Brexit sets global economy reeling

by Ben Reilly Fri Jun 24, 2016 3:50 pm

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge.

The blow to investor confidence and the uncertainty the vote has sparked could keep the Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks.

The traditional safe-harbor assets of top-rated government debt, the Japanese yen and gold all jumped. Spot gold rose more than 5 percent and the yield on the benchmark 10-year U.S. Treasury note fell to lows last seen in 2012 at 1.5445 percent.

Stocks tumbled in Europe. London's FTSE .FTSE dropped 2.4 percent while Frankfurt .GDAXI and Paris .FCHI each fell 6 percent to 8 percent. Italian FTMIB and Spanish .IBEX markets, and European bank stocks overall .SX7P, were headed for their sharpest one-day drops ever.

Worries that other EU states could hold their own referendums were compounded by the fact that markets had rallied on Thursday, seemingly convinced the UK would vote to stay in.

Britain's big banks took a $100 billion battering, with Lloyds (LLOY.L), Barclays (BARC.L) and RBS (RBS.L) plunging as much as 30 percent.

Stocks on Wall Street opened more than 2 percent lower but cut losses after about an hour of trading. The Dow Jones industrial average .DJI fell 340.24 points, or 1.89 percent, at 17,670.83, the S&P 500 .SPX lost 42.11 points, or 1.99 percent, at 2,071.21 and the Nasdaq Composite .IXIC dropped 116.74 points, or 2.38 percent, at 4,793.31.

MSCI's all-country world stock index .MIWD00000PUS fell 3.5 percent.

Having campaigned to keep the country in the EU, British Prime Minister David Cameron announced he would step down.

http://www.reuters.com/article/us-global-markets-idUSKCN0Z92MZ

by eddie Fri Jun 24, 2016 3:52 pm

Do you think you can find a positive story now?
With all that negativity you're turning into a British male.

Brexit sets global economy reeling 2794048296

Brexit sets global economy reeling 2794048296

by Ben Reilly Fri Jun 24, 2016 3:55 pm

eddie wrote:Do you think you can find a positive story now?
With all that negativity you're turning into a British male.

I'm supposed to go looking for positives when $2 trillion just evaporated from the world market?!

by Guest Fri Jun 24, 2016 3:56 pm

eddie wrote:Do you think you can find a positive story now?
With all that negativity you're turning into a British male.

Well, I'm 'POSITIVE' that this global financial tsunami is exactly what 'CHEETO JESUS' understands; no one can lose as many millions as he has - filed bankruptcy as often has he did and still float in his own cesspool Brexit sets global economy reeling 1399249160

Brexit sets global economy reeling 1399249160

How's that Brexit sets global economy reeling 2681620681

by eddie Fri Jun 24, 2016 3:57 pm

Ben Reilly wrote:
eddie wrote:Do you think you can find a positive story now?
With all that negativity you're turning into a British male.

I'm supposed to go looking for positives when $2 trillion just evaporated from the world market?!

Ah so someone pressed a button and some digits disappeared.
I wouldn't worry. We won't notice it, I bet.

by eddie Fri Jun 24, 2016 3:58 pm

And here comes all the scary monster stories just to bully us.

Meh.

by Guest Fri Jun 24, 2016 4:14 pm

eddie wrote:
Ben Reilly wrote:I'm supposed to go looking for positives when $2 trillion just evaporated from the world market?!
Ah so someone pressed a button and some digits disappeared.
I wouldn't worry. We won't notice it, I bet.

No, for people that don't have small businesses that are financed by those lending institutions that have invested heavily into the British Pound - or 401k retirements that are taking hits {yet again} ...certainly; those people can shrug their shoulders and maintain a 'give-a-shit' attitude because it didn't have a immediate impact upon your pocket book/monthly income from those investments - jobs!

Brexit sets global economy reeling 2387050134

Brexit sets global economy reeling 2387050134

Nooooo, problem!

by nicko Fri Jun 24, 2016 4:18 pm

Did you notice certain posters were saying Britain is just a no account little island with no clout on the world stage, funny how the other countries are running around shouting FIRE.

by eddie Fri Jun 24, 2016 4:20 pm

Well the British people have voted to take back their country (to an extent anyway).
There will always be winners and losers and for once, whether any of you across the pond care or not, the British public feel like they've had their say and they have won a small victory.

See we've been seeing poorer people get poorer here for ages....so... Not sure what you expect us to do really?

by Raggamuffin Fri Jun 24, 2016 4:20 pm

We knew this would happen - well I knew it would anyway. It's not a surprise is it?

Anyway, Shell shares are up ...

by Ben Reilly Fri Jun 24, 2016 4:34 pm

eddie wrote:Well the British people have voted to take back their country (to an extent anyway).
There will always be winners and losers and for once, whether any of you across the pond care or not, the British public feel like they've had their say and they have won a small victory.

See we've been seeing poorer people get poorer here for ages....so... Not sure what you expect us to do really?

Nearly half of the British people did the exact opposite.

by Ben Reilly Fri Jun 24, 2016 4:36 pm

nicko wrote:Did you notice certain posters were saying Britain is just a no account little island with no clout on the world stage, funny how the other countries are running around shouting FIRE.

I think you'll find we were making fun of the mindset of certain posters, not downplaying the economic importance of the UK on the world stage.

by eddie Fri Jun 24, 2016 4:40 pm

Ben Reilly wrote:
eddie wrote:Well the British people have voted to take back their country (to an extent anyway).
There will always be winners and losers and for once, whether any of you across the pond care or not, the British public feel like they've had their say and they have won a small victory.

See we've been seeing poorer people get poorer here for ages....so... Not sure what you expect us to do really?

Nearly half of the British people did the exact opposite.

Time for them to accept something they don't want and live with it.
You can't please everyone.

What's the big deal? It's a chance to change for the better - if people think the glass is half full then they're the sort of people who think like that anyway.

by Victorismyhero Fri Jun 24, 2016 4:43 pm

yeah...well get used to it

oh and that 2 trillion??

well whadya know...it doesnt really exist....
@4ever....

and some small businesses can look forward to not being regualated out of existance...when all they want to do is trade locally...
where local regulations , which can still acheive the same objectives...i.e product safety, need be neither as rigid OR as admin heavy as EU stupidity...

by Guest Fri Jun 24, 2016 4:43 pm

Well, this even caught the NYSE with their Brexit sets global economy reeling 2187004795

smudged and unclear ...so they were as shell shocked as many stock markets world wide - late last night into this early morning!

And there will be lots of European countries looking at England with that 'ole stink eye' - not quiet sure WTF you are going to pull next while trying to shore up & renegotiate those labor contracts and trade agreements.

Fitch Ratings declared the outcome "credit negative for most sectors in the U.K.," while S&P reiterated that it may lower U.K.'s primary rating by more than one notch because the vote will "deter investment in the economy," damage the sterling and undermine the financial sector.
Kyodo News reported that one Japanese cabinet official said that a free trade agreement between Japan and the EU — under negotiation since 2013 — would be difficult to reach this year as a result of the Brexit vote. The EU is one of Japan’s largest trading partners.
In Scotland, where "remain" won in every local polling authority, the Scottish National Party may well follow through on its threat to demand a new independence referendum so that Scotland can remain in the EU after the United Kingdom voted to leave. But there is broad speculation that other nations in the bloc, emboldened by the U.K's decision, will move to leave.
http://www.usatoday.com/story/money/markets/2016/06/24/brexit-bombshell-torpedoes-global-markets/86323890/?hootPostID=7bacc75e0c6445d0dc149a94be25e227

Certainly, it just looks like negative numbers on a post ...but when those negative numbers have hit every country WORLD WIDE that England will now be trying to renegotiate in a uncertain financial market base!
And Jolly Ole' England needs to prove her ability to be Trusted --- the road that this BREXIT has tilled under may take a lot longer than even the 'PRO-EXIT' cheer leaders were prepared for!

by Guest Fri Jun 24, 2016 4:44 pm

eddie wrote:
Ben Reilly wrote:

Nearly half of the British people did the exact opposite.

Time for them to accept something they don't want and live with it.
You can't please everyone.

What's the big deal? It's a chance to change for the better - if people think the glass is half full then they're the sort of people who think like that anyway.

You keep going on about the positives and 'taking our country back'. What do you think are the positives and in what way do you think it's going to be 'taken back'?

by Ben Reilly Fri Jun 24, 2016 4:49 pm

eddie wrote:What's the big deal?

The pound is less valuable than it has been in 31 years ... British banks lost $100 billion ... the UK is poised for breakup ... the rest of the EU will lose one-sixth of its economic product ... the far-right across the world thinks it's winning now ... so sure, no big deal.

by Ben Reilly Fri Jun 24, 2016 4:50 pm

sassy wrote:
eddie wrote:
Ben Reilly wrote:

Nearly half of the British people did the exact opposite.

Time for them to accept something they don't want and live with it.
You can't please everyone.

What's the big deal? It's a chance to change for the better - if people think the glass is half full then they're the sort of people who think like that anyway.

You keep going on about the positives and 'taking our country back'. What do you think are the positives and in what way do you think it's going to be 'taken back'?

Thanks, Sassy -- I was wondering the same thing. Are we now going to see mass deportations or something? Will people have to stop saying that flying the St. George flag is racist? Is tea going to taste better? Will England win the World Cup?

by Victorismyhero Fri Jun 24, 2016 4:55 pm

mass deportations...well we will send you the remainders....like sassy...

these anti democratic types are no longer wanted here.....

by Guest Fri Jun 24, 2016 4:55 pm

Ben Reilly wrote:
sassy wrote:

You keep going on about the positives and 'taking our country back'. What do you think are the positives and in what way do you think it's going to be 'taken back'?

Thanks, Sassy -- I was wondering the same thing. Are we now going to see mass deportations or something? Will people have to stop saying that flying the St. George flag is racist? Is tea going to taste better? Will England win the World Cup?

My daughter said 'stupid fools think they are going back to the 1950s'. I said, sure they do, I was there and it weren't so great.

by Ben Reilly Fri Jun 24, 2016 4:55 pm

Lord Foul wrote:mass deportations...well we will send you the remainders....like sassy...

these anti democratic types are no longer wanted here.....

Ooh, even uglier than I had anticipated. Sieg Heil!

by Victorismyhero Fri Jun 24, 2016 4:56 pm

at your expense of course...

by Guest Fri Jun 24, 2016 4:57 pm

Ben Reilly wrote:
Lord Foul wrote:mass deportations...well we will send you the remainders....like sassy...

these anti democratic types are no longer wanted here.....

Ooh, even uglier than I had anticipated. Sieg Heil!

Yep, shame all those health workers and carers will have to go, let's hope nobody needs them eh?

by Original Quill Fri Jun 24, 2016 5:01 pm

Now is a great time to visit the UK. Their currency is so depressed that they'll pay you to come.

by Victorismyhero Fri Jun 24, 2016 5:03 pm

AND of course....

the lefty berks have only themselves to blame for this shit storm.....

IF the EU had been what it started (and what we were sold) a "trading partnership" a "common market"

I doubt for one instance that there would have been this happening

BUT

the lefty wankers just HAD to go down the lie of "ever closer union"

of a faceless grey and dismal lefty controlled, non democratic (in fact post democratic) bloc in which "the people" have no say in what happens, even within their own locality

where a foreign criminal cant be deported and has to be released back onto our streets...
where a known terrorist take years to deport

where some bureaucrat can come up with a ridiculous regulation that does NOTHING to improve anything...yet ends up costing the individual hundreds if not thousands....

IF the left hadnt gone down THAT line.....

we would still be loving "le frog"

by Guest Fri Jun 24, 2016 5:04 pm

Lord Foul wrote:yeah...well get used to it
oh and that 2 trillion??

well whadya know...it doesnt really exist....
@4ever....

and some small businesses can look forward to not being regualated out of existance...when all they want to do is trade locally...
where local regulations , which can still acheive the same objectives...i.e product safety, need be neither as rigid OR as admin heavy as EU stupidity...

Perhaps you need to 'SNAP' into the 21st century and expand your knowledge about just how much any small business is sustained from 'LOCAL TRADE'
When those people do a goodly amount of trade/purchase ON LINE and those small businesses will be doing the very same thing! Suspect

People just do not spend what little monthly funds that they have right around their own neighborhoods - not since the age of internet/Ebay/Amazon has given us the world at our finger tips!

And I did give you more credit then that Rolling Eyes

by Victorismyhero Fri Jun 24, 2016 5:06 pm

Ben Reilly wrote:
Lord Foul wrote:mass deportations...well we will send you the remainders....like sassy...

these anti democratic types are no longer wanted here.....

Ooh, even uglier than I had anticipated. Sieg Heil!

yeah...like standing against anti democratic types is wrong...oh yes I forgot...you are a lefty too..dyed in the wool "democracy is only ok if it supports a lefty agenda" sort of lefty....

Rolling Eyes

by Ben Reilly Fri Jun 24, 2016 5:08 pm

Lord Foul wrote:
Ben Reilly wrote:
Lord Foul wrote:mass deportations...well we will send you the remainders....like sassy...

these anti democratic types are no longer wanted here.....

Ooh, even uglier than I had anticipated. Sieg Heil!

yeah...like standing against anti democratic types is wrong...oh yes I forgot...you are a lefty too..dyed in the wool "democracy is only ok if it supports a lefty agenda" sort of lefty....

Hey, I'm all for democracy, but sometimes voters make stupid decisions, and this here was a doozy. I'm also for freedom of speech, so expect me to continue to make fun of the British over Brexit for the foreseeable future. Refer to your own sig if you have further questions.

by eddie Fri Jun 24, 2016 5:08 pm

....people get defeated and down about something that hasn't even happened....?
How do you debate a happening that's not happened?

by 'Wolfie Fri Jun 24, 2016 5:08 pm

4EVER2 wrote:
eddie wrote:Do you think you can find a positive story now?
With all that negativity you're turning into a British male.

Well, I'm 'POSITIVE' that this global financial tsunami is exactly what 'CHEETO JESUS' understands; no one can lose as many millions as he has - filed bankruptcy as often has he did and still float in his own cesspool

How's that

APPARENTLY, TRUMP has lost some 5 or 6 billion $$ over the years..

Tomorrow, he'll probably wake up another few hundred million poorer..

by Raggamuffin Fri Jun 24, 2016 5:11 pm

Ben Reilly wrote:
Lord Foul wrote:

yeah...like standing against anti democratic types is wrong...oh yes I forgot...you are a lefty too..dyed in the wool "democracy is only ok if it supports a lefty agenda" sort of lefty....

Hey, I'm all for democracy, but sometimes voters make stupid decisions, and this here was a doozy. I'm also for freedom of speech, so expect me to continue to make fun of the British over Brexit for the foreseeable future. Refer to your own sig if you have further questions.

As long as you don't mind Brits making fun of you when Trump becomes President. Laughing

by Ben Reilly Fri Jun 24, 2016 5:13 pm

WhoseYourWolfie wrote:
4EVER2 wrote:
eddie wrote:Do you think you can find a positive story now?
With all that negativity you're turning into a British male.

Well, I'm 'POSITIVE' that this global financial tsunami is exactly what 'CHEETO JESUS' understands; no one can lose as many millions as he has - filed bankruptcy as often has he did and still float in his own cesspool

How's that

APPARENTLY, TRUMP has lost some 5 or 6 billion $$ over the years..

Tomorrow, he'll probably wake up another few hundred million poorer..

No, didn't you hear? The historically weak pound means turnout at his golf course in Scotland is gonna be HUGE!

by eddie Fri Jun 24, 2016 5:13 pm

Ben Reilly wrote:
sassy wrote:
eddie wrote:
Ben Reilly wrote:

Nearly half of the British people did the exact opposite.

Time for them to accept something they don't want and live with it.
You can't please everyone.

What's the big deal? It's a chance to change for the better - if people think the glass is half full then they're the sort of people who think like that anyway.

You keep going on about the positives and 'taking our country back'. What do you think are the positives and in what way do you think it's going to be 'taken back'?

Thanks, Sassy -- I was wondering the same thing. Are we now going to see mass deportations or something? Will people have to stop saying that flying the St. George flag is racist? Is tea going to taste better? Will England win the World Cup?

Well I'm glad you're not in a bad mood - you couldn't get more negative.
Now imagine I'm paying you to find something good and see what you wind up with.

by Ben Reilly Fri Jun 24, 2016 5:13 pm

Raggamuffin wrote:
Ben Reilly wrote:
Lord Foul wrote:

yeah...like standing against anti democratic types is wrong...oh yes I forgot...you are a lefty too..dyed in the wool "democracy is only ok if it supports a lefty agenda" sort of lefty....

Hey, I'm all for democracy, but sometimes voters make stupid decisions, and this here was a doozy. I'm also for freedom of speech, so expect me to continue to make fun of the British over Brexit for the foreseeable future. Refer to your own sig if you have further questions.

As long as you don't mind Brits making fun of you when Trump becomes President.

When that doesn't happen, I'll make fun of you for thinking it was even within the realm of possibility Brexit sets global economy reeling 2984306523

Brexit sets global economy reeling 2984306523

by Raggamuffin Fri Jun 24, 2016 5:14 pm

Ben Reilly wrote:
Raggamuffin wrote:

As long as you don't mind Brits making fun of you when Trump becomes President.

When that doesn't happen, I'll make fun of you for thinking it was even within the realm of possibility

I didn't think that this country would vote to leave the EU though. Laughing

by 'Wolfie Fri Jun 24, 2016 5:15 pm

eddie wrote:
Ben Reilly wrote:

I'm supposed to go looking for positives when $2 trillion just evaporated from the world market?!

Ah so someone pressed a button and some digits disappeared.
I wouldn't worry. We won't notice it, I bet.

The British £ has crashef through the floor...

And eddie claims now that she won't even notice it..

So, you won't be buying any more imported goods then, eddie?
Nor going abroad any time soon..
Or driving when petrol doubles in price ???

by Ben Reilly Fri Jun 24, 2016 5:15 pm

eddie wrote:
Ben Reilly wrote:
sassy wrote:
eddie wrote:
Ben Reilly wrote:

Nearly half of the British people did the exact opposite.

Time for them to accept something they don't want and live with it.
You can't please everyone.

What's the big deal? It's a chance to change for the better - if people think the glass is half full then they're the sort of people who think like that anyway.

You keep going on about the positives and 'taking our country back'. What do you think are the positives and in what way do you think it's going to be 'taken back'?

Thanks, Sassy -- I was wondering the same thing. Are we now going to see mass deportations or something? Will people have to stop saying that flying the St. George flag is racist? Is tea going to taste better? Will England win the World Cup?

Well I'm glad you're not in a bad mood - you couldn't get more negative.
Now imagine I'm paying you to find something good and see what you wind up with.

If you paid me enough, I wouldn't have to worry about losing my job in a new recession caused by the British! Is that positive?

by Ben Reilly Fri Jun 24, 2016 5:18 pm

Raggamuffin wrote:
Ben Reilly wrote:
Raggamuffin wrote:

As long as you don't mind Brits making fun of you when Trump becomes President.

When that doesn't happen, I'll make fun of you for thinking it was even within the realm of possibility

I didn't think that this country would vote to leave the EU though.

You must not be following this election very closely. It's not nearly like the Brexit vote, with each side surging forward and falling behind as time goes on. Hillary Clinton has consistently held a formidable lead in the polls, and Brexit won't make a difference because we simply don't have enough people in this country who think like Trump for him to win.

Clinton is poised to win states that haven't gone to the Democrat in decades. Trump is polling worse than any candidate in the prior three presidential elections. His campaign budget is less than Ben Carson's, who dropped out three months ago.

by Raggamuffin Fri Jun 24, 2016 5:18 pm

Ben Reilly wrote:
eddie wrote:

Well I'm glad you're not in a bad mood - you couldn't get more negative.
Now imagine I'm paying you to find something good and see what you wind up with.

If you paid me enough, I wouldn't have to worry about losing my job in a new recession caused by the British! Is that positive?

I didn't realise the yanks were so dependent on the Brits, what with all that talk about you lot being the most powerful nation on earth. Laughing

by Raggamuffin Fri Jun 24, 2016 5:19 pm

Ben Reilly wrote:
Raggamuffin wrote:

I didn't think that this country would vote to leave the EU though.

You must not be following this election very closely. It's not nearly like the Brexit vote, with each side surging forward and falling behind as time goes on. Hillary Clinton has consistently held a formidable lead in the polls, and Brexit won't make a difference because we simply don't have enough people in this country who think like Trump for him to win.

Clinton is poised to win states that haven't gone to the Democrat in decades. Trump is polling worse than any candidate in the prior three presidential elections. His campaign budget is less than Ben Carson's, who dropped out three months ago.

I was joking. I said a long time ago that there's surely no chance of Trump winning, but you seemed worried about it at the time.

by Ben Reilly Fri Jun 24, 2016 5:20 pm

Raggamuffin wrote:
Ben Reilly wrote:
eddie wrote:

Well I'm glad you're not in a bad mood - you couldn't get more negative.
Now imagine I'm paying you to find something good and see what you wind up with.

If you paid me enough, I wouldn't have to worry about losing my job in a new recession caused by the British! Is that positive?

I didn't realise the yanks were so dependent on the Brits, what with all that talk about you lot being the most powerful nation on earth.

Remember the recession of '08? Didn't you think that could happen in reverse?

by Raggamuffin Fri Jun 24, 2016 5:24 pm

Ben Reilly wrote:
Raggamuffin wrote:

I didn't realise the yanks were so dependent on the Brits, what with all that talk about you lot being the most powerful nation on earth.

Remember the recession of '08? Didn't you think that could happen in reverse?

I didn't think about it at all Ben. I'm sure such a mighty nation like the US isn't threatened by a little tiny country like the UK. bom

by Ben Reilly Fri Jun 24, 2016 5:27 pm

Raggamuffin wrote:
Ben Reilly wrote:
Raggamuffin wrote:

I didn't realise the yanks were so dependent on the Brits, what with all that talk about you lot being the most powerful nation on earth.

Remember the recession of '08? Didn't you think that could happen in reverse?

I didn't think about it at all Ben.

You and 52 percent of your fellow countrymen. That sums it up right there -- you didn't think, you threw a tantrum and now the world is paying the price. Well done.

by Guest Fri Jun 24, 2016 5:27 pm

The 'GHOST OF Charles de Gaulle' - raising up out of his grave to rattle his chains and screech his diatribe --- 'SEE, I TRIED TO TELL YOU, DO NOT LET THOSE ENGLISH IN!' Now that's funny ~~~ Brexit sets global economy reeling 371740092

Brexit sets global economy reeling 371740092

(The United Kingdom had applied for membership in the EEC in 1963 and in 1966, but its application was vetoed by French Pres. Charles de Gaulle.) http://www.britannica.com/topic/European-Union

I'm wondering just how far back these brilliant 'snip & clip' BREXIT's want to cut those agreements?

Brexit sets global economy reeling 130624-004-0BDAC008

Brexit sets global economy reeling 130624-004-0BDAC008

European Union (EU), international organization comprising 28 European countries and governing common economic, social, and security policies. Originally confined to western Europe, the EU undertook a robust expansion into central and eastern Europe in the early 21st century. The EU’s members are Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom. The EU was created by the Maastricht Treaty, which entered into force on November 1, 1993. The treaty was designed to enhance European political and economic integration by creating a single currency (the euro), a unified foreign and security policy, and common citizenship rights and by advancing cooperation in the areas of immigration, asylum, and judicial affairs. The EU was awarded the Nobel Prize for Peace in 2012, in recognition of the organization’s efforts to promote peace and democracy in Europe.
http://www.britannica.com/topic/European-Union

Send that Nobel Prize trophy back and have the United Kingdom's name removed! Brexit sets global economy reeling 2035286543

by Original Quill Fri Jun 24, 2016 5:27 pm

Raggamuffin wrote:
Ben Reilly wrote:

Remember the recession of '08? Didn't you think that could happen in reverse?

I didn't think about it at all Ben. I'm sure such a mighty nation like the US isn't threatened by a little tiny country like the UK.

It isn't threatening. It's like owning a fish tank...its mesmerizing to watch 'em all swimming in circles.

by 'Wolfie Fri Jun 24, 2016 5:28 pm

Ben Reilly wrote:
eddie wrote:
What's the big deal?

The pound is less valuable than it has been in 31 years ... British banks lost $100 billion ... the UK is poised for breakup ... the rest of the EU will lose one-sixth of its economic product ... the far-right across the world thinks it's winning now ... so sure, no big deal.

WITH the Pound sterling crashing back down to around it's long term average...
I.E. parity with the $US by some time next week..

AT LEAST we can look at the "positives".

Britain will be much cheaper for us smelly foreigners to visit..
And any remaining British farmers and factories still exporting their products, should find that they're getting a fair bit more next year, when expressed in British £££... santa

by Victorismyhero Fri Jun 24, 2016 5:32 pm

WhoseYourWolfie wrote:
eddie wrote:
Ben Reilly wrote:

I'm supposed to go looking for positives when $2 trillion just evaporated from the world market?!

Ah so someone pressed a button and some digits disappeared.
I wouldn't worry. We won't notice it, I bet.

The British £ has crashef through the floor...

And eddie claims now that she won't even notice it..

So, you won't be buying any more imported goods then, eddie?
Nor going abroad any time soon..
Or driving when petrol doubles in price ???

wolfie...sometimes I think you are actually quite bright....then you post crap like this....

it hasnt "crashed"...at all....sure its dropped a bit but by no means is it serious...

predicted possibly 1.5 p on a litre... Brexit sets global economy reeling 2190311264

Brexit sets global economy reeling 2190311264

1.38 against the dollar

as opposed to 1.4362

it was arguably too strong anyway

by Guest Fri Jun 24, 2016 5:41 pm

WhoseYourWolfie wrote:
Ben Reilly wrote:
The pound is less valuable than it has been in 31 years ... British banks lost $100 billion ... the UK is poised for breakup ... the rest of the EU will lose one-sixth of its economic product ... the far-right across the world thinks it's winning now ... so sure, no big deal.

WITH the Pound sterling crashing back down to around it's long term average...
I.E. parity with the $US by some time next week..

AT LEAST we can look at the "positives".

Britain will be much cheaper for us smelly foreigners to visit..
And any remaining British farmers and factories still exporting their products, should find that they're getting a fair bit more next year, when expressed in British £££...

And you'll be swarmed at the docks - airports - train stations by mass amounts of humanity; begging for some salvation and whatever few = 1p, 2p, 5p, 10p, 20p, 50p, £1, £2 you'd have to toss their way! Sad

And those once fine upstanding humans will be pleading their life stories about the hardship and WTF happened 'post BREXIT vote' ... Brexit sets global economy reeling 1858517897

Brexit sets global economy reeling 1858517897

by 'Wolfie Fri Jun 24, 2016 5:46 pm

£ has dropped over 5 cents this week...

IF it drops another 30 cents (say, 5 cents per trading day..), over the next week or two..

Then that would have been more than 20% for the fortnight, wouldn't it ?

AND, no doubt your central bank has been selling $US and ¥Yen this week, and buying up £££..

How long they keep doing that for ???

by Victorismyhero Fri Jun 24, 2016 6:05 pm

If IF IF wolfie..

that the whol;e problem innit...that word IF...which the entire financial market revolves around...

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