Monday, June 27, 2016

Financial Fridays: 
What the ‘Brexit’ Means!
James Altucher presents an FAQ on the Brexit .. Question: Is this bad for the United States? - "No, it’s great for the United States. For the next five years, British companies and the UK are going to be negotiating all sorts of trade issues: tariffs, taxes, etc. Meanwhile, nothing at all changes for the U.S.. So U.S. companies will take advantage of the chaos. There’s really nothing else to say here. Oh wait, one more thing: the EU will probably try to stimulate the impoverished economies within the EU now that there is one less backstop to do it. There’s basically only Germany left as the only major economic power in the EU. For once, the U.S. doesn’t have to bail anyone out. It’s all up to Germany." .. other questions: Is this bad for the UK? What does a Brexit actually mean? Will this lead to Scotland & Ireland leaving the UK and other countries leaving the EU?
LINK HERE to the article

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