June 28, 2016

Meat of the Matter: After the Brexit

The aftermath of the United Kingdom’s historic vote last week to leave the European Union has created a tsunami of reactions and results. The British pound plunged to its lowest level since 1985, The New York Times reported, as “investors fled risky assets” in favor the dollar and the yen.  “Global markets are on a wild descent,” the newspaper reported. “Investors gaped at this major refashioning of the global landscape and decided it looked perilous – or at least so pockmarked with uncertainty that they preferred to pull their money out of riskier corners.” Like the stock market.  Read More

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