US May Enter Recession As Soon As This Quarter Due To Extended Shutdown

Tuesday, January 15, 2019
By Paul Martin

by Tyler Durden
Tue, 01/15/2019

Ahead of the government shutdown in December, one bank after another – desperate to defend their bullish takes on the economy – predicted that the government shutdown would barely have an adverse impact on the US economy. However, now that the shutdown has entered its 25th day, extending the longest shutdown on record…

… it appears that economists are starting to change their mind, and now none other than the Trump administration itself now estimates that the cost of the government shutdown will be twice as steep as originally forecast.

The Rest…HERE

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