Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts

Tuesday, June 28, 2016

Summers: Brexit worst shock since WWII; banks out of ammo

Arianna Huffington"s Secret To Success | How I Made It | CNBC Make It. The British vote to leave the European Union is the worst political misstep in Europe since World War II, former Clinton Treasury Secretary Larry Summers said Tuesday. The EU won"t crumble, but it becomes a "less sound experiment" without the influence of the United Kingdom, he argued. The fallout of Thursday"s referendum could send...
Continue Reading ..

Another post-Brexit slump on Wall Street seen

Sky News LiveThe British pound is down in the water on Brexit, but billionaire investor Wilbur Ross sees a buying opportunity. "I bought some pounds on Friday," he told CNBC. "I may very well buy some more pounds today." George Soros, the billionaire who famously bet against the pound in 1992, did not speculate against sterling just ahead of Britain"s vote to leave the European Union but he did profit from other...
Continue Reading ..

Friday, June 24, 2016

Markets just got a hard lesson in humility, Jim Grant says

Governor’s comments on Brexit on CNBC TV18 It"s time for financial markets across the globe to eat a big slice of humble pie, Jim Grant said Friday after the shocking result from the United Kingdom referendum on European Union membership. "It"s a great day for humility," Grant, the founder and editor of Grant"s Interest Rate Observer, told CNBC"s "Squawk Box." Financial markets across the globe tumbled...
Continue Reading ..