What’s Missing?
Although there are multiple benefits to the deal, however, they all center around spending in the short term. What is missing is an accounting of the costs over time. This area deserves more of a discussion, which it won’t get in the aftermath of the deal. But those costs will be real and substantial—tomorrow. Today, though, the news is good.
Now on to worrying about Brexit!
Brad McMillan is the chief investment officer at Commonwealth Financial Network.