Government Shutdown
The longest government shutdown in U.S. history might soon be winding down, and while a lot of attention has rightfully been focused on lapses in SNAP benefits and air traffic control staffing, a real estate dimension has been quietly flying under the radar: flood insurance. Several decades ago, the private market wasn’t offering much in…
By Jonathan MillerSpecial Contributor Takeways Data blackouts like the one caused by the performative federal government shutdown will “slow down” the time it takes the Fed to cut rates. Fed Chair Powell clearly made that point [last week], noting that a December rate cut was no longer a sure thing. Right now, that cut has a 65% chance, down from near-certainty…
By Kelly PerkinsSpecial Contributor, Novēm Wealth So we have a government shutdown. While there is a lot of finger-pointing and angry rhetoric, it’s really not much to be worried about. The markets are not reflecting any concerns. Historically, markets don’t react to government shutdowns and, in fact, typically do quite well after they are resolved. Our…
For the most part, Texas is doing OK during U.S. government shut down, but it still is hitting the state’s most vulnerable citizens the hardest, according to a recent report on the states most and least affected by the 2019 shut down. The report, compiled by analysts at WalletHub, compared all 50 states plus the…
By Lydia Blair Special Contributor In case you’ve been out of touch lately, we’re experiencing a federal government shutdown. The U.S. government doesn’t shut down too often. But when it does, there is a ripple effect. Some areas feel the effects more than others. We shouldn’t feel it too much in the title business unless…
