The Pound is Why Britain Will Survive Brexit
Comedian/civics instructor John Oliver has devoted a couple of segments to the dire effects to come, while Lindsay Lohan made her “Remain” case on Twitter. More conventional economic thinkers have outlined their disagreement with Brexit results, and economist Tim Hardford sounds downright heartbroken on a recent episode of NPR’s Planet Money podcast.
Economist Intelligence Unit’s Alex White predicts a serious economic slowdown in the U.K. next year.
The markets, meanwhile, are jumping all over the place. The Dow Jones Industrial Average dropped about 900 points in the two days following the Brexit vote, only to rebound more than 500 points Tuesday and Wednesday. The Stoxx Europe 600 is up almost 3%, after a few disastrous days, while London’s FTSE gained 4% after dropping ...