The news has focused on what happens if Britain leaves the EU. But what happens if they remain? Among other things, the pound could jump by 6% against the dollar, according to Ben Moshinsky of the Business Insider. He covers the range of possibilities. For those who find the barrage of news stories on the Brexit overwhelming, CNN offers a streamlined non-Brits guide to the referendum. Here in the US, households have changed their approach to saving versus spending, which may slow economic growth for some time. Liz Ann Sonders analyzes the trend for Advisor Perspectives.
Here Is What Will Happen On Friday If Britain Votes To Remain In The EU– Leading up to the vote, more attention has been given to apocalyptic market scenarios in the event of a Brexit than to what would happen if the UK votes to stay in the EU. This article summarizes some possibilities. Read more…
The Non-Brits Guide To Brexit– The European Union is arguably the world’s most powerful union. And the Brexit referendum is the biggest decision Brits have faced in a generation. So, you can guess why there’s such wailing and gnashing of teeth about this week’s monumental vote. But if you haven’t been paying attention, no worries. Here’s everything you need to know to become an insta-pundit. Read more…
Beast Of Burden (No More): Households Choosing Savings Over Debt– The disposition of both borrowers and lenders regarding debt changed markedly during and in the aftermath of the financial crisis. And regardless of the efforts of the Federal Reserve, it’s unlikely a major new expansion of private sector debt is coming. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller