By Sung Won Sohn The global financial tsunami has begun. The United Kingdom’s vote to split from the European Union marks the first divorce in EU history, so there is no precedent to estimate the magnitude of economic pain in store for the U.K., the EU or the rest of the world. Most likely it Read More →
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“You say you want a revolution Well, you know, we all want to change the world” — John Lennon My verdict on the so-called “Brexit” vote is that in a globalized world dominated by central bankers, it is far more profitable to sing about a revolution than to actually foment one. Less than a week Read More →
Brexit has become a crisis with a long tail and more than a twinge of buyers’ remorse. As Sung Won Sohn of CSU Channel Islands pointed out in comments to the Business Times, the narrow EU exit vote victory was a boost for populism in the U.S. and elsewhere. It could lead to the disintegration Read More →