‘The Worst Is Yet To Come’: As Federal Workers Tap Retirement Funds, Confidence In Economy Collapses

‘The Worst Is Yet To Come’: As Federal Workers Tap Retirement Funds, Confidence In Economy Collapses

And so, Americans are increasingly concerned about the ongoing government shutdown, which isn't surprising, because after all, some folks aren't being paid and Donald Trump continues to exhibit all the signs and symptoms of a man who is drunk on power, senile and delusional. A Bloomberg gauge of consumer expectations for the economy dropped for a third consecutive month to 44.5 in January - that's the lowest reading since the election, which is fitting. The "Trump bump" in economic expectations
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4 thoughts on “‘The Worst Is Yet To Come’: As Federal Workers Tap Retirement Funds, Confidence In Economy Collapses

  1. I continue to suspect the wheels come off in March. Dec was the loud BANG that made everyone go… “whoa… what was that?!” Once they realize what “that” was then the real slide happens and I think it will make 2008 look like a fun ride. This time… there is no one to take the wheel, nobody is going to be reacting to establish confidence and the raving madman will fail to yell it back into place.

  2. Government shutdowns have never had a lasting impact on the markets. Granted at some point the duration will get long enough that history can’t be a guide. If the Fed govt is shut down for 4, 5, 6 months . . .

    But Congress will pass laws and/or Administration will issue executive orders prohibiting foreclosures, tax penalties, etc due to Federal workers going unpaid, and some relief for contractors wouldn’t be inconceivable.

    The “trade truce” carrot will get trotted out, and markets care a lot more about that.

  3. Although Republicans are getting more of the shutdown heat than Democrats, I still think the shutdown was a bad idea for the Dems in the longrun. Just $5 billion of taxpayer money could have provided the Dems with many years of “I told you so,” as drugs and illegals would continue to enter the US under, over and through the Trump wall. Meanwhile, the old saying about challenging a pig to a mudfight is still true. You Dems get dirty while the pig enjoys it.

  4. I agree with above….Dems going all NO on border security won’t help them in the long run….Trump’s down to fencing at this point and fencing has been funded before. The parties are both showing their inability to govern at the expense of soundbiting.

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