EU Brexit - UK

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ronv

Joined Nov 12, 2008
3,770
Yes, if you leave, our peso will most likely suffer some consequences... so, for the sake of Mexico, please don't :D
Interesting. They predict a 10% hit to the stock market in the US. Bigger in the UK. I guess the concern is the EU will collapse.
 

cmartinez

Joined Jan 17, 2007
8,787
Interesting. They predict a 10% hit to the stock market in the US. Bigger in the UK. I guess the concern is the EU will collapse.
Not sure if the EU will collapse or not. But a Brexit would definitely have worldwide negative effects. In the beginning there will be no winners. After that, only time will tell.
 
Maybe Britain is better alone. Greece has seen unending financial difficulties made even worse by lending conditions. However, you guys know exactly what is good for yourselves. Wish you good luck.
 

dannyf

Joined Sep 13, 2015
2,197
Greece has seen unending financial difficulties made even worse by lending conditions.
Had the politicians there been just a little bit smarter, they would have left EU.

Now, the people of greece are just in this never-ending misery only to suffer for the german banks.

For his arrogance, varoufakis was absolutely a genius.
 

shteii01

Joined Feb 19, 2010
4,644
Had the politicians there been just a little bit smarter, they would have left EU.

Now, the people of greece are just in this never-ending misery only to suffer for the german banks.

For his arrogance, varoufakis was absolutely a genius.
As far as Greece, I would not blame German banks. Before Greece joined EU, it had several problems. These problems have never been resolved, they have been covered up by both: Greece government and various high ranking European authorities/individuals who wanted the EU. To this very day nobody in position of authority is willing to address these problems.
 

Thread Starter

Robin Mitchell

Joined Oct 25, 2009
819
One reason why I think leaving would be good is because of the deceitful nature of the EU. Just look up the TTIP agreement. Cant believe they tried to do this behind closed doors.
 

ISB123

Joined May 21, 2014
1,236
Had the politicians there been just a little bit smarter, they would have left EU.

Now, the people of greece are just in this never-ending misery only to suffer for the german banks.

For his arrogance, varoufakis was absolutely a genius.
Greece was living off the EU money since the accession day. They thought that loans don't have to be paid back and that someone else will do that job for them, "How you sow so shall you reap".
 

cmartinez

Joined Jan 17, 2007
8,787

Screenshot_2016-06-23-10-34-53-1.png
Translation: Brexit would bring the peso down. Stockholders resist depreciation; they think that that currency would hardly show significant improvement even if the UK remains in the EU
 
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killivolt

Joined Jan 10, 2010
836
As far as Greece, I would not blame German banks. Before Greece joined EU, it had several problems. These problems have never been resolved, they have been covered up by both: Greece government and various high ranking European authorities/individuals who wanted the EU. To this very day nobody in position of authority is willing to address these problems.

Apparently Yanis Varoufakis would agree with you. ( http://www.democracynow.org/2016/4/28/yanis_varoufakis_bailouts_of_greece_are )

Seems banks took a chapter out of Bernie Madoffs playbook. Ponzie Shceme

kv
 

GopherT

Joined Nov 23, 2012
8,009
hi,
Which ever way the vote goes for In/Out of the EU, if it is small majority, the UK IMHO, will be a divided nation for a very long time.

I voted Out, not because of any ill feelings towards our European partners, I just want to be governed by our own elected representatives.

E
UK and Sweden were smart to stay out of the common currency, I was surprised that smaller countries jumped in. Even more surprised that the UK jumped into the EU (without using common currency).

I don't think anyone will care in the long terms as power of the EU will slowly erode in the next 10 to 20 years. Some items faster and some slower. Without a major reform like EU-wide centralized boarder control force, the system will break down from finger pointing and interpretations of "fairness".
 

prof328

Joined Apr 15, 2016
10
hi,
Which ever way the vote goes for In/Out of the EU, if it is small majority, the UK IMHO, will be a divided nation for a very long time.

I voted Out, not because of any ill feelings towards our European partners, I just want to be governed by our own elected representatives.

E
I did for exactly the same reason, plus other reasons too, but I am totally dismayed at the absolute lack of any significant valid reason for the remain crowd to to vote to stay in, completely baffles me.
 

GopherT

Joined Nov 23, 2012
8,009
hi,
Which ever way the vote goes for In/Out of the EU, if it is small majority, the UK IMHO, will be a divided nation for a very long time.

I voted Out, not because of any ill feelings towards our European partners, I just want to be governed by our own elected representatives.

E
I did for exactly the same reason, plus other reasons too, but I am totally dismayed at the absolute lack of any significant valid reason for the remain crowd to to vote to stay in, completely baffles me.
So, are the stock markets up today because they are showing confident that the UK will stay in the EU or are the markets simply saying, "I don't give a crap if the UK goes"?
 

jpanhalt

Joined Jan 18, 2008
11,087
There is an investment advisory site called Sentiment Trader (https://sentimentrader.com/) that looks at the market as "smart money" (i.e, institutional traders and the like) and "dumb money" (i.e., individual and other investors who are guided by sentiment or their local 25-year-old investment adviser at the bank). Unfortunately, I not longer get that analysis, but Reuters reports that the recent surge is due to dumb money:
http://www.reuters.com/article/us-markets-saft-idUSKCN0Z82LM

I do not know if the definitions used by Reuters are the same as those used by Sentiment Trader.

John
 
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