So investors are, with a little more than a week to go, finally starting to freak out about this whole Brexit thing. Over at The Upshot, Neil Irwin doesn’t think they are freaking out nearly enough, not just about the potential demise of this whole crazy European Union experiment, but everything else, as well.
The cocoa and U.K. natural-gas markets are two of the last remaining commodities contracts still denominated in sterling…..
If Britain votes to leave the EU, the pound is expected to plummet, boosting these commodities by making them cheaper in other currencies.
The Two Niche Markets Where a ‘Brexit’ Would Be Good News [WSJ]
Investors Flee Banks in U.K. and Europe, as Brexit Jitters Mount [WSJ]
Are Financial Markets Too Complacent About the Global Economy? [NYT The Upshot blog]