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The International Investor

March, 2017 Archives

Brexit Week

By Benjamin J. Butler

 

As I write this (on Wednesday) the British Prime Minister has sent a letter, triggering Article 50 of the Lisbon Treaty to leave the EU, to the President of the EU.

 

It’s a monumental event, and likely to have profound ramifications for Europe and possibly the global economy and financial markets over time. Obviously the British pound has already taken a precipitous fall after the referendum last June, so it seems unlikely that there will be any major earthquakes.

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G2 Conflict

By Benjamin J. Butler

 

Plaza Hotel, Seoul

 

I am writing this week from the Asia Pacific Financial Forum, where I was the opening keynote speaker. The topic of the forum is the G2 (Group of Two -- US and China) trade war and neo-isolationism.  I was actually wondering whether the Plaza Hotel here was linked to the one in New York, as rather interestingly that was the location of the famous Plaza Accord, where the major economic powers decided to reduce the value of the US dollar in 1985.

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Washington, DC

By Benjamin J. Butler

 

Washington, DC

 

I just spent the last week in Washington, DC and West Virginia. With the real estate bubbles in the coastal cities and the international cities of the world, the prices of homes in West Virginia seem so much more real. For under $200,000 one can buy quite a nice and sizeable detached home. I suspect that over the course of the next five years, purchasing real estate in the forgotten parts of the US may outperform the bubblier cities.

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