Wall Street Brexit Fear Porn Failure Leaves Losers Flaccid

"JP Morgan chief executive Jamie Dimon, a leading proponent of Project Fear, said Brexit would be a ‘terrible deal for the British economy’ and could lead to 4,000 job losses at the bank’s UK operations. It donated £500,000 to Remain. But many analysts – including those who work for Mr Dimon – now believe the outlook is far brighter than previously claimed. Following the referendum, Goldman Sachs forecast that Britain would suffer a ‘technical recession’. But the bank, which also donated £500,000 to Remain, has now raised its growth forecast for 2017."