All recent polls suggest the insolent freedom loving knaves from the UK will opt to leave the suicidal catamites in the EU. As such, the ECB and the BOE are concocting schemes to deal with any market dislocations, should the 6/23 referendum fail to go their way.
The European Central Bank would publicly pledge to backstop financial markets in tandem with the Bank of England should Britain vote to leave the European Union, officials with knowledge of the matter told Reuters.
The preparations illustrate the heightened state of alert ahead of the June 23 referendum, which will help determine Britain’s future in trade and world affairs and also shape the EU. The pound and euro have lost value on fears a Brexit could tip the 28-member bloc into recession.
Such an announcement from the ECB would come on June 24 if an early-morning result showed that British voters had chosen to leave the EU, according to the sources. The aim is to underpin investor confidence across Europe and contain further market jitters.
“There will be a statement to do whatever it takes to maintain adequate market liquidity,” said one senior central bank official, who spoke on condition of anonymity.
This is all looking fairly grim right now, as are all market squalls. However, if recent history is of any use to us, this fear will dissipate and lead to yet another central bank sponsored rally. Because death and the demise of markets seems like all but a foregone conclusion, I am increasingly skeptical that it can happen in such an insidiously pre-medicated fashion.
Nevertheless, I remain steadfast in my belief that our yield curve will invert, forcing me to remain long TLT until this is realized.
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Colleague in our London office plays horses via Betfair and tells me they place the odds 1.46 leave vs 3.15 stay, as of yesterday.
All the money bets suggest stay, but the polls say leave. It should be interesting.
my order of independence thinking of the citizens.
1. swiss
2. england
3. US
last place: china
My list
1) Thailand
2) 1830s United States
3) Alaska
Have you even been to Thailand? They may be a half step above N. Korea when it comes to independent thinking. The fuck out of here with that weak shit.
Kind of a misogynist comment but ok.
Interesting. I wonder what would be the order for independent acting, as opposed to thinking? There is often a difference. And it could make a difference in any vote like this one and the aftermath. E.g. if the Brits think independently, they may vote to leave. But if they act dependently– as most everyone in the modern world does, spoiled as we are by conveniences– then they will have trouble coping with the outcome.
I agree with China as last. It sounds like if you think independently there, the execution van arrives at your house. So the question there is: Would you like to think independently? Or would you like to remain alive?
I wonder, do they use easily hacked voting machines in Britain like we do here in the U.S.?
I agree
Frog,
Might you perchance be interested in this fleece vest I have procured? Fits well, no sign of wear. It has a tiny American flag on the front and gigantic, bold script on the back reading “Make America Great Again.”
with vix above 20. why not short market fly, instead of TLT? your going to wait for the inversions huh?