The Government Shutdown Looms: A Q&A On What Happens Next (And Who Stays At Home)
by Tyler Durden
ZeroHedge.com
09/29/2013
With a government’s October 1 shut down – temporary of course – now seemingly inevitable, and more importantly with the peak debt ceiling negotiations due in just about a week after which point the Treasury will run out of money, many wonder what comes next. That this is happening just two short years after the dramatic August 2011 debt ceiling impasse, when the market tumbled 20% and likely slowed economic growth is still fresh in everyone’s mind, is hardly helping matters. Add a potential political crisis in Greece and Italy, and suddenly a whole lot of unexpected variables have to be “priced in.”
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