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#1
06-22-2016, 11:17 AM
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Brexit and the impact to US markets
The referendum to leave the EU and regain the sovereignty of the United Kingdom will be decided tomorrow. The typical suspects (Progressives, Liberals, Central Banks & Globalists) are in favor of remaining - The folks that are sick of the unfettered immigrant invasion (and subsequently shouldering the cost of it) are vowing to regain their rights to control their own borders and population (among the other prominent negative financial impacts of belonging) are in favor of leaving.
Most every report out of Brittan show this referendum as neck and neck; although the betting markets clearly are showing "Remain" has a distinct edge. Question - how will this vote, either way, affect the US Equity markets in the near and mid term? One would think that a "Leave" victory would boost US currency markets at least initially as the EU would lose a great deal of it's assets. Have not seen any real discussion about this, which is making me wonder what we are in for come Friday... 
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#3
06-22-2016, 12:02 PM
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John Major, Tony Blair, David Cameron and Richard Branson arm and arm with Bono, Billy Bragg, and Bob Geldoff....yeauuuup. The Fix is in.
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#4
06-22-2016, 12:32 PM
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They were still getting MP Jo Cox to the hospital and the media already had a receipt of the gun he purchased through the mail in 1999 and second-hand witnesses with non-British surnames were saying the guy screamed, "Britain First!"
They will vote to remain like good, scared little subjects.
__________________
RIP identity politics 1965-2016
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#5
06-23-2016, 10:37 AM
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>>>As Britain goes to the polls to vote on the EU Referendum, the odds on Brexit are plummeting – to a new low of 17 per cent at the time of writing. The Spectator’s zoomable live odds chart shows the speed of the decline. At 9am this morning it was 23pc, at 10.45am it was 19pc and by 11.30am it was 17pc. An hour later, 15pc.<<<
http://blogs.spectator.co.uk/2016/06...w-17-per-cent/
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#6
06-23-2016, 10:46 AM
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Quote:
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#7
06-23-2016, 12:00 PM
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Quote:
 You were getting 3-1 Leave; 1-4 Remain yesterday....UltraVIX down 13% today Free money if one were so inclined
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#8
06-23-2016, 04:17 PM
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If you're confident it's all rigged it was a safe play.
I'm not completely sold. Great opportunity for transfer of wealth and I don't really know the cast of characters. The ones I do know can be flighty. Keep hope alive? 
__________________
RIP identity politics 1965-2016
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#12
06-23-2016, 10:04 PM
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Less than 1% edge to remain with a 1/3 of voting in... US Dow futures off 210 points after the Sunderland results....will be a late night for some. Predicting 4am eastern before a call. This is fascinating.
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#15
06-23-2016, 10:57 PM
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Dow futures down over 3%. Leave looking strong.
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#17
06-24-2016, 12:25 AM
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Quote:
__________________
RIP identity politics 1965-2016
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#18
06-24-2016, 12:26 AM
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Anybody else think of this old taxes story? The punch line (the rich guy leaving) seems a similar motivation for the UK. They are sick of paying and subsidizing many of the other members. France might exit too now they are saying.
--------------------- "Suppose that every day 10 men go to a restaurant for dinner. The bill for all ten comes to $100. If it was paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59." The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." Now dinner for the 10 only costs $80. The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody's share, then the fifth man and the sixth man would end up being paid to eat their meal. The restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same percentage, being sure to give each a break, and he proceeded to work out the amounts each should pay. And so now the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," complained the sixth man, pointing to the tenth, "and he got $7!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got seven times more than me!" "That's true," shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor." Then, the nine men surrounded the tenth man (the richest one, paying the most) and beat him up. The next night the richest man didn't show up for dinner, so now the nine men sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short! "And that, boys, girls and college instructors, is how America's tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table any more. There are lots of good restaurants in Switzerland and the Caribbean."
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#19
06-24-2016, 12:31 AM
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DAX futures are down 9 percent. Merkel deserves it.
Let the cannibalization of the globalists commence! https://www.youtube.com/watch?v=t2CCq-tuMrY
__________________
RIP identity politics 1965-2016
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#20
06-24-2016, 12:40 AM
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And maybe that can't be avoided anyway, but the instability might really be huge in magnitude near term - though as you suggest in an earlier post, it might not last long.
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