The Brexit Vote

[AUcivE09 582]

or maybe they become a superpower and rival the US.

They don't have the land area nor the manpower (population) to do that.

I realize this, and perhaps this is the wrong place to throw out something outlandish. Maybe a more tempered statement for the board would have been to say "Maybe they become the 3rd or 4th largest economy. My honest expectation is for things to remain much the same.

[TitanTiger 20,499]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

[TexasTiger 12,961]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

It may not be that different, period. If they want access to the common market, allowing similar immigration is required. Unless that changes, I'm not sure what they will have "gained."

[TitanTiger 20,499]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

It may not be that different, period. If they want access to the common market, allowing similar immigration is required. Unless that changes, I'm not sure what they will have "gained."

That's assuming the EU doesn't have to fend off similar initiatives in other countries.

https://www.washingtonpost.com/news/worldviews/wp/2016/06/23/these-countries-could-be-next-if-britain-leaves-the-e-u/

http://www.theguardian.com/politics/2016/jun/27/frexit-nexit-or-oexit-who-will-be-next-to-leave-the-eu

If such sentiments continue to gather steam, then the EU may have to make adjustments to some of these requirements, giving each country more control over how many immigrants to accept each year and so on.

[TheBlueVue 177]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

Agree on all points and the net effect is Britain regains it sovereignty which, despite what Obama claims, is not an out dated concept, in fact, it is THE reason "leaving" the EU won. This kind of discontent is manifesting everywhere even here in the good ole USA.

[TexasTiger 12,961]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

It may not be that different, period. If they want access to the common market, allowing similar immigration is required. Unless that changes, I'm not sure what they will have "gained."

That's assuming the EU doesn't have to fend off similar initiatives in other countries.

https://www.washingtonpost.com/news/worldviews/wp/2016/06/23/these-countries-could-be-next-if-britain-leaves-the-e-u/

http://www.theguardian.com/politics/2016/jun/27/frexit-nexit-or-oexit-who-will-be-next-to-leave-the-eu

If such sentiments continue to gather steam, then the EU may have to make adjustments to some of these requirements, giving each country more control over how many immigrants to accept each year and so on.

True-- that's what I meant by "unless that changes."

[homersapien 11,393]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

Hope you're right, but from a personal standpoint, I've got over 50 grand to make up (so far).

[TitanTiger 20,499]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

Hope you're right, but from a personal standpoint, I've got over 50 grand to make up (so far).

If I were older and closer to retirement, obviously this would be a much bigger concern to me. I understand not wanting some cataclysmic event happening right at that point for some. But if you're not, there are many years for things to adjust to the "new normal" before retirement and I honestly don't see this becoming some sustained downward spiral regardless.

[homersapien 11,393]

I think there's a ton of overheated panic related to this. I don't know that Britain is going to surge to new heights, but neither am I convinced that it's some harbinger of doom for them either. I likewise think that once people quit running around like the Martians are invading, things will stabilize and settle down and life will go on more or less the same. But Britons will have more control over their country than they had before and that, if they can bring some stern correction to the xenophobes who've leeched on to this whole thing, is a good thing. Brussels too often thinks they know what's best for everyone, sort of like another political hub I'm familiar with.

Hope you're right, but from a personal standpoint, I've got over 50 grand to make up (so far).

If I were older and closer to retirement, obviously this would be a much bigger concern to me. I understand not wanting some cataclysmic event happening right at that point for some. But if you're not, there are many years for things to adjust to the "new normal" before retirement and I honestly don't see this becoming some sustained downward spiral regardless.

That's what I am counting on.

[icanthearyou 4,463]

Could this be as simple as, the economic implications of the European Union are good but, the political implications of the Eurozone are not so good and, the latter (whether real or perceived) is attempting to impose on the former?

As for the financial markets, perhaps the "overheated panic" is part of this strange new paradigm in which the central banks and largest financial institutions ARE the economy? I can't tell any more if economic fundamentals drive the global economy or, is it driven by contrived interest rates and currency valuations.

Is the fundamental question,,, is the global economy creating a better world or, a worse one? Are we promoting prosperity or calamity? Are we creating broad economic development or, merely promoting exploitation? What is the fundamental concern, short term financial gain or, long term economic growth? Politically, are we effectively balancing these interests?

[Guest NC1406]

Could this be as simple as, the economic implications of the European Union are good but, the political implications of the Eurozone are not so good and, the latter (whether real or perceived) is attempting to impose on the former?

As for the financial markets, perhaps the "overheated panic" is part of this strange new paradigm in which the central banks and largest financial institutions ARE the economy? I can't tell any more if economic fundamentals drive the global economy or, is it driven by contrived interest rates and currency valuations.

Is the fundamental question,,, is the global economy creating a better world or, a worse one? Are we promoting prosperity or calamity? Are we creating broad economic development or, merely promoting exploitation? What is the fundamental concern, short term financial gain or, long term economic growth? Politically, are we effectively balancing these interests?

Excellent questions and comment. Many are quick to point to "racism" as the reason for the disappearing middle class's anger. While uncontrolled immigration is a big problem, the real issue is what has become of our economies. Central banks actions have consequences and we are just beginning to experience the negatives from their latest actions.

[maxwere 82]

Could this be as simple as, the economic implications of the European Union are good but, the political implications of the Eurozone are not so good and, the latter (whether real or perceived) is attempting to impose on the former?

As for the financial markets, perhaps the "overheated panic" is part of this strange new paradigm in which the central banks and largest financial institutions ARE the economy? I can't tell any more if economic fundamentals drive the global economy or, is it driven by contrived interest rates and currency valuations.

Is the fundamental question,,, is the global economy creating a better world or, a worse one? Are we promoting prosperity or calamity? Are we creating broad economic development or, merely promoting exploitation? What is the fundamental concern, short term financial gain or, long term economic growth? Politically, are we effectively balancing these interests?

Good post!

I'd argue the prevailing worldview is dualistic in nature. That, the word 'economy' means two entirely different things when you're talking about global (central bank + banking cartel driven) macro vs the daily exchange of local individuals on "main" street. (I don't see global vs local economy as fair dialectic... eg its an oversimplification to say Walmart bad, local store good)

I think traders and bankers know the fundamentals suck just about everywhere. They have significant target returns to maintain and have to keep dancing until the music stops. (Brexit may be just a long pause between songs.) There is no "yield" to be made without significant risk. Only prospects are "growth". Even negative yield is considered a "growth" prospect (in that the rate of negativity will fall even farther).

[TitanTiger 20,499]

Dow closes up more than 250 points as Brexit fear wanes

[AURaptor 1,125]

Dow closes up more than 250 points as Brexit fear wanes

But ....but Britain is going to float away and fall off the edge of the Earth !

:'(

[japantiger 4,051]

Dow closes up more than 250 points as Brexit fear wanes

But ....but Britain is going to float away and fall off the edge of the Earth !

:'(

Damn, I was hoping for the Zombie apocalypse. I was wanting to use the new 308...oh well, maybe when the French leave the EU...something to look forward to.

[Auburnfan91 1,407]

#regrexit

Wow, talk about egg on your face. That "petition" was a prank and not legit to begin with.

http://heatst.com/uk...ort-it-as-real/

[AU-HANDLEY-TIGER 205]

A country that colonized and laid waste to half the world now wants isolationism?

Ever wonder why wherever the Brits colonized turned out pretty successful compared to wherever say the French settled?

[AU-HANDLEY-TIGER 205]

Knowing many people from the UK can tell you that Obama's little press conference pissed them off to no end, it was a major blunder by Cameron.

[AUDub 11,158]

#regrexit

Wow, talk about egg on your face. That "petition" was a prank and not legit to begin with.

http://heatst.com/uk...ort-it-as-real/

77,000 were chopped for being fraudulent. How many have signed it overall?

[AURaptor 1,125]

Knowing many people from the UK can tell you that Obama's little press conference pissed them off to no end, it was a major blunder by Cameron.

Hold on, I thought it was silly to think that Obama's comments had anything to do with Brexit! You say you know people from the UK, I'm assuming you mean Kentucky right?

[AUUSN 823]

A country that colonized and laid waste to half the world now wants isolationism?

Ever wonder why wherever the Brits colonized turned out pretty successful compared to wherever say the French settled?

Iraq...

[TexasTiger 12,961]

Knowing many people from the UK can tell you that Obama's little press conference pissed them off to no end, it was a major blunder by Cameron.

Hold on, I thought it was silly to think that Obama's comments had anything to do with Brexit! You say you know people from the UK, I'm assuming you mean Kentucky right? :laugh:/>

Been many times, most folks I know could not care less, and the ones who didn't like it were still not influenced by it.

[Auburnfan91 1,407]

Wow, talk about egg on your face. That "petition" was a prank and not legit to begin with.

http://heatst.com/uk...ort-it-as-real/

77,000 were chopped for being fraudulent. How many have signed it overall?

It's certainly not the number that's been reported. And quite a few of those that signed aren't even in the UK. Even the UK votes are suspicious because the number of people that signed it in some cities were higher then the voter turnout in those cities for the 2015 General Election over there.

Even taking into account the number of people that signed from those cities, you're likely not going to have that big of a turnaround of folks who voted to leave suddenly signing a petition to remain. When certain cities were either overwhelmingly supporting leave or at least split, yet on a petition you have almost as many who signed the petition from those same cities now wanting to remain. That's just a giant red flag.

[AURaptor 1,125]

The elites and their dutiful minions are NOT happy. The full court press to deny the will of the people is in play here. The organized socialists are whining because they were overruled.

Anyone who doesn't see this for what it is, the elites trying to turn the machines back on after the day's trading has closed, probably needs some alone time in the gorilla cage.

With a horny gorilla.

TURN THOSE MACHINES BACK ON ! GET EVERYONE BACK HERE ! WE DEMAND A DO OVER !!!

[icanthearyou 4,463]

The elites and their dutiful minions are NOT happy. The full court press to deny the will of the people is in play here. The organized socialists are whining because they were overruled.

Anyone who doesn't see this for what it is, the elites trying to turn the machines back on after the day's trading has closed, probably needs some alone time in the gorilla cage.

With a horny gorilla.

TURN THOSE MACHINES BACK ON ! GET EVERYONE BACK HERE ! WE DEMAND A DO OVER !!!

Who are these "organized socialists, specifically"?