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Just heard on the squawk that today is also the annual FTSE / Russell index rebalancing which, in itself, would provide for extra market volatiliy, what with companies flowing in and out of indices.
They say that the rebalancing, if anything, can only add to the volatility currently caused by Brexit.
What infuriates me is that already today I've heard some EU leaders say that the process of 'divorce proceeding' should start right away. This apparently in an attempt to stem the contagion to other EU countries.
"The contagion is well already underway you idiots", I would like to shout to them.
It really started with Greece for me, and how EU's "tough" stance on Greece may have hardened everybody else's view of what it really means to participate in the Union.
I was in Italy for a holiday a week ago and the distrust for the way immigration is being handled is palbable over there. I bet if they had a chance at a referendum most people there would vote for an 'out' too.
I do hope the EU realises that this must be treated like a wake up call. The entire European future is at stake.
You are right the main debate all over the EU is for immigration. But immagration coming from countries outside the EU so having nothing to do with EU Shengen regulation....
What can they do about that? For the last 2 decades at last politician has sold their program in the same way we sell a soap and it had worked very well. Now they would like to have us to think lol... Look at what happen in the world Trump in the US, Le Pen in France, Brexit in UK with populist right wing etc...
I made a lot of $ with Brexit. Trading stupidity is the best hedge you can find.
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
That will be interesting to see the next steps: independence for Scotland, unified Ireland?
I'll buy English printing house shares, all will be have to be renamed to Small Britain and NUK (Not Unified Kingdom) .
You are not right.Year ago Merkel says - Dear people in the middle east and Africa,come to us we will take you all !
We need to take 2 billions poor people from Asia and Africa?All them should come to Europe ?All of them are poor - most of them also are living in dangerous area.Germany itself declare that for the name of ALL Europe.Merkel says - you are part of OUR Union so you need to take people when Germany wants it.This is why people are so angry.So this is a EU issue...sorry just becouse Brussels and Berling rule now like a dictatorship.
This is HOW PEOPLE see this ... EU dont know how to deal with it,they dont react they even are not able to defend its own border's...And when some country's like Hungary try to fix it... then then say - dont do this you have no right to defend your border !
That is true but I think people's perception has been one mainly of a European Union being unable to effectively deal with the problem of refugee immigration. This perception I think is palpable both in the UK and in the rest of Europe.
That's more of an off-topic discussion, I have moved that here.
As you state it yourself Merkel said not the EU just Merkel. Why? Because Germany need cheap labor. In the same way UK was at full employment and also needed cheap labor for outside.
In the case of UK it is finished now they will see what it is like to live in a country with a 10 15% unemployment rate.
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Haha, Sam - but let's just say if my fellow Scots are truly serious about another referendum, rather than just starting some political manoeuvring, I'll be amazed : the economic numbers were very marginal at best when oil was >$100. At present levels, Scotland would be bankrupt in less than one year after leaving...
Nicola and Alex were obviously drinking whisky all night...