Brexit

[Jay]

The smart play for Scotland is to stay put and wait for the dust to settle. I wouldn't be surprised to see Germany move in the direction of an exit. They have serious concerns about immigration and they have strong nationalist roots.

 

[Stradling]

I made the mistake of looking at my 401k the day before then again the day after brexit.  

[RallyMo]

35 minutes ago, Stradling said:

I made the mistake of looking at my 401k the day before then again the day after brexit.  

Equitxit

[Stradling]

I'm sure it will bounce back pretty quick but it was a significant blow.

[Lhalo]

The currency swings during the past couple of trading sessions have been quite dramatic.

[IEAngelsfan]

2 hours ago, Jay said:

The smart play for Scotland is to stay put and wait for the dust to settle. I wouldn't be surprised to see Germany move in the direction of an exit. They have serious concerns about immigration and they have strong nationalist roots.

 

If Germany leaves, then you're looking at a fatal blow to the EU. Germany is the financial backbone of the EU. And let's not even imagine how the markets would react if they pulled out.

[gotbeer]

6 hours ago, IEAngelfan said:

If Germany leaves, then you're looking at a fatal blow to the EU. Germany is the financial backbone of the EU. And let's not even imagine how the markets would react if they pulled out.

Germany or France.  France seems ripe to leave also.  It's only been headaches for them, and let's not forget all the clashes with the Muslim community before the bombings. 

[halobob]

 

[arch stanton]

Did you know that in the UK it's a jailable offense to broadcast election results before the polls close? We should enact that law.

[nate]

Just now, arch stanton said:

Did you know that in the UK it's a jailable offense to broadcast election results before the polls close? We should enact that law.

They are also much stricter about exit polls.

[Spirit]

And over 72% of people turned out to vote.

You know there's a correlation there. 

 

 

[Lhalo]

 

[gotbeer]

Hey look.  Most of the stock markets are up.  Looks like the world didn't end. 

[halobob]

Just listened to Farage's speech...that was awesome!

[gotbeer]

Farage was awesome.  And anyone notice that when he said the UK wouldn't be the last nation to leave, you heard some applause.  Sounds like some countries aren't happy.  Especially when he brought up how things were passed, with countries like France objecting and they were ignored. 

[nate]

You guys realize that Farage is a pathological liar like Trump right?  He already backtracked on the promises he made to the Brits about the Brexit.  Guy is a fucking idiot.

[Jay]

11 minutes ago, nate said:

You guys realize that Farage is a pathological liar like Trump right?  He already backtracked on the promises he made to the Brits about the Brexit.  Guy is a fucking idiot.

the fact that you hate him so much makes me think he's probably pretty cool.

 

[HaloMagic]

I can't really get on board with him when he says that not working out a trade deal would be worse for continental Europe than for the UK. You live on an island. You need a trade deal to survive.

[Adam]

This whole Brexit thing reminded me of this awesome presentation by Tom Woods 

 

 

[Lhalo]

23 minutes ago, HaloMagic said:

I can't really get on board with him when he says that not working out a trade deal would be worse for continental Europe than for the UK. You live on an island. You need a trade deal to survive.

He knows that. He's simply posturing for negotiations.

Any trade deal with the EU will be temporary anyway. Eventually the deals will be made with individual countries as the council in Brussels dissolves into oblivion.

[HaloMagic]

If the EU works to make the UK struggle then leaving the EU wouldn't look so desirable to other nations. If I'm the EU I make sure Britain feels this exit. It's the only chance I have at staying together.

[gotbeer]

1 hour ago, HaloMagic said:

I can't really get on board with him when he says that not working out a trade deal would be worse for continental Europe than for the UK. You live on an island. You need a trade deal to survive.

A lot of wealth is in the UK.  Has been for centuries.  . 

You look at consumer spending.  It's the US first, China, Japan, Germany, UK, France.  If the EU cuts off the UK, that would be cutting off the 5th largest economy.  UK will just turn towards the US, China and Japan to do trade with.  Not to mention all their other allies like Canada, India, South Africa, etc. 

Just think of it this way.  If I'm the US and Canada, I'm hoping the EU cuts off the UK.  Then I'd talk to them about having a FTA.  The two NA countries could supply everything that the 20+ euro countries supplied.  It would be a huge boost to our economy.

[Jay]

3 minutes ago, gotbeer said:

Just think of it this way.  If I'm the US and Canada, I'm hoping the EU cuts off the UK.  Then I'd talk to them about having a FTA.  The two NA countries could supply everything that the 20+ euro countries supplied.  It would be a huge boost to our economy.

But Obama said this (skip to 2:25)

 

[Vegas Halo Fan]

While it would be a boost to the economy to enter into a FTA with the UK, the problem is that there are a lot more people in the EU, and potentially a much bigger market - including important trade partners like Germany. We have to be careful not to set off a trade war with the EU in any negotiations with the UK.

[HaloMagic]

What's best for the UK is trade agreements with the EU. What's best for the EU is for the world to see the UK suffer. If the world doesn't see that then there very well may not be a EU for much longer. The EU needs to do everything it can to make Britain feel this. Their very existence depends on it. Not saying they should exist but if they want to then they know what they need to do.