What BBC won’t tell you about Brexit: Decline of Britain since 1973 EEC – Tony Gosling. Why leave EU?
What the BBC won’t tell you about #Brexit II
Documentary evidence the EEC and EU was designed in 1942 in Berlin by the Nazis
Why am I not surprised that the bankers were in on this strategic game plan?
The Brussels Business – Who Runs the EU ??
5 Minute Forecast – Essential Insights on Time
What!? You mean all of a sudden “BREXIT” matters again? What about the epic four-day comeback U.S. stocks staged last week?
Well, that was last week, evidently. As we write this morning, markets look like so…
• At 17,730, the Dow industrials have shed more than 100 points, on top of yesterday’s 100-point loss
• Hot money continues to pour into gold. At $1,370, the bid is at another 2-year high
• Hot money is also flooding the Treasury market, pushing yields to record lows yet again; earlier today, the 10-year yield fell to 1.34%, although it’s since recovered to 1.37%
• The poor British pound sits at new multi-decade lows at $1.28.
Indeed, the news from London looks a bit ominous: Two big asset managers have barred investors from pulling money out of their real estate funds.
“In reality, Europe is better off without the U.K.; it was never a good fit anyway.”, says Jim Rickards.
“The European and U.K. systems of law and cultural attitudes were always incompatible. The U.K. BREXIT vote came as a shock to Europe, but the result has been salutary in the sense that Europe is more determined than ever to keep the EU together and avoid further defections.
Germany has been the de facto leader of Europe since the 1970s but was always reluctant to exercise that role in an overt way. Now, with so much at stake, German reticence is a thing of the past. Political leadership for Europe will now come from Berlin, not Brussels.
“Taken as a whole, a stronger euro and a stronger EU led by Germany is a tail wind for dollar-based investors in EU markets. Surprising strength in European markets may be the biggest surprise in the second half of 2016.”
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Enter your email address to follow and get all blog entries
Join 2,491 other followers