Rantings and tirades of a frustrated economist.
yea but zerohedge said it was the worst ever
And if we look at the markets, the FTSE100 dropped by less than other European indexes and is recovering faster.http://i.imgur.com/7Gphz6e.jpg
Just goes to show that watching Biz talking heads the likes of CNBC or Bloomberg News are a waste of time. Both are shills for the econ-'Remain' mindset. Your portfolio will suffer as a result.
We could see investors buying the dip as soon as Monday.I welcome a strong US dollar. I am a Canadian who invested in a US security before the Brexit.A strong US dollar means more returns on my investment when I sell and convert it to Canadian dollars.A weak Chinese Yuan means more Chinese exports and an increased appetite for raw materials.Ironically, the Brexit crash could restart the economy by restarting China.
That really pissed me off when liberal media squatted piles of financial Armageddon BS, volatility is a normal process when something is repriced. GBP/USD looks like it more or less priced around 1.41 in January, that's where the herd appears to have hedged. And now its around 1.29, that's a .12 cent moved, yea big volatility.
That graphic reminds me so much of looking at the Vostok Ice Core temperatures in relation to the "Global Warming" predictions. http://www.collective-evolution.com/2013/02/08/420000-years-of-data-suggestss-global-warming-is-not-man-made/
Melinda,It is indeed big volatility, considering the FOREX market is leveraged 100:1, huge fortunes were made and destroyed because of the Brexit vote.
Once again the markets act like a cross between a crack head and a chicken with its head cut off. A year or two from now is more accurate,
Post a Comment