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Can The Government Shutdown Really Drive GDP To Zero?Here's how long it would take for the shutdown to drive Trump's beloved economy into the ground. How long would it take for obstruction/resistance to drive Trump’s economy into the ground? It’s the plan PutinsPuppet
Source: Forbes - 🏆 394. / 53 Read more »
Government shutdown poses a risk to GDP, says Deutsche Bank economistThe ongoing government shutdown is on its 25th day. With about 800,000 federal workers going without a paycheck, what potential impact does this have on GDP? Deutsche Bank's Brett Ryan weighs in: why do we need 800k federal workers It’s a timing issue. No politics, just look at the dollars. $5 billion to build a wall. The federal government is estimated to spend $4.5 trillion this fiscal year. That’s 0.11 percent of the total budget. Why aren’t people getting paychecks again?
Source: CNBC - 🏆 12. / 72 Read more »
Jamie Dimon says shutdown could reduce economic growth to zero this quarter if it continuesThe ongoing government shutdown is bad for the economy, according to JP Morgan CEO Jamie Dimon. 'Someone estimated that if it goes on for the whole quarter, it can reduce growth to zero.' so, let’s take the market higher! That's the point. Wake up y'all. Trump and McConnell are traitors. Dysfunctional system. Better trying to sell US democracy to the world, sort out huge national debts & governments shutdowns that affects ordinary people.
Source: CNBC - 🏆 12. / 72 Read more »