I think citizens vote from what they're seeing in their daily lives, rather than through "economic theories". For example, someone in the Brexit thread posted his own experience of how he would've had to wait 1 year to do a medical testing of some sort, and in the end he paid out of his own pocket to do it in a couple of months instead of waiting.
RIP EURO. Looking for a major gap down tomorrow followed by selling to retest the Jan 2016 lows. I'll be BTFD with everything I have at those levels, srs. Silly for the GBP to be down 7% though, this is great news for Britain. The Euro has topped out forever, it's never going to reach 1.16 again.
That map isn't very accurate. This one seems to be better. London and Scotland are heavy for Remain. Rest of the country? Not so much. http://www.theguardian.com/politics...un/23/eu-referendum-live-results-and-analysis
I agree, tomorrow is looking like a strong BTFD. But, tomorrow is Friday. Hard to do that on a Friday.
Right but I think individuals can easily fail to see the bigger picture. For example, few months ago if you could make a poll in US and ask "Do you mind if oil prices go all the way down to $25-30 so you could get gas for less than $2/gallon." Chances are majority would say yes... But we all know/saw how things would start to look like if it happened... Pretty much a domino effect. They would save few cents per gallon but many people would lose much more as a result of bankruptcy of their employer, being laid off, drop in people's portfolio/401K worth.. It would start with oil&gas companies but it could also go all the way up to "too big to fail" banks...
You're assuming an argument without making it. Consider me one of those American's who think it's better for everyone and the economy for oil to be cheaper. Technology will catch up. Capitalism will prevail.
I wonder how long before these guys on BBC run out of words because of exhaustion I'm more curious now about what other counties in the EU are thinking after seeing this referendum. There's probably a potential for a domino effect to take effect. At the moment, GBP down ~8%.
2 tv stations in UK give victory leave camp. we might get 1000 point move on Down on the Dow tomorrow
TheThing Is Uk Had The Pound, Other Countries Cant Leave That Easily, They Are Too Tied To The Euro. If The Dow Drops 1k Tommorow, Im Buying Something. Well Attempt Anyways On This Hobbled phone
Oh no, if the dow closes below 17200 tomorrow expect a gap down to 15800 to retest the January lows. I wouldn't buy anything on a Friday such as tomorrow. It's like August 2015 all over again. But yeah, I'll be taking out a mortgage for all the shit I'm gonna be loading up on lol.
This is insane. I can't even think about falling asleep right now. /es down over 103 handles right now. Pound down nearly 11%, euro heart 5%. The EU is done for. They're nothing without Britain.
i call tell you for sure i have never seen a currency move like the CABLE has tonight, ever ... and i have seen A LOT in my time in these markets this move in the cable was so spectacular i would go as far to call it awesome ... wow ... pretty surreal
