BREXIT - Results Thread!!!

[4444]

Originally Posted by Mr.Money

so what do you think of this.... as the free moment of people still applies for two years, are we likely to get a proper flood of immigration as a result? Who knows. Immigration is a net gain in the long term but obviously adding a million people to London population in two years would provide some challenges with infrastructure....

EU migration Flows won't materially change in stub period. There won't magically be more jobs for these ppl who could have moved at anytime in recent history - in fact, given new uncertainty, there will likely be fewer jobs.

[GLOW]

i had no real idea of the situation, figured you would have good info and could enlighten me, especially since you're somewhere in europe.

usually my posts are very sarcastic, so i can see why you may have been

but my post was serious. i had no idea what was going on there and wanted to be aware of what was happening, now i'm aware

[jasonturbo]

4444 is evil greedy corporate capitalist... taking advantage of opportunities to make money, just like the rest of the 1%.

Shame on you.

Socialism FTW #trudeau4life

[Hehe]

Originally Posted by jasonturbo

4444 is evil greedy corporate capitalist... taking advantage of opportunities to make money, just like the rest of the 1%.

Shame on you.

Socialism FTW #trudeau4life

Trudeau is socialism?!?

[Gucci Mane]

Twitter

[Harvey Specter]

Well British passport is worthless, banks and other financial related business will probably bail to another financial hub in the EU and the idiots who voted out will be in a worst financial position they were in prior to the vote. Thank god they didn't adapt the Euro, imagine setting up a new currency.

[The7even]

Originally Posted by SkinnyPupp

First, I doubt that's why many [or any] of the rural and/or older voters were voting for. You should realise that people voting to leave care more about xenophobia than anything other issue.

Second, I'd argue that nationalism is the opposite of what the human species needs to do to evolve any further than we are, or were 100 years ago. Nationalism, religion, racism, any sort of ideology that makes you exclude people for being different, is going to keep us held back.

Not that it matters if the earth becomes uninhabitable in a century or so, I suppose

That's that leftist crap that drove the people to vote for the exit in the first place.

What do you know? People with a culture don't like seeing their own culture / heritage destroyed. Who would have thought.

Mixing everyone together is a pretty stupid idea and will only serve to divide people more. There is nothing wrong with healthy nationalism.

[GS8]

That stock market...



I'm sure it'll rebound.....eventually but wow so far

NEW YORK -- Stocks are plunging in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds as they wondered what will come next for Britain, Europe and the global economy.

U.S. stocks took far smaller losses than markets in Europe and Asia, but were still sharply lower in morning trading. The Dow Jones industrial average was down 378 points, or 2.1%, to 17,631 as of 10:55 a.m. It was down as much as 538 points earlier.

The S&P 500 is on pace for its biggest loss since January, down 48 points, or 2.3%, to 2,064. The Nasdaq composite dropped 134 points, or 2.7%, to 4,775.

Britons voted to leave the EU over concerns including immigration and regulation. It's far from clear what that will mean for international trade or for Europe, as the EU, which was formed in the decades following the Second World War, has never before lost a member state.

The vote brought a massive dose of uncertainty to financial markets, something investors loathe. Traders responded by dumping riskier assets that appeared to have the most to lose from disruptions in financial flows and trade: banks, technology companies and makers of basic materials.

The vote will start years of negotiations over Britain's trade, business and political links. Observers wonder if other nations will follow in Britain's footsteps by leaving the EU.

"This entire process is going to take a long time," said David Kelly, chief global strategist at JPMorgan Asset Management. "This is a negative in economic terms for the U.K. The EU will be very tough negotiators with them."

Banks took the largest losses by far. Citigroup plummeted $3.61, or 8.1%, to $40.85 and Bank of America fell 79 cents, or 5.6%, to $13.25.

Technology stocks also took hefty losses. Microsoft fell $1.26, or 2.4%, to $50.65 and IBM gave up $5.71, or 3.7%, to $149.64.

Banks have the most to lose in Britain's departure from the EU as they do a lot of cross-border business in Europe based from their offices in London.

Safety assets soared. Gold jumped $51, or 4%, to $1,315 an ounce. Newmont Mining rose the most in the S&P 500 index. It gained $2.08, or 5.9%, to $37.47. The price of silver climbed 41 cents, or 2.4%, to $17.77 an ounce.

Investors also bought utility company stocks and left phone companies basically unchanged while other parts of the market took big losses. Duke Energy rose 82 cents, or 1%, to $82.87 and Consolidated Edison gained $1.45, or 1.9%, to $78.31 while Verizon added 32 cents to $55.

The Federal Reserve said it is carefully monitoring financial markets and co-operating with central banks overseas.

Investors had sent stocks higher this week as they gradually grew more confident, based on polls and the changing odds in the betting market, that Britain would stay in the E.U. They sent the pound to its highest price of the year and sold bonds, pushing their yields higher.

Those gains were rapidly undone Friday as the euro tumbled and the pound plunged to a 31-year low, while bond yields hit some of their lowest levels of the year and gold surged to a two-year high.

Britain's FTSE 100 plunged as much as 8% but recovered much of its losses later, falling 1.9%. The German index sank 5.6% and France's index tumbled 6.5%.

The pound hit its lowest level since 1985 before recovering slightly to trade at $1.3648. That's still far below the $1.4808 it traded at late Thursday in New York.

Oil prices fell sharply. Benchmark U.S. crude lost $2.14, or 4.2%, to $48 a barrel in New York. Brent crude, the international benchmark, fell $2.29, or 4.5%, to $48.62 a barrel in London.

"This will be an act of economic self-harm with global ramifications," said Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics.

It could also threaten London's position as one of the world's pre-eminent financial centres as professionals could lose the right to work across the EU. The U.K. hosts more headquarters of non-EU firms than Germany, France, Switzerland and the Netherlands put together.

The Bank of England said it had made contingency plans for a "leave" vote and promised to take action to maintain stability. It noted that it has 250 billion pounds ($342 billion) in liquidity available for banks. "We are well prepared for this," the bank's governor, Mark Carney, said in a televised statement.

Japan's Nikkei 225 finished the wild day down 7.9%, its biggest loss since the global financial crisis in 2008. South Korea's Kospi sank 3.1%, its worst day in four years. Hong Kong's Hang Seng index tumbled 4.4% and stocks in Shanghai, Taiwan, Sydney, Mumbai and Southeast Asian countries were sharply lower.

In other currencies, the dollar fell to 102.16 yen from 104.47 yen while the euro weakened to $1.1117 from $1.1351.

Stocks crash after U.K. vote to quit EU | Sudbury Star

[The7even]

Originally Posted by murd0c

https://twitter.com/BobbyBigWheel/st...26944782139392

So the current generation should pay for the sins of their fathers.

[ZN6]

https://www.washingtonpost.com/news/...g-to-leave-it/

"Even though I voted to leave, this morning I woke up and I just — the reality did actually hit me," one woman told the news channel ITV News. "If I'd had the opportunity to vote again, it would be to stay."

Fucking stay out of polls if you don't know what you're voting for. But then you get blasted for not voting.

[Nlkko]

Someone shared this about brexit, funny as hell:

[kunoman1]

Sigh..

[Gucci Mane]

Originally Posted by ZN6

https://www.washingtonpost.com/news/...g-to-leave-it/

"Even though I voted to leave, this morning I woke up and I just — the reality did actually hit me," one woman told the news channel ITV News. "If I'd had the opportunity to vote again, it would be to stay."

Fucking stay out of polls if you don't know what you're voting for. But then you get blasted for not voting.

lol check out the twitter link i posted with a video just a few posts up. its the same woman they're talking about. what a fucking retart.

this is concerning only in the slightest possible way right?

Twitter

http://thehill.com/blogs/blog-briefi...ferendum-euref

[jasonturbo]

Where is CIC at?

I want to hear all about the "Evil zionist insider-plot to crush the UK economy so they run back to the EU, showing the world that a one-government system is the best and only solution for continued life on earth"

[jasonturbo]

Originally Posted by kunoman1

Sigh..

What's with the sigh, is it possible that with age comes wisdom and knowledge?

Of course the younger demographic wants to stay in, being out of the euro greatly limits their geographic mobility, something very important to young people who are not yet tied down with families and careers and may also be looking to attend university out of country etc.

[kunoman1]

Ah very true that is a possibility. I have an obviously biased opinion as I have many friends from the UK (around college aged as well).

It's easy to fall into a pattern of blaming the older generation for nationalist pride and xenophobic sentiment, whereas there is/was (hopefully) a multitude of other influencers in their decision making process.

[Sid Vicious]

Originally Posted by jasonturbo

What's with the sigh, is it possible that with age comes wisdom and knowledge?

Of course the younger demographic wants to stay in, being out of the euro greatly limits their geographic mobility, something very important to young people who are not yet tied down with families and careers and may also be looking to attend university out of country etc.

lmao, is this forreal?

you know that hours before the polls closed that there was a huge spike in google searches for "what is the EU"

so it's clear that these old timers have no idea what the hell they're even voting for and are thoroughly uninformed regarding the situation

#1 point against democracy is that the people are too stupid to understand what theyre even voting for

[CRS]

Originally Posted by kunoman1

Sigh..

[ZN6]

Originally Posted by Pidish

lol check out the twitter link i posted with a video just a few posts up. its the same woman they're talking about. what a fucking retart.

Yeah, if only the number of No's were as big as hers, Brexit might not have gone through.

[jasonturbo]

Originally Posted by Sid Vicious

lmao, is this forreal?

you know that hours before the polls closed that there was a huge spike in google searches for "what is the EU"

so it's clear that these old timers have no idea what the hell they're even voting for and are thoroughly uninformed regarding the situation

#1 point against democracy is that the people are too stupid to understand what theyre even voting for

I didn't realize Google made you enter your age before performing a search?

[ScizzMoney]

Originally Posted by jasonturbo

I didn't realize Google made you enter your age before performing a search?

It does for the stuff I google

[kunoman1]

https://www.youtube.com/watch?v=RXPM8Xe4HC0

[EmperorIS]

[inv4zn]

Originally Posted by kunoman1

https://www.youtube.com/watch?v=RXPM8Xe4HC0

A rare moment caught on video showcasing the phenomenon where an attractive person becomes less and less so by simply speaking

[Ronin]

Lots of investment opportunities incoming?

Whether it's the market or exchange rates, lots of stuff took a sharp dive today.