Author Archives: Menzie Chinn

The Pound, 4AM London Time

As assessed probability of Brexit rises, the pound falls.

gbp_usd_brexit

USD per Pound, last 5 days, as of 4AM London time. Source: Bloomberg.

Pound is down 9.29% against USD since London close (5PM local).

Drumpfarmageddon, Tabulated

Heretofore, I’ve approached in a piecemeal manner the assessment of the impact of massive tax cuts for the wealthy, building a really, really great wall, a final solution for the presence of undocumented immigrants, and the imposition a 45% tariff on Chinese imports. Moody’s Mark Zandi et al. have now done the hard work of trying to figure out what the macro impacts would be to implementing Mr. Trump’s agenda.

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