Goldman Sees 50% Chance Of A Government Shutdown

Friday, August 18, 2017
By Paul Martin

by Tyler Durden
Aug 18, 2017

As we pointed out earlier, the chances of government agreeing any kind of debt ceiling deal (and avoiding a government shutdown) is dropping fast as USA default risk spikes and the Treasury Bill curve inverts. Goldman Sachs is now concerned also…

Uncertainty in The White House is starting to make investors realize the chance of successfully navigating the debt ceiling crisis without a government shutdown are dwindling…

Low approval ratings raise legislative risks.

In the near term, we believe there is a 50% chance of a brief government shutdown, as the president seeks to solidify support among his base by embracing more controversial positions, despite needing Democratic support to pass spending legislation.

That said, we expect that the debt limit, which needs to be raised around the same time, will prevent a longer shutdown from occurring.

The Rest…HERE

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