Bonus Quote of the Day: No Bluffing on Brexit? maybe… – Private Wealth Advisors

Friday, August 16, 2019

Bonus Quote of the Day: No Bluffing on Brexit? maybe…

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

Stocks spiked to the highs they’re presently holding this morning on this headline:

“GERMANY READY FOR DEFICIT SPENDING IF RECESSION HITS” SPIEGEL

Hmm…. thinking about my earlier post regarding Germany encouraging the rest of the EU to allow the UK to crash out without a trade deal — while indeed Germany’s economy is presently not something to write home about — this very well could be Merkel and co. positioning for that outcome.

Again, if we’re looking at a hard Brexit, we’re looking at some serious market (and economic) volatility. Germany clearly gets that…

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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