USA in Shutdown mode
By t_coffee_or_me •
They are giving away millions in aid to other countries. I thought charity started at home.
They are giving away millions in aid to other countries. I thought charity started at home.
And you know more than the Secretary General of the Organization for Economic Development and Cooperation:
“The current political deadlock in the United States is needlessly putting at risk the stability and growth not only of the U.S. but also the world economy,” Angel Gurria said in a statement.
“This comes at a time when a fragile recovery in advanced economies was under way, and when a number of emerging economies were already facing new risks.”
“If the debt ceiling is not raised – or, better still, abolished – our calculations suggest that the OECD region as a whole will be pushed back into recession next year, and emerging economies will experience a sharp slowdown.”
Really, Drsam? You think this could be good for emerging economies?
You must know more than the World Bak President:
World Bank President Jim Yong Kim added his voice to a chorus of experts warning about the impact of the stalemate, saying on Wednesday that even the threat of a U.S. default could hurt emerging markets and the world's most vulnerable people.
"We're very concerned. Because right now there's so many headwinds as it is for emerging markets and the developing world, that kind of impact really could be devastating," Kim told CNN.
http://my.chicagotribune.com/#section/-1/article/p2p-77729056/
don't really care about the us shutdown, the 800k employees in technical joblessness, the debt ceiling on the 16th, or that the shutdown would trigger a deeper recession than 2008's.
personaly i would love to see inflation rise worldwide, as the value of the dollar decreases; this can make external debt more bearable to emerging economies.
And let's not even think about a failure to resolve the debt ceiling issue might do to the value of the Qatari Riyal, or the Indian Rupee.
fubar...that's the funny part...they don't realize that...yet.
They are giving away millions but they make sure they get a lot more millions back for what they have given away. Take Iraq for example
Let the shutdown continue and see what it does to the Gulf Currencies that are pegged to the US dollar.
The people here who love to criticise the USA, and are amused by what's happening, will start to realise that they are being negatively impacted by it too.
8 more days.. I hope and wish they come to normal mode soon. It is the life of innocents under trial.