by John Mauldin
The internet, mainstream media, and Twitter are burning 24/7 with talk of Brexit. I will offer a few thoughts on Brexit at the end of the letter, but I’ll reserve any serious look at the future implications of Britain’s leaving the EU for a later letter, after I’ve had some time for reflection and analysis. I think the implications are every bit as serious as most analysts and commentators suggest, and that means the subject deserves more than reflexive punditry.
Instead, I’m going to proceed to give you an updated version of my speech from one month ago at the Strategic Investment Conference. It actually has (as you will see) more relevance today than it did a month ago.