UK to leave the EU

[KeithKSR]

This is a huge blow to the globalization movement, and likely a good thing for the middle class all over the globe.

[MickintheHam]

I don't know if this is good. But it is certain this will slow the globalization movement. It reflects a lot of reservation people have about open borders.

[Doc]

Smart for them. Other countries in the EU are a drag economically to them and Germany in particular. When the "takers" surpass "givers", this is what happens


http://mobile.nytimes.com/2016/06/25/world/europe/britain-brexit-european-union-referendum.html?_r=0&referer=https://www.google.com/

[KeithKSR]

I don't know if this is good. But it is certain this will slow the globalization movement. It reflects a lot of reservation people have about open borders.

It has to be better than the alternative over the long haul. The globalization movement goes hand-in-hand with the socialist movement and the one world government George Soros movement with copious amounts of regulations. The goal of all this is to keep pockets lined of the ultra rich and for the average people to have a hand to mouth existence living Che k to check, at best.

[MickintheHam]

Smart for them. Other countries in the EU are a drag economically to them and Germany in particular. When the "takers" surpass "givers", this is what happens


http://mobile.nytimes.com/2016/06/25/world/europe/britain-brexit-european-union-referendum.html?_r=0&referer=https://www.google.com/

ThiS has been brewing since the collapse of the Soviet Union. West German support for East Germany led to financial support for the Eastern bloc nations and much of Southern Europe. Support for all those nations has now been seriously weakened. It will now fall on Germany to carry the entire load. I wonder where the European nations will now turn for support. It will have to be a financially big, if not sound, "progressive" government foolish enough to do it. If they find such a country it will also have to have afoolish enough leader to go all in.

[dan_bgblue]

ThiS has been brewing since the collapse of the Soviet Union. West German support for East Germany led to financial support for the Eastern bloc nations and much of Southern Europe. Support for all those nations has now been seriously weakened. It will now fall on Germany to carry the entire load. I wonder where the European nations will now turn for support. It will have to be a financially big, if not sound, "progressive" government foolish enough to do it. If they find such a country it will also have to have afoolish enough leader to go all in.

Putin?

[CitizenBBN]

lol. The russians would laugh themselves to death at all the BS rules and regs of the EU. So would any other sane people, which is apparently about 52% of Brits.

[MickintheHam]

lol. The russians would laugh themselves to death at all the BS rules and regs of the EU. So would any other sane people, which is apparently about 52% of Brits.

Which is exactly why I worry about the leadership of the USA.

[Catonahottinroof]

Brits, along with the Germans are the economic engine that supported the EU. Will Germany continue to be pillaged by Italy, Greece and Spain?
I do believe the majority of voting Brits said enough is enough.

[KeithKSR]

ThiS has been brewing since the collapse of the Soviet Union. West German support for East Germany led to financial support for the Eastern bloc nations and much of Southern Europe. Support for all those nations has now been seriously weakened. It will now fall on Germany to carry the entire load. I wonder where the European nations will now turn for support. It will have to be a financially big, if not sound, "progressive" government foolish enough to do it. If they find such a country it will also have to have afoolish enough leader to go all in.

Unfortunately we have a fool in the White House, fortunately he is a short timer.

[Doc]

Brits, along with the Germans are the economic engine that supported the EU. Will Germany continue to be pillaged by Italy, Greece and Spain?
I do believe the majority of voting Brits said enough is enough.

Exactly

[CitizenBBN]

There's a bunch of buzz about the struggles Britain will have, but that's misplaced IMO. The big question is how the EU will do with one less working family member and the same number of lazy kids who refuse to get a job.

They for sure will enjoy not being told they can't sell eggs by the dozen any more, along with a ton of other stupid regulations being cranked out of Brussels by the biggest bureaucracy we've ever seen.

[Doc]

Supposedly was a bad market day due to this. Didn't affect me at all. In fact my portfolio gained 4K today. I keep having bad days like that, I can retire next year!

[CitizenBBN]

There's always a panic when things change like this, if I had access to the markets and enough liquid cash to make it worthwhile I'd buy pounds big time, in a few weeks it'll go up.

[Darrell KSR]

Dow plunges more than 600 points on ‘Brexit’ vote, estimated $2.1 trillion in losses http://trib.al/yafgoDc http://twitter.com/ABC/status/746604617736269824/photo/1

[Darrell KSR]

How the Brexit vote will impact Americans.

Good short article for the unsophisticated in us (like me).

http://abcn.ws/28V1Twu

[kingcat]

When I was much younger (early seventies, late sixties I believe) I heard this move prophesied by a man named Howard C. Estep.

The EU was referred to by him as the revived Roman empire, having a common currency and such. he claimed that the United States and England (The Lion) will stand in defiance of the EU and in defense of Israel when the anti-Christ (one world leader) emerges and the rest of the world agrees to follow his lead.
He described the exit of England and several other moves made in a short period to form a final ten nation alliance.

Followed by a move to march across, and tame, the war ravaged middle east and establish world wide peace.

That world leader would finally operate from that region as "god"

Interesting.

[KeithKSR]

Dow plunges more than 600 points on ‘Brexit’ vote, estimated $2.1 trillion in losses http://trib.al/yafgoDc http://twitter.com/ABC/status/746604617736269824/photo/1

Paper losses that will disappear when the market rebounds. The only real losses come from those selling for less than they paid for the stock.

[CitizenBBN]

Dow plunges more than 600 points on ‘Brexit’ vote, estimated $2.1 trillion in losses http://trib.al/yafgoDc http://twitter.com/ABC/status/746604617736269824/photo/1

It'll come right back.

If our President had a brain in his head he'd immediately start working on a project I suggested 20 years ago, a trading bloc that joins against the EU and China specifically.

Go after the former Soviet states and the Pacific nations. BUt now with Britain looking for a new closest trading partner and with China threatening the Pacific not just economically but militarily the time is perfect.

That's how a real politik thinker builds security, not with leftist wishful thinking that the evil of the world will just stop being evil if we roll over, but by forging strength with like minded nations.

Brexit has left us with a great economic opportunity. I hate to tout Trump b/c I think he's a lousy candidate for President, but he's far less lousy than Clinton and I do think he would tend to seize such opportunities for trade.

[MickintheHam]

It'll come right back.

If our President had a brain in his head he'd immediately start working on a project I suggested 20 years ago, a trading bloc that joins against the EU and China specifically.

Go after the former Soviet states and the Pacific nations. BUt now with Britain looking for a new closest trading partner and with China threatening the Pacific not just economically but militarily the time is perfect.

That's how a real politik thinker builds security, not with leftist wishful thinking that the evil of the world will just stop being evil if we roll over, but by forging strength with like minded nations.

Brexit has left us with a great economic opportunity. I hate to tout Trump b/c I think he's a lousy candidate for President, but he's far less lousy than Clinton and I do think he would tend to seize such opportunities for trade.
I don't know that it will come"right back", but it will come back. When stocks in financial instutions take a hard hit, it tends to take longer. Until there is a defined negotiation period for Britain's exit, the rebound will be slow.

My comments apply mainly to the European markets. The US will rebound on a fairly swift basis once US companies assess the impact of their European operations. That will take weeks to a few months US stocks will be helped by International investors seeking safe heaven. Britain will be years in repairing the damage.

[CitizenBBN]

I don't know that it will come"right back", but it will come back. When stocks in financial instutions take a hard hit, it tends to take longer. Until there is a defined negotiation period for Britain's exit, the rebound will be slow.

I agree it's months, maybe even a couple of years before it's fully rolling, and if Hillary wins it still wont' be (but not bc of Brexit), but it will come back. I just meant it's not some permanent condition.

Paper money, it comes and goes at a whim. Right now if I had enough to make a difference I'd be buying pounds.

[MickintheHam]

I agree it's months, maybe even a couple of years before it's fully rolling, and if Hillary wins it still wont' be (but not bc of Brexit), but it will come back. I just meant it's not some permanent condition.

Paper money, it comes and goes at a whim. Right now if I had enough to make a difference I'd be buying pounds.

no doubt the pound is under valued. But even now my contrarian self would have a tough time investing in anything European. Too many goofy bleeding hearts are in control.

[UKHistory]

lol. The russians would laugh themselves to death at all the BS rules and regs of the EU. So would any other sane people, which is apparently about 52% of Brits.

The Russians would not tolerate the red tape of the EU for any period. But a real concern is that the EU issues could weaken NATO which hurts the US.

And let us all be clear, any type of win for Russia or China is a loss to America. I would not like the sphere of Russian influence to expand back to Eastern Europe or move westward.

[Doc]

Dow plunges more than 600 points on ‘Brexit’ vote, estimated $2.1 trillion in losses http://trib.al/yafgoDc http://twitter.com/ABC/status/746604617736269824/photo/1

three words....BUY, BUY, BUY

[MickintheHam]

three words....BUY, BUY, BUY

Two words Buy American.

[KeithKSR]

Dow rebounds 1.57% today, which says a lot given the Isis terror attack in Turkey.

[MickintheHam]

Dow rebounds 1.57% today, which says a lot given the Isis terror attack in Turkey.

Alas, terror attacks seem to have minimal impact if any on the markets. Orlando, Paris, San Bernandino are already priced into the market values. I remember back after 9/11 our phones at work didn't ring. A business that had 300 orders a year had five in three months. The world today takes note, but it goes about its business. Pretty much the Hildabeast's and Barry's approach as well.

[KeithKSR]

Alas, terror attacks seem to have minimal impact if any on the markets. Orlando, Paris, San Bernandino are already priced into the market values. I remember back after 9/11 our phones at work didn't ring. A business that had 300 orders a year had five in three months. The world today takes note, but it goes about its business. Pretty much the Hildabeast's and Barry's approach as well.

They downplay it and blame it on firearms. If I knew on '08 what I know now I'd have shifted all my 403b to firearms manufacturers and would have had a much larger account balance now.

[Darrell KSR]

three words....BUY, BUY, BUY
I have so little it doesn't impact me much regardless... But the generic institutional email advice they sent to all their clients, including me, just said nothing has changed, it's long term and will be fine.

[Doc]

Dow rebounds 1.57% today, which says a lot given the Isis terror attack in Turkey.

That wasn't a terrorist attack. It was "workplace violence". Terrorists don't attack because they don't exist. They are just a figment of our imagination, a poorly conceived conspiracy concocted by right wing radicals.

[Doc]

I have so little it doesn't impact me much regardless... But the generic institutional email advice they sent to all their clients, including me, just said nothing has changed, it's long term and will be fine.

My financial people sent me one as well following Brexit. Personally I always take downturns in the market as good for me. Its the time to buy. Buy low/sell high. I'm not at the selling point and have available funds in my portfolio to buy.

[MickintheHam]

My financial people sent me one as well following Brexit. Personally I always take downturns in the market as good for me. Its the time to buy. Buy low/sell high. I'm not at the selling point and have available funds in my portfolio to buy.

Banks, brokerage hours, any institution that has their livihood at stake based on market performance are always going to say in the long run everything is ok. And, it always is. This week was the best buying opportunity in a while. However, I'm not looking at the days when I cash in or cash out, whichever. And BTW there will be more buying opportunities with BREXIT in the coming months. There has been recovery, but it is not over.