Why the “Bond King” Is Having Flashbacks of the 2008 Financial Crisis

by Justin Spittler
Casey Research

Investors everywhere are taking cover.

As you probably know, Great Britain stunned the world by voting to leave the European Union on June 23.

The “Brexit,” as folks are calling it, triggered a selloff that wiped $3 trillion from global stocks in two days.

The announcement also shook the currency market. The pound sterling plunged 8% the day after the news broke. It was one of the British currency’s worst days ever. The U.S. dollar, euro, and Japanese yen experienced huge moves too.

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