Goldman Sachs Sees 50% Chance of Shutdown

[grantcart]

Source: CNBC

President Donald Trump's popularity is falling due to his controversial comments about the white supremacist rally in Charlottesville, Virginia.

That will have negative implications for the administration's agenda this year, according to a Goldman Sachs economist.

The firm cited Trump's poll approval ratings, which fell to 37 percent on average this week versus 38 percent in July.

"Presidential approval continues to decline, and is the lowest for any first-term president in his first year in office," economist Alec Phillips wrote in a note to clients Friday. "Low approval ratings raise legislative risks. In the near term, we believe there is a 50% chance of a brief government shutdown, as the president seeks to solidify support among his base by embracing more controversial positions."



Read more: https://www.cnbc.com/2017/08/18/goldman-there-is-a-50-percent-chance-of-a-government-shutdown.html

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This will destroy a lot of businesses, including mine.

[ffr]

1. Businesses are being advised to consider it, due to tRump's "good shutdown"

Sept. 30, 2017 -- The three elephants in the room.
https://www.democraticunderground.com/111681008

How's the experiment in tRump working out for you now, Joe and Jane tRump voter?

[BigmanPigman]

2. When the government shutdown down under Clinton everyone thought that it would

be a positive thing for the Repubs but it back fired. Ordinary people were losing money and they were pissed off at the GOP.

[progressoid]

3. Assholes

[sandensea]

8. The cretins are probably shorting the market as we speak.

They make money going up; but even more coming down.

[Auggie]

4. Sept 29: Is this when the stock market tanks?

According to the link, The U.S. Treasury has said Congress needs to raise the debt ceiling by Sept. 29 ... failure to pass a spending bill could force a government shutdown. I could see investors getting spooked by this.

Oh ... and October follows September. Usually an interesting month for investment, you know?

[Honeycombe8]

6. It's already tanking. It started tanking a couple of days ago.

Possibility of all-out crash if things keep spiraling out of control.

[Auggie]

10. Losses of a few days do not constitute a "tank"

[RandomAccess]

5. Without revealing any personal or identifying info -

I'd be really interested to know what sort of business you're in. Really sorry to hear a shutdown would do that -- would love to hear more.

[Skittles]

7. Trump will do whatever causes the most drama

he doesn't give a damn about America

[NickB79]

9. What's the risk of a fullblown default?

Now that would be something to see.

[lastlib]

12. Debt ceiling increase is an issue for Congress post-recess....

They have until Sept. 30th to get it done. Given this Congress' legislative record, default is a better-than-even probability, I think. It will be something I'd rather NOT see, personally, but I don't think tRump and the GOPhers have the stuff to stop it.

[Lanius]

11. And all these Wall Street goons were so excited about the election of a "pro-business" president!

Too funny that they're now realizing how much of a disaster Drumpf is.

[JustABozoOnThisBus]

15. He's doing ok as a "pro-Trump-business" president.

Renting golf carts to Secret Service, big business.

[Hieronymus]

14. Congress is stuck with Trump ..

most won't admit he's a fool or worse.