Thursday Folly – Watching Our GDP Fade Away


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Check this chart out:

This is just the impact of the first 3 weeks of a Government shut-down as $300M a day is drained out of our economy and the net effect snowballs over time.  By the end of the next 3 weeks, we'd pretty much be moving into negative GDP numbers for Q4.  It's not unprecedented, the last Government shutdown (1995) lasted a month.  

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Of course, this chart assumes we don't have any natural disasters (our warning and response centers are closed) health crises (skeleton crews at the CDC) or terror attacks (CIA says kiss your ass goodbye) while America is held hostage by the GOP.  Head Start is closed (which provides day care to working families), the NHI can't treat kids with cancer, food assistance is blocked – it's a Republican paradise actually – what motivation do they have for letting the Government get back to work?  

Oddly enough, the GOP is now claiming they didn't WANT to shut down the Government (a 90% disapproval rating can do that to you), the Democrats MADE them do it.  But here's a show from 9/24 in which they proudly PLAN to shut down the Government.  I don't mean to pick on the crooks, theives and liars in the GOP in discussing this issue and I promise that as soon as the Democrats do something that's evil or threatens our economy or subverts the Constitution or takes our political process hostage or blatantly lies about things they saild less than 10 days ago – I'll be all over them too!  

It's not me, it's GOP Rep Pete Sessions who clearly stated:


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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: EconomicsPre-Market OutlookMarkets