- Britain’s economic crisis is a warning to the world.
- It is also a sign of a failed fiscal orthodoxy.
- Leaving EU membership has little to do with it.
Falling exchange rate and rising bond yields are the typical characteristics of a financial crisis in an emerging market. Those who never forgave the UK for its decision to leave the EU like to remind us of this fact right now. But an emerging market crisis doesn’t even begin to capture what is going on. It is a macro financial crisis story, EU...
https://mfame.guru/britains-economic-crisis-rings-an-alarm-for-the-world/