California surpasses the UK to become the World’s 5th largest economy…

It shows the massive size of the US economy that one State alone has just overtaken the UK to become the World’s 5th largest economy. As reported by NBC NEWS: California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK’s economic output slightly shrunk over that time when …

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We can already see a post-Brexit economy emerging. It’s grim.

Here’s a confusing financial press headline from today: German 10-year sovereign bond yields turn negative for first time. What does that mean in plain English: it means traders are so worried about what the UK economy would look like post-Brexit, they’re pulling their money out of the UK, and actually paying the German government to let them lend it money. Read that sentence again to realise how deep the fear is. You’ve heard the scaremongering. This is what the reality …

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