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Britain Stuns the World
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<blockquote data-quote="cheryl" data-source="post: 2239440" data-attributes="member: 1"><p><a href="http://www.edelmanfinancial.com/pages/market-update/june-24-2016" target="_blank"><strong>The Impact of Brexit: What it Means for You - Ric Edelman</strong></a></p><p><a href="http://www.edelmanfinancial.com/pages/market-update/june-24-2016" target="_blank"></a></p><p>You might recall my analogy of the driver approaching an intersection with 4-way stop signs. With traffic coming from all directions, cyclists on the road, pedestrians in the crosswalk and kids tossing a ball near the corner, the best thing for the driver to do is…nothing. Sit tight, wait for the confusion to calm down, and soon enough you’ll be able to proceed safely through the intersection, with no adverse impact other than perhaps a slight delay before continuing on toward your destination.</p><p></p><p>The British vote brings us to such an intersection. There is no question that the vote’s biggest impact will be on the British themselves and, secondarily, on the rest of the EU. It is too early to say what the impact will be on the United States (quite frankly, it’s arguable that the impact will be favorable; mortgage rates have dropped as a result of the vote, creating a new – and possibly temporary – refinance opportunity). So until clarity emerges, it’s best not to do anything rash.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2239440, member: 1"] [URL='http://www.edelmanfinancial.com/pages/market-update/june-24-2016'][B]The Impact of Brexit: What it Means for You - Ric Edelman[/B] [B][/B][/URL] You might recall my analogy of the driver approaching an intersection with 4-way stop signs. With traffic coming from all directions, cyclists on the road, pedestrians in the crosswalk and kids tossing a ball near the corner, the best thing for the driver to do is…nothing. Sit tight, wait for the confusion to calm down, and soon enough you’ll be able to proceed safely through the intersection, with no adverse impact other than perhaps a slight delay before continuing on toward your destination. The British vote brings us to such an intersection. There is no question that the vote’s biggest impact will be on the British themselves and, secondarily, on the rest of the EU. It is too early to say what the impact will be on the United States (quite frankly, it’s arguable that the impact will be favorable; mortgage rates have dropped as a result of the vote, creating a new – and possibly temporary – refinance opportunity). So until clarity emerges, it’s best not to do anything rash. [B][/B] [/QUOTE]
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