In favor of brexit. That was like a tectonic shift and it was a major change with consequences that were both farreaching and unclear. Brexit changes everything, but how . So businesses, institutions and policymakers have been looking at this ever sense and rands study that we are talking about today looks at some possible outcomes and what they mean or our Economic Policy and for our operation so im excited to see many friends of the Wilson Center here today and that rand. Im going to introduce our panel and my idea is that we will hear from charlie about the bulkof this study. Turn this over to then michelle for some comments and then have fran and howard way in. Who are these people, you may ask . Charlie reese, Vice President international at rand, former Us Ambassador degrees and with a distinguished state Department Career including hosting the secretary for europe. Mister council for Economic Affairs in london and the European Union. In iraq he served as coordinator for economic
And outcomes for the United Kingdom, the European Union and the United States. Panel ivets discuss a study on the Rand Corporation about the implications of brexit. The u. K. Will exit the European Union in march of 2019. His is just under two hours. Good morning, everyone. Welcome to all of you and to the Wilson Center for our discussion this morning of brexit. Id just like to open by remembering, go back a year and and f or so, june, 2016, the u. K. Publics vote in favor of brexit felt like a tectonic shift and it was a major change with consequences that were both arreaching and unclear. Brexit changes everything, but how . So businesses, institutions and policymakers have been looking at this ever since. Rands study that were going to talk about today looks at some possible outcomes and what they mean for our Economic Policy and for our cooperation. So im delighted to see many friend of the Wilson Center here today and of rand. Im going to introduce our expert panel and my idea is
Including postings in europe, and from 2007 to 2008. At the rand corporation, Robin Quinville is a distinguished fellow at the council and the senior advisor, and served as Vice President for European Union and special edition at the council. Howard howard shatz is the director of rand, initiated research, and the party Rand Graduate School specialized in economics and national security. And so many varied studies im hardpressed to find something he had. Michelle egan is our nonrand expert, one of our own at the Wilson Center, fellow in global europe program, professor at American University school of International Service and coordinates european and russian studies program. With that, you are waiting, i will turn it over to charlie. Thank you very much. Robin didnt introduce herself but i will mention she is just back from top political jobs at the us embassy in london and in berlin, and knows quite a bit about this herself and hope she will intervene in the discussion period. I woul
Left in asias once a dominant commodities trade off. Kong markets are getting set to come back online after the Lunar New Year long weekend. Chinese markets are still away until thursday. We take a look at what is going on in the hong kong stock exchange. In terms of a handover, not much of one after that stellar performance by asia shares on a monday driven largely by Japanese Equities that had their second best day of the year. We saw a little bit of a failure to extend those gains in the european session. We are also seeing u. S. Futures trading down as well. Lets take a look at where we are moving in terms of markets. A big week when it comes to markets. It over to sophie for a look at how things are going. Ie as you pointed out, u. S. Futures are declining. Taiwan and a vietnam also closed for the extended holiday. The nikkei and topics snap a topix snap amb threeday climb. Seoul, and for decline. In kuala lumpur, stocks are sliding after a fiveday bend. We will see whether or not
Today. They are all falling led by greece. Down by over 1 . European stocks falling for the fifth day. Worst run since may. Sterling is down. We will come to that with David Blanchflower. Finalcommodities is your three columns. A quick peek at the european economy. Its on track for its best year in a decade. Headed towards a golden period. Still, the recovery is lagging behind that of the u. K. And the u. S. Growth is nowhere near levels recorded at the start of the millennium. Unemployment in the periphery still exceeds 10 . This is from 2008. Thats the starting block. Real gdp. Lets get to brent crude. Hedge fund bets on rising brent crude prices hitting a record high. Continued tensions in the middle east sending prices to their highest level in two years. Raising their net long positions by two point 4 to a record. 543,069 contracts in the weekend of november the seventh. Long surging by 2 to an alltime high. Short tumbling 2 to the lowest level in more than a month. China. Nt to m