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U.K. AIMS FOR “NEW ARRANGEMENT”

“It is said that those who voted Leave were mainly driven by anxieties about immigration. I do not believe that is so. After meeting thousands of people … I can tell you that the number one issue was control – a sense that British democracy was being undermined by the...

GDP REVISED UP, BUT PRICES REVISED DOWN

“We will ensure the cherry-picking principle won’t apply in the negotiations.  There must be — and there will be — a palpable difference between a country that wants to be part of the European Union and one that doesn’t.” –  German Chancellor, Angela...

SMASHING! U.K. VOTES TO LEAVE, AND WE AGREE

 “There will be very big consequences and we need to think our way through those carefully.  But there is no point in hiding it: for me this a very, very sad day.” –  Tony Blair, former U.K. Prime Minister, 6/24/16 FAST FACTS ABOUT TODAY’S ECONOMIC DATA:...

GASOLINE TAKES SHARE AGAIN

“The excess supply in the market is likely to ease over the coming quarters [resulting in] a more balanced oil market toward the end of the year.” – Excerpt from OPEC report, released 6/13/16 FAST FACTS ABOUT TODAY’S ECONOMIC DATA: U.S. Retail Sales up +0.45%...

CHINA DATA CONFIRM FURTHER SLOWING

“China continues to suffer from capital flight and has been depleting its foreign currency reserves while other Asian countries have been accumulating foreign currency.” – George Soros, Founder of Soros Fund Management LLC, 6/9/16 FAST FACTS ABOUT TODAY’S...
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