The current President is establishing a very impressive record of shutting things down such as economic growth momentum in the USA and China and therefore Europe and Japan and ...., and such as reforms momentum in fiscal policy, immigration policy, in regulation of the financial system coming close to also weigh in on the Fed's independence, in shutting down momentum on trade reform, climate change and Middle East peace process. Is it that bad? This is about the time when populist politicians in a democracy start to need a lot of good luck but with only 2 years and counting the tilt has already moved against.
How The US Government Shutdown Affects Data Releases
According to the economic schedule, we are supposed to get the release of key housing data tomorrow, including housing starts, building permits and existing home sales. However, we will only be getting the last of those, because of the government shutdown. The closure of some US government departments due to running out of money from budget appropriations has thrown the economic calendar in disarray, which naturally will make investors nervous given the lack of information. But itís not all data releases that have been affected, and this has made tracking US economic data (and fundamental analysis) a lot more ... (full story)