audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
2.5% drop? That wasn't so bad...
And a big chunk was just to reverse the rally from yesterday.
2.5% drop? That wasn't so bad...
And a big chunk was just to reverse the rally from yesterday.
The world is going through a Global equalization scheme. Any person, from anywhere, can go anywhere. Countries that are the most generous will have to adjust to huge population growth, until they stop being the most generous.
Wages will be equalized globally, as we have seen over the past 20 years. Countries can move out of the "world union", but eventually they will succumb and be part of it.
It will be a different world in the coming years...
I was surprised at how small the drops were, especially after he run-up occasioned by the bogus "stay" poll results. I expect the wailing and gnashing of teeth across the EU over the coming months will cause a continuation of the volatility we have grown accustomed to..
We had lunch beside of young lady from Frankfurt and she said that the economic centre for the EU will switch from London to Frankfurt. Could explain the hits the banks took.
I was at a cocktail party not long ago and a woman opined that "buying on a dip" was the equivalent of taking advantage of someone's misfortune and morally wrong.
Of course, with a hefty trust fund paying her bills it might be easy to take the high ground.
I was at a cocktail party not long ago and a woman opined that "buying on a dip" was the equivalent of taking advantage of someone's misfortune and morally wrong.
Of course, with a hefty trust fund paying her bills it might be easy to take the high ground.
LOL - did you explain that if you didn't buy at the dip, someone else would buy even lower?
Buyer's strike = even lower prices. If someone needs to sell, they need to sell! And they can always choose not to sell until the like the price.
+1
This trust fund baby is an ignoramus!
She was talking about the EU. Neither Switzerland nor The UK will be a part of it. So Frankfurt is a pretty good bet.This seems incredibly unlikely for a number of reasons I can think of. Switzerland doesn't seem to have done too badly on its own. I'm not saying that a young lady from Frankfurt might have some bias in making the call but...
They have many years of regulations to wind down because of this, it will take time. But my guess is that after it is all said and done, the agreements that will be made, will look pretty much like the agreements they already have, staying in the EU. Because they still have to meet the EU regulations to trade with the EU. In the end, I think it will not make much of a difference. Unfortunately they (and to a lesser degree the rest of us) will just have to suffer through somewhat lower GDP growth for a while until all this uncertainty is sorted out.
Maybe we'll eventually see a return to something like the old European Economic Community (EEC), a free-trade zone which worked well and sticks to facilitating trade and leaves nations to decide for themselves on issues of immigration, how far a taxi ride can be, and many other things.The real trouble here is the potential future breakup of the EU as a result, which will introduce a ton of uncertainty that markets don't like.
I was at a cocktail party not long ago and a woman opined that "buying on a dip" was the equivalent of taking advantage of someone's misfortune and morally wrong.
Of course, with a hefty trust fund paying her bills it might be easy to take the high ground.
I was at 50% in money market. That 50% went to help provide liquidity for the big money. I guess I am half moral/immoral. I have noticed that [-]morality[/-]inhibitions depends if booze glasses are [-]half[/-] full or [-]half[/-] empty.