at the MIT Sloan School of Management.
He added that Americans might "start wondering whether or not government works at all."
http://www.huffingtonpost.com/2011/03/29/government-shutdown-economy_n_842262.html
An extended federal government shutdown could devastate the U.S. economy by dealing a blow to Americans' confidence, experts said Tuesday.
I think M.I.T. stands for Mired in a Trance:
"Even though the actual direct effects of a two-week government shutdown may not seem like such a big deal, it could trigger a mass panic or sell-off, or other types of market dynamics that could be really hard to predict or control," said Andrew Lo, professor of finance at the MIT Sloan School of Management.
He added that Americans might "start wondering whether or not government works at all."