In first day of U.S. shutdown, no sign how it will endI think this impasse is more serious than the markets are interpreting it, and if it drags on till Oct 17th, being the date when the debt ceiling would need to be raised, there will surely be a 'correction' of crash proportions.
That might be a buying opportunity.
(As an aside, the Republicans are quite right, the Affordable Health Care Plan is certainly not affordable, just like our crappy NHI. Socialism simply does not work - witness Europe. With socialism, come election time, political parties fall over themselves/outdo each other to please and appease the masses without giving any thought as to the consequences of taking on more and more debt, burdening entrepreneurs (the damn capitalists), with higher taxes and more red tape, while pandering to the masses in order to get their uninformed votes. It's called populism.
You know, capitalists have a tough time, they borrow funds - money - to start some venture. Then they need to be able to pay the interest on their borrowings. The risks to success are huge, costs need to be controlled - yes labour is a bloody fixed cost, fixed meaning you can't control it - the socialists don't fully grasp this, they also don't realise that, by nature, everyone is a capitalist.)
Rant over.
Will wait to see how the 'shutdown' plays out before making any purchase decisions.
