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Moody's estimate the cost of the shutdown at $23BN and half a point of GDP growth in the 4th quarter
Moody's estimate the cost of the shutdown at $23BN and half a point of GDP growth in the 4th quarter. Direct effects of the shutdown include lost hours work and disruptions in productivity, whilst indirect effects include lower private sector activity, transportation, commercial activity. On the the debt ceiling deal Moody's says it seems to be creating the space for a grand bargain... which is what the country needs... a true bipartisan negotiation to address long term fiscal issues.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
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