I set out to provide useful information for investors with an ongoing comparison of different fact based analysis published on Brexit issues. However, as the debate has progressed, all independent fact based economic analysis published has warned on a recession, rising interest rates, currency depreciation, falling economic growth and loss of the dominance of the City of London as a financial hub for Europe if Britain votes for Brexit.
Notwithstanding these warnings Brexiteers have some valid arguments. The most potent is that while Britain is obliged to keep open doors for all EU citizens at all times it will be impossible to have control over levels of immigration.
Rather than providing fact based analysis Brexiteers tend to rubbish all the fact based analysis that doesn’t support their contentions – claiming all the forecasters with conclusions contrary to theirs have made some mistakes in the past, This contention is naive.
The vocal Brexiteers have not supported their case with fact based information on their own track records as forecasters that would support their conclusions. Nor have they they provided information on their formal qualifications as economists or their experience in marketing.
Hedging against the intended and unintended Brexit Referendum Consequences
The 23rd June Referendum will have consequences for everyone – some intended and some unintended.The International Economy Magazine have published a valuable symposium of views from 30 well informed and qualified commentators with essential information on the unintended consequences of Brexit
The Bruegel Think Tank and others have also published well supported comment on the risks of Brexit to the dominant position of London as a financial centre – an outcome that could have serious negative implications for the British economy.
Hedging Against Brexit Financial Risks
Investors should take steps to hedge against possible adverse outcomes after the Referendum on June 23rd.
Gold should be on the discussion agenda when advice is sought from financial advisers on suitable hedging strategies.