'This Is The Worst,' Alan Greenspan Says Of British Break From EU [View all]

[Purveyor]

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that's even worse than the darkest days of October 1987.

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp.

"This is the worst period, I recall since I've been in public service," Greenspan said on "Squawk on the Street."

"There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away."

more...

http://www.cnbc.com/2016/06/24/alan-greenspan-says-british-break-from-eu-is-just-the-tip-of-the-iceberg.html