Friday, June 24, 2016

Post Brexit Fed

British voters have decided to leave the Eurozone.

Markets in disarray today. Down sharply on the open.

Bonds rally, yields historically low.

People have been saying that the U.S. Federal reserve "is itching to raise rates".

I doubt they will be 'itching' so much now.

It is easy to draw parallels between the "Leave" movement in Britain and the Donald Trump campaign in the U.S., with Trumps xenophobia and protectionism much the same as the Brexit.

Greenspan on CNBC this morning with a very gloomy view of world economies.

So who thinks the Fed will be in a hurry to raise interest rates before the U.S. election?

Not I.

Control risk,


No comments:

Post a Comment

All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh