Brexit apears to have royally screwed the Markets

[Mike]

I think the "crisis" will be Britain realizing what's happened. The impact on the U.S. will be very small.


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[Kuoppis]

Agreed.


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[Dizzie]

This is the best analysis of the potential impact I have read. The author says the EU will suffer more than Great Britain.

http://www.mauldineconomics.com/this...in-geopolitics

I see any weakness in Europe will translate to slower growth in the US.

Me, I sat out the madness with the exception of buying one small cap biotech on Monday. I am up 8.65% in two days. My gold and silver stocks have also done well despite the dollar's gain. I expect the US market to cool off heading into the holiday weekend.

[a.wayne]

Sorry, but I am not going to engage in a nonsense exchange about this topic. The impact will be profound and go long term beyond a quick market shock reaction we have seen the past couple of days.

Analysts are talking about things like e.g. £ falling below $, Visa likely to move part of its operations into Eurozone, Deutsche Börse-LSE merger probably being off, Goldman, MorganStanley, HSBC moving jobs out the UK, UK research and science funding taking a severe hit, the UK itself being at risk of falling apart etc.

The list is longer than I have letters left on my keyboard. And let's keep in mind, the EU does not only have an economic function.


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Analyst ! I hope these aren't the same analyst who completely missed the housing bubble ..


Anyway , I guess my nonsense went straight over your head , Hence your sky is falling approach, what you are peddling is nothing new, It's the expected knee jerk fear mongering response most would expect from the establishment, How dare the UK make this decision, best to inflict as much pain as necessary in an attempt to stave of the others about to jump.

Well the UK is the 5th largest economy in the world, The EU couldn't put a handle on Greece, I'm expecting the UK to weather this storm , it's way too early for all of this , especially considering the EU protocols for an exit strategy is still unclear.

BTW

http://finance.yahoo.com/news/us-stocks-wall-st-rebounds-202359171.html

http://www.exchangerates.org.uk/news/15684/best-gbp-eur-usd-pound-euro-us-dollar-exchange-rate-news-and-outlook.html


Wall St has already adjusted , so impact across the pond appears minimal todate and Parity with the dollar is laughable , what about parity with the euro and pay attn to the 22T tsunami lurking, Brexit will be a joke when that shoe drops ...


I'm expecting leverage negotiations from the UK, others will join them , I'm not expecting an EU break up , I'm expecting plenty changes thou ...



Regards..

[a.wayne]

Oh my. Doubt this was really the crisis yet, just an initial market reaction on an unexpected outcome of the vote. Britain has not brexited yet, will not for a couple more years.

Guess the crisis will come later, be way slower and more profound in impact.



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Losing to Iceland had a bigger impact in the UK than Brexit ....

[Jack]

The "profound impact" statement is far more understandable from the countries still in the EU than from those on the outside. They have far more to lose from the UK exit. Who among them is going to take up the slack. The "sky is falling" approach has become the norm from economic analysts just like the guys from the Weather Channel. Predict the worst and hope for the best.

[Kuoppis]

Well, we seem to have well informed experts talking here. So, why then have an exchange? Let's not. I'm sure the Brexit decision was well thought through and rational.






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[MikeCh]

Well, we seem to have well informed experts talking here. So, why then have an exchange? Let's not. I'm sure the Brexit decision was well thought through and rational.






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Wouldn't those google stats have more merit if they were pre-vote stats rather than after the fact?

[kzhtoo]

Wouldn't those google stats have more merit if they were pre-vote stats rather than after the fact?

I seriously don't understand this logic.

[Kuoppis]

This is what they say: The leave campaign argumentation before the vote was very divisive, focusing on immigration and conscious misinformation, as e.g. future diversion of EU payments to the NHS etc. After the vote the people making those claims admitted the information they had provided ahead of the vote was simply untrue. In addition, as now turns out, the Brexiteers did not have any plan for what would happen after the vote, but I guess not enough people cared to check.

So, when market turmoil hit along with xenophobic attacks on innocent citizens as a result of the vote, people started to wonder what they actually had voted on, as those effects were not desired by most.

Ergo: The search results are hard to understand, as they do not make sense. This is as that fact finding should ideally have happened before the vote - not after the fact. The search results are just a slightly sarcastic documentation of the dangers of popular votes, highlighting the fact that there are things the broader population should vote on, like which party to put into power based on their predefined programmes, and which decisions should be made by elected officials in the parliament, like whether to dispatch an aircraft carrier or not.

This is why we have things like absolute majority votes in many countries, parliamentary decisions and alike for matters concerning national security, international relations and other state affairs. Would anyone dispatch an aircraft carrier based on a popular vote?



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[a.wayne]

Agree, the google search should have been done before the UK joined the EU ....


Anyway , very good strawman argument , i would be willing to wager those searches were performed by stay voters..

[Kuoppis]

Agree, the google search should have been done before the UK joined the EU ....


Anyway , very good strawman argument , i would becwilling to bet those searches were performed by stay voters..

Based on your argumentation, I presume you are a leave voter. Defies any logic .

Good luck and thank you for all the fish.

[Kuoppis]

Losing to Iceland had a bigger impact in the UK than Brexit ....

I think you should not blame the England team for the end result, they did what they could.




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[a.wayne]

Based on your argumentation, I presume you are a leave voter. Defies any logic .

Good luck and thank you for all the fish.

Ohh dear , Irony noted and BTW that wasn't fish ....

[a.wayne]

I think you should not blame the England team for the end result, they did what they could.




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well less hope you have better luck against Italy and Iceland dont make it thru to the finals

[Kuoppis]

⭐️⭐️⭐️⭐️


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[a.wayne]

Ohh Yeah, My speakers are better than yours .....

[Kuoppis]

No, it's rather Germany has four world championships, England gets beaten by Iceland. That's all .


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[a.wayne]

Brazil has 5 , they should show it to their pesky opponents anyway if Germany do get past Italy , you may have to Beat those part timers from Iceland to win ..

[Kuoppis]

Brazil has 5 , they should show it to their pesky opponents anyway if Germany do get past Italy , you may have to Beat those part timers from Iceland to win ..

You know, this is the kind of a typical example of that somewhat loosely thought through style of Brexit supporter argumentation, just not getting it quite right...

1) First of all, the last time Brazil and Germany played each other, it ended 6:1 with Germany becoming world champion yet another time.
2) Secondly, these are actually the European championships, so I know it's terribly disappointing, but I seriously doubt Brazil and Germany will be playing each other any time soon in this tournament.
3) And lastly, may I add just for your benefit, the London Underground is not a political movement.


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[a.wayne]

Hilarious ,


I guess you just dont get it, let me play, Where did i insinuate Germany vs Brazil , London Underground ..??? Big laugh Kuoppis, good Irony too, please return after the Italy game, I'm enjoying the banter, even with the sky is falling hysterics It would be nice if Germany wins, lord knows they could use it ..


BTW:
https://www.washingtonpost.com/news/...eaves-the-e-u/

Better head off to a Swedish Audio forum now ..


PS: Germany would opt out if they could ...

https://www.bloomberg.com/view/artic...ery-very-tired

[Shadowfax]

Looks like Brexit royally screwed the Soccer Matches

[Kuoppis]

The most amazing thing in this whole mess is, that nobody actually believed that a majority of people would vote for leave. When it became clear that leavers had gotten the majority, it turned out that no-one had even thought of a plan what would happen after the vote if the result was Brexit. Hmmm.

Today one of the leave campaign head figures, former London mayor Boris Johnson, announced he would not run for PM either.


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[Shadowfax]

It does look like the people voting did not have a clear view of what would actually happen and how it would all be dealt with. But they probably decided to bleed a little now and get it over with as opposed to allowing the EU to dictate how many unemployable refugees they had to keep taking in which would bleed them out forever.

[a.wayne]

BIngo ...!!

The so called experts and framers of the EU dont have an Exit plan , yet they expect the "other side" to have one ! You cant make this **** up...


Current EU Exit strategy:
You guys leaving , well no more Champagne for you, get out .............

[Steve]

Nationalistic Protectionism. The Universal globalisation thing and one sided FTAs ain't really working out that well, so it's stock taking time. Bring back Virgin Record Megastores! Yay!

We're still good with the alien research base things here in Pine Gap though, as long as your nuclear subs keep on doing their routine patrol stuff up north of our Territory. Not sure if all of that ultra low frequency chatter is good for the fish.

[the professor]

I do think that after the dust settles, a trade agreement will be in place much like the trade part of the EU is now. It's in nobodies interest to have tariffs etc between the Europe countries.

I think that Germany has the most to lose in all of this especially if more countries decide to leave. Germany will be the only country left with enough money to give to the broke countries. And that will be a big financial burden.

[a.wayne]

Kuoppis , she knows you .....

https://m.youtube.com/watch?v=tXX71EKDKiY

ohh My: https://m.youtube.com/watch?v=gILTIDr4Ra8

[Kuoppis]

The Norwegian agreement is not too favorable actually, all the cost, full mobility, but no participation in the decisions. I would guess the UK should be able to do better.

To strike a balance between the views it might make sense to read the latest Spectre (for everything hunky dory) and latest The Economist (for the country goes down the drain).

Interestingly so, across the board there seem to be two rather opposing views. And the truth is in the eye of the beholder .


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[mauidan]

Losing to Iceland had a bigger impact in the UK than Brexit ....

[a.wayne]

Thats Hillarious , anyway Portugal made it , If Iceland takes out France , England has some redemption ...