Tuesday, June 28, 2016

Winterspeak — Brexit and markets

Note that all of this [market madness] has no connection to the UK and EU. Individual countries, particularly those as large as the UK, can survive perfectly well whether they are part of a broader agreement or not. Canada and the US trade is a good model for the UK and the EU.
The economic prospects for the UK depends on how well it can stimulate it's economy, through deficit spending, and return to something closer to full employment. That will probably help make the national mood there more generous as well.
Brexit and markets

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