Fallout from Britain’s vote

Britain’s vote to leave the European Union (EU) caught the world by surprise. Since the vote, stock market volatility has increased dramatically—a predictable result because stock markets don’t like uncertainty.  Similarly, interest rates have declined—just as dramatically—because investors seek the safe haven of U.S. Treasury bonds during uncertain times.  With lower rates at home, spillover

British shock and what it means

In a referendum held June 23rd, British voters expressed their will to exit the European Union.  The European Union (or EU) is a confederation of member countries that created a common economic area with laws allowing trade and people to move freely. The initial market reaction to the referendum was dramatic across the globe. This