Quarterly Economic Outlook: Q3/2016
The “Brexit” caused market swoon on Wall Street turned out to be a nasty 5.3% two day dive (S&P 500) that was all but reversed in the next 4 trading sessions. The reason was clear early on – despite forecasts of immediate worldwide economic doom and gloom, the non-binding referendum was mostly a political statement […]
An Overview of Brexit
The Reaction of the European Bourses On June 14th, the FTSE closed at 5923.50. On June 15th, the world’s major bourses began their run-up in anticipation that “remain” would win in the U.K. referendum. The FTSE rose 7% from its June 14th level until June 23rd (to 6338.10), the day of the referendum. The day […]
If You Build It, They Won’t Come: Opinion
It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.– Charles Darwin I am often asked: “When do you think the economy will return to normal?” My response: If by “normal” you mean what we had from the 1980s to 2008 — the “if […]