Friday, June 24, 2016
Blessed be the British people.. They voted to leave the European Union.
They had the Courage and Strength as a nation and a people to do what weaklings like Greece, Portugal, Spain, Italy and France could not or would not do..
They chose not to have their financial survival tied into Herr Merkel and Germany which over the last 8 years has gone from equal partner to taking over the Union as they seek to not just economically unify but politically under the umbrella of the Fatherland's governance
"Investors and traders everywhere are losing money today."
How can you not Love that!
We've been waiting a long time for a day like this.
Yes Yes.... its not the 'Big One but beggars can not be choosers and after waiting years patiently for capital I professional Investors, traders, banks, etc to take major losses, we celebrate with lashings of ginger ale
Days like today.. the sun is brighter, shinier and warmer.. the skies bluer and just knowing how much of a financial punch to the gut it is to these greedy people, just makes a person who believes such people as evil, to feel light as a feather with each walking step
To be fair, Britain's ability to leave was made easier by the fact it never surrendered its currency to Continental Europe so there does not have to be a transformation of recirculating previous legal tender into the population
If you hate the stock market, traders, Investing and the greed of finance as much as we, there is one word you celebrate and smile upon when used in financial writings and by TV pundits..
The word is 'uncertainty'
These bastards only want to make money..
People starve.. Are Homeless.. Die.. Ehh. 'How can profit be made from the carnage?'
Nations in economic free fall.. Chaos in Streets.. Panic, Revolt and Coup.. 'How can we align ourselves with the victor and financially benefit?
By the way, oil prices tumbled as a result, which is never a bad thing unless you work for an oil company..
A lot of panic and fear and yes,, Uncertainty for those in the finance profession and the effects on Americans will be extremely minimal
James Butterfill, head of research and investments at ETF Securities, summarized it best:
"It’s scary, and I’ve never seen anything like it. We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many Investors will lose a lot of money.”
Mmmmm.. Blimey! Talk about a mental Orgasm
What a way to start a lovely late June weekend ~
Posted by Susquehanna at Friday, June 24, 2016