BREXIT!

[Deleted]

You think it will recover tomorrow? 

[Value Buy]

The BCC just called it.
The exit people won.

[Value Buy]

Jun 22, 2016 19:48:16 GMT -5 Virgil Showlion said:

Tomorrow! ...or today, if today is Thursday!

Britain is faced with the choice: stay in the EU and nobly go down with the ship, or set out to stormy seas aboard rickety lifeboats. One way lies a brief reprieve and certain doom; another way lies pain, uncertainty, and slim hope of survival.

Polls are close, with "remain" (in the EU) enjoying an ever-so-slight lead in the latest polls.

TPTB are pulling out all the stops. 24-hour news coverage on the "apocalypse" Britons will face if they vote to leave. British celebrities like Liam Neeson and U2's "Bono" issuing similar warnings, pleading for Britons to embrace unity--the noble unity of joining arms with their European brethren as the European experiment plunges beneath the waves. This media blitz, as well as the assassination of a British MP by the name of Jo Cox last week "in the name of" the 'Leave' movement, may well have sealed Britain's fate.

Risk assets are coiled like tightly-wound springs, as are currencies and global markets. The pound sterling and Euro are ready to crash or surge pending the outcome. Billions will be made and lost pending the outcome of the vote.

Will the UK choose cancer or the car crash? A slow, certain death, or an instant cataclysm with marginal odds of surviving?

We FIND OUT TOMORROW!

Or... today, if it's Thursday.

Looks like they went with the car crash scenerio......

[Value Buy]

If Great Britain could do this, we now have to re-think Trump and his run for the Presidency.
I think he just upped his chances.
The world has tilted away from the status quo.

[Aman A.K.A. Ahamburger]

Jun 22, 2016 19:48:16 GMT -5 Virgil Showlion said:

I just love probability.. So who's next off the ship? (As Chinese bankruptcies are starting to spike)

What European Country Could 'Brexit' Next?

[Virgil Showlion]

Goodbye markets.

And UK: good going. I... Wow.

I didn't think you had it in you.

The "car crash or cancer" analogy is fitting. Britain is going to feel this. But... they saw the writing on the wall and made the right decision.

[Deleted]

So how much of an issue will this cause us? Dow finally popped above 18k today...

[Virgil Showlion]

Jun 23, 2016 23:13:45 GMT -5 oped said:

So how much of an issue will this cause us? Dow finally popped above 18k today...

It's anyone's guess. The stock market decoupled from fundamentals years ago.

The broader indexes are down ~4.5% as of now. My guess is that's roughly where the day will end too.

[Wisconsin Beth]

Jun 23, 2016 23:13:45 GMT -5 oped said:

So how much of an issue will this cause us? Dow finally popped above 18k today...

oh, the usual "Human sacrifice, dogs and cats living together - mass hysteria"

[weltschmerz]

Jun 23, 2016 22:42:29 GMT -5 Value Buy said:

The BCC just called it.
The exit people won.

Good.

[Deleted]

Do you think the immigrants already there from eu will be allowed to stay? I saw they said yes, but I'm not counting on it.

[Deleted]

And does Scotland call another independence vote now?

[bimetalaupt]

Time for GB to Grow!!!!!

[Deleted]

Several folks from EU countries are in the office this week and none of them thought this would happen, work should be interesting tomorrow. Depending on the EU/UK negotiation global manufacturers may need to rethink supplying Europe from plants in the UK.

[Aman A.K.A. Ahamburger]

Jun 23, 2016 23:43:18 GMT -5 oped said:

And does Scotland call another independence vote now?

That's the word on the street... plus, Dutch anti-immigration leader Wilders calls for Dutch referendum on EU membership

Nothing kills investment like uncertainty... If this really starts coming apart, I wonder who is going to be left holding the bag on the ESM, the EFSF, and the EFSM?(Better known as the black hole banking system)

[steff]

Prime Minister Cameron resigns.  Breaking news just now. 

[Wisconsin Beth]

I didn't think they'd dd o it, t o be honest. And I sure didn't think their PM would resign.

[happyhoix]

Jun 23, 2016 23:43:18 GMT -5 oped said:

And does Scotland call another independence vote now?

Interesting question, I think 2/3 Scotland voted to stay. Can't be pleased with their British neighbors.

[happyhoix]

Jun 24, 2016 0:38:22 GMT -5 @aj said:

Several folks from EU countries are in the office this week and none of them thought this would happen, work should be interesting tomorrow. Depending on the EU/UK negotiation global manufacturers may need to rethink supplying Europe from plants in the UK.

Our company is based in France but has some factories in the UK. Wonder how that will impact us.

[Value Buy]

Jun 23, 2016 23:42:53 GMT -5 oped said:

Do you think the immigrants already there from eu will be allowed to stay? I saw they said yes, but I'm not counting on it.

Britain is full of "immigrants" now, from around the world. The ME immigration might have been the final straw. They were not from the old colonies......
The vote yesterday was more about POLITICAL independence rather than immigration issues.
The EU started as an economic machine to compete in the world against the USA and Asian behemoths who used technology and simple economic numbers of mass to out perform smaller countries that consisted in Europe. They tore the borders down for economic efficiencies.
Unfortunately, the EU had morphed into a political machine where the elite became much stronger and ignored the citizens of the EU.
Brussels, Paris and Berlin were now in charge of everything. It has become a miniature version of the old Soviet Union of the sixties and seventies.
Also, remember Britain never gave up their own currency. They were never "all in" on the whole EU thing.

[Value Buy]

Jun 24, 2016 5:50:42 GMT -5 deminmaine said:

Prime Minister Boris, and President Trump. Whew, prospects for the future are dizzying!

Kind of like 2008
Change for change sake.
You guys were happy about that at the time, and most of you are still slap happy giggly over it.

[Value Buy]

Please remember nothing has changed. The vote was not a binding one.
Britain always is slow to make and accept change.
Right now we are at the "peasant uprising with pitch fork level".
We still have to go through the French level of "let them eat cake", before we go to the actual step of leaving the Union. 

[Opti]

Jun 24, 2016 5:58:57 GMT -5 @sroo4 said:

Wow!  I really didn't think the 'Leaves' would have the majority. I think if nothing else this was a grand wake up call for Germany and the EU elite that they made a power grab and it backfired. I see an interesting future in store for Europe. 

Yes it will be interesting to see what happens next. My initial research points to leaving as possibly a two year long process. It will be informative to see how it unfolds.

<---- think I will need a lot of this.

[Value Buy]

Everyone does understand it was not all about immigrants. Britain could not face the fact that their electric teapots and toasters had been outlawed by the EU due to electrical useage being too high.
They just overthrew the equivilant of our EPA.

There were a lot of moving parts involved in the leave faction win.

[Tennesseer]

Jun 24, 2016 7:20:19 GMT -5 deminmaine said:

My mother will be happy. She's Dutch. She doesn't much care for the English anyway.

Apparently, the feeling is mutual.

[Value Buy]

Jun 24, 2016 7:42:36 GMT -5 Opti said:

Jun 24, 2016 5:58:57 GMT -5 @sroo4 said:

Wow!  I really didn't think the 'Leaves' would have the majority. I think if nothing else this was a grand wake up call for Germany and the EU elite that they made a power grab and it backfired. I see an interesting future in store for Europe. 

Yes it will be interesting to see what happens next. My initial research points to leaving as possibly a two year long process. It will be informative to see how it unfolds.

<---- think I will need a lot of this.

Quite frankly, I would not be surprised to see that it never happens.
Should see some negotiations and concessions to Britain over the next year. Britain wants more power in the Union, and less central government control.
Of course if Cameron did resign, and a new government is formed that is absolutly pro leave, it may be a done deal.
At least they never had to overthrow Brussels and the power structure like we did to them to gain our freedom.

[Value Buy]

Last night one of the news stations was blaming Obama for the mess.
They said Britain was pro-stay until he went over there and told them they had to stay in ther EU.
The next week the leave movement started gaining strength.
Evidently the Brits did not appreciate the President telling them what to do.

We felt the same way about the King in 1775

[Value Buy]

Now we are in a mess.
Cameron stood with the President on the Middle East strategy.
How does the potential new PM stand on the ME?

[Deleted]

Jun 24, 2016 7:37:20 GMT -5 Value Buy said:

Jun 23, 2016 23:42:53 GMT -5 oped said:

Do you think the immigrants already there from eu will be allowed to stay? I saw they said yes, but I'm not counting on it.

Britain is full of "immigrants" now, from around the world. The ME immigration might have been the final straw. They were not from the old colonies......
The vote yesterday was more about POLITICAL independence rather than immigration issues.
The EU started as an economic machine to compete in the world against the USA and Asian behemoths who used technology and simple economic numbers of mass to out perform smaller countries that consisted in Europe. They tore the borders down for economic efficiencies.
Unfortunately, the EU had morphed into a political machine where the elite became much stronger and ignored the citizens of the EU.
Brussels, Paris and Berlin were now in charge of everything. It has become a miniature version of the old Soviet Union of the sixties and seventies.
Also, remember Britain never gave up their own currency. They were never "all in" on the whole EU thing.

Actually exit polls showed leave votes state immigration was biggest issue.

[billisonboard]

Isn't Europe over due for another war? Hope we stay out of it this time.