Now the Brexit vote is over, the sterling will suffer yet another blow. With the Leave vote winning, we have seen a sudden loss of confidence in the Pound.
So whoever wins the election on Saturday inherits an economic time bomb. That they don’t know it doesn’t make it less so.
The real question now after the EU Referendum, not just for the UK but the financial markets as well, is how to construct the exit plan.
Quality stocks can’t keep you insulated from crashes. But they do rise again after periods of negative volatility. This makes any market turbulence an opportunity for investors.
The Brexit has caused havoc across continental Europe. Financial markets are shocked. But this isn’t a time to panic.
Last week, Jim and I explained to subscribers of Strategic Intelligence and Currency Wars Trader that the Brexit polls were wrong.
Right now, China officially does not have enough gold to have a ‘seat at the table’ with other world leaders. Think of global politics as a game of Texas Hold’em. What do you want in a poker game? You want a big pile of chips.
Contrary to what you might think, we didn’t once touch on China’s credit quality and growing debt issues. You see, Chinese tend to look at very different indicators than IMF economists.
Is George Soros gunning for the pound again? Maybe. Or, maybe he’s going for a proverbial bigger fish — the euro.
Europe’s annual inflation rate came in for May at MINUS 0.1%. This is being heralded as ‘an easing of deflationary concerns’. What BS.