Goldman Sachs on why you should be rooting for a shutdown

[antigop]

http://www.businessinsider.com/goldman-sachs-nails-it-on-why-you-should-want-to-see-a-government-shut-down-2013-9

Goldman Sachs' Alec Phillips nails it in a new note to clients today. You should want to see a government shutdown in Washington:

It would be a mistake to interpret a shutdown as implying a greater risk of a debt limit crisis, in our view. It would not be surprising to see a more negative market reaction to a shutdown than would be warranted by the modest macroeconomic effect it would have. We suspect that many market participants would interpret a shutdown as implying a greater risk of problems in raising the debt limit. This is not unreasonable, but we would see it differently. If a shutdown is avoided, it is likely to be because congressional Republicans have opted to wait and push for policy concessions on the debt limit instead. By contrast, if a shutdown occurs, we would be surprised if congressional Republicans would want to risk another difficult situation only a couple of weeks later. The upshot is that while a shutdown would be unnecessarily disruptive, it might actually ease passage of a debt limit increase.

Bottom line, as we argued earlier this week: A brief government shutdown is not that big of a deal. But a debt ceiling breach could be a catastrophe. A shutdown makes the latter less likely to happen. So pray for that.

[elehhhhna]

1. so a shutdown that would affect GS would be bad but this one's okay.

[mbperrin]

2. Ah -HA!

Surely you don't think GS thinks only of themselves?

[elehhhhna]

4. hey! they got a partner to fuck and marry Rafael Ted Bundy Cruz!

Talk about taking one for the team.

Bet she get paid large.

[unhappycamper]

3. .