#Brexit vote is now VOL. RIP European Union.

[Master Zik]

Age does not equal wisdom

Ninjahood being the prime example of this. If anything he has regressed in wisdom over time.

no wonder UK got away from ya Belgiums, bet da E.U. completely disintegrates in a couple of years with copycat referendums pop up all over..then you can actually opine on your country for once

Which you want to bet on completely disintegrates first? The EU or the UK?

Gonna be looking funny in the light when Scotland leaves and enters the EU on their own. Then Ireland follows. Only question is Wales.

 

[Belgium]

no wonder UK got away from ya Belgiums, bet da E.U. completely disintegrates in a couple of years with copycat referendums pop up all over..then you can actually opine on your country for once

I'm the only Belgian here to my knowledge. What am I supposed to do, discuss with myself?
I happily discuss my country when asked for it or where it's appropriate.

 

[spraised]

My portfolio got hit kinda hard smh, interested in seeing what comes out of this action

 

[nazdrowie]

Markets  | Fri Jun 24, 2016 4:46pm EDT
[h1]World stocks tumble as Britain votes for EU exit[/h1]
Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds.

The blow to investor confidence and the uncertainty the vote sparked could keep the U.S. 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 move blindsided investors, who had expected Britain to vote to stay in the EU, and sparked sharp repricing across asset classes. Mainland European equity markets took the brunt of selling as investors feared the vote could destabilize the 28-member bloc by prompting more referendums. 

The traditional safe-harbor assets of top-rated government debt, the Japanese yen and gold all jumped. Spot gold rose nearly 4 percent and the yield on the benchmark 10-year U.S. Treasury note fell to a low of 1.406 percent, last seen in 2012, though it climbed higher in afternoon trading. 

Stocks tumbled in Europe. Frankfurt .GDAXI  and Paris .FCHI  each fell 7 percent to 8 percent. Italian .FTMIB  and Spanish .IBEX  markets posted their sharpest one-day drops ever, falling more than 12 percent, led by a dive in European bank stocks .SX7P. Italy's Unicredit (CRDI.MI) fell 24 percent while Spain's Banco Santander (SAN.MC) fell 20 percent. 

London's FTSE .FTSE  dropped 3.2 percent, with some investors speculating that the plunge in sterling could benefit Britain's economy. The index closed up 2 percent for the week for its best weekly gain in over two months.

"I think markets were really caught off guard today, that's why you are seeing a huge risk-off trade," said Jeff Kravetz, a strategist at the Private Client Reserve at U.S. Bank. "In the end, when markets start to settle down, I think they are going to realize that this is not the end of the world."

Still, 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, although they cut those losses nearly in half later in the day.

Stocks on Wall Street traded down more than 3 percent, with the Dow Jones industrial average dropping as much as 655 points, its worst daily drop in 10 months.

The Dow Jones industrial average .DJI  fell 611.21 points, or 3.39 percent, to 17,399.86, the S&P 500 .SPX  lost 76.02 points, or 3.6 percent, to 2,037.3 and the Nasdaq Composite .IXIC  dropped 202.06 points, or 4.12 percent, to 4,707.98.

MSCI's all-country world stock index .MIWD00000PUS fell 4.8 percent.

Voting results showed a 51.9/48.1 percent split for leaving, setting the UK on an uncertain path and dealing the largest setback to European efforts to forge greater unity since World War Two.

The British pound dived by 18 U.S. cents at one point, to its lowest since 1985. The euro slid 3 percent to $1.1050 EUR=  as investors feared for its very future.

Sterling was last down 8.3 percent at $1.3642 GBP=, having carved out a range of $1.3228 to $1.5022. The fall was even larger than during the global financial crisis and the currency was moving two or three cents in the blink of an eye.

The Bank of England, European Central Bank and the People's Bank of China all said they were ready to provide liquidity if needed to ensure global market stability.

SHOCKWAVES

The shockwaves affected all asset classes and regions.

The safe-haven yen jumped 3.8 percent to 102.36 per dollar JPY=, having been as low as 106.81. The dollar's peak decline of 4 percent was the largest since 1998.

Emerging market currencies across Asia and eastern Europe and South Africa's rand all buckled on fears that investors could pull out. Poland's zloty PLN=  slumped 4.7 percent.

Europe's safety play, the 10-year German government bond, surged, with yields tumbling back into negative territory and a new record low. 

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slid almost 3.4 percent. Tokyo's Nikkei .N225  had its worst fall since 2011, down 7.9 percent.

Investors stampeded into low-risk sovereign bonds, with U.S. 10-year notes US10YT=RR up around 1.5 points in price to yield 1.5718 percent. Earlier, the yield dipped to 1.406 percent.

The rally even extended to UK bonds, despite a warning from ratings agency Standard & Poor's that it was likely to downgrade Britain's triple-A credit rating if it left the EU. Yields on benchmark 10-year gilts fell 27 basis points to 1.096 pct GB10YT=TWEB.

Across the Atlantic, investors were pricing in less chance of another hike in U.S. interest rates given the Federal Reserve had cited a British exit from the EU as one reason to be cautious on tightening.

The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months. [L1N19G1PQ]

Oil prices slumped around 5 percent amid fears of a broader economic slowdown that could reduce demand. U.S. crude CLc1 shed $2.51 to $47.60 a barrel while Brent LCOc1 fell 4.9 percent to $48.42.

Industrial metal copper CMCU3 sank 1.7 percent but gold XAU= leaped nearly 5 percent higher thanks to its perceived safe-haven status.
http://www.reuters.com/article/us-global-markets-idUSKCN0Z92MZ

 

[AIRMAXDISCIPLE]

no wonder UK got away from ya Belgiums, bet da E.U. completely disintegrates in a couple of years with copycat referendums pop up all over..then you can actually opine on your country for once

its a good thing if the EU disintegrates, F the EU !!!! when the Euro currency came in 2000 the daily goods starting slowly to became twice as expensive, all the prices inflated in a timespan of 4-5 years, the EU and the Euro currency has bring us nothing than crap the only people that benefits from the Euro currency that were the multi million euro companies that were doing businesses with other foreign countries and those damn kurupt politicians that are filling their pockets with money under the table

 

[ninjahood]

France & Italy, and spain already planning on dumping da E.U. too...

guess that experiment is going bust ehh?

 

[slighted]

Certain clothing sites based out of the UK have been down since last night. I assumed they did this to address pricing issues to prevent themselves from losing out due to the drop of the pound.

That makes sense and is pretty smart. It's still not gonna look pretty in the next few weeks/months.

 

[thejet]

France & Italy, and spain already planning on dumping da E.U. too...

guess that experiment is going bust ehh?

Netherlands too if that right-wing candidate wins the presidency next year. 

I wonder what Germany is thinking right now...

 

[Belgium]

Netherlands too if that right-wing candidate wins the presidency next year. 

I wonder what Germany is thinking right now...

I would hope not. Geert Wilders is a blatant racist. He has been prosecuted for inciting hatred and discrimination twice and has literally said things like "get the Morrocans out of our country"

 

[AIRMAXDISCIPLE]

#NEXIT

**** THE EU AND THE EURO CURRENCY BRING BACK THE GULDEN !!!!

 

[RustyShackleford]

You have a lot of hate in your heart famb. Maybe, you should go see my mans John Redcorn for some licensed new age healing. To relieve some tension

It has done wonders for my wife

If he's so good, why has your wife been seeing him for 10 years?

The native American man is always getting hated on, one one wants to see him flourish.

Migraine's can't be cured, and John sells me a year long treatment package, and the Arlen 1st National gives me 2% back of all healthcare purchases.

I'm taking care of my wife, supporting local minority businesses, and eating good up in Sugarfoots off dese cashback reward checks.

We got a good think going on over here. Stop hating

View media item 2080152

 

[biggie62]

There was a nice op ed on Bloomberg today stating that since the older generation there wanted to get out so the young so strike at the thing that keeps the older generation going, the social programs during retirement. They want to hurt growth, sure, now sleep on the bed you created. Not to mention, the same piece showed that over 70% of people who dropped out of school by 16 voted for the brexit, while over 70% of those who finished at least a bachelors voted to stay. Thus this remind us Americans of any sort of correlation to our current political debate? "I love the ignorant voters."

It's no different than the republican voters who want change yet they state, "don't touch my SS and Medicare." Hmmm, you want to vote right, that's fine, but those social programs are the first to go. Sleep in the bed you create.

Resisting a change that's inevitable is just setting the country back years. Just because you don't like change doesn't mean the younger people should now suffer because of your stupidity.

 

[nazdrowie]

[h1]After Brexit, what? U.S. secessionists hankering for 'Texit'[/h1]
By Jon Herskovitz,Reuters  5 hours ago 

https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html

 

 

[slighted]

Texas is afraid of all the tech folks migrating there and turning the state Democrat.

 

[RustyShackleford]

[QUOTE url="[URL]https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html[/URL]"]
[h1]After Brexit, what? U.S. secessionists hankering for 'Texit'[/h1]

By Jon Herskovitz,Reuters
 5 hours ago 


https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html

 
[/quote]

The US military and the Republican Party will never let that happen.

But let dem fools dream

 

[biggie62]

[QUOTE url="[URL]https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html[/URL]"]
[h1]After Brexit, what? U.S. secessionists hankering for 'Texit'[/h1]

By Jon Herskovitz,Reuters
 5 hours ago 


https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html

 

The US military and the Republican Party will never let that happen.

But let dem fools dream[/quote]

If nasa and the us military personnel is taken out of there that takes a lot of their jobs. Then you'll see companies moving their world head quarters away since they won't have free trade agreements and will want tarrifs so in actually everything moves out of there.

As always, the idiots want something but don't understand just how much will hurt them. Ignorance truly is bliss.

 

[jewseejay]

 
just wondering what now will gonna happen if i travel with my british passport, since i am also a holder of passports from 2 other countries, before i could use my UK passport to travel to germany and then use it travel to my homeland without the country where i am now living would noticed that i was out of the country, so i wont be able to use that trick anymore in the future

lol at the selfishness of this post

 

[ninjahood]

Texas is afraid of all the tech folks migrating there and turning the state Democrat.

nah they been wanna bounce, hence da name "lone star state"

 

[Master Zik]

[QUOTE url="[URL]https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html[/URL]"]
[h1]After Brexit, what? U.S. secessionists hankering for 'Texit'[/h1]

By Jon Herskovitz,Reuters
 5 hours ago 


https://www.yahoo.com/news/brexit-u-secessionists-hankering-texit-194835260.html

 
[/quote]
The difference between Britain and America is even if Texas voted for this we'd just beat their ***** back in to the Union.

Besides if they did how would they operate on their own? Partner up with Mexico?

 

[AIRMAXDISCIPLE]

The difference between Britain and America is even if Texas voted for this we'd just beat their ***** back in to the Union.

Besides if they did how would they operate on their own? Partner up with Mexico?

 texas will become a colony/slave from mexico

 

[HNL HI]

Tejas byke

wasnt the very top of california wanting to become its own thing too?

 

[Brownstone]

The stability that exists among the different countries of the Union is being taken for granted. European peoples seem to have forgotten the seemingly petty border disputes that have justified the countless invasions and conflicts that pepper their history. Expect to see a lot more territorial clashes in Western Europe if the EU were to disappear. It won't happen right away, but I'm pretty sure it will be the case in our lifetime.

Was listening to NPR and they had a british journalist who downplayed the nationalism angle, and while I agree it's slightly being exaggerated, I feel anytime you mess with decade old policy-anything can happen.

 

[Master Zik]

Tejas byke

wasnt the very top of california wanting to become its own thing too?

I thought they wanted to be their own state separate from Cali.

I ain't totally opposed or surprised at that.

 

[ninjahood]

nationalism & pride of country is something many on da left have a blind spot for...

 

[biggie62]

Hey you can have your nationalism, I just hope you love your healthy serving of poverty to go along with it. Britain can say bye bye to all those finance jobs that helped make London the billionaires paradise it is today. But that's fine. A lot of those jobs will come to NYC which I'm totally down for.

And before you say anything about how that's a good thing just remember one thing, those financiers keep high end restaurants open, keep maids employed, and other lower skilled workers in cities. So these people will really feel it. Especially when their social safety nets start getting cut. But like I said, sleep in the bed you made.