OT - England crashes out of their Group . . . the EU that is.
England, along with the rest of the UK, have voted to leave the EU. Nobody thought they would do it, but they have.
Stock market's going for a ride boys.
Lot's of coverage on www.BBC.com
Interesting day to be an England fan at the Euros, no?
Also, I cna't believe they put this to a popular vote.
UK Prime Minister, David Cameron, promised a referendum if his party was re-elected in 2015. He had been a strong Remain advocate, and believed that the Leave voices were not representative of broader public sentiment.
The day before the vote, polling data suggested that while the final tally would be knife-edge close, Remain would carry the day. Not a single poll I've seen suggested that there would be a 4-point margin of victory for Leave.
Yesterday's weather in the UK may have played a factor. By most accounts, heavy rain and flooding kept some people at home, (though more than 71% of the voters cast their ballots yesterday - the most since the early 1970s). Speculation among political pundits in the UK is that the weather favored Leave, as Remain voters weren't as enthusiastic about their position.
Leave voters were very passionate. Remain voters, while more of them, were tepid and complacent.
It's classic politics - Leave got out their base, Remain did not. So leave carried the day and shocked the world.
So does the Posbang.
There is nothing but politics in brexit. The whole thing is massively political. If you want a strick ban on politics, everyone in this subject is in violation, including you.
Are you ready for the Vexit?
did their song "should i stay or should i go" get a lot of play in the UK this week?
When you are afraid to put something to a popular vote, and cannot provide a convincing argument in your favor...wouldn't that suggest you deserve to lose that vote?
Regardless of the merits (not very many IMHO) and drawbacks (a whole crapload), what cannot be questioned is the lack of democratic accountability in how the EU functions. The EU parliament doesn't create the EU laws; they are created by either the EU judicial system, or by regulation. Prior votes against (France rejecting the EU constituion, Ireland rejecting the Treaty of Lisbon) were overridden via treaties.
If the EU doesn't wake up and drastically change how it operates, the next dominos will be the Dutch and then the French.
Not sure how long this will take to stabalize. Could be weeks.
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Your's is fine because it hasn't opened yet. Check it again at 9:30.
The EU's 2nd largest economy (and one of the two engines, along with Germany, that is providing any growth to the EU economy), voted to leave.
All trade, financial, and immigration ties to the European continent will have to be renegotiated.
London's role as the financial hub of Europen, and the largest derivatives trading location, is up in the air.
Anything European is tanking today....and anyone with major exposure to Europe (every other major economy) is going along for the ride.
US markets aren't open yet. Futures (Dow) are down 500. The red wave is coming to your brokerage, 401K.
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The EU's 2nd largest economy (and one of the two engines, along with Germany, that is providing any growth to the EU economy), voted to leave.
3rd largest now. France surpassed the UK this morning.
(The two countries have had basically the same size economies for a long time.)
I should have opened up a Forex trading account a few days ago :-(
My guess is that you own mostly Mutual Funds, then?
I first heard about it sunday on john oliver... you canyoutube it
Hey, it works for the B1G!
FIFY: "For every $2.83 Michigan gives to the B1G they get $1 back. Free markets is what they want. B1G is a bureaucratic nightmare for the schools who produce bc they have to carry the schools who don't, i.e. Rutgers et al.'
Should we pressure Manuel and Shlissel for a referendum?!?
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Unless you're retiring in the next year or two, your retirement savings should be just fine. In fact, if you're still in the accumulation phase, now would be a good time to load up since investment securities are on sale.
Regarding the "what's best" part of your statement, I think the sentiment that probably carried the day is that Leave voters saw an EU bureaucracy that was answerable to no one making decisions that had painful effects. Whether the decisions being made were right or wrong (in the main) is less important in the mind of the average Leave voter than the failure to adequately acknowledge the downside of those decisions, and take steps to lessen the negative consequences.
We see the same sentiment here in the U.S. in the form of the Occupy movement, Bernie Sanders' and Donald Trump's candidacies, and so on. I doubt that it's about any one issue, per se; whether we're talking about immigration, free trade, or any other. Rather, it's the perception of arrogance (and perhaps hubris) on the part of the so-called "elites" (or "1%"; take your pick).
Eh? UK has been a beneficiary of the EU membership wrt to jobs as well as a goat. There is a big honking Nissan plant in the UK that was basically put in just to sell to the rest of the EU.
Labor heavy jobs in general have been leaving the UK but they've also been leaving the EU.
UK exports should go way up as the Pound is at a 31 year low. Unemployment in the UK should then go down.
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Scotland and NI perhaps not for long.
Sadly, many of us never realized this until we started watching soccer! I mean, I think we all vaguely realized it, but the reality struck some of us when we see a game between (e.g.,) Northern Ireland and Wales.
I found out we got Bin Laden on here.
who spend their day blaming President Obama for bad weather or anything that their unhappy about. When Bush was in office and we captured Saddam Hussein cars were blowing their horns driving up and down our street like the Lions had won the Super bowl. When Bin Laden was shot by the Seals you could hear a pin drop almost as if people around here just didn't care where he was or they didn't spend much time thinking about him. Simular to the reaction of the "liberal" media in this country.
I remember people being pretty damn happy that day.