woensdag 25 oktober 2017

More European elections to the rescue

Nick Hubble 24.10.17

The endless free coffee at the casino certainly has its parallels to the financial world. Central banks today are currently providing that free coffee to the banking system – low interest rates and asset purchases keep the financial markets “stimulated”, longer and longer into the night. How will the revelry end? Not well.If you believe the papers, it looks like the Brexit negotiations aren’t going to make it in time. Of course, time is a relative thing. There’s talk it’ll be easier to extend the two-year deadline under Article 50 than negotiate a transition before March 2019. Which exposes that the two-year…