How fucked up is the world economy going to be in the aftermath of the gun-to-its-own-head British state careering somnolently toward the nihilist culmination of Brexit a couple of weeks from now? The United States is particularly entwined with the fate of the financial instruments purveyed in the City, London's clearinghouse for global financial transactions. I have no idea if the markets have priced in the cost of disconnecting Britain from the global economy already. Even so, a jolt should be expected shortly, to the unhappy isle and associated parts of the wider world.
March 12, 2019
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