Most Governments Should Shut Down
When there’s no clear date for the government to open again, the market does something funny.
It rallies.
Not because it’s cheering dysfunction, but because time without deadlines is bullish.
A shutdown with no date to reopen means:
No fresh economic data.
No policy decisions that can tighten financial conditions.
No visible catalyst for fear.
In that vacuum, the only thing left to trade is liquidity—and liquidity moves forward.
Rise