What is the Economic Impact of the US Government Shutdown and German Coalition?
In this short video we comment the main events of the week.
The US has seen 18 government shutdowns since 1976 -the last one in 2013-, lasting an average of 7 days. Impact on the broad economy was -and likely will be-inexistent.
A German coalition strengthens the Euro project even if it is a weak and fragile… However, a strong Euro puts inflation expectations and earnings estimates at risk.
Daniel Lacalle is Chief Economist at Tressis, SV a PhD in Economics and author of Life In The Financial Markets, The Energy World Is Flat (Wiley) and Escape from the Central Bank Trap (BEP)