To: Jeffrey EpsteinUeevacationagmaiLcomj
From: Laurie Cameron
Sent Fri 9/27/2013 6:16:16 PM
Subject Ball goes back to the House
As you have probably seen, the Senate just passed legislation 54-44 to keep the
govt funded through Nov 15 stripping out language which wld "de-fund"
Obamacare.
Now it is up to the House Republicans to pass this bill to avoid a shutdown. So
the ball is back in the House and the responsibility is theirs now to hopefully
agree to the Senate's bill or counter with another bill of their own. The
pressure is on the House Republicans to keep the economy from going over a
cliff and having a shut down which could cause a layoff of 800k jobs and
eventually reduce GDP by approx 1.4% (according to Bloomberg).
This is positive news for risk as the blame for a shutdown is narrowing.
I have reduced AUD exposure slightly and have order on to buy more gbp and
nzd at lower levels just to reduce risk into next week. I have not shut down
short USD puts/Currency calls as the realized loss would be close to $45ok if I
do that right now.
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