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Mervyn King on Brexit lessons for political elites
Former Bank of England Governor Mervyn King talks about the need for the ‘political elite’ to reconnect with citizens following the U.K.’s decision to leave the European Union. Here is a direct video link.
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Majority votes and the urge to cherry pick democracy
As self-serving status quo pundits spew more hyperbolic nonsense about the ‘catastrophic’ costs of Brexit, why the yes vote should not be implemented, why the majority did not really understand what they were voting for, or how the margin of … Continue reading
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Brexit: excuse-du-jour for overvalued assets
The S&P 500 is breaking below 2000 this morning for the first time since it bounced last March. The excuse-du-jour is Brexit. The reality is obscene overvaluations and record leverage, are always a train wreck waiting to happen. It’s just … Continue reading
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