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Brexit and Beyond
How UK Can Upset the Global Economy
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Problems and Solutions
US, UK & Michigan Economic Situation
BREXIT: vote, outcome, adventure
2016 Elections
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2.9%
0.5%
0.7%
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17%
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#13
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"We are not only each other's largest investors in each
of our countries, one to the other, but the fact is that
every day almost one million people go to work in
America for British companies that are in the United
States, just as more than one million people go to work
here in Great Britain for American companies that are
here. So we are enormously tied together, obviously.
And we are committed to making both the U.S.-UK and
the U.S.-EU relationships even stronger drivers of our
prosperity."
US Secretary of State
John Kerry
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4.9%
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+5.4K
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+0.2%
+0.6%
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Quiz Time!
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Productivity=Growth
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“There are limits to what monetary policy can and,
indeed, should, do. The burden must also fall on
fiscal and other policies to do their part to help
create conditions conducive to economic stability.”
SF Fed President John Williams
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US, UK, MI emoji summary
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Biggest breakup since?
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Polls
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GBPUSD 20%
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“The UK would not be a big enough market to be
a priority for us in that case[Brexit]. As a drugs
market it is more important for us to launch in
France, Germany and Sweden than in the UK
because they adopt and pay for the drugs... The
UK is a challenge now but without the EU [it] will
get left behind…”
AstraZeneca’s Mene Pangalos
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Abbot
AbbVie
Baxter International
Beam Suntory
Caterpillar
CDW
CF Industries
Mondelez International
Navigant
Northern Trust
Tenneco
W.W. Grainger
Walgreens Boots Alliance
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'I think, as I was saying to you a little earlier, that
one of the issues is that a lot of people will invest
here in the UK because it is the UK in Europe.
If we were not in Europe, I think there would be
firms and companies who would be looking to
say, do they need to develop a mainland Europe
presence rather than a UK presence? So I think
there are definite benefits for us in economic
terms.'
PM Theresa May
1mth b4 vote
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PM Theresa May
4mths after vote
"There will be no unnecessary delays in invoking
Article 50. We will invoke it when we are ready. And
we will be ready soon. We will invoke Article 50 no
later than the end of March next year. It is not up to
the House of Commons to invoke Article 50, and it is
not up to the House of Lords. It is up to the
government to trigger Article 50 and the government
alone.”
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Brexit emoji summary
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Policy solutions for growth
Free Trade=lower tariffs
Reg. Relief=reduced costs
Tax reform=capital formation
w/incentives
Infrastructure=efficiency
Energy Production
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2016 Recap
Clinton:
biz tax hikes
build on regs
cap gains tax
no free trade
big alternatives
big infra
create pathway
enhance D-F
Trump:
biz tax cuts
reduce regs
full expensing
no free trade
big hydro carbon
big infra
build a wall
end D-F
DJT HRC
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What is the hope?
Trump is a “businessman”
Clinton is a “compromiser”
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New Key Election Developments
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Policy solution emoji summary
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Brexit takeaways
Currency biggest loser
2016=trade
Fed is done
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Final Thoughts…

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BREXIT and Beyond: How UK can upset the global economy