Government Shutdown Resolved — BUT Another Crisis Hits in December & January

"The bill is expected to be voted on sometime this week, most likely tomorrow on Wednesday, and it is expected to pass because they just need a simple majority in the House of Representatives to get it through."

"The deal was that they're going to take a vote on this by the second week of December."

"Well, they're saying that the votes on extending the Obamacare subsidies that they're going to do, it is expected to fail in the Senate."

"And then what do you think is going to happen when January 30th rolls around? The Republicans and Democrats are going to be butting heads again. And there then there's the real possibility of another government shutdown just 2 and 1/2 months from now."

"Now, I just want you to think about that because if they go through another government shutdown starting on January 30th, then it's not going to be during peak travel season and then well, if they don't have that motivator, then it could end up being worse than this one."

"And the inflation report, I mean, that was supposed to be released this week, but it is expected to be delayed."

"So, I'm just saying this because if there's another threat of a government shutdown at the end of January, then well, at least if you go according to the stats, you can expect the same thing. Minimal impact. So don't let another possible shutdown scare, you know, rattle you out as an investor."

"I'm just saying that if the stock market does go down around that time frame, then it's probably for other reasons besides the government shutdown scare."

"A recent report by Ernston Young is saying that this shutdown will reduce Q4's GDP by 0.8%. And that's equivalent to approximately $55 billion in lost output."

"If GDP is lower, then that gives more reason for the Federal Reserve to blast the money printer on and cut interest rates even more aggressively."