As reported moments ago:
Remember when opponents were saying an exit by Britain from the European Union (EU) i.e. “Brexit” last month would be harmful to the world economy, including the U.S., because of interdependence, etc., etc? Pressure by the usual suspects was put on the British public to oppose Brexit. The naysayers were not saying bump, but long term harm.
‘Brexit’ Could Harm Global Economy, Says BOE (WSJ)
“Through financial market and confidence channels, there are also risks of adverse spillovers to the global economy” if Britons vote in favor of a British exit, or “Brexit,” the BOE said.
Brexit could spread shockwaves through global economy, says OECD (The Guardian)
Britain’s departure from the EU poses as big a threat to the global economy as a “hard landing” in China, the Organisation for Economic Cooperation and Development has said.
Here Are The Most Absurd Liberal Reactions To Brexit (Daily Caller)
As it turns out the negative effect was a mere bump of uncertainty, quickly dissipated as today the DOW Industrials and S&P closed at record highs. We understand that today’s stock market levels are the result of artificially low interest rates — where else are you going to put your money for a decent return? But the British public in choosing to rebel against the stifling bureaucracy and choking regulations of the EU, have hopefully inspired the rest of the world to take off the shackles causing high unemployment. The U.S. stock market is apparently not worried about a worldwide recession caused by Brexit. We think more of the same elixir for the rest of the world would work economic wonders. R Mall
