from Casey Research
The world’s biggest economy is unraveling.
Regular readers know we’re talking about the European Union (EU). The EU is an economic union made up of 28 countries. It was put together after World War II to keep European countries from going to war with one another.
Over time, it turned into the world’s biggest economic experiment. And, right now, that experiment is going awry.
As you probably heard, the United Kingdom voted to leave the EU a month ago. The “Brexit,” as folks are calling it, shook financial markets from London to New York City. It knocked more than $3 trillion from the global stock market in two days.