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    'Brexit' Hits U.S. Stock Market Harder than an Election

    'Brexit' Hits U.S. Stock Market Harder than an Election

    June 24, 2016

    The New York Times | By Justin Wolfers (Ph.D. '01), University of Michigan. "While market reactions are surely neither as rational nor as carefully calibrated as the theory suggests, at least they provide a useful quantification of the conventional wisdom. And that conventional wisdom seems to be that Britain’s exit from the European Union will lead to economic disruption that will echo across the Atlantic."

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