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Weekly Economic Update: Post-Brexit

June 29, 2016
Michael Drury
Michael Drury

The British are leaving! The British are leaving! – Maybe. Friday provided a profound shock for the financial markets as the UK voted to leave the EU in the Brexit referendum. Over the past week, following the assassination of Labour MP Jo Cox, polls had shifted from favoring Leave to favoring Stay – right up until the last polls before voting. Indeed, even UKIP party leader Nigel Farage was indicating Thursday that Stay would scrape out a victory. The unexpectedness of the outcome generated substantial volatility and market angst in part because over optimism had led some to exit protective positions and they were forced to run to cover. What we learn from this is that predicting the future is never easy. Now economists have both weather forecasters and pollsters to joke about.

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Does the Sun Still Shine on Spain?

October 6, 2015
Bill Witherell
Bill Witherell

In its recovery over the past three years, the Spanish economy has outperformed the economies of all its Eurozone partners except Ireland. But clouds have gathered with the fears over Catalonia separatist politics and over the outcome of the general election expected to take place in December, and there have been some recent adverse economic indicators as well.

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The Yuan Devaluation: Unexpected but Economically Sensible

August 18, 2015
Bill Witherell
Bill Witherell

Bill Witherell of Cumberland Advisors discusses the devaluation of the Yuan.

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An Unsettling Equilibrium

August 6, 2015
Michael Drury
Michael Drury

GIC Chairman Michael Drury takes a look at the global economy today.

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Puerto Rico Defaults – Our New Muni Book

August 4, 2015
David R. Kotok
David R. Kotok

GIC Board Member David Kotok talks about Puerto Rico's default and his new book, Adventures in Muniland, in advance of his book signing with GIC on August 20 in Philadelphia.

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Staying with Japan Equities

July 28, 2015
Bill Witherell
Bill Witherell

Bill Witherell of Cumberland Advisors talks about investing in Japan.

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Looking Beyond Greece to Eurozone Equity Opportunities

July 21, 2015
Bill Witherell
Bill Witherell

Bill Witherell of Cumberland Advisors talks about the Eurozone, outside of Greece.

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The Not So Rosy Jobs Recovery

July 16, 2015
William Dunkelberg
William Dunkelberg

Chief Economist of the NFIB Bill Dunkelberg compares this economic recovery to the 1980s recovery.

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Venus and Jupiter

July 14, 2015
David R. Kotok
David R. Kotok

CIO of Cumberland Advisors David Kotok discusses heavenly movements and Earth-bound economies.

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International Market Review: 2Q2015 

July 9, 2015
David R. Kotok
David R. Kotok

David Kotok, long-time GIC board member and CIO of Cumberland Advisors, takes a look at the world's economies.

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Reflections on France

July 7, 2015
Bill Witherell
Bill Witherell

GIC Member Bill Witherell discusses his recent trip to France.

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The Global Expansion

July 2, 2015
Michael Drury
Michael Drury

GIC Chairman Michael Drury takes a look at the state of the global economic expansion.

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