SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Britain’s vote to leave the European Union.
Brexit may be a sign of deglobalization, the Fed could help keep rates low, and lead to more fiscal stimulus. Brexit is a larger referendum on globalization, or rather anti-globalization. When growth is strong, imbalances (such as excessive debt and wealth inequality) can be more easily papered over (the rising tide lifts all boats), but when growth disappears the problems bubble up to the surface.
Consumers have rekindled their love of bigger cars, pickup trucks and sport utility vehicles, favoring them over small cars, hybrids and electric vehicles, which are considered crucial to helping slow global warming.
Half of U.S. households in the first quarter had a video streaming service, on par with households with a DVR. The prevalence of streaming services among U.S. households has been steadily increasing for more than a year, up more than 9 percentage points since the fourth quarter of 2014.
Rob Black answers Loren’s question: Will the euro survive Brexit aftermath?