U.S. Government Shutdown Cost 0.6% in GDP, economists estimate (Reuters)
Standard & Poor’s economists estimate that the total costs of the shutdown will add up to $24 billion, or 0.6%, of estimated U.S. gross domestic product (GDP), compared to if the government had remained opened. Costs will hit three areas: government spending that didn’t occur, private transactions that did not occur absent required government services, and lost consumer confidence heading into the major holiday shopping season. “The ongoing government shutdown was a significant factor in [a drop in consumer sentiment], and unfavorable references to government economic policy were mentioned spontaneously by 35 percent of consumers, a new all-time high,” according to economists at Barclays.
When looking to invest in the S&P 500, SPX and SPY options are similar assets…
An index option is a contract that gives the buyer the right, but not the…
“There’s more wisdom in your book than four years of college education!” -- Subscriber Back…
There is a famous saying that has been floating around the internet regarding the “Five…
Today is May 1, a day that’s also known as “May Day” in many countries…
Ten reasons to day-trade with mentors in a virtual room highlight why now is a…