What Will a Gov't Shutdown Mean for the Market?

[alevin]

Re: IF Gov. shuts down what will the market do? Poll

Let's see, the Pres., Joint Chiefs of Staff, etc. other "essential employees" as defined-they will stay on the job, their blackberries wont be turned off. again, "essential employees" will continue working and get paid. all others will be required to stay home and not work until called back.

 

[Scout333]

Re: IF Gov. shuts down what will the market do? Poll

Let's see, the Pres., Joint Chiefs of Staff, etc. other "essential employees" as defined-they will stay on the job, their blackberries wont be turned off. again, "essential employees" will continue working and get paid. all others will be required to stay home and not work until called back.

Just read a short blurp that Reps and Dems are close to an agreement for a 2 week extension. Would delay closing for a short while.

 

[Scout333]

Re: IF Gov. shuts down what will the market do? Poll

If there is a shutdown, can you take leave during it and still get paid?

Last shutdown they did not allow leave to be taken. Makes sense if you think about it. They don't have money to pay us since we don't have a budget. If they could pay us we would be working.

 

[nasa1974]

Re: IF Gov. shuts down what will the market do? Poll

The last shutdown I do not remember anything about leave. We were told to apply for unemployment and wait to get called back. The budget passed and we all got paid for the time off. This time if we shutdown I would not think Congress will pay us for the time off. Huge money savings. Just my opinion.

 

[Mcqlives]

Re: IF Gov. shuts down what will the market do? Poll

Issue about not getting compensated for pay during any furlough days concerns me as I am one of those "essential" workers (1811). (At least they called us "essential" during the 90's shutdown.) OH well, maybe we all should become day-traders!

 

[Steadygain]

Re: IF Gov. shuts down what will the market do? Poll

Well I believe I can say with the greatest confidence that 'If the MARKETS would take a brief dive off a high cliff'....

It won't have anything to do with a government 'shut-down'. :cheesy:

The MARKETS have settled in very cozy with the idea that millions and millions will remain either unemployed or under employed.


But as I told my kids over the weekend: 'The gap between those who live paycheck to paycheck and those who don't will likely stand out a lot more in the months to come. Global changes may push up the price of GAS.'

 

[FAB1]

Re: IF Gov. shuts down what will the market do? Poll

I voted UP

With Government outta the way Capitilism should thrive!

 

[Steadygain]

Re: IF Gov. shuts down what will the market do? Poll

I voted UP

With Government outta the way Capitilism should thrive!

WOW!!!! That's extremely well put.

I totally agree !!!

Nevermind my other comment

 

[Silverbird]

Re: IF Gov. shuts down what will the market do? Poll

Issue about not getting compensated for pay during any furlough days concerns me as I am one of those "essential" workers (1811). (At least they called us "essential" during the 90's shutdown.) OH well, maybe we all should become day-traders!

That was the issue last time - they are obligated to pay people who have to work. The problem was, it would cost more to sort out who worked and who was on furlough (partially because the decision is on an agency by agency basis) than it would cost to pay everyone.

 

[James48843]

Re: IF Gov. shuts down what will the market do? Poll

A very good writeup in Federal Times about what happens when a government shutdown occurs. I will not post any excerpts of it here due to my feelings about Federal Times and their anti-human being overly agressive copywrite pursuit policies-

but I'll give you this link- just add http:// to the front end of it.

federaltimes.com/article/20110228/AGENCY01/102280301/1001

and you'll have some good information.