Is the government shutdown doing more harm than good?

Natalie Waits

CNN Money

“Stock Markets await U.S debt, shutdown solution”

By: Gregory Wallace

Stock markets await U.S debt, shutdown and solution

                As stock markets wait for their solution from Washington the fact that it is week 2 of the government shut down is not helping.  October 17^th in the deadline that Jack Lew (Treasury Secretary) warned could bring a U.S default.  Last week, markets soared on the hopes of a potential deal to avoid the debt ceiling and reopen the partially-shuttered federal government.  The government shut down is affecting the stocks and our debt rate.  It’s not just the U.S markets that are watching this closely either.  International Monetay Fund head reported in an interview with CNN that the government shut down will affect banks worldwide. 

                The Dow gained 1% last week, they got a 320-point jump on Thursday, the index’s largest point gain since December of 2011.  The S&P 500 also gained close to 1%, while the Nasdaq slipped a little.  As stated in the opening paragraph, this government shut down is going to affect banks worldwide.  “They are very anxious to see this crisis resolved, because they know it’s going to impact their economy.”  Those words were spoken by International Monetary Fund head Christine Lagarde.  I had no idea that this government could affect other things worldwide.  This government shut down just is not helping anybody.  I saw the saddest picture on the internet of a kid dresses up and wanting to go to the zoo, but could not because of the government shut down.  This needs to end soon.              

                It is as simple as this Record profits? Stock slides.  Loss? Stock up.  This is what people pay close attention to but have not been able to due to the government shut down causing the report not to be created.  The stocks and other banks worldwide are being affected by this shutdown, so why are we doing it? Is it going to do us more harm than good?