I’ve read a few nerdy Neuro-linguistic programming (NLP) books in my day and one of my best acknowledgments of the communication discipline is the relationship between small chunkers and big chunkers (ah, this has nothing to do with your body size).
People have different ways of digesting and giving information. Big chunkers want the highlights, the executive summary or the coles notes. Small chunkers like the specific itty-bitty details. Communication between a small and big chunker can be frusterating …
Hey small chunker, how was your weekend?
Oh em gee. It was amazing. On Friday night, I had dinner with my friends Dave and Marisa and we ate …. On Saturday morning I went to a Bikram hot yoga class, it was a tough one! Then that afternoon I went to the driving range before stopping in at the office …(oh boy). Big chunker, how was your weekend?
It was great.
I received some constructive criticism last week from a client of mine saying that while he loves my Word on the Street, he finds it “too long”. He is most certainly a big chunker, while I am clearly a small chunker.
So, this week I am going to make my best attempt at big chunking what you need to know about the US Government Shutdown (now in it’s 4th day).
On October 1st, the U.S. government was forced to implement a partial shutdown of its operations due to a lack of funding from Congress (and arguments over the spending bill).
Presently, the shutdown is limited to non-essential services but affects over 800,000 employees. This current occurrence is getting a tad too much media attention – there have been 17 government shutdowns since 1977, ranging from 3 to 21 days.
If the shutdown lasts a week, it will translate to a modest ~0.1% reduction in annualized Q4 GDP growth; we expect any impact on Q4 GDP to be fully reversed in the first quarter of 2014. Any market concern that stems from this is likely to be as temporary as most previous shutdowns; past episodes saw markets rebound into positive territory over subsequent months.
Enjoy the weekend.
Investment & Wealth Advisor
Chaaban Wealth Management Group