Sunday, June 26, 2016

Brian Romanchuk — Brexit - A Cautious Panic

Calm down, this is not happening overnight, says Brian.
For those of us outside the United Kingdom, the "Leave" victory in the referendum is not enough to cause worries about the real economy. We have entered the thin summer market period, so some form of financial turbulence is likely, but until some defaults occur it is not going to matter for non-levered investors. For the U.K., the most likely outcome is going to be an extremely long period of technical negotiations, which will eventually be pushed out of the news cycle by news about the Royal Family and football.
Bond Economics
Brexit - A Cautious Panic
Brian Romanchuk

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