The Impending Government Shutdown: Understanding the Economic Implications.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 29 2025
0mins
Source: Barron's
Impact of Government Shutdowns: Government shutdowns typically do not cause significant long-term damage to the U.S. economy.
Potential Effects on Growth and Policy: The current congressional deadlock over spending could still influence economic growth and monetary policy decisions.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 944.590
Low
604.00
Averages
848.09
High
1048
Current: 944.590
Low
604.00
Averages
848.09
High
1048
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Goldman’s Response: CEO David Solomon praised Ruemmler as an 'excellent lawyer' and expressed respect for her decision to resign, indicating the firm's cautious approach to the situation and underscoring the importance of its legal team.
- Gift Controversy: After leaving the White House, Ruemmler accepted luxury gifts from Epstein, including designer handbags and a fur coat, which are viewed as potential conflicts of interest on Wall Street, intensifying public scrutiny surrounding her resignation.
See More
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- Resignation Reason: Goldman Sachs' top lawyer Kathy Ruemmler resigns due to her close ties with the late financier Jeffrey Epstein, highlighting significant challenges the firm faces in legal compliance.
- Legal Risks: Ruemmler's departure may trigger further scrutiny of Goldman Sachs regarding legal and reputational risks, especially following the exposure of her relationship with Epstein, potentially impacting investor confidence.
- Management Changes: This incident marks a significant shift in Goldman Sachs' management, which may lead the company to reassess its legal and compliance strategies in response to external pressures and internal governance issues.
- Market Reaction: Goldman Sachs' stock price may experience negative impacts due to this resignation, as investor concerns over corporate governance and compliance could intensify, thereby affecting its market performance.
See More
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- Resignation Announcement: Goldman Sachs Chief Legal Officer Kathryn Ruemmler announced her resignation effective June 30, 2026, following the release of emails detailing her interactions with notorious sex offender Jeffrey Epstein, indicating mounting pressure on the firm regarding legal and reputational management.
- Legal Responsibilities: In her statement, Ruemmler emphasized her duty to prioritize Goldman Sachs' interests, yet her connections to Epstein have raised public and regulatory scrutiny, potentially leading to long-term reputational damage for the firm.
- Executive Praise: Goldman CEO David Solomon praised Ruemmler's contributions during her tenure, highlighting her exceptional performance on various significant legal matters; however, this incident may intensify scrutiny on the firm's legal compliance practices.
- Industry Impact: Ruemmler's resignation follows a wave of high-profile departures linked to Epstein, reflecting the financial sector's acute sensitivity to reputational risks and potentially prompting other firms to reassess the backgrounds and associations of their executives.
See More
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- Market Performance Comparison: In contrast to the GRNY ETF, the SPDR Dow Jones Industrial Average ETF has increased by 3.46% year-to-date and 12.08% over the past 52 weeks, showcasing the relative strength of Dow components, which may impact investor confidence in GRNY.
See More
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Investor Sentiment: Despite initial negative reactions, institutional investors viewed the price dip as an opportunity to acquire shares at a discount, signaling confidence in the company's long-term growth potential and operational stability.
Strategic Expansion: IREN has secured a $3.6 billion credit facility to fund its expansion into graphics processing units (GPUs) and announced the acquisition of a 1.6 GW data center campus in Oklahoma, diversifying its operations and securing its physical future.
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See More
