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So Brexit is really going to happen on June 23rd? (1 Viewer)
- Thread starter Riversco
- Start date
Ministry of Pain
Footballguy
I'm not sure I understand it much beyond that England is carrying the burden of an awful lot of slackers in Europe. Greece had or has terrible problems but I thought that was being absorbed by everyone over there.
I'm not sure whether to be glad or sad if they leave or stay. Does it really matter in the end? Will any of the regular folks in England be better or worse?
I can't imagine America being part of a Union, surprised England lost their way to begin with. The EU seems like it should be a red flag for some of the entitlements folks are lining up to have in this country.
I'm not sure whether to be glad or sad if they leave or stay. Does it really matter in the end? Will any of the regular folks in England be better or worse?
I can't imagine America being part of a Union, surprised England lost their way to begin with. The EU seems like it should be a red flag for some of the entitlements folks are lining up to have in this country.
TheAristocrat
Footballguy
Neat board. BBC reporting Leave at 51.4% at this time. 6.1M to 5.8M votes.
fantasycurse42
Footballguy Jr.
I've read enough about this, they're out.
sporthenry
Footballguy
The currency is losing a ton of value, which will obviously impact the regular folks. And lots of companies in Europe have their headquarters in England. Lot of banks have already said they'll have to move them to Euro countries. Lot of unintended consequences here.
Dinsy Ejotuz
Footballguy
Brexit odds being cut by the second... down to 2/5 vs 11/4 for stay. Roughly 72%/28% or so. They're out IMO.
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Phil Elliott
Footballguy
Dow futures seem to have "stabilized" around -385.
Phil Elliott
Footballguy
Now discussions going beyond tonight to "which country will be next".
TheAristocrat
Footballguy
Now that I think about it, this seems like a British plot to tank the new Independence Day 2 film with their own bland version that only the British would get.
Leave killing it.
DOW rocked. Could be a nice start to a correction. I have no doubt that Yellen will make the wrong move and make it worse short-term, but no doubt long term this will be a huge positive for us and the UK. Looking to get some sideline money in over the next six months while there's blood in the streets.
DOW rocked. Could be a nice start to a correction. I have no doubt that Yellen will make the wrong move and make it worse short-term, but no doubt long term this will be a huge positive for us and the UK. Looking to get some sideline money in over the next six months while there's blood in the streets.
Rohn Jambo
Footballguy
dschuler
Footballguy
John Bender
Footballguy
Bloomberg also covering it well.
Redwes25
Footballguy
timschochet
Footballguy
This is bad.
dschuler
Footballguy
For the 1% in Britain, yeah. If you didn't take any money off the table before today that's your bad.
cstu
Footballguy
Guy with a great line seconds ago: 'the problem with crony capitalism isn't the capitalism part'. God, so true. And so misunderstood.
dschuler
Footballguy
sporthenry
Footballguy
I mean, the currency just lost 9% vs the USD. Unless the common man moved all their money to USD, thats going to hurt.
fantasycurse42
Footballguy Jr.
DJIA futures down almost 600 points. This is going to be a nightmare tomorrow. I hope they get what they're asking for, idiots!
Gawain
Footballguy
Depends on how long the devaluation lasts. Prices aren't going to rise overnight.
ETA: Gas excepted
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cstu
Footballguy
fantasycurse42
Footballguy Jr.
Watching BBC, I hate these people.
fantasycurse42
Footballguy Jr.
It's over. This Nigel dude is giving his victory speech.
HellToupee
Footballguy
Calm down. Long term this is good for the US economy. Once the waves calm down we'll all be better off from this.
Redwes25
Footballguy
Was that the same idiot who said Washington was like the hunger games capital.
Bloomberg is the channel to watch.
Phil Elliott
Footballguy
BBC seems to have the most current numbers.
dschuler
Footballguy
The common man is making less money than they were 10 years ago, which is why they are doing this to begin with. The common man doesn't own stock or trade currencies, they could give two ####s about the market. The common man sees immigrants taking their jobs for pennies on the dollar and is upset. They see their kids education crumbling as schools are overcrowded. They see their traditions thrown by the wayside in order to appease everyone.
fantasycurse42
Footballguy Jr.
fantasycurse42
Footballguy Jr.
Big run on physical metals the last 3 weeks IIRC. Maybe they didn't buy usd but some of them probably hedged with gold and the like.
cstu
Footballguy
sporthenry
Footballguy
They may not trade currencies but their currency will go a lot less. I'm not going to get into the rest of the argument, but this will likely result in more job losses.
So, assuming Leave holds on - I have done some cursory research, and it seems the unwinding will take up to two years, and still must be approved by a majority of member states?
Any market or currency fluctuations in the short-term are just bankers looking to make a quick profit off the recreational trader.
Any market or currency fluctuations in the short-term are just bankers looking to make a quick profit off the recreational trader.
Phil Elliott
Footballguy
Markets tend to overreact. Hopefully this time also.
SameSongNDance
Footballguy
So because the common man is so fed up, he decided to cut his purchasing power by 10%. I don't see how this logically follows.
Boston
Footballguy
It's truly amazing how some people not only don't understand this but look down at it...they simply can't see things thru any eyes but their own...
sporthenry
Footballguy
And its amazing how people blame others for their issues and don't realize things could be worse. When these MNCs who are based in the UK start moving even more jobs away from the UK, let me know how that works out.
Rohn Jambo
Footballguy
HellToupee
Footballguy
Boston
Footballguy
Yup...they are the only group who blames others...and they should just should the F up and do what the elites tell them to do...
I am not saying this is a good move or bad move but when you bend over backwards from some groups and tell other groups to screw there is going to be repercussions...for better or worse...
dschuler
Footballguy
fantasycurse42
Footballguy Jr.
BBC had a study that showed the vast majority of leave voters didn't have an education beyond high school. Glad the stupid won, now they can deal with the economic consequences.
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