Why Brexit Hasn't Battered Big BanksVW Staff
Karen Shaw Petrou memorandum to the Federal Financial Analytics clients on why brexit hasn't battered big banks.
TO: Federal Financial Analytics Clients
FROM: Karen Shaw Petrou
DATE: June 24, 2016
Why Brexit Hasn't Battered Big Banks
There are two types of train wrecks – fiery crashes sparked by careening locomotives and slow-mo ones in which trains go off the tracks one by one with far less harm to life and limb. One doesn’t want to be in either, but slow-mo beats the alternative. So far, Brexit is a slow-mo macroeconomic wreck, which only seems good . . .
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