In case you might have missed the show, Mike McCormick joined Tom Egelhoff last Saturday on "Open for Business" for a discussion on the debt ceiling, government shutdown, how the markets will react and what that means to your bank account.
It's day 4 of the government shutdown and the stock market is showing signs that a deal may be in the works. To be sure, this is a concern for the economy. But the reality that the US elected officials are incapable is hardly news anymore. The exception to this would be if the debt ceiling were included in the hostage negotiations. If that happens, run for cover. Not even Dave Ramsay can protect you then.
Ben Bernanke has decided that the economy is not strong enough for the Fed to start to remove itself from tampering with our capital markets. Most analysts and investors thought it was time to take the training wheels off
We’ve experienced recessions, depressions, housing slumps, gas lines, currency devaluation and more over the past 150 years. One doesn’t need a crystal ball to know that history will certainly repeat itself.
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