shutdown

CBS This Morning: Economic Impact of Government Shutdown

As the partial government shutdown enters day 33, I joined CBS This Morning to discuss the economics of the shutdown. The stalemate over President Trump's border wall funding means 800,000 federal workers will miss their second paycheck on Friday.

Have a money question? Email me here.

Shutdown V3.0 Ushers in NASDAQ Bear

Shutdown V3.0 Ushers in NASDAQ Bear

Welcome to the third government shutdown of 2018! Did you forget about the first two? In January, there was a three-day closure, and then in February, there was the one-day sequel. In both of those instances, investors shrugged off the news and stocks actually edged up during those days-long shutdowns.

Why Don’t Investors Care About a Shutdown?

Why Don’t Investors Care About a Shutdown?

The Dow closed above 26000 and the NASDAQ finally topped its inflation adjusted high
last week, begging the question: Why don’t investors care about a government
shutdown? The answer may be that they don’t care about lots of risks that exist, but
more specifically, previous periods when Congressional impasses have lead to Uncle
Sam shuttering some of its operations, have not spelled Armageddon for stocks.