Off 500ish already!!!
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Off 500ish already!!!
Also the pound and euro are racing each other to the bottom.
The dollar is going to be strong.
So how does this affect the US economy?
This is uncharted territory. No one knows how it will effect anyone's economy. In the short term people will park their money where they think it will be safe.
But this is probably going to have a large domino effect as I now expect Scotland will withdraw from the UK, declare it's independence and rejoin the EU.
The dollar should be really strong against the pound and euro for at least the short term. If you want to visit Europe this is probably the time to do it.
Alright, I'm not rehearsed in stock market lingo or other world currencies, what is Brexit?
Britain's + exit = Brexit.Quote:
Alright, I'm not rehearsed in stock market lingo or other world currencies, what is Brexit?
At first I thought this was fake or a joke, but it is real::eek2:Quote:
But this is probably going to have a large domino effect as I now expect Scotland will withdraw from the UK, declare it's independence and rejoin the EU.
https://scontent-sea1-1.xx.fbcdn.net...98&oe=57F29562
Anyway, my own thought is that the US should stay out of the decision (of course they won't, but they should), no matter which political side you are on and even if it does affect the DOW for a time. This really is none of the United State's business, though I'm sure Trump, Obama, and Hillary will all make an issue of it. The best thing we can do is to step aside and let those own countries make their own decisions.
The US has stayed out of Brexit pretty much, except for Obama who lobbied to stay on his last visit.
And I'm not sure who the dumbass Lilly is, but the UK voted out and last time I checked Scotland was part of the UK.
In the long haul this shouldn't really effect the US much.
likely referring to the way scotland voted rather than the UK as a whole. here is the voting breakdownQuote:
Originally Posted by Iceaxe
Attachment 84252
Attachment 84253
Quote:
Originally Posted by article
http://i.onionstatic.com/onion/5370/5/16x9/700.jpg
Queen Elizabeth Screaming At Stockbroker To Dump Everything
LONDON—Following the United Kingdom’s historic vote to exit the European Union, sources confirmed that Queen Elizabeth II spent Friday frantically screaming at her stockbroker to dump everything. “Just get rid of whatever we have—right now, goddammit!” said Her Royal Highness, who reportedly slammed her fist against a 16th-century desk while shouting at her broker over the phone. “There’s no time, so dump the whole ****ing portfolio—all of it—on anybody who will take it. Just hurry the **** up and do it!” At press time, after speaking with several financial advisors, Queen Elizabeth had gathered the rest of the Royal Family together to inform them they will have to cut back by eliminating servants and start pitching in more around Buckingham Palace.
http://www.theonion.com/article/quee...-everyth-53157
This. Almost twice as many Scots voted to stay in the EU vs. leaving. Congratulating Scotland for the vote of leaving is like congratulating Utah for electing Obama.Quote:
http://www.bogley.com/forum/images/m...quote_icon.png Originally Posted by Iceaxe http://www.bogley.com/forum/images/m...post-right.png
And I'm not sure who the dumbass Lilly is, but the UK voted out and last time I checked Scotland was part of the UK.
likely referring to the way scotland voted rather than the UK as a whole. here is the voting breakdown
Thus far, but Trump is also trying to get into the action as well even though he is almost universally hated in the UK.Quote:
The US has stayed out of Brexit pretty much, except for Obama who lobbied to stay on his last visit.
I wouldn't be surprised if Hillary tried to jump in on the bandwagon as well.
Yes, I understand the Scotland shit, but they still voted to leave as a whole. The same way Utah gets stuck with Obama even though he received a small percentage of the Utah vote.
The big difference is I now expect Scotland to bail on the UK, and we all know what happened last time a state tried to leave the USA.
Not even remotely close.Quote:
Originally Posted by Iceaxe
Not only did Scotland vote to remain (by a margin of 62% to 38%), but every single shire (county) voted to remain. Secondly, Scotland is, in fact, a country and is not bound to the UK in the same way as a state (much to the chagrin of some of my fellow Texans).
This is a turning point for Scotland and will galvanize them to finally put up a referendum to leave the UK and likely join the EU. But I highly doubt it will be anything equivalent to what you're suggesting.
**insert eye roll here***
By any chance was your bus shorter than the other buses at your school?
I just noticed this little Brexit vote cost me over $30k today. That's a lot of hookers and blow.
Actually, it's about 90% of the world's counties, rather than half. :wink:
https://scontent-sea1-1.xx.fbcdn.net...d6&oe=580EA6C2
Maybe so, but if you want some European hookers and blow, you could actually come out ahead since the exchange rate is good.Quote:
I just noticed this little Brexit vote cost me over $30k today. That's a lot of hookers and blow.
***starts dialing travel agent***
Scotland reacts..
https://www.youtube.com/watch?v=xULF6uUCa7Y
Strong words from the Scots. Interesting that Londoners voted 60% to stay in the EU.
So basically William Wallace was the last Scott who had any balls.
I was wakesurfing at Pineview when all of this news about Brexit happened, so I didn't get to watch any of it go down, nor have I chosen to study up on this topic.
I stand by my decision.
There is blood in the water and stocks are low... probably a good time to buy.
I also predict 10 years down the road Brexit will prove good for the UK.
/Bookmarked
I voted out. The darn Krauts tried to take over the UK in 1914 and again in 1939 and again in 1975. This time I have had my say. Further: England needs to get rid of the Scots (huge £££ burden...and I'm part Scot myself, so I say that with equanimity )
I'm surprised that the Bogley Community has taken so long to make mention about what will affect the US as well as us over here.
Rob
globalization destroys wealthy countries, plain and simple.
It's nice to be able to help other nations but when you do it at your own countries peril, it's not wise.
We have enough problems left unsolved in this country that need repair.
Liberalism is death to any country and history has proven this.
Gobalization makes all countries equal....Quote:
Originally Posted by oldno7
....equally poor....
Interesting statements.Quote:
Originally Posted by oldno7
What wealthy country has globalization destroyed?
China? Germany? The US?
Which one(s)?
Liberalism has caused the death of what countries?
(Please don't say Nazi Germany...!)
Just curious. Seems like absolute statements of facts. I just can't think of any obvious examples, and, plenty of "state failures" that weren't due to liberalism and globalization.
Interesting POV, Rob. You're the first person I've heard of voting for leaving the EU.Quote:
Originally Posted by Rob L
You voted out because of Germany?
What were the other reasons?
I'm not sure how this might affect the US election in the fall, but, it could have some influence. I mean, your PM stepped down. Wow. The pound plummeted to being worth 1.33 USD. A euro is 1.11 USD. Wow. Book a trip across the puddle!
No kidding...we've been tracking airline fares to Europe. They took a huge dive today. Nearly two tickets for the price of one. Pulled the trigger. Unreal. Delta Airlines. Crazy. Related to all this business, or, travel down to Europe, or, low oil prices, or, all three? Maybe.
Someone on the news today mentioned a poll earlier this year (or late last year) if they would vote for uncertainty and change or stay the same. 53% of US voted for change. Interesting. We'll see how it goes...
I believe the English removed them whilst he was still alive...(yikes).Quote:
Originally Posted by Iceaxe
Reminds me a lot of chicken little.... no factories were bombed, no people were killed, no treasuries were looted, no women were raped or villages pillaged. There is really no logical reason for both the pound and euro to fall so far other than fear mongering. England and the rest of Europe will still be standing tomorrow.
http://www.usdebtclock.org/Quote:
Originally Posted by Brian in SLC
http://www.zerohedge.com/news/2015-0...y-all-our-debt
I'm sure you know how the Fed. reserve works and you have a full grasp of Quantitative easing.
So are we prosperous or living on borrowed time(and money)?
VenezuelaQuote:
Originally Posted by Brian in SLC
I wouldn't say the EU's collapse is imminent but if more players bow out it will surely collapse.
EU pretty much is the definition of globalism.
Mass immigration will speed the collapse.
When speaking of globalization, it is important to point out that the US itself is probably one of the best examples of globalization there is. Keep in mind that the US covers more than twice the amount of land as the entire EU combined (though the EU has more people, though this could change in the next century).
Not only did the US interact and integrate with other nations, but actually combined them to make one super-nation stretching across an entire continent.
Hello Brian:Quote:
Originally Posted by Brian in SLC
Well 52% of my fellow Citizens did too...?:smile: You & I must lead different lives and meet different people. I get forced to sell fruit & vegetables by the Kilo, not the pound. I have to buy petrol by the litre, not the gallon. They do graciously allow me buy beer by the pint.
I cannot have straight bananas, or bent cucumbers. My butchers have to give up their traditional old wooden chopping boards because they are unhealthy. Only for them to be reintroduced 10 years later because the plastic replacements were "too unhealthy".
Great Britain joined the EEC in by Referendum in 1975. That trade agreement (like EFTA, NAFTA, and other well-established free-trade agreements) had no political overtones. Since then we have been slowly, ever so slowly, under the progressive influence, politically, of the Germans.
I voted out, and I don't care of the implications. I have had enough with the status quo, and so have the majority of the people in my country.
Sorry for going on so.
Rob
Most Americans (Bogley members may be better?) don't even really know what the EU is. Reading through the comments on news stories is embarrassing. Some are confusing the EU with the UN and some are even confusing it with NATO. :roll:Quote:
I'm surprised that the Bogley Community has taken so long to make mention about what will affect the US as well as us over here.
Many Americans (probably the majority) can't even point to the UK on a map.
Anyway, for your entertainment:
https://youtu.be/7SkN1h5fJKM
As for myself, I say let the UK decide for themselves and keep the US out of the decision.
Agreed! I've lived ~17 years abroad in Europe, spent good time in the UK (Basingstoke, etc) and can pinpoint most of the world on the map. That being stated, I know with certainty, most Americans couldn't spot Kansas on the map let alone the UK or Germany.Quote:
Originally Posted by Scott P
Most of what Americans seem to know these days comes from Hip-Hop, music videos and anything discerned via Twitter. Sad days..