Silver as an investment

Category Archives: United Kingdom European Union membership referendum

Three Cheers For MEP Dan Hannan: Why Not A Better Brexit Deal For Everyone?

Authored by Mike Shedlock via MishTalk.com, The EU values political correctness more than jobs. The result was a collapse in support for Angela Merkel, and the rise of AfD and FDP in Germany. Let’s not forget Marine Le Pen in France, Beppe Grillo in Italy, and the far right in Austria. For the sake of […]

The EU’s Greatest Achievements, According To Europeans

A year on from the UK's Brexit referendum, Prime Minister Theresa May is set to visit Brussels today and outline her government's negotiating position on the future rights of EU citizens living in the UK. As Statista's Niall McCarthy notes, a recently released Chatham House-Kantar survey found that freedom to live and work across the EU is considered one of […]

Frontrunning: June 20

Central bank caution beefs up stock gains (Reuters) Pound Drops as BOE’s Carney Says Not Yet Time to Raise Rates (BBG) Oil Just Hit Its Lowest Level of the Year (BBG) Britain charges Barclays, ex-bosses over ‘unlawful’ Qatari deal (Reuters) Senate GOP Sets Ambitious Deadline on Health-Care Vote (WSJ) Both Parties Have a Lot to […]

Conservatives Prepare “Secret Plot” To Oust UK’s May If She Backs Off “Hard Brexit”

The walls are closing in on UK’s embattled prime minister Theresa May, who after the disastrous outcome in the general election, and following a torrid week in which she faced fierce criticism for her handling of the Grenfell Tower catastrophe, in which 58 people are now presumed dead, is reportedly facing what the Telegraph calls […]

The Market Has Zero Concerns About Thursday’s UK Election

Having learned its lesson that both an “unexpected” result (in the case of Brexit and Trump), and a “priced in”, favorable election outcome both lead to higher risk prices, the market no longer even pretends to be nervous about the outcome of this Thursday’s general election in the UK. To be sure, it has good […]

Europe Starts Freezing Britain Out Of EU Contracts

Diplomatic relations between the UK and EU are fast approaching zero degrees Kelvin. One day after Theresa May not only cemented, but allowed herself Brexit negotiating breathing room with her stunning, yet cunning decision to announce snap elections which would only boost the leverage of her party, Brussles has retaliated and as the FT reports, […]

European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities […]

9 Charts Showing Market Bears Are Waking Up

Just when you thought it was safe to stride safely through the forest of stock market investing (hey – banks, Trump, hope, reform, stimulus, earnings, and Trump again); the bears are coming out of hibernation… The calm in stocks worldwide is giving way to concern, as Bloomberg reports investors in Europe and the U.S. are […]

First Post-Brexit Tremors: Theresa May “Would Go To War” To Protect Gibraltar

The ink has yet to dry on Theresa May’s Article 50 signature from last week which officially started the UK’s 2-year long divorce from the EU, and already Europe has been traumatized by comments from former Conservative leader Michael Howard, who suggested that Theresa May is be prepared to go to war to protect Gibraltar […]

The Definitive Brexit “Wall Chart”

Yesterday the UK government triggered Article 50 and fired the starting gun on a two-year negotiation towards the UK’s exit from the EU. These negotiations will be complex and contentious, and as Goldman writes this morning, the open question is whether they will prove constructive or adversarial. While Goldman provides an extensive analysis of next […]