Article today by Professor Blanchflower, of Harvard.
"In response to the news that the EU supporting Macron had got into the second round and looked likely to win the presidency the markets responded positively and rose sharply. Conversely the markets would have dropped sharply if Le Pen looked the likely winner.
This is an indication of the scale of what could happen in the U.K. Markets if there is a disorderly Brexit disaster. It would likely result in a cataclysmic global fall in markets.
Support for Brexit is likely to be driven by how the economy performs and whether living standards hold up, and they aren't.
Last week (a report) indicated that wage growth had slowed and inflation had risen to a three year high. Consumer demand was holding, but it is based on higher borrowing and disabling, but it won't last.
The saving ratio has reached the lowest since records began in 1963.
There isn't much good news. Life expectancy fell over the past three years for men and women. Employment fell between December 2016 and February 2017.
Britains trade deficit is widening, as exports fell and imports rose."