Bank of England raises rates

Maybe BREXIT wasn’t such a great idea after all



Brexit was done for a few reasons but chief among them was bigotry. The rules out of Brussels were a pretext.

The UK will probably do much better in the longer run with an industrial policy.

Now though I am realizing the EU will have some sort of hybrid industrial policy with their needed capital policies. That is interesting for us because the US is 30 years behind the EU in the economic cycle and that hybrid model will be telling for us later.