Pimco's Balls Sees `High Probability' of Brexit Deal This Year

The transcript discusses the nature of negotiations, particularly in the context of Brexit, highlighting the expectation of a deal by November. It examines market reactions, suggesting a higher probability of a no-deal outcome than anticipated. The impact on London's economy and banking sector is considered, with some fragmentation expected. The political theater surrounding Brexit is analyzed, with media portrayal and strategies discussed. Finally, the economic outlook is explored, noting potential risks and the importance of maintaining the status quo to avoid recession.

In what ways does the speaker believe Brexit will affect European capital markets?

What does the speaker suggest about the future trading arrangements post-Brexit?

What is the speaker's view on the uncertainty surrounding Brexit and its implications for investment decisions?