But the U.S. government shutdown will not only diminish growth domestically. As the largest economy in the world, American imports are a major driving force of other nations’ GDP.
David Einhorn's Greenlight Capital returned -2.9% in the second quarter of 2021 compared to 8.5% for the S&P 500. According to a copy of the fund's letter, which ValueWalk has reviewed, longs contributed 5.2% in the quarter while short positions detracted 4.6%. Q2 2021 hedge fund letters, conferences and more Macro positions detracted 3.3% from Read More
A survey conducted by Global Sources asked Chinese exporters how the U.S. government shutdown has and will in the future affect their businesses. 43% of those surveyed reported having already had their orders reduced. The best plan of action to cope with the impacts of the shutdown seems to be “wait and see”.
Via Floating Path