Marketplace for Friday, October 11, 2013
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Investors worldwide are selling their short-term government debt out of fear of a U.S. default. Why that could be disastrous. Meanwhile, there's been some colorful language used to describe the government shutdown. We take a look at the verbiage. Plus, refinancing has changed the way people buy and sell homes, but how is it affecting everyone in the long term? Also, why Safeway bowing out of the Windy City, how leaders in Silicon Valley are trying to increase diversity, and why not everyone’s thrilled about the idea of Chinese developers funding the rebuilding efforts for Britain’s Crystal Palace. And we wrap up the week with our Weekly Wrap.
Posted In: Weekly Wrap
The Weekly Wrap takes a look at the continued government shutdown and what's ahead in the debt ceiling talks.
Posted In: Treasuries
Some financial institutions, worried they might not get their money back if the Treasury defaults on its debt, are selling their short term government debt. This presents risks to the financial system and to the economy.
Posted In: federal government, government shutdown 2013
So many metaphors have been used to describe the government shutdown. Do they help at all?
Posted In: chairman of the federal reserve
Approaching the zero lower bound, some might say.