Where the Money Is 10.17.13

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4.6 • 854 Ratings

🗓️ 17 October 2013

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Quarterly earnings: Useful or Wasteful? Motley Fool analysts David Hanson and Morgan Housel take a look at Thursday’s top headlines and search Twitter for some hidden insights.

Transcript

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0:00.0	The government shutdown is over for now.
0:03.0	You're in the right place folks because this is where the money is.
0:09.0	Welcome to the show folks.
0:10.0	I am David Hanson joined by fool one analyst Morgan housel
0:14.2	thanks for being back Morgan.
0:15.4	Thanks for having me.
0:16.3	Our first headline of the day, what else could it be?
0:19.0	Gotta go with the government shutdown.
0:20.7	And it is from the Washington Post.
0:22.2	It is just simply government reopens. government
0:24.0	reopens.
0:25.0	Morgan was there just a reparable damage from this that the economy is never going to recover from it.
0:29.0	It will recover from it but there's definitely damage from it so there are two estimates about
0:33.7	how much the shutdown costs the economy one from a firm called macroeconomic
0:38.9	advisor says it's about 12 billion dollars is what the 16-day shut cost.
0:43.2	It's pretty big.
0:43.8	The other one is from S&P.
0:45.0	They used a little more comprehensive model.
0:46.5	They think it costs about $24 billion,
0:48.8	which I did the math this morning.
0:49.9	It's about a million dollars a minute.
0:51.6	And that the government was shut down that it costs the
	...

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