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AP News: "The countdown begins: Britain to start EU exit on March 29" The markets are already factoring this in, dude. But that could be hard to see if you do
by threepipeproblm 10y ago
AP News: "The countdown begins: Britain to start EU exit on March 29"
The markets are already factoring this in, dude. But that could be hard to see if you don't believe that markets embed any reliable information.
- ptaipale 10y agoExactly. Of course the markets only factor in what they understand, and sometimes they get it wrong. But the relevant thing about it is that the market is betting in the real, hard money it trades with, not political punditry which is where the disaster is being pronounced.