Ed Smith: Should investors be worried by the US shutdown?

The US government was shut down on Friday night after the Senate failed to agree a deal to fund it. There is set to be another vote later today on a plan to re-open the government but Democrat Senate leader Chuck Schumer says there is no deal yet. There are, however, reasons to believe investors should not get too panicked - for one thing, it is important to remember financial markets hardly reacted at the last two shutdowns in 1995/96 and 2013. In 1995, with Bill Clinton in the White House but the Republicans controlling Congress, politicians used the debt ceiling in a game of brinkm...