Bye-Bye Britain

brexit_1The Friday File: Shockingly, the UK voted to exit the EU. Sterling has touched levels last seen in 1985. Visit London!! Impacts here will be negative; GDP will be clipped by two-tenths of a percentage point through mid/late 2017, bond yields will fall, exports will suffer, and the Fed surely won’t raise rates before November! Europe must focus on avoiding a recession. This will take years to fully play out.

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  1. That’s a knowing answer to a dilficuft question

  2. Sometimes the cost of divorce only becomes evident when it’s too late. There is much to play out including petitions for another referendum. With the LEAVE camp admitting it lied about benefits, there will be more than a few havIng regrets about the outcome…

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