This is the part of the B movie when you start to throw popped corn at the screen for being so absurd. The dialogue of this market is cringe-worthy and it feels like we’re all actors in a poorly staged opera. Out of all the things to worry about, the UK potentially leaving the EU was not one of them.
Nevertheless, here we are.
`We don’t know what would come our way with a Brexit,” said Gabriel Felbermayr, director of the Center for International Economics at the Ifo Institute in Munich and one of the authors of the report. “But what is completely sure is that it would create enormous uncertainty, and there is very good empirical evidence to show how poisonous uncertainty is for trade flows and economic development.”
Very nice.
Economic ramifications?
Sure, got that too.
Dow futures are off by 75, crude 2% and the DAX -1.14%.
It’s all one large mystery, something entirely unneeded right now.
Once settled, I assume markets will pretend to be relieved and find an excuse to trade higher. So stupid.
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Once settled – that is they key. It’s like the angel versus devil fight that Tom Hulce’ character goes through in Animal House….
The more fear the better. People are actually getting short down here.
This sort of thing happens when you hire a retard as prime minister, no offense to retards. It’s like giving a loaded handgun to a 5-year old.