Brexit apears to have royally screwed the Markets

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Shadowfax said:
Looks like a decent rebound today. I hope it keeps on going back to where we were last week.
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You are joking, right? We have yet to see the beginning of the impact to come.


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Kuoppis said:
You are joking, right? We have yet to see the beginning of the impact to come.


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Well we have yet to see the impact of 0% interest and 22T in debt have we, so whats a little EU fluff to hide, the EU domino will fall when the next member(s) step up and out ... ..
 
a.wayne said:
Well we haven't seen the impact of 0% interest and 22T in debt yet have we, so whats a little EU fluff to hide ..
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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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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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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-week-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.
 
Kuoppis said:
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..
 
Kuoppis said:
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 .... :)
 
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.
 
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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Kuoppis said:
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?
 
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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