On Monday, the Dow finished down 4.6 percent, the biggest decline in percentage terms since August 2011, when investors were fretting
over Europe's
debt crisis and the
debt ceiling impasse in Washington that prompted a U.S. credit rating downgrade.
Analysts at First Data Corporation say that consumers began spending significantly more toward the end of the month, after the U.S. government was reopened and the
impasse over the federal
debt ceiling was temporarily resolved.
Ultimately, in an
impasse, each side fears losing something: In disputes
over Gun Control, it is losing more innocent lives vs. losing personal safety and protection; in disputes
over Immigration Reform, it is losing talented people and necessary social contributions of immigrants vs. losing potential American jobs; in disputes
over the
Debt Ceiling / Fiscal Cliff, it is losing on - going social programs vs. losing tax money to excessive interest payments; and, in disputes
over Certification for Mediators, it is losing quality control for consumers vs. losing personal / professional autonomy to future regulators.