E95 - Mike Edwards: Prepare for A Shutdown Later This Year

This part of the Summer used to be a slow period for news and events. But that’s certainly not the reality this year when it comes to economics, markets, foreign affairs, and politics. A case point is the looming prospect of a U.S. government shutdown this Fall that is already increasing the tension in the air around the beltway. Weiss’s Mike Edwards joins G3 to provide his political assessment on whether or not a shutdown is likely to occur. He also weighs in on the potential economic consequences of a shutdown and addresses G3”s questions regarding ongoing congressional support for Ukraine and how China may be viewing the latest chapter of Washington’s game of fiscal chicken.Please check important disclosures at the end of this episode.Timestamps:Why is Mike convinced that a U.S. Government shutdown is likely going to happen, and what factors could delay it until December? [1:30]Why might members of the Freedom Caucus opt to vote against the budget bill, even if it includes some meaningful cuts? [9:53]Is Mike worried that the U.S. government is poised for a so-called "Minsky Moment"? [14:23]How could a government shutdown impact the markets and our economic growth? [20:00]How might China’s leadership perceive America's annual game of fiscal chicken? [29:40]<br/>Resources:Hastert RuleLet’s Hope Churchill Was Wrong Minsky Moment<br/>Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.