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How the government shutdown shook up the US economy - - MSN ...

How the government shutdown shook up the US economy - - MSN ... | Macky Challenge | Scoop.it
Analysts say the hit to gross domestic product from lost government services alone totals $3.1 billion. - MSN Money investing tips and articles.
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Government shutdown did not only hurt government employees, but it also hurt the economy. An estimated $24 billion was the cost of the shutdown and followed by a slow economic growth. Although it's too early to know for sure what the shutdown cost it is certain that it impacted the country's economy.

 

-Marisol Eloiza

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Corporations Are Swimming in Cheap Cash. So Why Aren't They Investing?

Corporations Are Swimming in Cheap Cash. So Why Aren't They Investing? | Macky Challenge | Scoop.it
Two reasons: weak demand and absolutely zero clarity on U.S. fiscal policy (why aren’t businesses investing?weak demand and absolutely zero clarity when it comes to U.S. fiscal policy.
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---Adina Cianciotto

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Game-Changing Investments for the U.S.

Game-Changing Investments for the U.S. | Macky Challenge | Scoop.it
It’s time for Congress and industry to focus on growth and creating jobs through investment in the country’s productive capacity, two economists write.
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----Suzy Paredes

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GARY SHILLING: The Forces Are In Place To Propel The Economy Past Full Employment And Into Serious Inflation

GARY SHILLING: The Forces Are In Place To Propel The Economy Past Full Employment And Into Serious Inflation | Macky Challenge | Scoop.it
The U.S. government shutdown and debt ceiling have brought uncertainty to the economy that is putting pressure on the Federal Reserve to further delaying the tapering, or gradual reduction, of its stimulative quantitative easing policy.

Via Thomas Faltin
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-Lucas

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Biff Wellington's curator insight, October 21, 2013 12:04 PM

The government shutdown is making economists skeptical of tapering. Business insider Gary Shilling says that tapering should not be worried about in the grand scheme of things. According to Shilling the real problem is not tapering because this involves such little amounts of money. The main problem is the surplus reserves. If these reserves continue into normal growth then the level of inflation will increase exponentially.

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America's economy: Meh ceiling? | The Economist

America's economy: Meh ceiling? | The Economist | Macky Challenge | Scoop.it
WHY haven't financial markets been more perturbed by the dangerous game being played in Washington? There are plenty of explanations circulating, but we shouldn't...
efjinn's insight:

Politicians are incapable of reaching a solution to solve the deficit problem. Raising that debt ceiling hasn't helped with the country's debt; the article also talks about the government almost defaulting.What we need to do is find a solution to minimize the countries debt besides simply raising the debt ceiling. I find it crazy that other country believe that we are a safe asset.

 

-Marisol Eloiza

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Jobless claims suggest US GDP growth is peaking | Credit Writedowns

Jobless claims suggest US GDP growth is peaking | Credit Writedowns | Macky Challenge | Scoop.it
Right now, US jobless claims are very low by recent historical standards. I believe this represents a peak for growth in this business cycle. But there are almost certainly seasonal adjustment problems with this data series.
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---Adina Cianciotto

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US Fed: Inflation Running Below The Committee's Long-Run Objective | Bull Market Thinking

US Fed: Inflation Running Below The Committee's Long-Run Objective | Bull Market Thinking | Macky Challenge | Scoop.it

In a release issued today by the Board of Governors of The Federal Reserve System, were details on the Federal Open Market Committee (FOMC) statement following the September 17th-18th meeting.

 

Within the notes a few key statements on inflation were made, which may provide clues as to the directional “bias” of commodity and share markets this winter & spring.

 

Bernanke’s Fed indicated that inflation rates are simply not high enough, in that, “Mortgage rates have risen further and fiscal policy is restraining economic growth. Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee’s longer-run objective, but longer-term inflation expectations have remained stable.”

 

The Fed further commented that, “The Committee expects that, with appropriate policy accommodation, economic growth will pick up from its recent pace…but the tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy…The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, but it anticipates that inflation will move back toward its objective over the medium term.” ...


Via Hal
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----Suzy Paredes

 

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Fund Managers Still See December As Most Likely Timing For Fed Tapering Despite Crisis In Washington

Fund Managers Still See December As Most Likely Timing For Fed Tapering Despite Crisis In Washington | Macky Challenge | Scoop.it
The BofA Merrill Lynch rates and FX strategy team has just published the results of its October fund-manager survey, which contains an interesting observation: Investors still view the December FOMC meeting as the most likely timeframe in which the...

Via Thomas Faltin
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-Lucas

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Martin Eden's curator insight, October 21, 2013 10:11 AM

The government kicked the can down the road, not fixed the problem.  As QE continues, some are fearful of what will happen when the FED begins to taper.  Most fund managers believe that this will happen sometime in December, just in time for the government to kick the can further.


Brian Walters

Macro Challenge's curator insight, October 21, 2013 6:35 PM

Public opinion is actually pretty divided over when the Fed will start the taper. Regardless, though, investors' expectations will probably affect their decisions and therefore have an impact on the economy.

 

-Katie

Gucci's Gold Capital's curator insight, October 23, 2013 9:22 AM

This is interesting because it constrasts the article Casey scooped, which said Fed Tapering would happen in March. I think December might be too soon for us to ease up on Quantitative Easing. After the government shutdown cutting off the money flowing into the economy might be more stressful than it usually is.