25 June 2016

Brexit

I am not a British citizen nor resident of the British isles. This morning, on the radio, a reporter from the BBC was trying to get a soundbite from the folks at Brompton bikes. And it came out not in the way the reporter imagined. The Brompton bikes folks actually said that the Brexit had weakened the pound and business will increase!

Meanwhile, Abe has a massive headache. Abenomics is based on a devalued yen. Now, the yen has become a safe haven for funds and the yen has strengthened, thus weakening Japanese exports and Japanese manufacturing.

I guess there is unintended comedy in the midst of the Brexit maelstrom.

As in all crisis, there are always opportunities, be it shares, commodities or bonds or even... sales! Yes, buy British!

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