Will threat of government shutdown push dollar down, PM's up?
CaptHenway
Posts: 32,145 ✭✭✭✭✭
Without getting into the politics of the situation, will the mere threat of a government shutdown at the end of September negatively affect the dollar to the benefit of PM's?
Obviously this is all opinion and speculation, so both are welcome.
Obviously this is all opinion and speculation, so both are welcome.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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<< <i>Without getting into the politics of the situation, will the mere threat of a government shutdown at the end of September negatively affect the dollar to the benefit of PM's?
Obviously this is all opinion and speculation, so both are welcome. >>
Bad news usually benefits PM's but these so called government shutdowns have become so frequent that I don't think most people take them seriously.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Knowledge is the enemy of fear
<< <i>Silver down about $20.00 per roll on eBay this morning.
>>
Rolls of what? ASE's?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Referencing 4 year old threads like they have a smidgence of relative content? Really? >>
Was this very same question not asked 4 years ago?
Perhaps relative has a different meaning in the "hood"?
Knowledge is the enemy of fear
Even if there was a shutdown, they would all still manage to get paid, and probably get paid extra for all the "duress".
I can't think of a government agency or department that's even been slowed down in the past 25 years. Maybe it's just my memory, or lack thereof.
Oh, except for keeping veterans away from their war memorials, which probably didn't save 30 seconds of interest on the debt.
That being the case, I'd say that PMs won't react to the threat of a government shutdown. A non-starter.
OTOH,
If actual essential functions of the govt shut down for at least 3 days (not just the "non-essential" staff), then we'd have something to speculate about.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
At some point in time I would expect our politicians to pass an automatic debt extension bill to prevent all future occurrences.
<< <i>
<< <i>Referencing 4 year old threads like they have a smidgence of relative content? Really? >>
Was this very same question not asked 4 years ago?
Perhaps relative has a different meaning in the "hood"? >>
It's the people who suffer with these shutdowns, as I recall. Weren't there non essential functions of government which got shut down ?
Like you can't go to the National Parks, or such. The last time this was "a threat" to us, politicians found a way to punish the masses, not themselves.
Not that it hurt me; not going to a national park. A place that mostly benefits foreign tourists, more than our own people The Native Americans.
I live in the international brotherhood,.. at the street level of humanity. And we will always have the poor.
But now we get into philosophical thoughts, not necessarily economic.
So long as the majority stays dumbed down, this system is working fine.