Closedown Trickle-down — Large and Small Businesses Feel the Squeeze (Bloomberg)
As the U.S. government shutdown enters its 11th day, it is starting to affect more than just the food trucks that line the streets of D.C. at lunch time. Businesses of all sizes are starting to feel the pinch as orders requiring U.S. government-approved paperwork remain unfulfilled. A perfect example is the states’ Federal Aviation Administration’s aircraft registration office. It’s closed, meaning orders from companies as large as Airbus to as small as Dassault Aviation SA out of Italy remain unfulfilled. So, in addition to more and more jet-less consumers, you also have investors left hanging in the air.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: