The Distillery: Default deal perks

Jotters consider the potential for US default, but one says markets will bounce and the Australian dollar will fall when a deal is inevitably reached.

It’s almost a week after the US government shutdown began and business commentators are taking time to reflect on its broader implications. The most obvious consideration is the potential for default in coming weeks, which jotters say would have brutal consequences. One scribe, however, looks closely at the repercussions closer to home and explains why our exporters will be far from amused with last week’s developments.

Elsewhere, the Leighton Holdings scandal continues to drum up interest, questions are asked about a ceiling for our sharemarket and the infrastructure plans of Tony Abbott are in the spotlight.

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