Executive Summary 1. Trade wars, geopolitics, and the fate of the yuan. Beneath the trade-war back-and-forth is a stark reality: the era of Chinas massive accumulation of foreign exchange reserves is ending, and in coming years, Chinas currency is likely headed for a significant decline. Saber rattling goes on as Read more…
On Tuesday, 118 members of British Prime Minister Teresa May’s Conservative Party broke ranks and voted against her proposed deal for the UK to leave the European Union. The deal was defeated 432 to 202, showcasing the profound dissatisfaction that UK lawmakers feel for the deal as it stands — Read more…
Where Brexit Stands, and Where It May Go From Here On October 4, we provided a brief summary of the Brexit negotiations — the talks between the UK and the European Union over how the UK will depart the EU, following a referendum of its citizens in 2016. Brexit fears Read more…
In June, 2016, voters in the UK delivered one of that year’s big political surprises. Against the predictions of pollsters and pundits, they voted, by a narrow margin, to leave the European Union (EU). It was one of a series of big surprises that humbled analysts around the world who Read more…
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