Posted To: Pipeline Press
Summer time… barbecues, time in the sun, fun on the water – unless you’re in Michigan and you believe that rivers flow in circles and one spends three days on it! Switching gears to the markets, by now most everyone knows about BREXIT, in which the UK decided to leave the EU. This set off waves in global financial markets and raised concerns that the turmoil could lead to a global recession that would trip up the U.S. economy as well. Wells Fargo believes that these fears are somewhat overblown as they relate to the U.S. economy. Wells Fargo's economists do believe, however, that the move will lead to slower growth in the U.S. during the second half of the year. Brexit will not create any direct problems, but it brings up some indirect problems such as slower growth throughout...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/29SbGkC
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