In today’s London open show, we revisit Brexit mania and take note of the ongoing Fed rate hike saga across the pond with Clem Chambers, Founder of ADVFN and Tip TV’s Zak Mir.
Chambers is neither pro Brexit and nor Anti Brexit and aptly points to the fact that Brexit (if passed by parliament) would be good for businesses. At the same time it would not be so good for old people, pensioners etc.
He reiterated his message once again that EU referendum was advisory in nature and hence it could easily be rejected in parliament.
Coming to Fed rate hike saga, Chambers says having ultra low rates in everybody’s interest, Fed is going to raise rates but at a snail speed. Chambers also delves into details of the QE program.