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It's Not The Event That Matters But The Response To The Event
Brexit looked like the end of the world -- until people figured out that central banks would have to ease in response. Then markets turned positively jubilant with US stocks, for example, hitting record highs. The result: A world of mounting debts, weekly terrorist attacks and even military coup attempts alongside financial assets priced for perfection. Wonder which side is right?
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By John Rubino
4.6
1111 ratings
Brexit looked like the end of the world -- until people figured out that central banks would have to ease in response. Then markets turned positively jubilant with US stocks, for example, hitting record highs. The result: A world of mounting debts, weekly terrorist attacks and even military coup attempts alongside financial assets priced for perfection. Wonder which side is right?