Granted, the world almost ended a few days ago. But now everyone is happy again. Over in the UK, as the traitorous Jacobites in Scotland suck on the tits of the EU leadership, the Empire of Great Britain are enjoying gigantic gains, higher by 6.7% over the past two days.
What’s interesting to note is that England’s markets are outperforming all others in Europe. After the initial shock, harangued by laughable losses in the bedraggled banking sector, England has persevered quite nicely. Moreover, and indelibly so, this should serve as a case study for other European nations hoping to escape the figure four leg lock of the EU.
In the states, our markets are enjoying uninterrupted splendor, as if nothing happened at all. With more than 500 points in the bag since yesterday, the squalor that was recently feared to be heading towards Wall Street has been cast aside for streets paved with gold and heroin laced cocaine marijuana cigarettes.
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Bring Back The British Empire!
The 1775 version?
The glory days. 18th and 19th centuries both.
The sun never sets on the British Empire. Let’s make it so, again!
Weaker remaining EU nations might ponder eventual destiny as part of the United States of Germany or annexed by Russia.
What the hell is going on?
Might as well break up the EU if this is the way it’s going to go. And lets break up the USA too while we’re at it.
Wonder what Texas’ market would look like with oil staying down.
Crazy experiment coming to an end.
Germany gained by having a common currency so that the weaker nations could now afford their goods. The weakest also benefited from reduced borrowing costs by latching on to Germany like a lamprey. Now everyone is maxed out and hit the wall.
side note: since when do 10y bonds from a country like Spain trade inside a 10y UST? Makes no frikin’ sense to me (thanks Draghi).
See? The market was just kidding about Brexit being a problem.
+1 Frog
Brexit for the win. Love the Greg “the Hammer” Valentine reference. I tip my top hat to you.