iBankCoin

BofA/Merrill Expects ‘Full Recession’ For the UK and Possible ‘Systemic’ Risk Should Others Move to Leave EU

This is fairly boiler plate jargon by this tool at BofA/Merrill. Essentially, the UK is doomed for at least 3 quarters and the rest of the world is in for a very severe beat down, should any other freedom loving lads in Europe move to separate themselves from the fascist regime of the EU.

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3 comments

  1. roundwego

    Really? They are going to blame Brexit for the crash? Its not a mountain of mal investments but Britain’s dropping Eu like a two bit whore. and people wonder why the market keeps blowing up.

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  2. bushwacker2

    It’s about the banks. Again.

    I’m not buying stocks until I see at least a 30% drop in the major averages. Never let a crisis go to waste.

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  3. superpositron

    That guy was serving me chicken at Los Polos the other day. WTF is he doing in TV?

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