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The Brexit recession no longer looks so certain
Thursday, July 21, 2016 13:06
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Brexit apparently wasn't what it was cracked up to be.
Rather than the major disruptive factor to the global economy and financial markets that was expected, the decision by Britons to exit theEuropean Union has had a decidedly muted effect.
Consider:
Stock averages in the U.S. have notched a string of record closes, and commodity, currency and bond markets all have returned to a sense of relative calm following the sharp reaction that immediately followed the vote. Moreover, about 1 in 6 new hedge funds that opened in the second quarter were focusing on opportunities in Europe …. http://www.cnbc.com
Source: http://luismmx.blogspot.com/2016/07/the-brexit-recession-no-longer-looks-so.html
