By voting to flee the European Union, the Brits shocked the world … but only because the world wasn’t paying attention. Now comes the day after Brexit, and it promises to be worse than the event itself.
As the second largest member of the PIIGS pack, Spain was much reviled. But the country has rebounded despite anti-austerity bloviating. So much for Keynesian doomsaying …
Argentina is emerging from years of corruption, lost freedoms, debt and economic fascism. American voters should take note of what happens when even a slim majority decide they have had enough and choose change.
Despite much hand-wringing in the media, the economy is turning up again. While the Fed seems out of touch with economic data, China has emerged as the only adult in the room.
Central banks around the world have thrown everything at the economy. Unconventional monetary measures, quantitative easing, near-zero interest rates and yet … here we are. The plan has failed. Welcome to Japan 2.0.
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