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Thread: Brexit Wins — Markets Roiled

  1. #31
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    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  2. #32
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    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  3. #33
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    Quote Originally Posted by Dave Grubb View Post
    This is possibly the most disheartening discussion we have ever embarked on

    I was thinking last night that the most positive thing about this political season might be that I haven't seen or heard the irritating voice of Sarah Palin recently.
    LOL I'm betting she's going to be his VEEP

    bumpersticker by NT Candy, on Flickr

  4. #34
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    Quote Originally Posted by 2ndthyme View Post
    LOL I'm betting she's going to be his VEEP
    Please, no...Just no......Ben
    The future is forged on the anvil of history...The interpreter of history wields the hammer... - Unknown author...

  5. #35
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    How did Brexit devolve to Palin? Odd that she would still dominate the liberal mind so thoroughly.
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  6. #36
    Wannabe is offline Nov 5, 1946 - Nov 19, 2018
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    Quote Originally Posted by wacojoe View Post
    How did Brexit devolve to Palin? Odd that she would still dominate the liberal mind so thoroughly.

    That's just the way they re Joe. 100 years from now they will still be slobbering at the mouth about Bush, Palin, and Trump. They are bullies. Just hide and watch.
    Bob

  7. #37
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    Quote Originally Posted by wacojoe View Post
    How did Brexit devolve to Palin? Odd that she would still dominate the liberal mind so thoroughly.
    The liberal mind is closed and is not capable of rational thought. They have nothing new to whine about, so they have to go back to what worked last time.

  8. #38
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    For those wondering and who haven't been keeping up — our markets are as if Brexit never happened. Scare from one-worlders was bullsh!t.

    Oh, EU is slowly or, speedily depending on your point of view, falling apart like a cheap watch.
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  9. #39
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    Quote Originally Posted by wacojoe View Post
    For those wondering and who haven't been keeping up — our markets are as if Brexit never happened.
    It took a nosedive the first two days, leveled out, then climbed right back where it was...I'm sure some panicked and and sold too cheap...I pity da fools......Ben
    The future is forged on the anvil of history...The interpreter of history wields the hammer... - Unknown author...

  10. #40
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    At this point in time, all the scaremongering of the "experts" prior to Brexit predicting financial doom for GB continues to fall flat on its face. GB is doing just fine thank you.

    http://www.express.co.uk/news/uk/702...scaremongering
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  11. #41
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    Check back on this six months from now and see how they are doing.
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  12. #42
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    You might not have to wait 6 months. The pound is at a three decade low.

    ...and being an opportunist and our 50th wedding anniversary on the horizon, I have given my wife a lengthy leisurely tour of England, Ireland and Scotland. I'm now in the waiting game to secure her spending money.
    Last edited by Dave Grubb; 10-04-2016 at 01:35 PM.
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  13. #43
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    The pound sterling continues to drop as speculation sets in —

    https://www.ft.com/content/dfb375be-...7-e7ada1d123b1
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  14. #44
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    I wish the Brits no misfortune but while I understand their misgivings toward the EU I believed at the time the exit was not a good move and I still hold that opinion. This is from today's WSJ:

    Brexit is turning ugly in financial markets. The pound is the most obvious casualty, with Friday bringing a short-lived collapse against the dollar in Asian trading hours. But U.K. government bonds are also suffering. That is an unpleasant mix.

    The pound has now dropped more than 25 cents against the dollar since the Brexit vote and more than five cents this week alone. Friday, the currency dropped more than 6% in minutes before rebounding back above $1.24, a move that is being attributed to algorithmic trading in thin markets. The respite was short-lived, with sterling then slipping below $1.23 in London. Meanwhile, 10-year gilt yields have risen more than 0.2 percentage point this week, a big move, taking yields to a three-month high. That is despite the Bank of England’s ultraloose policy and renewed bond purchases.

    The problem with Brexit is reconciling the political need to assuage the myriad concerns that generated the June 23 vote to leave the European Union with the reality of a U.K. economy that is deeply entwined with the continent. That task looks hard to manage, which raises the risk of a disruptive departure that affects many of the U.K.’s established relationships. That requires a political-risk premium to be priced in—something that advanced-economy markets only do when forced to, leading to sharp adjustments.
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
    "Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
    “You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis

  15. #45
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    Quote Originally Posted by wacojoe View Post
    The pound sterling continues to drop as speculation sets in —
    That should bring a lot of dollars into GB that consequently won't get spent here......Ben
    The future is forged on the anvil of history...The interpreter of history wields the hammer... - Unknown author...

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