What Will a Gov't Shutdown Mean for the Market?
POLL
Without getting into the political aspects of this, and the sobering fact that this could have an impact on the lives of many of our members:
What will a Gov't shutdown mean for the Stock Market?
Re: What Will a Gov't Shutdown Mean for the Market?
I've wondered that myself. I suppose it depends on how freaking contentious the whole thing gets. But besides how the market might react, what about our ability to move funds in TSP?
Re: What Will a Gov't Shutdown Mean for the Market?
Quote:
Originally Posted by
coolhand
But besides how the market might react, what about our ability to move funds in TSP?
I didn't even think of that. :eek:
The market does tend to like gridlock in Washington, and that would be the positive, but that may not help us if the TSP is closed.
Re: What Will a Gov't Shutdown Mean for the Market?
Looks like you need a contingency plan. ;)
Quote:
Originally Posted by
tsptalk
I didn't even think of that. :eek:
The market does tend to like gridlock in Washington, and that would be the positive, but that may not help us if the TSP is closed.
Re: What Will a Gov't Shutdown Mean for the Market?
When will we know if the TSP will be open if there is a shutdown, nothing on the stupid website we are paying for. :mad:
Re: What Will a Gov't Shutdown Mean for the Market?
I'm calling to find out!:blink:
Miss Brandy says they are NOT affected by the shutdown!
Re: What Will a Gov't Shutdown Mean for the Market?
The public will take it as a savings to the tax payers but don't know it may be a overall loss because goverment employees get backpay, contractors get paid because of contracts and there is more overtime than normal to catch up the backlog of work. They should just give everyone a two week layoff with unemployments benifits like factories do for summer shut downs, instead of vacations, to save the two week payroll.
Re: What Will a Gov't Shutdown Mean for the Market?
Quote:
Originally Posted by
Frixxxx
I'm calling to find out!:blink:
Miss Brandy says they are NOT affected by the shutdown!
Good. They should still notify us by the website.
Re: What Will a Gov't Shutdown Mean for the Market?
A government shutdown means the people working the Lincoln m
Memorial and other sites will be staying home. The rest will be working, right? Just the rumor I read this morning.
Re: What Will a Gov't Shutdown Mean for the Market?
Quote:
Originally Posted by
FAB1
Good. They should still notify us by the website.
Wow, that's what I told them!
She said it would since call volumes increased for that question!
We'll see!:cool:
Re: What Will a Gov't Shutdown Mean for the Market?
Those who actually answer the phones at the call center are no longer Federal employees. They used to be, until it was contracted out under the prior President .
Those answering the phones today at TSP are contractor emplpoyees, and the contract runs year to year.
A shutdown should not affect the ability to move money around in the TSP.
(No special knowledge- just my thoughts on the subject).
Re: What Will a Gov't Shutdown Mean for the Market?
Quote:
Originally Posted by
James48843
Those who actually answer the phones at the call center are no longer Federal employees. They used to be, until it was contracted out under the prior President .
Those answering the phones today at TSP are contractor emplpoyees, and the contract runs year to year.
A shutdown should not affect the ability to move money around in the TSP.
(No special knowledge- just my thoughts on the subject).
James thats one of the most sensible things I have ever seen you post.
And thats a compliment. Really