• Office of YB Wong Chen

Brexit

David Cameron announces resignation as PM after Brexit. It is the honourable thing to do. Can we find that kind of honour in Malaysian leadership?

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Global financial markets are in turmoil. FTSE reported to have lost £120 billion in early trading.

I believe the volatility are self created and self inflicted. Global economic fundamentals are rubbish. And they have been rubbish since 2008. Markets have “grown” on debt and even more debt. Inequality has progressively grown bigger too.

Nothing has really changed since the 2008 crash. Brexit is not the cause of this unfolding turmoil. Brexit is just a very convenient excuse for the big players to dump their untenable positions. The most important thing to do now is to calm the markets and thereafter carry out real reforms.

#Brexit