Brexit

“The U.K.’s highest court ruled Boris Johnson’s decision to suspend parliament for five weeks was ‘unlawful.’” – by Annabelle Dickson

“While Westminster has been distracted by Johnson’s charge toward an election, the profound implications of the London-Dublin fault-line — particularly for Northern Ireland — are slowly beginning to surface.” – by  Naomi O’Leary

“The dollar’s influence on global financial conditions could similarly decline if a financial architecture developed around the new ‘Synthetic Hegemonic Currency’ and it displaced the dollar’s dominance in credit markets. By reducing the influence of the US on the global financial cycle, this would help reduce the volatility of capital flows to emerging market economies.” […]

“Boris Johnson has been elected new Conservative leader in a ballot of party members and will become the next UK prime minister.” – by Laura Kuenssberg

“A No Deal outcome would result in an immediate, material reduction in the supply capacity of the UK economy as well as a negative shock to demand. There is little monetary policy can do to offset the former. A major negative supply shock is extremely unusual in advanced economies – the last one was the […]

“Plant set to keep trading but outlook is clouded by deep-rooted problems.”- by Michael Pooler, Andy Bounds and Chris Tighe

“Theresa May has finally lost control of Brexit after her deal was once again defeated in parliament by a huge margin on a catastrophic night for her plans.” – by Joe Watts

We are nearly 20 years into the new millennium and it is an unrecognizable place compared to when it started.  Lehman is gone, Bear Stearns – gone, Merrill Lynch – acquired, Citigroup is a fraction of its former self.  Blockbuster, Toys R Us, Woolworths are all part of the history books now.  Europe, where we […]

“The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.” – by Jon Stone

“There’s nothing new in high-profile projects hitting problems, but it’s hard to dismiss the feeling right now that they are symptomatic of a struggling industry.”