The Distillery: Shutdown buy-in?

Jotters put the US government shutdown in its broader context with one arguing it’s not all bad for markets.

People said it wouldn’t happen. That Congress would come to its senses before the September 30 deadline. Indeed, commentators largely assumed that no politician would want a shutdown of the US government on their head. They were wrong, but the consequences might not be quite as bad as it would seem on the surface, according to one scribe. And with all the bluster in Washington, there’s almost uniform agreement that the RBA was wise to take a wait-and-see approach at yesterday’s monthly board meeting.

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