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Albert Edwards Voted ‘Leave’ (And Why You Should Always Call On The Guy With The Shaggy Beard Wearing The Anorak)
I've made the bearish vol point several times in the last couple of months, but I fear it's going to fall even further than I anticipated. Now that Brexit has been delayed, what's going to trigger excitement in G10 FX any time soon? There's no obvious option unless you believe trade wars will escalate significantly.
That's from Bloomberg's Mark Cudmore and if you read the rest of the short post from which it's excerpted, you'll find references to the Fed minutes, the ECB and lackluster (but n
Brexit has hit the UK- Edwards has to admit that the British currency slid- lowering the standard of living right off the bat. His commentary on Brexit shows that often large knowledge can be supplanted by lack of wisdom. He does not even address or care about the idea that opportunity is being closed off for British youth to work in the EU or that London is losing its luster as a financial capital. It also does not answer what will happen politically in Northern Ireland or Scotland where Brexit might split Great Britain up. Finally Britain has now spent 3 years on this folly and has ignored its other challenges as a result. I will not be listening much to Albert Edwards.