More government shutdown humor compiled by the folks at Bloomberg.
What? No mention of the Panda Cam shutdown. That seems to pop up everywhere else.
In a CNBC interview earlier today, President Obama laments the nation’s budget woes, noting “I am exasperated with the idea that unless I say to 20 million people you can’t have health insurance, these folks will not reopen the government. That is irresponsible.”
In this accompanying story, not once is the debt ceiling mentioned.
You’d think that everyone, including the President, would be focusing in on that issue, given that the end of the world is potentially only two weeks away.
Wall St. Fears Go Beyond Shutdown – NY Times
Debt ceiling: Countdown to default – CNN/Money
Why many Republicans have no reason to deal – Politico
The Tea Party Rewrites the Shutdown Narrative – Fiscal Times
US shutdown ‘risk to global economy’, says Draghi – Telegraph
Mounting Wall Street fears of US default – Financial Times
Obama ‘exasperated’ over shutdown, warns we’re ‘in trouble’ – NBC News
Shutdown Spectacle: ‘America Is Already Politically Bankrupt’ – Spiegel
Steve Jobs Never Worried About the Debt Ceiling – Baum, Bloomberg
Pentagon’s $5.5 Billion Dollar Shutdown Spending Spree – Fiscal Times
Financial Watchdog With Bite to Depart His Agency – DealBook
Our Oil Problems are Not Over! – Our Finite World
The Loss of U.S. Pre-eminence – NY Times
Futures weighed down by government shutdown – AP
Gridlock raises fear of lengthy US shutdown – CNBC
Wall Street wonders if Obama wants a selloff – Net Net
Pimco’s Gross: Low interest rates may persist for decades – Reuters
Dollar Seen as Shutdown Loser as Growth Hit Spurs QE – Bloomberg
Treasury Says Money Managers Pose ‘Herding’ Threat – Bloomberg
Gold drops on U.S. govt shutdown uncertainty, low demand – Reuters
“Rick Rule: Leveraged Gold Longs Are Heading To The Sidelines” – BMT
Gold trading or gold hoarding – which will win out? – Mineweb
What in the World Happened to Gold and Silver Prices Tuesday? – Barron’s
Golden Gut Check 2013 – USA Gold
Labor Department ‘creates’ 469,000 jobs – NY Post
These are America’s disappearing jobs – MarketWatch
Learning the Wrong Lessons About Austerity – NY Times
Additional confirmation of flawed jobless claims reports – Sober Look
German private sector expansion signals solid growth in Q3 – RTE News
China Services Index Increases in Sign of Sustained Rebound – Bloomberg
China, Indonesia ink deals worth US$28b during Xi’s visit – CNA
UK Recovery picks up speed on strong services report – Telegraph
U.S. Government Shutdown Threatening Housing Recovery – Bloomberg
‘Vampire’ foreclosures are keeping bank inventory high – MarketWatch
Fed’s Rosengren: If Economy Falters, Fed May Have to Do More – WSJ
Obama: Fed chair will prevent asset bubbles, focus on jobs – Reuters
Taper Scorecard: What Fed Officials Are Saying – WSJ
Given that, up until last weekend, most Americans either weren’t paying attention to what was going on in Washington regarding a government shutdown or had become conditioned to think a last minute deal would get done, it’s not surprising to see Gallup’s measure of Economic Confidence falling sharply now per this story today and as shown below.
What is surprising is that independent voters are showing the least concern (as indicated by the smallest decline in the lower panel above). A big drop for Democrats and half that move for Republicans seems to make sense, but what’s up with the Independents?
Maybe they’re still not paying attention yet or, more likely, they’ve just completely tuned out news from the nation’s capital in utter disgust of what is going on.