Serious Brexit - runifyouhaveto

[frenchbriefs]

Once upon a time there was no EU and the world economy was still in good shape. How the disintegration of EU going to be gloomy for the world indices? Funds will just flow to the country with strong economic performance and avoid country mired in debts and corruption. EU is more for political consideration as a bulwark against Russian influence in Europe. Economic integration is only the cover up.

this shows that politics without economic power and money is meaningless,thats why they couldnt just create a political entity and call it EU,it will just be as toothless and spineless as UN.Money is god,in god we trust.....before China open its borders and began industrializing,before china became rich and powerful,nobody respected china.but now the anglo prime minister former british colonial overlord david cameron drinks beer with president xi jinping.

 

[bigboss]

That seems to be the old fairy tale of late Lee Kuan Yue, father of PM Lee.
"If you repeat a lie often enough, it becomes the truth", it is now the Truth?

Although current administration of pappies is dumb and inefficient, one must give credit where credit is due. Without the leadership of LKY assisted by capable team of Old Guards, sinkie land would have long gone into the drain. This is the truth but those who hated pappies or LKY do not accept it.

 

[Gallego99]

Any referendum done is final and legally binding. If more than one referendum done on same issue, it becomes meaningless to conduct referendum.

It is up to the PM Cameron to carry out the will of the people. As far as the separation from EU is concerned, they're bound by the Lisbon Treaty and until they trigger clause 50, UK remains a member of the EU and they will have to abide by the rules.

The fall in indices across the globe was just the reaction of investors who were unwinding their positions predicated on a favorable remain outcome. The main event has yet to come and I suspect it may never actuate as long as the UK chooses not to do so. Uncertainty is likely to be prolonged in the Euro zone.

 

[Runifyouhaveto]

On the second trading day, the selldown continues,
looks like the central banks are really not keen to save the market this week to convey a strong warning against BREXIT-copycats.
By doing nothing, policyholders can better protect their rice-bowls.

Latest Euro 2016 results (Not closing prices):
US DOW -300pts
UK FTSE -142pts
Germany DAX -265pts
France CAC -126pts

 

[Runifyouhaveto]

It is up to the PM Cameron to carry out the will of the people. As far as the separation from EU is concerned, they're bound by the Lisbon Treaty and until they trigger clause 50, UK remains a member of the EU and they will have to abide by the rules.

The fall in indices across the globe was just the reaction of investors who were unwinding their positions predicated on a favorable remain outcome. The main event has yet to come and I suspect it may never actuate as long as the UK chooses not to do so. Uncertainty is likely to be prolonged in the Euro zone.

Brussels will probably excludes UK from some EU obligations and ask UK to revote again.

 

[lifeafter41]

On the second trading day, the selldown continues,
looks like the central banks are really not keen to save the market this week to convey a strong warning against BREXIT-copycats.
By doing nothing, policyholders can better protect their rice-bowls.

Latest Euro 2016 results (Not closing prices):
US DOW -300pts
UK FTSE -142pts
Germany DAX -265pts
France CAC -126pts

Saw an article about Deutsche bank......as was quoted, as DB goes, so does Europe......

 

[Rogue Trader]

you miss the impact on china.http://www.forbes.com/sites/gordonc...brexit-push-china-over-the-edge/#115b7c0be1eb

Every country wants to do trade with China now so China's concern is not economic. Xi jinping's comments about destablised global system points towards HK and Shanghai (yes - mutterings of a break away "Shanghai Republic" are emerging too. Dumb.)

 

[Runifyouhaveto]

what sort of impact you talking about?

Last year, there was a persistent rumour that we will see $12 for a local financial institution in 2016.
Let me go dig it out:




a financial institution is in deep shit too
Their investment arm is sitting on many listed counters with >30-50% losses
because the investment bankers colluded with the EDs in the same bank
The Investment bankers took up stakes in listed local O&G, Construction & minor Property companies
At the same time, the EDs made their RMs provide massive loans, trade facilities and OD facilities to the same companies companies, making so made so much money from revenue points
Some of these companies turned sour and the banks' risk dept want to recall some of the risky loans
but they cannot because their investment arm also invested in their customers.
conflict of interests
https://sammyboy.com/showthread.php?212383-Singapore-After-The-Next-Election&p=2256350#post2256350





OCBC - about $9 now
UOB - about $19 now
DBS - about $18 now
If the rumours mentioned that target price is $12 in 2006,
Guess whether it is OCBC cheong until $12 or the other two drops until $12.
Pure rumours ok, not financial advice.
https://sammyboy.com/showthread.php?213400-Bloodshed-Continues-on-STI&p=2265920#post2265920




Looks like the odds are higher now.
But again, these are purely rumours.