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	<title>US Shutdown &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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		<title>Fiscal Cliff, Sequester, Shutdown: What Next?</title>
		<link>https://richesflores.com/2013/10/18/fiscal-cliff-sequester-shutdown-what-next/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 18 Oct 2013 15:34:21 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[US Shutdown]]></category>
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					<description><![CDATA[The latest showdown in Washington raises a whole host of questions and conjectures about what will come after the agreement struck yesterday by the U.S. Senate. A closer look at the most crucial issues involved is therefore in order. It is a tendency inherent in the lingering crisis that has bedeviled the advanced economies for over five years now, and it introduces a new kind of risk—unpredictable, uncontrollable risk with the potential to wreak havoc. 

From Political Farce to Economic Instability

Viewing the federal government shutdown of the past two weeks as political farce may help mitigate the gnawing anxiety over how large a threat it represented to the world economy. In fact, however, this most recent tug-of-war has thrown a new quandary into bold relief: the economy is increasingly at the mercy of politics at its very worst. In other words, our economic future may be shaped by partisan wrangling, even of the most ludicrous variety. This is not just an umpteenth American specialty, either. ]]></description>
		
		
		
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