On the US government shutdown

Today's commentary
Summary: It isn't yet clear how long the US government shutdown will last or what impact the shutdown will have. Nor is it clear that the US will escape a debt default down the road. Therefore, at this time all that reigns is uncertainty.

I have avoided commenting extensively on the US government shutdown because it really isn't clear what impact it has had or will have because we don't know how long it will last. The situation is not about economics but politics and ideology, making it extremely difficult to predict what is going to occur. I would like to think there is not going to be a debt default but the unpredictable nature of things makes this just a hope more than a conviction. On the whole, I see this as avoidable confrontation that makes plain how polarized...


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