Shutdown

U.S. Govt Shutdown Not Debt Crunch… But Mess Can Spread Fast

WASHINGTON | By Pablo Pardo | What is the difference between the current fiscal crisis and government shutdown and an eventual U.S. default after Oct. 17th? The same between a “disruptive” event and a “major macro systemic event”. Think of the 1929 Crash or the 1973 oil shock.