My last and long-dated ago post was about the brexit. I wrote: " ... Italianuts and peoplenuts believe ... or that leaving the EU will be a disaster for the Uk. ... "
Well, it seems that the british stock market got a couple of days of 'bear speculation (-5.60%)', with a -5.70% of stops trigging (the real speculation); with a maximum downside of - 8.57% (24-27 june) too. From that point, the FTSE100 has got a nice 19% gain, hitting last year's june top. Of course, there will be a correction, but the italian market is still down about 6% since last june 23rd.
Well, it seems that the british stock market got a couple of days of 'bear speculation (-5.60%)', with a -5.70% of stops trigging (the real speculation); with a maximum downside of - 8.57% (24-27 june) too. From that point, the FTSE100 has got a nice 19% gain, hitting last year's june top. Of course, there will be a correction, but the italian market is still down about 6% since last june 23rd.
Many fellows think that -in some way- Europe is crumbling ... but reality is that there's no Europe. There is just the €uro. The €uro is irreversible (Draghi's words), but Europe?
Europe has no 'legal borderline', no common army, no common fiscal laws, not even common taxation rules. European parliament is not a parliament ... it doesn't study and/or produce laws. It just votes. It votes laws and rules established by the Eu commission. A very limited group of people (less than 50) who decides for 400 million europeans.
So... I just think that the Uk, as a sovereign Country, will do better than Eu does. In fact, European countries have lost (a big part of) their sovereignty, period. On top of that, while the Uk kept his national currency, the BoE (Bank Of England) has a 17% share of the EcB (European Central Bank), getting the seignorage on the €uros that all Europe spends. So, where shall stay that big problem (for the UK) with the 'Brexit'? Really... it's not a problem for the Uk.
As I stated many times, "Who-What-When-How much", where 'how much' is referred to money. If you follow the money, many things get clearer, no matter what the media say...
So far... the Ftse100 says that some money got back to the Uk.
Don't worry, be happy.
Enzo
So... I just think that the Uk, as a sovereign Country, will do better than Eu does. In fact, European countries have lost (a big part of) their sovereignty, period. On top of that, while the Uk kept his national currency, the BoE (Bank Of England) has a 17% share of the EcB (European Central Bank), getting the seignorage on the €uros that all Europe spends. So, where shall stay that big problem (for the UK) with the 'Brexit'? Really... it's not a problem for the Uk.
As I stated many times, "Who-What-When-How much", where 'how much' is referred to money. If you follow the money, many things get clearer, no matter what the media say...
So far... the Ftse100 says that some money got back to the Uk.
Don't worry, be happy.
Enzo
