Most of the market gyrations are because a bunch of youngsters run these FX places now, companies have got rid of their older employees with early redundancies.
So now they're going to get their arses kicked hard, and they deserve it
Anyone over 50 knew it was going to be a close call, I'm actually pretty gobsmacked by the level of anti-eu sentiment being displayed tonight, especially after the non stop fearmongering campaign.
So now they're going to get their arses kicked hard, and they deserve it
Anyone over 50 knew it was going to be a close call, I'm actually pretty gobsmacked by the level of anti-eu sentiment being displayed tonight, especially after the non stop fearmongering campaign.
Gonna be a mess.. Global economy been staring at cliffs edge for a long time now.. This just gonna give us the final kick off the cliff... Money masters can now pin blame on lower working class white man Brits... Trump time??? God save us... Lol
Update 11:50 PM: And now comes the global market panic:
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bed time for me lotsa fireworks to come...
Update 11:50 PM: And now comes the global market panic:
- S&P 500 FUTURES TUMBLE 4.5 PERCENT, DOWN 99 POINTS
- GOLD 1350
- TREASURIES EXTEND GAIN; 10-YEAR YIELD DROPS BELOW 1.50%, 12 BPS FROM ALL TIME LOW
- JAPAN'S 10-YEAR YIELD FALLS TO RECORD MINUS 0.215%
- CIRCUIT BREAKER KICKS IN FOR NIKKEI FUTURES, TRADING HALTED FOR 10 MINS FOR JAPAN STOCK FUTURES
- INDIA RBI SAID TO SELL DOLLARS TO CURB RUPEE'S DROP: TRADERS
- EUR/CHF EXTENDS DROP BELOW 1.0700, FIRST TIME SINCE AUG. 2015
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bed time for me lotsa fireworks to come...
Can't sleep .. Non binding vote.. Let the fun begin!
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[h=1]Why The U.K. Won't Leave Even With A Brexit Yes Vote[/h]The U.K. government is very worried about the prospects of a vote to leave the EU. This exit from the EU is a self-inflicted worry because no one but some members of the ruling Conservative party or the fringe UKIP party (U.K. Independence Party) wanted or requested such a vote.
It’s not just the elected government that fears the possibility of a break from Europe; so does business and the very institutions of government too. The U.K.’s elites, bar a rag tag of contrarians, are pro-Europe.
The person in the street is not so sure. They don’t have second homes in France and Spain. They aren’t at home in the exclusive skiing resorts of France. Not for them a Tuscan villa or Wagner in Bayreuth. Their access to the pleasures of Europe and the European gravy-train is nonexistent.
So the British establishment is selling ‘fear.’ The belief is that if the average British citizen (peasant) can be convinced they are a couple of hundred pounds worse off in an independent U.K. then they will vote with their wallets to stay semi-detached from the great European federation rather than adrift from it.
No one is thinking what happens if the populace votes to leave.
Firstly ‘project fear’ is likely to work. It worked on the Scots; it is highly likely to work on the sleepy British. However, it is the very somnolent nature of the British that might deliver a ‘leave’ vote. The energy of the leave camp might pull off an upset as the bored British ‘stay’ camp do in fact stay at home on polling day and don’t get out to vote, while the more motivated ‘leave’ voters take to the field and win.
What most are overlooking, is that if the U.K. votes to leave, it WON’T leave.
The referendum is not binding.
Must Read: 8 Market Myths To Avoid
That’s right–after all the effort and campaigning, if the ‘leave’ vote wins, the vote will be ignored.
That sounds unbelievable, but the very same thing just happened in Holland where the Dutch voted to keep the doors shut on free entrance for Ukrainians to the EU. The EU said, “Sorry we can’t break our promise to the Ukraine, tough luck Holland.” The referendum was ‘advisory’ or more accurately pointless if it disagreed with the EU’s position.
The Brexit referendum is also ‘non-binding.’ Only the British parliament can ratify it. It won’t. Here is why.
The opposition won’t vote for it. They will say, we are against the whole idea and so are our supporters. That leaves the conservative government to pass the ‘leave’ legislation and it has only an 18-seat majority. Oops, if just a few Tory pro-EU MPs break ranks and vote against leaving the EU, bingo, no Brexit. It wouldn’t take too many conservative pro-EU representatives to just abstain to kill the whole thing.
So with the whole force of the British establishment behind staying, with the whole of the EU experiment at stake, those ‘rebels’ will be found and the U.K. will not ’leave.’ This will create a crisis of huge proportions. The Dutch might shrug about the Ukraine referendum default but if the outcome of a ‘leave’ Brexit vote is voided by the U.K. elites that will be a different matter.
The consequences of that would be almost unfathomable.
-------
[h=1]Why The U.K. Won't Leave Even With A Brexit Yes Vote[/h]The U.K. government is very worried about the prospects of a vote to leave the EU. This exit from the EU is a self-inflicted worry because no one but some members of the ruling Conservative party or the fringe UKIP party (U.K. Independence Party) wanted or requested such a vote.
It’s not just the elected government that fears the possibility of a break from Europe; so does business and the very institutions of government too. The U.K.’s elites, bar a rag tag of contrarians, are pro-Europe.
The person in the street is not so sure. They don’t have second homes in France and Spain. They aren’t at home in the exclusive skiing resorts of France. Not for them a Tuscan villa or Wagner in Bayreuth. Their access to the pleasures of Europe and the European gravy-train is nonexistent.
So the British establishment is selling ‘fear.’ The belief is that if the average British citizen (peasant) can be convinced they are a couple of hundred pounds worse off in an independent U.K. then they will vote with their wallets to stay semi-detached from the great European federation rather than adrift from it.
No one is thinking what happens if the populace votes to leave.
Firstly ‘project fear’ is likely to work. It worked on the Scots; it is highly likely to work on the sleepy British. However, it is the very somnolent nature of the British that might deliver a ‘leave’ vote. The energy of the leave camp might pull off an upset as the bored British ‘stay’ camp do in fact stay at home on polling day and don’t get out to vote, while the more motivated ‘leave’ voters take to the field and win.
What most are overlooking, is that if the U.K. votes to leave, it WON’T leave.
The referendum is not binding.
Must Read: 8 Market Myths To Avoid
That’s right–after all the effort and campaigning, if the ‘leave’ vote wins, the vote will be ignored.
That sounds unbelievable, but the very same thing just happened in Holland where the Dutch voted to keep the doors shut on free entrance for Ukrainians to the EU. The EU said, “Sorry we can’t break our promise to the Ukraine, tough luck Holland.” The referendum was ‘advisory’ or more accurately pointless if it disagreed with the EU’s position.
The Brexit referendum is also ‘non-binding.’ Only the British parliament can ratify it. It won’t. Here is why.
The opposition won’t vote for it. They will say, we are against the whole idea and so are our supporters. That leaves the conservative government to pass the ‘leave’ legislation and it has only an 18-seat majority. Oops, if just a few Tory pro-EU MPs break ranks and vote against leaving the EU, bingo, no Brexit. It wouldn’t take too many conservative pro-EU representatives to just abstain to kill the whole thing.
So with the whole force of the British establishment behind staying, with the whole of the EU experiment at stake, those ‘rebels’ will be found and the U.K. will not ’leave.’ This will create a crisis of huge proportions. The Dutch might shrug about the Ukraine referendum default but if the outcome of a ‘leave’ Brexit vote is voided by the U.K. elites that will be a different matter.
The consequences of that would be almost unfathomable.
A perfect storm happened last night
The white working classes have been shat upon since around 1980 and all the EU did was pile on the agony
Mass de-industrialisation, austerity cutbacks, pension cutbacks, NHS cutbacks, blatant Political corruption, Education cutbacks, Welfare cutbacks, Housing cutbacks and finally the EU laid the fuse with its mass immigration policy
Then David Cameron lit that fuse with his EU referendum and the rest is as they say, history
Hubris in the Financial Markets compounded the effect of this political bombshell as it went off
The white working classes have been shat upon since around 1980 and all the EU did was pile on the agony
Mass de-industrialisation, austerity cutbacks, pension cutbacks, NHS cutbacks, blatant Political corruption, Education cutbacks, Welfare cutbacks, Housing cutbacks and finally the EU laid the fuse with its mass immigration policy
Then David Cameron lit that fuse with his EU referendum and the rest is as they say, history
Hubris in the Financial Markets compounded the effect of this political bombshell as it went off
The reality IMO will be that not much will change and everyone will wonder WTF all the fuss was about
The UK will trade as usual, there will finally be serious political movement on immigration and some tweaking of trade agreements, Fishing rights could be a bone of serious contention.
Tizdoom could well be disappointed at the lack of financial armageddon and the world will trundle onwards
Share values are pretty overbloated in any case and the markets could do with a bit of deflating
The UK will trade as usual, there will finally be serious political movement on immigration and some tweaking of trade agreements, Fishing rights could be a bone of serious contention.
Tizdoom could well be disappointed at the lack of financial armageddon and the world will trundle onwards
Share values are pretty overbloated in any case and the markets could do with a bit of deflating
The big worry is the EU, not the UK
The EU is on pretty shaky ground but it needed to get itself sorted out in any case, the EU is a stumbling basket case in need of serious reform. The Germans and the French will have to sort out these issues or the EU dream will disintegrate.
Brexit is exactly what the EU really needed, a great big kick up the ass... and what doesn't kill you... makes you stronger
The bureaucrats in Brussels have become too complacent and detached in a fast moving global marketplace
So at the end of the day this could be just the right medicine everyone actually needed to pull their complacent fingers out of their glacial asses
The EU is on pretty shaky ground but it needed to get itself sorted out in any case, the EU is a stumbling basket case in need of serious reform. The Germans and the French will have to sort out these issues or the EU dream will disintegrate.
Brexit is exactly what the EU really needed, a great big kick up the ass... and what doesn't kill you... makes you stronger
The bureaucrats in Brussels have become too complacent and detached in a fast moving global marketplace
So at the end of the day this could be just the right medicine everyone actually needed to pull their complacent fingers out of their glacial asses
The remain vote may also have become victims of their own propaganda
Right from the start the entire kool-aid exercise was banging on about how brill the EU is and how everyone who's anyone was voting to remain. Remain dominated the polls, remain was fabby, everyone wanted remain, and government propaganda outlets like the BBC were non-stop remain remain remain
So on polling day a whole bunch of remain voters didn't bother voting while every leave voter with a pulse headed to the polling station
oops
Right from the start the entire kool-aid exercise was banging on about how brill the EU is and how everyone who's anyone was voting to remain. Remain dominated the polls, remain was fabby, everyone wanted remain, and government propaganda outlets like the BBC were non-stop remain remain remain
So on polling day a whole bunch of remain voters didn't bother voting while every leave voter with a pulse headed to the polling station
oops
Foreign ministers of the six founding nations of the EU will have an emergency meeting on Saturday in...
Paris? nope.
Brussels? nope.
Rome? nope.
Strasbourg? nope.
Luxembourg? nope.
actually... everyone has apparently been summoned to Berlin, I kid you not.
EU referendum: Shocked members urge solidarity and change
Paris? nope.
Brussels? nope.
Rome? nope.
Strasbourg? nope.
Luxembourg? nope.
actually... everyone has apparently been summoned to Berlin, I kid you not.
EU referendum: Shocked members urge solidarity and change
uk leaving will have nothing to do with the mess to come.. Just something for the money masters who created the problem to use as an excuse..
Near zero percent rates for nearly a decade (and more to come likely negative rates in our future as entire western world stuck in a Japanese type rut) will eventually end in tears.. Us consumer has stretched themselves as far as they can this go round of fed fueled bubble... Just no way around it...
eu countries getting hit the worst stock market wise as you would expect cause now the ? Of who's next etc
http://hussman.net/wmc/wmc160620.htm
And the elites dreams of global government in general... At least for our lifetimes ha
countries just have their own unique cultures, economies etc there isn't a one size fits all for everybody ...why liberal Ivy League economists think otherwise is beyond me.. All part of them living in their bubble and massive amounts of groupthink ...
countries just have their own unique cultures, economies etc there isn't a one size fits all for everybody ...why liberal Ivy League economists think otherwise is beyond me.. All part of them living in their bubble and massive amounts of groupthink ...
