United Kingdom 02 (Jan 12 to Oct 17)

Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Tue Jun 14, 2016 9:13 am

If This Happens, Gold Will Be The World’s Strongest Currency

By Tyler Durden

Source: Zero Hedge

http://www.thetradingreport.com/2016/06 ... -currency/
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Wed Jun 15, 2016 9:57 am

The One Clear Winner from a “Brexit” Win

by DR. KENT MOORS

Source: Oil & Energy Investor

http://oilandenergyinvestor.com/2016/06 ... rexit-win/
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Wed Jun 15, 2016 10:03 am

FTSE 100 falls 2% as investors fret over Brexit
http://www.bbc.com/news/business-36526008
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Sat Jun 18, 2016 6:16 am

3 reasons why the Brexit vote is just not a big deal

All eyes are on the UK as they vote on whether or not to stay in the European Union. But new analysis shows that fears of a so-called Brexit are overblown.

By Rayhanul Ibrahim

Even if the vote is for Brexit, the UK would probably remain a member of the EU for several years,” the report said.

“The result of the referendum would only be advisory.” In other words, this vote is not legally binding.


Source; Yahoo Finance

http://finance.yahoo.com/news/3-reasons ... 54797.html
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Sat Jun 18, 2016 5:43 pm

Britain’s EU referendum: Divided we fall

A vote to leave the European Union would diminish both Britain and Europe

THE peevishness of the campaigning has obscured the importance of what is at stake. A vote to quit the European Union on June 23rd, which polls say is a growing possibility, would do grave and lasting harm to the politics and economy of Britain. The loss of one of the EU’s biggest members would gouge a deep wound in the rest of Europe.

And, with the likes of Donald Trump and Marine Le Pen fuelling economic nationalism and xenophobia, it would mark a defeat for the liberal order that has underpinned the West’s prosperity.

That, clearly, is not the argument of the voices calling to leave. As with Eurosceptics across the EU, their story is about liberation and history. Quitting the sclerotic, undemocratic EU, the Brexiteers say, would set Britain free to reclaim its sovereign destiny as an outward-looking power. Many of these people claim the mantle of liberalism—the creed that this newspaper has long championed.

They sign up to the argument that free trade leads to prosperity. They make the right noises about small government and red tape. They say that their rejection of unlimited EU migration stems not from xenophobia so much as a desire to pick people with the most to offer.

The liberal Leavers are peddling an illusion. On contact with the reality of Brexit, their plans will fall apart. If Britain leaves the EU, it is likely to end up poorer, less open and less innovative. Far from reclaiming its global outlook, it will become less influential and more parochial. And without Britain, all of Europe would be worse off.

Start with the economy. Even those voting Leave accept that there will be short-term damage (see article). More important, Britain is unlikely to thrive in the longer run either. Almost half of its exports go to Europe. Access to the single market is vital for the City and to attract foreign direct investment.

Yet to maintain that access, Britain will have to observe EU regulations, contribute to the budget and accept the free movement of people—the very things that Leave says it must avoid. To pretend otherwise is to mislead.

Those who advocate leaving make much of the chance to trade more easily with the rest of the world. That, too, is uncertain. Europe has dozens of trade pacts that Britain would need to replace. It would be a smaller, weaker negotiating partner.

The timetable would not be under its control, and the slow, grinding history of trade liberalisation shows that mercantilists tend to have the upper hand.

Nor is unshackling Britain from the EU likely to release a spate of liberal reforms at home. As the campaign has run its course, the Brexit side has stoked voters’ prejudices and pandered to a Little England mentality (see article). Despite Leave’s free-market rhetoric, when a loss-making steelworks at Port Talbot in Wales was in danger of closing, Brexiteers clamoured for state aid and tariff protection that even the supposedly protectionist EU would never allow.

The pandering has been still more shameless over immigration. Leave has warned that millions of Turks are about to invade Britain, which is blatantly false. It has blamed strains on public services like health care and education on immigration, when immigrants, who are net contributors to the exchequer, help Britain foot the bill. It suggests that Britain cannot keep out murderers, rapists and terrorists when, in fact, it can.

Britons like to think of themselves as bracingly free-market. They are quick to blame their woes on red tape from Brussels. In reality, though, they are as addicted to regulation as anyone else. Many of the biggest obstacles to growth—too few new houses, poor infrastructure and a skills gap—stem from British-made regulations. In six years of government, the Tories have failed to dismantle them. Leaving the EU would not make it any easier.

All this should lead to victory for Remain. Indeed, economists, businesspeople and statesmen from around the world have queued up to warn Britain that leaving would be a mistake (though Mr Trump is a fan). Yet in the post-truth politics that is rocking Western democracies, illusions are more alluring than authority.

Thus the Leave campaign scorns the almost universally gloomy economic forecasts of Britain’s prospects outside the EU as the work of “experts” (as if knowledge was a hindrance to understanding). And it dismisses the Remain camp for representing the elite (as if Boris Johnson, its figurehead and an Oxford-educated old Etonian, personified the common man).

The most corrosive of these illusions is that the EU is run by unaccountable bureaucrats who trample on Britain’s sovereignty as they plot a superstate. As our essay explains, the EU is too often seen through the prism of a short period of intense integration in the 1980s—which laid down plans for, among other things, the single market and the euro.

In reality, Brussels is dominated by governments who guard their power jealously. Making them more accountable is an argument about democracy, not sovereignty. The answer is not to storm out but to stay and work to create the Europe that Britain wants.

Some Britons despair of their country’s ability to affect what happens in Brussels. Yet Britain has played a decisive role in Europe—ask the French, who spent the 1960s keeping it out of the club. Competition policy, the single market and enlargement to the east were all championed by Britain, and are profoundly in its interests.

So long as Britain does not run away and hide, it has every reason to think that it will continue to have a powerful influence, even over the vexed subject of immigration.

True, David Cameron, the prime minister, failed to win deep reform of Britain’s relations with the EU before the referendum. But he put himself in a weak position by asking for help at the last minute, when governments were at loggerheads over the single currency and refugees.

Some Britons see this as a reason to get out, before the doomed edifice comes tumbling down. Yet the idea that quitting would spare Britain is the greatest illusion of all. Even if Britain can leave the EU it cannot leave Europe. The lesson going back centuries is that, because Britain is affected by what happens in Europe, it needs influence there.

If Germany is too powerful, Britain should work with France to counterbalance it. If France wants the EU to be less liberal, Britain should work with the Dutch and the Nordics to stop it. If the EU is prospering, Britain needs to share in the good times. If the EU is failing, it has an interest in seeing the pieces land in the right place.

Over the years this newspaper has found much to criticise in the EU. It is an imperfect, at times maddening club. But it is far better than the alternative. We believe that leaving would be a terrible error. It would weaken Europe and it would impoverish and diminish Britain. Our vote goes to Remain.

Source: The Economist
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Sat Jun 18, 2016 10:41 pm

not vested

3 British Stocks to Dump if the U.K. Opts for a Brexit

If a Brexit happens, you should dump RBS, UL and VOD stock

By Charles Sizemore

Source: Sizemore Capital

http://investorplace.com/2016/06/britis ... 2Vcp7h96M8
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Sun Jun 19, 2016 7:26 am

Central banks ready to intervene in case of Brexit

ROME: Central banks are ready to intervene if Britain votes to leave the European Union (EU) at a referendum next week, ECB Governing Council member Ignazio Visco was quoted as saying on Saturday.

The prospect of the closely-contested vote, which will help determine Britain's future in trade and world affairs and also shape the EU, has rattled markets around the world.

"A British vote in favour of leaving the European Union is the risk that worries us the most at the moment," Ignazio Visco said in an interview with newspapers including Italian daily La Repubblica.

"We are keeping an eye on this risk day by day and all central banks, not just the European Central Bank, are ready to intervene with the conventional instruments they have: interest rates, repos, swaps," said Visco, who is also Bank of Italy governor.

Officials told Reuters last week the ECB would pledge to backstop markets in tandem with the Bank of England if Britons vote to leave.

Visco said the long negotiation process after an eventual "Brexit" vote would certainly have financial consequences but it was difficult to predict how serious they would be.

Campaigning for the referendum has been suspended after a British lawmaker was murdered in her electoral district in northern England on Thursday.

Source: Reuters
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Mon Jun 20, 2016 8:02 am

Brexit will open door to crisis chain

It is believed there is higher chance that Britain will vote to stay in the EU in a referendum to be held this week. But if it leaves, how serious will the consequences be?

First, what needs considering is how long the euro can survive? Once the European debt crisis broke out, many countries had formed opinions on whether to stay or go. So if Brexit happens, more will follow and the euro would be in jeopardy.

Then Scotland may have another referendum on whether to stay in the UK or not. With a Brexit, the chances of the Scots going their own way will rise. And the Welsh may follow, meaning Britain may splinter and hitting the economy.

Capital would then flow into dollars, yen or gold in search of safe havens.

The dollar will surge, bringing plunges in commodity prices, another crisis for oil nations and debt woes for oil companies.

A sharp rise for the yen may lead the Japanese economy into greater disaster.

Last week, a strong yen brought turmoil to the Tokyo stock market.

A strong yen will also put the region and even global financial markets in crisis.

A Brexit may see British GDP fall by 6 percent in two years. Claims of 820,000 job losses are not relevant to relevant

I personally hope Britain stays in the EU and that the Brits vote rationally.

Source: Andrew Wong Wai-hong, The Standard
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Wed Jun 22, 2016 10:26 pm

2016.06.19文茜的世界財經周報/愛恨歐洲情結 英國脫歐歷史話說從頭
https://www.youtube.com/watch?v=xifhVfu0nvY
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Fri Jun 24, 2016 12:34 pm

EU referendum: BBC forecasts UK vote to leave

http://www.bbc.com/news/uk-politics-36615028
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