Larry's Blog
The Last U.S. Federal Government Shutdown
March 29, 2011
A budgetary impasse between democrats and republicans caused the suspension of non-essential federal services during November 14-19, 1995 and from December 16, 1995 to January 6, 1996. The U.S. economy was growing then at a very similar pace to now. GDP advanced 2.8% at an annualized rate in both the final quarter of 1995 and […] More
New Overnight Developments Abroad - Daily Update
Lower Share Prices
March 29, 2011
Stocks are down 0.8% in Germany, 0.6% in France, and 0.3% in Britain. Earlier, equity markets lost 1.0% in China, 0.3% in Indonesia, and 0.2% in Japan but climbed 0.9% in India, 0.8% in South Korea and 0.5% in Australia. The dollar rose 0.3% against the yen and Swiss franc, a sign of greater risk […] More
