Brexit News Archive: 27 Jun 2016

The U.K.'s Credit Rating Was Just Downgraded. How Come Nobody Cares?

It's been a less-than-stellar day for the United Kingdom. Thanks to the Brexit vote, markets seem to be pummeling any company that so much as employs someone with a British accent. The pound kept falling. There was that football match. Meanwhile, both Standard & Poor's and Fitch downgraded the country's ...
Moneybox   |   Mon, 27 Jun 2016 22:35:45

Ex Wells CEO on global recession risk

This is what politicians should do to avoid a global recession after Brexit, former Wells Fargo CEO Dick Kovacevich says.
CNBC   |   Mon, 27 Jun 2016 22:27:00

Now what?

What will Brexit mean to you? Your investments? Your house? Your mortgage? So far, we know this: Stock markets in North American have shed about 6% of their value over two sessions. Sucks, but not a crisis. The losses on Day Two were one quarter of Day One, and those ...
Greater Fool   |   Mon, 27 Jun 2016 22:25:36

CHP report on Syrian refugees

There is a widespread conviction that the decision to leave the European Union in the Brexit referendum was the result of a reaction by those fearful of refugees
Hurriyet   |   Mon, 27 Jun 2016 22:01:00

The Atlantic Daily: Chaos in Britain, Abortion and SCOTUS, Jupiter's Closeup

What We're Following Life After Brexit: Things in the United Kingdom have gone from bad to worse since the country voted to leave the European Union last week. David Cameron said he would resign as prime minister by October. Britain's credit rating was downgraded. The British pound hid a 31-year ...
Tyler Parker / The Atlantic   |   Mon, 27 Jun 2016 21:42:19

Central banks low on ammo

Financial market turmoil from the U.K. Brexit vote couldn't come at a worse time for the world's major central banks.
CNBC   |   Mon, 27 Jun 2016 21:35:00

S&P strips UK of top-notch AAA rating

Rating agency warns Brexit vote means 'long and painful period of uncertainty'
FT   |   Mon, 27 Jun 2016 21:21:14

First They Came for My Commode ...

( Steven Hayward ) If you want to understand why Brexit passed and why more revolts from us peasants are likely ahead, take in this story from The Telegraph today: EU to launch kettle and toaster crackdown after Brexit vote The EU is poised to ban high-powered appliances such as ...
Power Line   |   Mon, 27 Jun 2016 21:18:46

Wild currency ride

CNBC's Sara Eisen reports on the Brexit fallout in the British pound and other global currencies.
CNBC   |   Mon, 27 Jun 2016 21:09:00

New world for stocks?

The "Fast Money" traders dissect the day's trading action, including Brexit fears leading markets into a sell-off.
CNBC   |   Mon, 27 Jun 2016 21:01:00

Short-term pain for banks, analyst says

These are the issues facing U.S. banks after the Brexit vote, CLSA's Mike Mayo says. However, there is good news.
CNBC   |   Mon, 27 Jun 2016 20:57:00

Gold Daily and Silver Weekly Charts - Wizard of Finance

The Brexit continues playing out. The professional elite are, for the most part, talking around the matter, and whistling past the graveyard of their own long coming and well deserved demise. What has been called 'the placebo syndrome' of mindless pursuit of power and goods. I think if you look ...
Jesse's Café Américain   |   Mon, 27 Jun 2016 20:50:00

"Death To All Zombies!"

Submitted by Howard Kunstler via Kunstler.com, Wait a minute. They're already dead. Brexit just reveals that not everybody's brains have been eaten. A viral contagion now threatens the zombified institutions of daily life, especially the workings of politics and finance. Just as zombies exist only in the collective imagination, so ...
Zero Hedge   |   Mon, 27 Jun 2016 20:40:00

Europe after Brexit: Never waste a good crisis

Data shows that white, poor, elderly, uneducated men from rural England pulled the United Kingdom outside the European Union. Great Britain will be on its own as it will have to navigate an increasingly complex and globalized world. Europeans must wish all the very best to their British friends. At ...
Brookings   |   Mon, 27 Jun 2016 20:35:00

Amazon's AWS Grows Fast in Gov't, Says Pac Crest; 'Aurora' Shines

Despite all the Brexit hand-wringing today, and a second day of massive selling of stocks, Amazon.com (AMZN) did alright, closing down better than average, falling $7.60, only 1%, to close at $691.36. Perhaps the shares were helped by an upbeat note published by Pacific Crest 's Brent Bracelin , who ...
Eric Savitz   |   Mon, 27 Jun 2016 20:33:32

On Brexit, the 2016 Euro Championship, and Trump

Sometimes, everything seems connected. While the U.K. has been debating its eventual departure from the European Union, twenty-four European nations have been competing against one another in a major soccer tournament in France. Two weeks ago, what English soccer players were doing in Europe seemed more momentous to most people ...
New Yorker   |   Mon, 27 Jun 2016 20:31:38

Supreme Court Rules on Abortion, Resignations over Brexit Vote, Clinton and Warren Team Up: P.M. Links

The Supreme Court today struck down abortion restrictions in Texas that required abortion clinics to have the same medical standards as surgical centers. The court also ruled that a misdemeanor domestic violence conviction could be used to ban firearm possession. And finally, the Supreme Court unanimously threw out former Virginia ...
Hit & Run   |   Mon, 27 Jun 2016 20:30:00

UK currency slide threatens global growth

The Brexit vote may put the brakes on what little forward momentum was left for British economic growth.
CNBC   |   Mon, 27 Jun 2016 20:24:00

Behind the Brexit Crisis: Rage Against the Global Financial Machine

REUTERS/Kevin Coombs Anthony MirhaydariJune 27, 2016 The damage from last week's surprising Brexit vote is continuing this week, with U.S. equities down again sharply on Monday. Key technical support levels have already been violated or are under threat. The Dow Jones Industrial Average has traded below its 200-day moving average ...
arader / Fiscal Times   |   Mon, 27 Jun 2016 20:23:32

The 4 Stocks That Sank the DJIA Monday

June 27, 2016: Markets opened down again Monday after a full weekend of fretting about the Brexit vote. Again a stronger dollar has weighed heavily on the basic materials and energy sectors, but... AXP DD JPM MSFT 247paul market crash
24/7 Wall St.   |   Mon, 27 Jun 2016 20:01:21

Business Leaders Have Abandoned the Middle Class

Politicians aren't the only ones to blame for Brexit.
HBR   |   Mon, 27 Jun 2016 19:59:55

Brexit Has Nothing to Do with Donald Trump

This may come as some surprise, but not everything that happens in the world is about Donald Trump. Not everything is even about America.Sure, the hot takes are easy to write: Trump wants to limit immigration; Brexit supporters were concerned about immigration. The elites didn't like Brexit; the elites don't ...
National Review   |   Mon, 27 Jun 2016 19:53:30

A Fresh Look at Globalization

By David Lipton There were a lot of dramatic headlines over the weekend suggesting that Brexit signals the beginning of the end of globalization. Surely, it is too soon to understand all the ramifications of the British referendum. But at the same time, today is surely a good day to ...
iMFdirect   |   Mon, 27 Jun 2016 19:23:37

Greenspan Warns A Crisis Is Imminent, As He Urges A Return To The Gold Standard

On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen. "This is the worst period, I recall since I've been in public service. There's nothing like it, including ...
Zero Hedge   |   Mon, 27 Jun 2016 19:22:58

Trump and UK's Leave campaign are peas in a pod

Like the Brexiteers, the presidential nominee says things often disproven by facts. He makes promises without plans to enact them. When these prove unworkable, there's regret and backtracking. By invoking NATO's future, the stakes may be as high or higher for a Trump victory.
Breakingviews   |   Mon, 27 Jun 2016 19:11:00

BARCLAYS: Stay away from the stock market

As with any downward shock for the stock market, the fall in stocks after Brexit has inspired calls of the old mantra "buy the dip." Essentially, the idea is that short-term weakness related to outside shocks makes for good buying opportunities since strong companies get hit alongside companies that are ...
Money Game   |   Mon, 27 Jun 2016 19:00:38

The End of the "End of History"?

( Steven Hayward ) On Friday morning I happened to have breakfast in the Bay Area with a center-left writer of some prominence who was once a conservative, who, surveying the wreckage of the Brexit vote alongside the decay of liberalism under Hillary and Bernie, sighed that "I'll probably end ...
Power Line   |   Mon, 27 Jun 2016 18:59:14

Hedge funds profiting in market plunge

Bullish positions in gold and volatility and short bets on China were some of the trades that benefited hedge funds.
CNBC   |   Mon, 27 Jun 2016 18:59:00

The new divide in the Western world

The divide over the Brexit vote is rooted in the central reality of our times -- a world being reshaped by globalization and technology, writes Fareed Zakaria.
CNN   |   Mon, 27 Jun 2016 18:48:33

Economic Trends: Is Locking In the Forces That Already Haunt the Global Economy

Those forces have self-reinforcing, vicious-cycle dimensions that make it a perilous time for the world’s economies.
DealBook   |   Mon, 27 Jun 2016 18:47:02

Goldman Retreats Again on Treasurys

Another bond bears is retreating as Brexit provided the latest catalyst for the roaring U.S. government debt market.
MoneyBeat   |   Mon, 27 Jun 2016 18:40:42

Push to bid adieu to English as lingua franca

Under Brexit, language of Shakespeare would be official tongue of only Ireland and Malta
FT   |   Mon, 27 Jun 2016 18:37:38

Still Little Hope Of FDA Approval For Sarepta, SunTrust Says Sell

Remember life before Brexit? Lost in the fray after the vote was a note Friday from SunTrust Robinson Humphrey , arguing that no matter what the FDA decides, Sarepta Therapeutics ( SRPT ) is still a sell. Analyst Edward Nash and his team reiterated a Reduce rating and $4 price ...
Stocks To Watch   |   Mon, 27 Jun 2016 18:35:31

UK needs to 'scramble' for trade deals

Former Commerce Secretary Carlos Gutierrez says the U.K. needs to act soon to make up for lost trade deals post-Brexit.
CNBC   |   Mon, 27 Jun 2016 18:27:00

UPDATE 1-Britons flood Ireland with EU passport queries after Brexit vote

* Britons also eye Belgian, French and Italian passports (Adds detail from Europe)
Reuters   |   Mon, 27 Jun 2016 18:26:37

Downgraded: U.K. loses perfect AAA credit rating

Standard & Poor's stripped the U.K. of its AAA credit rating on Monday following the shocking Brexit vote to leave the European Union.
CNN   |   Mon, 27 Jun 2016 18:20:30

UK loses perfect AAA credit rating

CNN   |   Mon, 27 Jun 2016 18:20:19

The Problem With the Brexit-Donald Trump Comparisons

Sorry Trump, the United Kingdom is much whiter than the United States.
Robert Schlesinger / U.S. News   |   Mon, 27 Jun 2016 18:05:00

UK loses top credit rating from S&P

Ratings agency S&P downgrades UK's credit rating from AAA to AA with a negative outlook after the Brexit vote.
BBC   |   Mon, 27 Jun 2016 18:02:14

Buy-the-Dip Bulls Should Target This ETF

Suppose you're looking to buy this Brexit-related dip in the stock market. Buying panic has worked repeatedly in recent years. Ari Wald , head of technical analysis at Oppenheimer , says to target momentum stocks for the rebound.
Focus on Funds   |   Mon, 27 Jun 2016 17:54:15

'Who Rules Over You?' Is Democracy's Most Important Question

The Washington Post headline bluntly declares "Brexit is a reminder that some things just shouldn't be decided by referendum." Writer Emily Badger, whose focus is generally on urban policy, brings up American ballot those in California-as an example of how referendums can lead to bad outcomes, or rather outcomes that ...
Hit & Run   |   Mon, 27 Jun 2016 17:50:00

There's about to be huge upheaval in the financial world

The UK has voted to leave the EU, and there is much still to be resolved. One thing is certain, however: the investment banking industry, and international finance more broadly, is likely going to change in a profound way. The vote to leave the UK will not just impact where ...
Money Game   |   Mon, 27 Jun 2016 17:48:49

S&P Downgrades UK From AAA To AA, Outlook Negative: Full Text

That didn't take too long: just as the rating agencies warned as part of the scaremongering campaing, the downgrades have begun. * * * From S&P Ratings On The United Kingdom Lowered To 'AA' On Brexit Vote; Outlook Remains Negative On Continued Uncertainty OVERVIEW In the nationwide referendum on the ...
Zero Hedge   |   Mon, 27 Jun 2016 17:44:46

Britons in rush for Irish passports

Dublin overwhelmed by demand in wake of Brexit vote
FT   |   Mon, 27 Jun 2016 17:40:15

Spox Invokes Benghazi To Deflect From Trump Saying He'd Profit From Brexit

Donald Trump faced heavy criticism for noting that the United Kingdom's momentous vote to leave the European Union would translate to more business for his new Scottish golf course. But in an interview Monday, his spokeswoman resorted to a classic conservative strategy to deflect attention: invoke Benghazi. Read More
TPM   |   Mon, 27 Jun 2016 17:38:35

'Buyer beware' of US markets: Technician

U.S. markets are performing better than other global indexes after the Brexit vote, but are they protected enough?
CNBC   |   Mon, 27 Jun 2016 17:36:00

Auto Stocks Smashed? Stop Your Sniveling: Here's a Smart Investment Play

Stocks of public auto dealerships have been dented badly by Brexit. Here are a couple likely to do well for the longer term.
Doron Levin, Contributor / Forbes   |   Mon, 27 Jun 2016 17:34:00

That sucking sound might be bank jobs moving from London to this city

London's position as the world's premiere financial center is bound to change in the wake of a Brexit. Dublin could step in.
Here Is The City   |   Mon, 27 Jun 2016 17:27:41

Banks pounded again amid increased UK recession fears

Insurers, U.K. banks, among those to feel the worst impact, analysts say.
CNBC   |   Mon, 27 Jun 2016 17:18:00

Lew urges world leaders to work together

CNBC's Steve Liesman shares highlights of his interview with Treasury Secretary Jack Lew on Brexit, and trade agreement negotiations with Europe.
Steve Liesman   |   Mon, 27 Jun 2016 17:16:00

Trump Moves to Seize the Day Amid Brexit Chaos

DAVID MOIR Rob GarverJune 27, 2016 The political and economic fallout from the United Kingdom's vote to leave the European Union last week will take months and years to be fully understood, but presumptive Republican presidential nominee Donald Trump has already decided that the Brexit currently rattling world financial markets ...
mrainey / Fiscal Times   |   Mon, 27 Jun 2016 17:12:33

LIVE: Jeremy Corbyn Supporters Rally Outside Parliament as Labour Leader Fights Coup (Multimedia)

Follow along as Natasha Hakimi Zapata, a Truthdig assistant editor, joins Jeremy Corbyn's grass-roots followers as they rally outside the U.K. Parliament to show their ongoing support for the Labour leader as members of his party try to oust him. Related Entries June 23, 2016 Brexit Mayhem Continues: MPs Attempt ...
truthdig   |   Mon, 27 Jun 2016 17:00:27

Goodbye London, hello... Dublin?

Dublin may move in on London's position as Europe's most important financial center after the Brexit vote.
CNBC   |   Mon, 27 Jun 2016 16:55:00

US bank shares hit for second day running

Materials and financial sectors worst hit as consequences of Brexit deter investors
FT   |   Mon, 27 Jun 2016 16:48:13

Milan bourse plunges 3.94% at the close (2)

Milan, June 27 - The FTSE Mib index on the Milan stock exchange plunged 3.94% to close at 15,103 points in the aftermath of the Brexit. The benchmark stock index lost as much as 4.15% during the trading session and 12 stocks was suspended due to excessive volatility. Banking stocks ...
Gazzetta Del Sud   |   Mon, 27 Jun 2016 16:46:00

Can globalization survive 'Brexit' and Trump?

Brexit is a major wake up call for world leaders. Trade and globalization are under fire. CNNMoney looks at what it will take for the global economy to triumph.
CNN   |   Mon, 27 Jun 2016 16:45:45

Leave camp's biggest donor loses more than £400m in aftermath

Peter Hargreaves, who donated £3.2m to Leave.EU, upbeat about financial future of UK despite shares slump in firm he started The biggest individual donor to the Brexit campaign has lost more than £400m in the share price meltdown that has hit stock markets since the result of the EU referendum ...
Patrick Collinson / Guardian   |   Mon, 27 Jun 2016 16:42:40

Oakmark's buy list

Bill Nygren, Oakmark portfolio manager, says bonds are expensive relative to stocks, in discussing a re-balance strategy after the Brexit vote.
CNBC   |   Mon, 27 Jun 2016 16:34:00

It's getting worse for investment bankers

An already-rough year for Wall Street dealmakers has likely just gotten worse. Britain's historic decision on Thursday to leave the European Union has, among other things, spelled bad news for the market. "We believe the M&A advisors could be one of the most negatively impacted sectors from the UK's decision ...
Money Game   |   Mon, 27 Jun 2016 16:28:45

Sell Dalradian Resources (DNA.to) (from IKN372)

A segment from IKN372, out last night: Normal 0 21 false false false /* Style Definitions */ normal"; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; font-size:10.0pt; New Roman"; Dalradian (DNA.to) and Brexit Fallout from the UK's decision to vote Leave last week will come in all shapes and sizes. In the great scheme ...
IKN   |   Mon, 27 Jun 2016 16:28:00

Once again a Spanish election saves the establishment and deals Podemos a blow

Judging by the results of Spain's second general election in six months, held just three days after the Brexit referendum, Spanish opinion pollsters are as unreliable as their British counterparts. Although all polls correctly predicted that Mariano Rajoy's Popular Party (PP) would once again obtain the largest number of seats, ...
Paul Kennedy, Lecturer in Spanish and European Studies, University of Bath / The Conversation   |   Mon, 27 Jun 2016 16:25:11

Brexit could spell more trouble for Trump

Brexit is a nightmare for supporter Donald Trump's troubled campaign, Politico's Ben White says.
CNBC   |   Mon, 27 Jun 2016 16:25:00

Elizabeth Warren's take-down of Donald Trump earns Clinton's admiration

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 8:40 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
Michael A. Memoli / LA Times   |   Mon, 27 Jun 2016 16:24:00

Second referendum petition: Inquiry removes at least 77,000 fake signatures, as hackers claim responsibility for 'prank'

Luke Heighton / Telegraph   |   Mon, 27 Jun 2016 16:10:19

Echoes of February as AT1 market takes another leg down

European banks' Additional Tier 1 debt took another knock on Monday as the economic and political fallout of Brexit hung over markets, triggering the most violent price action since the first quarter.
IFR   |   Mon, 27 Jun 2016 16:04:00

The Market Value Fluctuations of the 10 Largest Companies

10 Largest Companies I thought I'd put up a quick post with an interesting chart that might provide some food for thought. Considering the volatility in the past few days that was created by the surprising results of the "Brexit" [...] The post The Market Value Fluctuations of the 10 ...
Value Walk   |   Mon, 27 Jun 2016 16:01:44

What's Up With The VIX? Fear Gauge Lower Even As Stocks Plunge

Stocks plunged on Monday as fallout from Brexit spread across global financial markets. Meanwhile, the CBOE Volatility Index ( VIX ) fell , a perplexing move for the market's so-called fear gauge. The VIX, an options-based measure of projected price swings in the S&P 500 over the next month, declined ...
Focus on Funds   |   Mon, 27 Jun 2016 15:57:11

Donald Trump 'intellectually lazy'?

How will Donald Trump's controversial statements on Brexit impact his support? MSNBC's Jonathan Alter and Tamron Hall discuss.
MSNBC   |   Mon, 27 Jun 2016 15:50:44

This may be the week that finally breaks the Labour Party

Brexit and its aftermath continues to wreak havoc on British politics. David Cameron's wreckless and unsuccessful gamble may eventually lead to the break-up of the United Kingdom but that is in the long term. In the short term, the failure of the Remain campaign, and Jeremy Corbyn's perceived culpability in ...
Charles Lees, Professor of Politics, University of Bath / The Conversation   |   Mon, 27 Jun 2016 15:41:47

Overwhelmed by Here Are the Basics

A majority of Britons voted in a referendum to leave the European Union. Here’s a brief guide to what happened, what it means and what could happen next.
NIRAJ CHOKSHI, DANIEL VICTOR and SEWELL CHAN / NY Times   |   Mon, 27 Jun 2016 15:39:20

RBS slumps 25% as Brexit puts bank shares under severe strain

Stock drop took RBS back to 2009 levels, while shares in Barclays and Lloyds Banking Group also fell sharply Bank shares are under severe pressure after the Brexit vote, with bailed out Royal Bank of Scotland shedding a quarter of its stock market value at one point. The 25% slump ...
Jill Treanor / Guardian   |   Mon, 27 Jun 2016 15:38:51

Regarding political risk

You may be interested to learn that on this bright and pleasant Monday morning, the biggest story in South America is not Brexit, or the EU's trails, or the UK's political crisis, or the market's slump. It's that Leo Messi has announced he won't play for Argentina any more. And ...
IKN   |   Mon, 27 Jun 2016 15:36:00

Groundhog Day for Banks as Market Winter Extended

Brexit will once again delay a return to normalcy for American banks.
WSJ   |   Mon, 27 Jun 2016 15:29:36

PREVIEW: Can Ocado deliver reassurance as it releases interims?

Online grocer Ocado Group Plc (LON:OCDO) is among the few marks in the diary for Tuesday, the third trading day since the Brexit vote. Pressure from Amazon's entry to grocery delivery and concerns about the group's market valuation are among the issues that have weighed on the share, but, the ...
Proactive Investors   |   Mon, 27 Jun 2016 15:27:00

BofA Predicts Record Low Bond Yields In Q3, Hopes Central Banks "Deploy Additional Easing"

And the hits keep on coming. Shortly after every bank slashed global growth forecasts (with markets to follow) following the Brexit outcome, which virtually every sellside strategist is confident will unleash a modest recession in the UK in 2017, moments ago Bank of America released its latest global macro forecast., ...
Zero Hedge   |   Mon, 27 Jun 2016 15:24:29

Trade consequences

German politicians consider a tough approach on Brexit as the leading German business association denies saying the UK would continue to have access to the single market.
BBC   |   Mon, 27 Jun 2016 15:23:54

National Referenda and the U.S. Constitution

One interesting aspect of the Brexit decision was that it involved a legally nonbinding referendum. The UK Parliament was not legally bound to follow the result, but nearly everyone accepts the result, with a statement like, the people have spoken ... The post National Referenda and the U.S. Constitution appeared ...
Online Library of Law and Liberty   |   Mon, 27 Jun 2016 15:21:44

Boris Johnson Makes Pornhub Debut Amid Brexit Result

A video of the mop-haired former London Mayor was uploaded to Pornhub, entitled 'Dumb British blond fucks 15 million people at once.'
Maoxian   |   Mon, 27 Jun 2016 15:21:35

European leaders scramble for a solution to 'Brexit' crisis

Germany is in no rush to enter into what will likely be a tortuous two-year process of severing Britain from the European Union, Chancellor Angela Merkel indicated Monday. But other EU countries want to get it over with as quickly as possible. Voters in Britain narrowly backed a decision last ...
Erik Kirschbaum / LA Times   |   Mon, 27 Jun 2016 15:11:00

Steelworkers urge government to address concerns over Tata sale

After vote for Brexit, Community union pushes for answers following fears that spooked bidders could walk away The steelworkers' union Community has urged the government to resolve "question marks" over the sale of Tata Steel's UK business in the light of the vote to leave the European Union. Related: Pound ...
Rob Davies / Guardian   |   Mon, 27 Jun 2016 15:10:51

ETFs Accounted for 31% of All Stock Trading During Friday's Swoon

Huge market tumbles stoke heavy trading in exchange-traded funds as traders unload and hedge core positions. Friday's post-Brexit market swoon prompted a surge in U.S. equity volume (including ETFs), though ETF volume as a proportion of the overall market didn't make the Top 10 record book, according to Sebastian Mercado, ...
Focus on Funds   |   Mon, 27 Jun 2016 15:08:47

Comcast: Stable Port in a Storm, Says Nomura; Cable Subs to Shine

As I mentioned earlier, Comcast ( CMCSA ) is an exception amidst today's post- Brexit selloff, rising 5 cents to $61.70, and that's thanks to an increase in price target by Nomura 's Anthony DiClemente , who reiterates a Buy rating, and raises his price target to $73 from $70, ...
Eric Savitz   |   Mon, 27 Jun 2016 15:05:56

'It's not that this, in and of itself, will completely destroy the international order'

Oh, thanks for letting us know. This Times piece on Brexit was notably alarmist, although it undercut itself by noting all the important institutions that Britain is part of -- and still will be. It's also absurd to suggest that Brexit means Britain no longer believes in alliances:Britain has been ...
National Review   |   Mon, 27 Jun 2016 14:59:49

Breakdown of Taxes by Country

Right after my MCNBC hit, I leave the 3rd floor studios by elevator, and have a an interesting conversation with a Very Famous Person®. The VFP® is also a Trump supporter. He is amiable enough, and we chat Brexit (Trump's team is excited, they believe it bodes well for them ...
The Big Picture   |   Mon, 27 Jun 2016 14:53:30

Cheapest Gas Prices in a Decade to Fuel Record July 4 Travel

Between a glut of cheap oil and now falling prices from Brexit, U.S. drivers have saved $20 billion on gasoline since the start of the year compared to 2015.
Alan Neuhauser / U.S. News   |   Mon, 27 Jun 2016 14:50:00

Did Stock Buybacks Already From A Record Level to a Halt in 2016?

It was just in the week of June 25, before the surprise of the Brexit news, that the market was told about record stock buybacks in the first quarter of 2016. Standard & Poor's showed that... Administrator coins
24/7 Wall St.   |   Mon, 27 Jun 2016 14:47:47

Watch live: Hillary Clinton campaigns with Elizabeth Warren for the first time

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 7:36 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
LA Times   |   Mon, 27 Jun 2016 14:37:00

S&P 500 Plunges Below 2,000 Level, Biggest Drop Since August Crash

Well that escalated quickly... S&P Breaks below 2000... With the biggest 2 day drop since August crash... Nasdaq remains the worst hit since the Brexit vote...
Zero Hedge   |   Mon, 27 Jun 2016 14:36:09

Altria Can Keep Growing Profit, Taking Market Share: Stifel

While Brexit is shaking the market again Monday, Altria ( MO ) is rising, and Stifel thinks that will continue to be the case. Analyst Christopher Growe and his team reiterated a Buy rating and raised their target price on the stock to $71, to reflect their "continued optimism" about ...
Stocks To Watch   |   Mon, 27 Jun 2016 14:33:08

Brexit comment, trade, PMI services, Comments on CNBC article on Trump's plan

Still looks to me like the vote will have no material financial consequences? "The UK will have to renegotiate 80,000 pages of EU agreements, deciding those to be kept in UK law and those to jettison. British officials have said privately that nobody knows how long this would take, but ...
Center of the Universe   |   Mon, 27 Jun 2016 14:32:37

"The Trend is Set" -- And What You Should Pay Attention to Next

EWI's Steve Hochberg: "The Trend is Set" -- And What You Should Pay Attention to NextBy Elliott Wave InternationalSteve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday's Brexit vote. Learn what... Please click on the post title ...
EconMatters Global   |   Mon, 27 Jun 2016 14:31:00

Brexit is Trumpism without Trump - and voters liked it

Donald Trump's rise to the Republican nomination for president has been so unorthodox that it's hard to figure out its long-term implications. But Britain's Thursday vote to leave the European Union provides strong evidence that Trump's rise will not prove to be just a flash in the pan. Some Americans ...
Vox   |   Mon, 27 Jun 2016 14:30:00

The Other Story About White America and Immigrants

For those of you who, like me, could use some encouragement in these days when Donald Trump and Brexit garner all the attention, James Fallows provides just what we need. But before we get to that, I have a bone to pick with either Fallows or his editors - whoever ...
Political Animal   |   Mon, 27 Jun 2016 14:25:27

UK can manage through: Jack Lew

CNBC's Steve Liesman speaks to Treasury Secretary Jack Lew, about potential economic headwinds after the Brexit vote.
Steve Liesman   |   Mon, 27 Jun 2016 14:25:00

US Banks Are Crashing

"Fortress balance sheets"? The Brexit contagion is spreading as USD liquidity and counterparty risk in the interconnected global financial system has reached US banks with Goldman at 3 year lows and BofA and Citi plunging over 12%. This happens just two days after the Fed released its latest stress test ...
Zero Hedge   |   Mon, 27 Jun 2016 14:22:30

Medtronic Moves to Acquire Heartware

Heartware International (NASDAQ: HTWR) is watching its shares absolutely skyrocket in Monday's session despite the huge market downturn from the Brexit. This surge is the result of Medtronic PLC... HTWR MDT 247chrislange health square image copy HTWR
24/7 Wall St.   |   Mon, 27 Jun 2016 14:21:19

Anti-Trump movement sending a prep team to Cleveland

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 6:27 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
Christine Rushton / LA Times   |   Mon, 27 Jun 2016 14:21:00

USD/CAD inter-markets: above 1.3100, should be eying 1.3200 May high

Brexit led global risk-aversion has been supportive for the safe-haven demand for the US Dollar and denting demand for commodity-linked, high yielding
Haresh Menghani / FX Street   |   Mon, 27 Jun 2016 14:11:08

I'm not a viable running mate for Trump, Rubio says

Brexit shows the U.S. needs a steady, experienced leader, Clinton says June 27, 2016, 6:27 a.m. GOP leaders start to question Donald Trump's qualifications for the presidency, while Hillary Clinton pushes to a strong lead against him in new polls. Senate Majority Leader Mitch McConnell won't say...
Christine Rushton / LA Times   |   Mon, 27 Jun 2016 14:07:00

Trade deals the focus

Malcolm Turnbull and New Zealand Prime Minister John Key have held talks in the wake of the Brexit vote.
Austrailian   |   Mon, 27 Jun 2016 14:00:00

Friday's global equity loss worst ever

The $2.08tril wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
Here Is The City   |   Mon, 27 Jun 2016 13:53:06

UK Seeks Divorce, Rajoy Needs a Shotgun Marriage

The UK has decided to seek a divorce from the EU after a 43-year rocky marriage. It was not an overwhelming decision. Brexit won by 52%-48% margin, seemingly too small for such a momentous decision. The UK has not decided exactly when it will formally begin the divorce proceedings, and ...
Marc to Market   |   Mon, 27 Jun 2016 13:52:20

A.M. Funds Roundup: Worries Bremain

Links to the best reading in funds investing: Dang: George Soros was "long" the sterling before its epic collapse - Francine Lacqua and Sree Vidya Bhaktavatsalam, Bloomberg A rundown of Brexit-related hedge fund performances - Lawrence Delevingne and Svea Herbst-Bayliss, Reuters A look at what the asset managers are thinking ...
Focus on Funds   |   Mon, 27 Jun 2016 13:45:34

S&P 500 Breaks Below Key Technical Support, Dow Nears 1000-Point Plunge

For the first time since March, the S&P 500 has tumbled below its 200-day moving average; the last two times it broke this trend, things escalated very quickly. The cash S&P index is now down 100 points from pre-Brexit euphoria but Dow futures are down almost 1000 points from the ...
Zero Hedge   |   Mon, 27 Jun 2016 13:45:23

Daily Digest 6/27 - How American Politics Went Insane, The Solar System's Most Livable Places

Judge Says FBI Can Hack Computers Without A Warrant Because Computer Users Get Hacked All The Time How American Politics Went Insane Central Banks Worry About Engaging World Markets After 'Brexit' Brexit May Well Never Happen Voters in one fading port town wonder if they were misled about Brexit World ...
Chris Martenson   |   Mon, 27 Jun 2016 13:43:28

'Brexit' creates a headwind for U.S. economy, not a financial crisis, Treasury's Lew says

Britain's vote to leave the European Union is a headwind for the U.S. economy but should not trigger another financial crisis, Treasury Secretary Jacob J. Lew said Monday. "The U.S. economy is doing pretty well. It's performing in a stable, steady way even though there have been substantial headwinds,"...
Jim Puzzanghera / LA Times   |   Mon, 27 Jun 2016 13:40:00

Will London remain a financial powerhouse?

Barry Ritholtz, founder of Ritholtz Wealth Management, and MSNBC's Olivia Sterns elaborate on the current climate of the stock market and what the future of the market could look like following the 'Brexit' news.
MSNBC   |   Mon, 27 Jun 2016 13:28:45

NZD/USD - New Zealand Dollar Lower, Despite Stellar Trade Balance

The New Zealand dollar has posted considerable gains on Monday, trading above the 0.72 level early in North American session. The markets are nervously keeping tabs as Britons votes in the Brexit referendum. There are no New Zealand releases on Thursday. Over in the US, today's key event is Unemployment ...
OANDA   |   Mon, 27 Jun 2016 13:26:42

Watch: John Oliver Warns Darkly that Brexit Vote Shows Trump Could Win With Uninformed Electorate

Morning after Googling won't work. "There are no f*cking do-overs!" In case you were wondering after the earth-shattering Brexit vote how the U.K. could have voted for a decision yielding such catastrophic economic results, it turns out that many didn't even look into what they were voting for before hitting ...
AlterNet   |   Mon, 27 Jun 2016 13:10:00

Goldman Cuts Its Government Bond Yield Forecasts

Poor Goldman just can't get anything right these days. Having started off 2016 with euphoric optimism, predicting a soaring dollar and at least 4 rate cuts not to mention a blistering recovery, following a series of hits to the US economy and culminating with the Brexit vote, which as we ...
Zero Hedge   |   Mon, 27 Jun 2016 13:09:52

'Brexit' crates a headwind for U.S. economy but it's not a financial crisis, Treasury's Lew says

Britain's vote to leave the European Union is a headwind for the U.S. economy but should not trigger another financial crisis, Treasury Secretary Jacob J. Lew said Monday. "The U.S. economy is doing pretty well. It's performing in a stable, steady way even though there have been substantial headwinds,"...
Jim Puzzanghera / LA Times   |   Mon, 27 Jun 2016 13:08:00

Timmy having fun elsewhere

Absurd But It Works - Ensure EU Single Market Access Post-Brexit With Export Taxes read more
Tim Worstall   |   Mon, 27 Jun 2016 13:04:43

5 Things to Watch on the U.S. Economic Calendar

Days after Brexit shook global financial markets, investors will be paying close attention to the underlying strength of the U.S. economy. The week offers a big dose of economic updates on manufacturing, inflation, the car and housing markets, and GDP.
MoneyBeat   |   Mon, 27 Jun 2016 13:02:17

On deck this week

Mon: How is Brexit different than Texit, Quexit, or Scotxit? Tues: Should this paper in Psychological Science be retracted? The data do not conclusively demonstrate the claim, nor do they provide strong evidence in favor. The data are, however, consistent with the claim (as well as being consistent with no ...
Statistical Modeling   |   Mon, 27 Jun 2016 13:00:53

McConnell Won't Say Whether Donald Trump is Qualified To Be President, Spain Elections Lead to Second Hung Parliament in Six Months, Chile Beats Argentina: A.M. Links

Some media outlets are pushing poll results that show a huge lead for Hillary Clinton but look different when Gary Johnson is included. Senate Majority Leader Mitch McConnell (R-Ky.) won't say whether he thinks Donald Trump is qualified to be president, while Rolling Stone used Brexit to imply people shouldn't ...
Hit & Run   |   Mon, 27 Jun 2016 13:00:00

Morning Movers: Barrick Gold Jumps on Upgrades; Carnival Tumbles

Stocks continue their post-Brexit slump as investors continue to flee the market. European Pressphoto Agency S&P 500 futures have declined 0.7%, while Dow Jones Industrial Average futures have fallen 0.7%. Nasdaq Composite futures have dropped 0.8%. Medtronic (MDT) has dropped 1.7% to $81.81 after agreeing to pay a 95% premium ...
Stocks To Watch   |   Mon, 27 Jun 2016 12:51:17

Maintaining a Moral Compass in a Globalized World

Brexit and the rise of nativism threaten more than just individual states.
Political Animal   |   Mon, 27 Jun 2016 12:48:20

Convention Buildup; Trump and Brexit; Dems and Guns; a Cataclysmic Decision

Good morning, it's Monday, June 27, 2016. Seventy-six years ago today, Franklin D. Roosevelt officially committed the United States to the task of building an atom bomb. This presidential action came in the form of a classified directive creating the National Defense Research Committee, an innocuous-sounding addition to the Council ...
Real Clear Politics   |   Mon, 27 Jun 2016 12:47:25

Top Analyst Upgrades and Downgrades: Alexion, Barrick Gold, Barclays, Coeur Mining, GW Pharma, SE, AGCO, HSBC, RBS and Many More

Things might have felt bad on Friday's post-Brexit surprise, but the Dow's drop of 610 points, a drop of 3.4%, was mild compared to European markets where many of the key stocks were down... ABX AGCO ALXN BCS CDE DB HLS HSBC IAG IVZ MAN RBS RMD SE SWKS Administrator ...
24/7 Wall St.   |   Mon, 27 Jun 2016 12:44:00

Former Scottish leader predicts country will leave U.K.

Many believe a second independence referendum is likely after 'Brexit' vote.
USA Today   |   Mon, 27 Jun 2016 12:38:14

10 Monday AM Reads

Welcome back to the fun house - start your post-Brexit week right with the finest morning train reads in the land: • Is Your Portfolio Getting Enough Sleep? (bps and pieces) • The Boomer Legacy: An Economic Mess (Above the Market) • "Private equity is threatening public safety" When You ...
The Big Picture   |   Mon, 27 Jun 2016 12:30:46

This is 'economic madness' for the UK

CNBC's Dominic Chu discusses the economic impact of the Brexit vote. The Financial Times' Gillian Tett also joins the discussion.
MSNBC   |   Mon, 27 Jun 2016 12:30:03

Welcome to the 'Brangover' (USD, GBPUSD)

Good morning! On Monday morning here in New York markets are still digesting the news out late last week that the UK has voted to leave the European Union. As was the case on Friday, stocks are sliding, the British pounding is tumbling, and gold is rallying. And since no ...
Business Insider   |   Mon, 27 Jun 2016 12:25:32

Brexit Inspires US Separatists, Top Aide Defends Trump's Improvisation, And The Daily Reality Of Terror

Check out Monday's newsletter! Read More
TPM   |   Mon, 27 Jun 2016 12:21:59

Jack Lew: Global anxieties abound

U.S. Treasury Secretary Jacob Lew weighs in on whether the European banks will need a bailout after Brexit.
Steve Liesman   |   Mon, 27 Jun 2016 12:07:00

Trump's 'Best Speech' Yet

Plus, America's opportunity after the Brexit vote.
WSJ Opinion   |   Mon, 27 Jun 2016 12:06:24

Monday Morning Links

MUST READS Thank You, Great Britain! - Handelsblatt Who Voted for the Brexit? - The Atlantic Why did Britain vote to leave the EU? - Vox Osborne seeks to calm Brexit turmoil - BBC British EU vote unnerves world leaders and markets - Reuters The UK's Magna Carta 2.0: Good ...
Tim Iacono   |   Mon, 27 Jun 2016 12:03:10

As Brexit crisis intensifies, Trump...

Never before have Americans seen a presidential hopeful with such a preoccupation with self-congratulation ... even when he gets a story backwards.
Steve Benen / MSNBC   |   Mon, 27 Jun 2016 12:00:18

Here's a super-quick guide to what traders are talking about right now

Via Dave Lutz at JonesTrading, here's a quick guide to what traders are talking about on Monday: Good Morning! US Futures are on overnight lows, adding to their largest daily drop since August losing 70bp as Brexit angst continues to reverberate. Euro markets are getting whacked again, with the DAX ...
Business Insider   |   Mon, 27 Jun 2016 11:47:10

Poland 'shocked' by xenophobic abuse of Poles in UK

Polish ambassador expresses "deep concern" after reports of abuse directed against UK-based Poles in the wake of Brexit.
Al Jazeera   |   Mon, 27 Jun 2016 11:45:31

UK 10-year gilt yield falls below 1%

Traders anticipate monetary easing from the Bank of England as economy faces Brexit headwinds
FT   |   Mon, 27 Jun 2016 11:45:17

Another top firm in no rush to start moving staff out of London

'The outcomes could range from a very small change to a substantial one'.
Here Is The City   |   Mon, 27 Jun 2016 11:39:30

Trump Climbs on the Brexit Bandwagon

GOP candidate says vote in Britain echoes his anti-establishment campaign.
Kenneth T. Walsh / U.S. News   |   Mon, 27 Jun 2016 11:38:00

UK data is really irrelevant - BBH

Research Team at BBH, suggests that the UK data is really irrelevant but it offers a bit of a base case of how the UK was performing before the Brexit
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 11:35:40

Deutsche Bank: "There's No Escaping The Fact That This Is A Class War"

From DB's Jim Reid, who succintly explains the of 7 years of ZIRP, NIPR, Twist and QE... and leaves off with hopes for helicopter money. The shockwaves and consequences around Brexit will resonate for years. It's probably an understatement to say that most in financial markets regret the UK's decision ...
Zero Hedge   |   Mon, 27 Jun 2016 11:35:24

Morning News: June 27, 2016

Bank Shares Slide as Brexit Turmoil Hits World Stocks Text of Statement by George Osborne, Chaneloor of Exchequer, on 'Brexit' Oil Trades Below $48 a [...]
Eddy Elfenbein   |   Mon, 27 Jun 2016 11:32:59

Advice for the Present from the Past

A quote I happened upon this weekend:What is becoming plain are ever bigger collectivizations. There are, for example, the European unions, the union of the Islamic world, and the attempt to create a sort of global consciousness via the UN conferences. At the same time we observe that the self-assertion ...
National Review   |   Mon, 27 Jun 2016 11:31:35

Frontrunning: June 27

After 'Brexit' Vote, Europe's Leaders Debate Timing of U.K.'s Departure (WSJ) Pound Slumps, Banks Tumble on Brexit Fallout; Bonds Extend Gains (BBG) To Brexit or Regrexit? A dis-United Kingdom ponders turmoil of EU divorce (Reuters) 'Brexit' Sparks Political Turmoil Across U.K. (WSJ) 10 ways to leave EU lover; scenarios for ...
Zero Hedge   |   Mon, 27 Jun 2016 11:23:31

Markets: Brexit, Global Recession, Next Crisis

The world is already in recession. Parts of Europe, parts of America are in recession and Brexit is just going to make it worse. Everybody should be concerned because the next recession, the next problem will be worse than 2008 because now we have a lot more debt. When you ...
Jim Talks Markets   |   Mon, 27 Jun 2016 11:03:00

Jamie Oliver blasts Boris Johnson in furious Brexit tirade

Adam Boult / Telegraph   |   Mon, 27 Jun 2016 11:02:33

Opening Bell: 6.27.16

EU leaders hope Brits will reconsider; London bets screwed bookies; Goldman predicts UK recession; Sarah Palin compares Brexit to Declaration of Independence; and more.
Dealbreaker   |   Mon, 27 Jun 2016 11:00:27

EUR/USD stuck within range near 1.1000

The common currency keeps its daily losses on Monday, now taking EUR/USD to the lower-1.1000s ahead of US data. EUR/USD weaker on Brexit effects The
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 10:52:17

Is Donald Trump hurting himself?

Donald Trump won't allow himself to catch a break.
CNN   |   Mon, 27 Jun 2016 10:49:25

News: Morning Agenda: Markets Shaky As Political Chaos Continues in the Wake of

In Private Equity’s Hands, Public Services and Housing in Disarray
DealBook   |   Mon, 27 Jun 2016 10:42:10

Wilbur Ross: I bought pounds

The British pound is down in the water, and billionaire investor Wilbur Ross sees a buying opportunity.
CNBC   |   Mon, 27 Jun 2016 10:41:00

Barclays, RBS shares suspended in crash

CNN   |   Mon, 27 Jun 2016 10:29:38

GBP/USD targets a move to 1.30 - UOB

Cable remains on the defensive following the 'Brexit' vote last week, now targeting the 1.3000 area, according to the research team at UOB Group. Key
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 10:22:00

U.K. a victim of its own ideas

The Brexit vote is a cautionary tale to other countries and their elites about complacency toward populist movements and the casual acceptance of the downsides of globalization as just "another cost of doing business." The post U.K. a victim of its own ideas appeared first on The Japan Times .
Brad Glosserman / Japan Times   |   Mon, 27 Jun 2016 10:14:35

USD/JPY slips below 102.00

The persistent risk-off environment is lending extra support to the Japanese safe haven, dragging USD/JPY to the 101.70 area. USD/JPY lower on Brexit
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 10:11:41

Why Are Anti-Trump Conservatives Hailing the Brexit?

The year between the launch of Donald Trump's presidential campaign and Britain's decision to withdraw from the European Union was enough time for conservative elites to divide themselves between Trump supporters and apologists, on the one hand, and Trump renouncers on the other. It was not long enough, however, to ...
New Republic   |   Mon, 27 Jun 2016 10:00:00

UK 10-year Gilt yields drop below 1% for first time to hit all-time lows

The persisting risk-off trades appear to have intensified as concerns over the Brexit aftermath accentuated, with Labor party's MP resigning and banki
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 09:38:53

FTSE falls more than 1% but Randgold and Fresnillo in demand

Early calm soon disappears as investors continue to weigh up Brexit fallout Leading shares continue to decline as the volatility following the vote for the UK to leave the European Union. Early reassurance following comments from chancellor George Osborne appears to be wearing off, and the FTSE 100 has now ...
Guardian Staff / Guardian   |   Mon, 27 Jun 2016 09:04:42

US Dollar stronger, bounces off 96.00

The greenback, tracked by the US Dollar Index, remains on a firm fashion following last week's 'Brexit' vote at the UK referendum. US Dollar bolstere
Pablo Piovano / FX Street   |   Mon, 27 Jun 2016 08:54:59

Brussels Briefing: what now?

To receive the Brussels Briefing every morning, sign up here. After the shock, the reality. Across Europe, politicians, officials, voters and businesses have asked themselves a simple question following the Brexit result: what now? In Westminster, a political vacuum has emerged. Britain has lost a prime minister and not yet ...
FT Brussels Blog   |   Mon, 27 Jun 2016 08:19:23

Labour's Jeremy Corbyn faces crisis after Brexit vote

Labour leader Corbyn fires shadow foreign secretary for attempting coup, as more than a dozen members resign.
Al Jazeera   |   Mon, 27 Jun 2016 08:12:11

The UK will soon get as Prime Minister a very British version of Donald Trump

In the chaos that has resulted from the Brexit vote, not enough has been written about how this will almost certainly mean that we will have as Prime Minister someone who in many respects could be described as a British Donald Trump. They both benefited from privilege: in the US ...
Mainly Macro   |   Mon, 27 Jun 2016 08:03:00

Weekly SNB Intervention Update: Sight Deposits and Speculative Position

FX: CHF remains strong. Reasons are: Brexit fears; the weak US Payroll report and the FOMC reaction to it: U.S rates to remain low for longer; A strong recovery of the Swiss economy, visible e.g. in the Swiss Manufacturing PMI Sight Deposits: SNB intervenes for 2.6 billion francs. Speculative position: ...
SNB CHF Blog   |   Mon, 27 Jun 2016 08:00:59

Property and financial shares slide as referendum fallout hits stock markets

FTSE 100 opens lower while sterling remains under pressure after EU referendum vote Shares in housebuilders and banks suffered further losses on Monday as the economic and political ramifications of the Brexit vote continued to weigh on markets. The pound remained under pressure on the foreign exchange markets, although it ...
Jill Treanor / Guardian   |   Mon, 27 Jun 2016 07:41:04

GBP sucked lower on political vacuum

FTSE 100 called to open -65pts at 6075, having fallen back considerably from Friday's post-Brexit 6220 recovery highs to re-test lows of 5900. The Bulls will be watching for a break above 6100 to inspire hopes that the overnight rebound has legs and that Friday's highs can be matched. Bears ...
Proactive Investors   |   Mon, 27 Jun 2016 07:29:00

TaxProf Blog Weekend Roundup

Saturday: This Week's Ten Most Popular TaxProf Blog Posts Update On Murder-For-Hire Investigation Into Dan Markel's Death: Hit Men Thwarted In Previous Attempt To Kill FSU Professor The Tax Consequences Of Brexit Temperature Rises In Debate Over NY Times Coverage Of The Law School Crisis The IRS Scandal, Day 1143...
TaxProf Blog   |   Mon, 27 Jun 2016 07:02:00

Further reading

Elsewhere on Monday, - Brexit is a message about Englishness to the elite. - When preference falsification strikes. - Schäuble's secret Brexit plan. - The Snowbot. Continue reading: Further reading
FT Alphaville   |   Mon, 27 Jun 2016 06:56:23

John Oliver: 'There are no f------ do overs'

CNN   |   Mon, 27 Jun 2016 06:56:21

Economy adjustment 'inevitable'

Chancellor George Osborne insists Britain is well-equipped to handle Brexit but remains silent on his future role.
Austrailian   |   Mon, 27 Jun 2016 06:56:00

Links for 06-27-16

Some thoughts on Brexit - Kevin O'Rourke Against Eurotimidity - Paul Krugman Will America Win or Lose From Brexit? - Simon Johnson Economic consequences of Brexit - Econbrowser Is Brexit a global uncertainty shock? - Gavyn Davies The BBC problem...
Economist's View   |   Mon, 27 Jun 2016 06:53:28

David Lammy is a tosser, isn't he?

We need to get real, quickly: $2tn was wiped off global markets on Friday; the pound has plummeted; and Moody's has already downgraded our credit rating from "stable" to A Brexit would be self-immolation. An ignorant fucking tosser too. ... read more
Tim Worstall   |   Mon, 27 Jun 2016 06:38:58

France and Germany seek joint response at Brexit crisis talks

French President François Hollande and German Chancellor Angela Merkel on Sunday confirmed they were in "full agreement on how to handle the situation" created by Britain's vote to quit the EU, according to French presidency sources.
FRANCE 24 / France 24   |   Mon, 27 Jun 2016 06:23:02

Pound and shares hit again by Brexit crisis - business live

Sterling is falling sharply in Monday morning trading, as Britain's decision to leave the EU continues to reverberate around the markets 7.19am BST Sterling has begun the week with a serious bout of Monday morning blues. Heavy selling in Asia has pushed the pound down by almost three cents, or ...
Graeme Wearden / Guardian   |   Mon, 27 Jun 2016 06:19:01

Madness, complete madness

Mr Garnier, a Conservative member of the Parliament's Treasury Committee, says that a so-called Brexit might make it worthwhile for Scots to go it alone to usurp London's position. "If I was Nicola Sturgeon trying to find an alternative purpose ... read more
Tim Worstall   |   Mon, 27 Jun 2016 06:00:31

NZD/AUD looking neutral for the week ahead - Westpac

Imre Speizer, Senior Market Strategist at Westpac, notes that the NZD/AUD cross has been stuck between 0.94 and 0.96 since 9 June, not even Brexit's r
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 06:00:07

Gold on the front foot amid flight to safety

Gold set-off a new week on a firmer footing, with the bulls extending last week's bullish momentum amid ongoing concerns over Brexit shock and emergen
Dhwani Mehta / FX Street   |   Mon, 27 Jun 2016 05:59:37

Labour in crisis, Boris Johnson calls for unity post-Brexit

As the United Kingdom wakes up to a new week, the full extent of the Brexit hangover is becoming apparent ahead of a flurry of meetings to start negotiating the UK's exit from the European Union as quickly and as painlessly as possible.
CNN   |   Mon, 27 Jun 2016 05:52:06

That moment when you realise that Nick Clegg is a better trader than you...

This is an article by Nick Clegg - a UK politician - before the Brexit
Bronte Capital   |   Mon, 27 Jun 2016 05:47:00

Expect NZD/GBP to trade above 0.5300 this week - Westpac

Imre Speizer, Senior Market Strategist at Westpac, notes that the GBP was hit hard following the Brexit result, falling against the USD to levels last
Sandeep Kanihama / FX Street   |   Mon, 27 Jun 2016 05:10:16

Philippe Legrain NYT Column Makes the Argument Against Economic Expertise in the U.K.

Phillippe Legrain began his NYT column denouncing the supporters of Brexiter by noting their contempt for economic expertise. He then went on to give good reasons for such contempt. Legrain tells readers: "Experts are, of course, known to make mistakes. But in this case, the people who voted for Brexit ...
CEPR   |   Mon, 27 Jun 2016 04:31:19

Australia must consider fiscal stimulus if Brexit crisis hurts the global economy

Wayne Swan's GFC stimulus measures saved Australia from recession; policymakers should ignore the crazed obsession with the budget balance and follow his policy approach if the worst-case scenarios from Brexit come to pass Brexit is important for Australian policymakers. Whichever side wins the 2 July federal election will need to ...
Stephen Koukoulas / Guardian   |   Mon, 27 Jun 2016 04:24:06

Coming and Going

"You can't fall in love with the single market," Jacques Delors, an ardent Europhile and the eighth president of the European Commission, once said. But there was a lot to be attached to, even to swoon over, before last week's Brexit vote. There was the Eurostar, rendering London and Paris ...
New Yorker   |   Mon, 27 Jun 2016 04:00:00

Scots respond to Trump's remarks about Brexit

When Donald Trump announced his arrival to open his new golf resort in Scotland, Scots took social media to another level with blatant remar...
USA Today   |   Mon, 27 Jun 2016 03:08:08

Some Hedge Funds Clean Up

Two early beneficiaries were London money managers who took different views on the vote, but both wound up making money.
WSJ   |   Mon, 27 Jun 2016 02:31:42

Links for the Week of June 26, 2016

**Most-Recent Must-Reads:** * **Paul Krugman**: [Against * **Dan Davies**: * **Teebs**: * **Paul Krugman**: [Brexit: The Morning * **Felix Salmon**: [Little England Just Screwed Us **Most-Recent Links:** * **Barry Eichengreen**: [What explains Britain's Brexit * **Paul Krugman**: [Money: The Brave New Uncertainty of Mervyn...
Grasping Reality   |   Mon, 27 Jun 2016 02:20:26

EUR/USD: Bears in control, flirting with 1.10 handle

EUR/USD is flirting with 1.10 handle in Asia as calls of referendum across Eurozone after Brexit is keeping the EUR on the back foot. Rejected at 50%
Omkar Godbole / FX Street   |   Mon, 27 Jun 2016 02:18:33

We Just Witnessed The Greatest One Day Global Stock Market Loss In World History

More stock market wealth was lost on Friday than on any other day in world history. As you will see below, global investors lost two trillion dollars on the day following the Brexit vote. And remember, this is on top of the trillions that global investors have already lost over ...
Economic Collapse   |   Mon, 27 Jun 2016 01:54:54

APAC Currency Corner - Another financial meltdown on the cards?

Post-Brexit vote, the debate has centred on whether it will be the catalyst for another Lehman Brothers-style meltdown. While there's a lot of dust still to settle, central bankers are ready and willing to use whatever tools necessary to calm investor's nerves and avoid a global meltdown. While markets were ...
OANDA   |   Mon, 27 Jun 2016 01:51:24

This Is Just the Start of the Brexit’s Economic Disaster

Markets have already taken a hit, but if Britain leaves the European Union, don’t expect a recovery any time soon.
PHILIPPE LEGRAIN / NY Times   |   Mon, 27 Jun 2016 01:51:02

Trump, Brexit voters seen feeling left behind in fast-changing, immigrant-flooded world

At the heart of the campaign that led Britain to vote to leave the European Union was a desire to regain independence lost amid a globalized world. It's the same kind of feeling that Donald Trump rode to become the presumptive Republican nominee in the U.S., where he campaigns to ...
Japan Times   |   Mon, 27 Jun 2016 01:45:23

TRUMPism and political multi-culturalism post Brexit

Brexit, like a Trump Presidency, is yet another broken cog shaking the Elite's machine towards global domination. For better or worse, some are calling it a rise of 'populism.' But at the end of the day, social unrest can be easily predicted and scientifically quantified. The Elite are doing a ...
Zero Hedge   |   Mon, 27 Jun 2016 01:37:29

'Brexit' Creates Crisis for Japan's Recovery Efforts

The U.K. vote to leave the European Union sent the yen soaring as investors poured money into currencies that are seen as stable stores of value in times of turmoil. That has sapped Japan's efforts to bolster its economy through measures that rely heavily on cheapening the currency to support ...
WSJ   |   Mon, 27 Jun 2016 01:30:08

The Week Ahead: The Implications of the Vote, Stress Tests and Puerto Rico

Economists and policy makers will gather at the annual ECB Forum on Central Banking, where Britain’s decision to leave the European Union will be a popular topic. Also, $1.9 billion in debt will come due for Puerto Rico, its largest bill to date.
THE NEW YORK TIMES / NY Times   |   Mon, 27 Jun 2016 01:25:26

With Washington’s Direct Line to the Continent Suddenly Frays

Officials say no country shares the United States’ worldview quite the way Britain does in terms of security, intelligence and trade.
DAVID E. SANGER / NY Times   |   Mon, 27 Jun 2016 01:11:47

The Sarcasm Report v.256

Welcome to the 2^8th sarcasm report! Momentous day! So let's get right to it.June 24, 2016Yahoo Finance: After the Brexit turmoil, expect a stock-market reboundFAQQ: When can we expect the stock market rebound?A: Just after the Brexit turmoil ends.Q: When can we expect the Brexit turmoil to end?A: Just before ...
Illusion of Prosperity   |   Mon, 27 Jun 2016 01:10:00

More states or fewer?

I was going to write something today about monetary economics, the 2008/09 crisis, and reform options for financial systems and economies, but....the Brexit aftermath is pretty much all-absorbing, at least to a junkie. So far, it is difficult to see why anyone would be very surprised about what has happened ...
Croaking Cassandra   |   Mon, 27 Jun 2016 00:42:30

Liberal democracy in the age of globalization

The Times has this assessment of Brexit,Since the fall of the Berlin Wall in 1989, politics and economics have mostly moved in one direction, with the elites on both sides of the Atlantic favoring policies like the North American Free Trade Agreement with Canada and Mexico, the introduction of the ...
Urbanomics   |   Mon, 27 Jun 2016 00:30:00

U.K. Exit Is Different This Time

toby Exit Is Different This Time The U.K. "Brexit" decision raises risks about the pound, real estate and the economy.U.K. exit is different this time -- Heard on the StreetU.K. Exit Is Different This Time -- Heard on the Street Heard on the StreetU.K. Exit Is Different This Time The ...
WSJ   |   Mon, 27 Jun 2016 00:24:24

Cable could fall to $1.15-1.20 levels: CIBC

Brexit came as a shock to markets, which unwound sharply last Friday and still have to price in Brexit's long-term impact, says CIBC's Patrick Bennett.
CNBC   |   Mon, 27 Jun 2016 00:23:00

Australian market opens lower

The Australian sharemarket has opened lower in the wake of the UK's Brexit vote.
SMH   |   Mon, 27 Jun 2016 00:16:21

Op-Ed Contributor: This Is Just the Start of the Brexit’s Economic Disaster

Markets have already taken a hit, but if Britain leaves the European Union, don’t expect a recovery any time soon.
PHILIPPE LEGRAIN / NY Times   |   Mon, 27 Jun 2016 00:07:29

No joy from Asian growth without supply-side reform

Author: Peter Drysdale, ANU The global economic outlook may be grim but it would be grimmer still but for Asian economic growth. There's no dynamic growth pole anywhere else in the world and global uncertainties have increased around the rise of Donald Trump in North America and Brexit in Europe. ...
East Asia Forum   |   Mon, 27 Jun 2016 00:00:07

Capital Flight Chaos - Safe Havens Are Tiny Markets

Submitted by Adam Taggart via PeakProsperity.com, Little did I realize when creating the short video below how prescient it would quickly become in the wake of Friday's Brexit vote... Its message is simple: there's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when ...
Zero Hedge   |   Sun, 26 Jun 2016 23:50:00

Spot gold climbs 1 pct as investors seek safe-haven

Spot gold climbed more than 1 percent on Monday after Britain's vote to leave the European Union pushed investors towards the safe-haven asset.
CNBC   |   Sun, 26 Jun 2016 23:32:00

"Trying To Wash Away Her Bad Judgement?" - Clinton Attacks Trump Following Brexit Results

Aside from the millions of UK voters who chose to regain sovereignty last week, one of the biggest winners of the Brexit vote is potentially Donald Trump. Trump's rise in popularity is in no small part due to the fact that people in the US are tired of the status ...
Zero Hedge   |   Sun, 26 Jun 2016 23:27:25

EUR/USD technicals: Downward extension ahead - FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, notes that EUR/USD technical indicators head sharply lower following the Brexit outcome last Friday, supp
Ivan Delgado / FX Street   |   Sun, 26 Jun 2016 22:59:50

The End of the West As We Know It?

The following remarks were delivered on May 13 at the 2016 Lennart Meri Conference by the President of Estonia. In the wake of the recent Brexit vote, they are more resonant than ever.
The American Interest   |   Sun, 26 Jun 2016 22:54:37

Central Banks Worry About Engaging World Markets After

Some economists warn that the policies largely favored by the banks could further alienate the public and increase the frustration that encouraged Britons to vote for leaving the European Union.
DealBook   |   Sun, 26 Jun 2016 22:49:13

Having Won, Some Campaigners Begin Backpedaling

Victors in Thursday’s vote to leave the European Union have begun to retreat from promises like the level of added health spending.
STEPHEN CASTLE / NY Times   |   Sun, 26 Jun 2016 22:44:25

Sunday Night Futures

From Goldman Sachs economist Jan Hatzius and Sven Jari Stehn: After the Brexit Shock Following the UK referendum, we have downgraded our global growth forecast, sharply in the UK and more modestly elsewhere. Increased uncertainty and deteriorating terms of trade are likely to subtract a cumulative 2¾% from UK GDP, ...
Calculated Risk   |   Sun, 26 Jun 2016 22:34:00

Irish, French officials urge financial firms to move from London

IDA Ireland, which promotes foreign investment in the country, issued a statement within hours of the release of the final referendum results on Friday, saying it hoped to take advantage of Brexit
PAUL WALDIE / Globe and Mail   |   Sun, 26 Jun 2016 22:17:16

Clinton hits Trump's Brexit boon to his business remark as polls put her out in front

Hillary Clinton's presidential campaign accused Donald Trump on Sunday of caring more about how Britain's historic vote to leave the European Union would benefit his financial bottom line than how it would impact the U.S. economy. Clinton campaign manager Robby Mook acknowledged parallels between the populist anger and anti-establishment fervor ...
Japan Times   |   Sun, 26 Jun 2016 22:08:08

Trump's Economic Adviser On Brexit

Larry Kudlow is pretty good here: Britain will regain its political freedom, its autonomous self-government, and its independence from an European Union that is spinning out of control under the power of establishment elites, unelected and unaccountable socialist bureaucrats, and a court that is increasingly making legal decisions that replace ...
Economic Policy Journal   |   Sun, 26 Jun 2016 22:04:00

UK opposition Labour Party in crisis

Members of the shadow cabinet Have resigned in protest over leader Jeremy Corbyn and his failure to persuade voters to back a remain campaign.
CNBC   |   Sun, 26 Jun 2016 21:52:00

Why The Brits Really Voted "Leave" (In 3 Simple Cartoons)

So who knows better? "Brexit is not the disaster. The disaster is what they're rowing from.... As soon as the focus returns to why the UK bailed in the first place the proper sympathy will shift from the poor Britons in a flimsy rowboat to Europeans still trapped on the ...
Zero Hedge   |   Sun, 26 Jun 2016 21:51:54

Reaping the whirlwind

I've been trying to make sense of the Brexit (or rather E-exit) vote in terms of the "<a analysis I put forward a while back. The result, over the fold, is a piece in Inside Story, an Australian magazine. The key point is, that, in the absence of a coherent ...
John Quiggin   |   Sun, 26 Jun 2016 21:39:13

The Positive Side of Nationalism

The decision of the British electorate to reject all the advice and browbeatings from the Great and Good, and vote to leave the European Union, is above all a display of word was mostly absent in the discussions I watched on the BBC and in much coverage here in the ...
National Review   |   Sun, 26 Jun 2016 21:30:00

UBS CIO Warns "The Status Quo Is Over... Get Used To It"

From the desk of Mark Haefele, CIO UBS Wealth Management, Brexit - Navigating The Aftermath In short The effects of the UK's vote to leave the European Union have been felt around the world. Markets have re-priced to reflect heightened political uncertainty, the threat of lower growth in Europe, and ...
Zero Hedge   |   Sun, 26 Jun 2016 20:03:12

Fear: Good For Fighting Wooly Mammoths, Bad For Investment Strategy

Last week's Brexit vote certainly put fear into the hearts and minds of investors. Even I was ready to pickup the phone to speak with my financial advisors. Before you think about making a trade, consider what's driving your decision. Maybe you'll find that staying the course is not such ...
Neale Godfrey, Contributor / Forbes   |   Sun, 26 Jun 2016 18:58:00

Surprised Hedge Fund Managers Used to Picking Winners

George Soros, Leon Cooperman and other top investors confidently predicted that Britain would remain in the E.U. Now they’re proceeding with caution.
DealBook   |   Sun, 26 Jun 2016 18:37:46

Is Brexit a Good Omen for Trump?

The first sentence of an Associated Press election story Friday morning ever-so-neatly summed up the establishment's horrified reaction, on both sides of the Atlantic, to the Brexit vote. "Britain voted to leave the European Union," wrote the AP, "after a bitterly divisive referendum campaign, toppling the British government, sending global ...
Real Clear Politics   |   Sun, 26 Jun 2016 18:23:26

In Latest Shock To Status Quo, Spanish Left-Wing Parties Set To Win Parliamentary Majority

While the world is focused on the aftermath of the Brexit vote, another surprise to the European status quo was just served thanks to Spain's parliamentary elections, where according to the just released exit polls... LATEST: Table comparing two exit polls with actual result from - The Spain Report (@thespainreport) ...
Zero Hedge   |   Sun, 26 Jun 2016 18:16:12

Strong dollar raises flag for US business

Brexit could add to pressure on tourist spending
FT   |   Sun, 26 Jun 2016 17:55:45

[Eugene Volokh] " 'Citizens of the World'? Nice Thought, But ... "

I'm no expert on European Union matters, but Megan McArdle's column on Brexit strikes me as much worth reading. There's a lot of appeal to the internationalist idea that building superstates will tamp down on war. But there's a reason that the 19th century architects of superstates (now known simply ...
Volokh Conspiracy   |   Sun, 26 Jun 2016 17:49:54

Tribalism

Seth asks: "Are there concerns that Brexit is going to blow more air into the Canadian housing gasbag? Diverted foreign investment, delayed interest rate increases, suppressed loonie?" Let us all pray this is the last post on Brexit. At least for this week. For the record, UK voters have made ...
Greater Fool   |   Sun, 26 Jun 2016 17:23:51

Thousands of migrants to join protest following Brexit result

Camilla Turner / Telegraph   |   Sun, 26 Jun 2016 17:22:24

Consultants brace for Brexit boom

Early calls for advice likely to translate into massive restructuring fees later
FT   |   Sun, 26 Jun 2016 17:09:12

British politics in disarray; Scotland hopes to block Brexit

Britain is facing unending political chaos as Scotland's leader has declared the Scottish parliament might try to block Britain's exit from the European Union and lawmakers in the opposition Labour Party are revolting against their chief
U.S. News   |   Sun, 26 Jun 2016 17:07:17

Article 50: can the EU force the pace of Brexit?

Tick tock. shutterstock.com The tussle for power in the aftermath of the UK's Brexit vote has begun. Now that Britons have voted, the government must decide about negotiating the country's exit from the European Union. While both the UK prime minister and members of the Leave campaign appear to be ...
Steve Peers, Professor of Law, University of Essex / The Conversation   |   Sun, 26 Jun 2016 17:05:13

Eastern Europe ready for Brexit hardball

Keeping benefits and privileges of citizens in UK will be priority
FT   |   Sun, 26 Jun 2016 17:04:17

Get ready for more market reaction to Brexit

Sterling and the stock market are only likely to settle once the UK's new relationship with Europe has taken shape A lame-duck prime minister; a (so far) silent chancellor; an opposition party in turmoil; a possible general election in the autumn that could produce a hung parliament; and the threat ...
Nils Pratley / Guardian   |   Sun, 26 Jun 2016 17:04:10

U.S. Economy Looks Likely to Weather 'Brexit' Storm

The U.K.'s decision to exit the European Union may rock the overall U.S. economy in coming months. But it isn't likely to sink it.
WSJ   |   Sun, 26 Jun 2016 17:03:31

City leaders grapple with Brexit fallout

The FT's network of 50 business leaders digest the momentous referendum result and its ramifications
FT   |   Sun, 26 Jun 2016 16:57:48

MEPs demand big say over terms of Brexit

Members mobilise to ensure assembly exerts more influence over the UK's economic destiny
FT   |   Sun, 26 Jun 2016 16:54:11

Sturgeon may ask Holyrood to block Brexit

SNP leader has also raised the prospect of a second Scottish independence vote
FT   |   Sun, 26 Jun 2016 16:53:20

Brexit Will Free The Bendy Banana, Incandescent Light Bulbs And Tomato Marmalade

To worry about the European Union's laws on bendy bananas might sound like a rather trivial thing to be doing. However, this is actually an important insight into just what is wrong with the basic approach of the EU to how the world should be ordered. As are those incandescent ...
Tim Worstall, Contributor / Forbes   |   Sun, 26 Jun 2016 16:52:00

The Rebellion Is Real; Brexit Was Merely A Warning

Submitted by Richard Fernandez via PJMedia.com, Within 24 hours of the Brexit victory its disruptive effects made many argue it was a mistake; that it would not be long before a repentant Britain was pushing its face against the cold glass doors of the Euro cafe, wistfully eyeing the delicacies ...
Tyler Durden / Zero Hedge   |   Sun, 26 Jun 2016 16:49:23

Gary Johnson: You Can Look at Brexit as a 'Catastrophe' or an 'Opportunity'

Libertarian presidential nominee Gary Johnson said the United Kingdom's vote to leave the European Union could be viewed "as some kind of catastrophic event, or as an opportunity," according to a statement released to the Washington Post. "The sky is not falling, and when the dust settles, Britain's decision may ...
Ed Krayewski / Hit & Run   |   Sun, 26 Jun 2016 16:47:00

Why Trump Can't Easily Replicate the Brexit's Success

American commentators have spent the weekend pondering the similarities between Britain's vote to leave the European Union and America's impending vote on whether to take leave it of its senses by electing Donald Trump. The similarities have been well-rehearsed: The supporters of Brexit-like the supporters of Trump--are older, non-college educated, ...
Peter Beinart / The Atlantic   |   Sun, 26 Jun 2016 16:45:21

U.S. Presidential Race: Revolt Casts a Shadow Over Hillary Clinton’s Cautious Path

Mrs. Clinton offers messages about stability that are similar to the ones put forth by the defeated campaign in Britain’s referendum on leaving the European Union.
PATRICK HEALY / NY Times   |   Sun, 26 Jun 2016 16:35:26

Brexit: The Gift That Will Keep on Giving

( Steven Hayward ) We've already had plenty of coverage here about the elite left's unhinged whingeing about the Brexit vote, and I predict the Brexit vote will become for Europolitans what the sainted Citizens United decision is for lefties here in the U.S-a source of perpetual rage and blame ...
Steven Hayward / Power Line   |   Sun, 26 Jun 2016 16:34:19

5 top reasons 'Brexit' is roiling the auto industry

Consider what the United Kingdom's decision to leave the European Union will do to the auto industry
USA Today   |   Sun, 26 Jun 2016 16:32:48

How will Brexit affect Britain's trade with Europe?

From possibility of a new trade deal to higher tariffs and quotas, here are the key issues that will impact British businesses Britain will have to reach a new trade agreement with the European Union following its decision to sever links with Brussels. The task will be complex and will ...
Dan Milmo / Guardian   |   Sun, 26 Jun 2016 16:29:01

Brexit wagers set new betting record

Big money was on 'remain' but more bettors picked 'leave'
FT   |   Sun, 26 Jun 2016 16:28:49

Cartoon: You Brexit You Buy It

See great cartoons by all the top political cartoonists at http://cagle.com. To license this cartoon for your own site, visit The post Cartoon: You Brexit You Buy It appeared first on The Moderate Voice .
CAGLE CARTOONS / Moderate Voice   |   Sun, 26 Jun 2016 16:26:42

Why I'm Not Joining In The Brexit Criticism

In Star Trek canon, The Borg are an alien race that appear as recurring antagonists in the Star Trek franchise. The Borg are a collection of species that have been turned into cybernetic organisms functioning as drones in a hive mind called "the Collective" or "the Hive". The Borg use ...
T-STEEL, Site Administrator / Moderate Voice   |   Sun, 26 Jun 2016 16:25:25

Tax experts warn groups of Brexit tax hit

Paperwork and cash flow costs might prompt multinationals to leave UK to set up base in EU state
FT   |   Sun, 26 Jun 2016 16:18:40

Here's how other Europeans feel about holding their own referendums

Britain has chosen to leave the European Union and now analysts warn that other European countries may feel inspired to carry out their own referendums. Almost immediately after news outlets called a Brexit, several European politicians made comments about having their own referendums. As Business Insider's Natasha Bertrand previously outlined: ...
Business Insider   |   Sun, 26 Jun 2016 16:18:05

Central banks will bid to smooth Brexit moves

Major central banks will limit market turbulence as much as possible after Britain voted to leave the European Union, the head of the Bank for International Settlements said June 26
Hurriyet   |   Sun, 26 Jun 2016 16:18:00

Housing market feels Brexit chill

Buyers pull out of purchases amid house price and job security fears
FT   |   Sun, 26 Jun 2016 16:13:10

Harsh truths in the aftermath of Brexit

Leave campaigners' promises are about to clash with political reality
FT   |   Sun, 26 Jun 2016 16:07:28

Market weighs Brexit impact for UK debt

Gilt market faces critical week with yields near record lows but investors paying up for insurance
FT   |   Sun, 26 Jun 2016 16:00:09

Why Brexit is devastating to thousands of married couples like us

It's the start of many a love story. Boy meets girl. Boy and girl tie the knot and move to Paris. Boy's country votes to leave the world's largest political and economic union... When we got married (South London registry office, tetchy Scottish officiant, borrowed flowers from the café down ...
Joseph Pearson & Fiona Zublin / Vox   |   Sun, 26 Jun 2016 16:00:04

Brexit: Merkel at centre of new EU crisis

German chancellor faced with task of keeping European Union together
FT   |   Sun, 26 Jun 2016 15:53:22

Brexit backer who created petition says it has been 'hijacked'

An online petition signed by more than 3 million people calling for a second referendum on whether Britain should leave the EU was started by a Leave campaigner who says it has been by unhappy Remain voters.
CNN   |   Sun, 26 Jun 2016 15:52:46

Market turmoil fears likely to force Mark Carney to abandon ECB meeting

Bank of England governor may cancel Portugal visit as City expects further stock market battering on Monday over Brexit Bank of England governor Mark Carney is expected to abandon plans to fly to Portugal for a summit of central bankers, amid fears of further turmoil when markets open on Monday. ...
Jill Treanor and Phillip Inman / Guardian   |   Sun, 26 Jun 2016 15:45:58

Dublin faces policy crisis over Brexit

Enda Kenny tries to reconcile loyalty to EU with special relationship to Britain
FT   |   Sun, 26 Jun 2016 15:45:14

Scottish leader threatens to veto Brexit

First Minister Nicola Sturgeon says her government may use legal means to block Britain's exit from the EU
Al Jazeera   |   Sun, 26 Jun 2016 15:42:58

Scottish leader may try to block 'Brexit' as turmoil spreads

Scotland's Parliament could attempt to block Britain from leaving the European Union, the Scottish leader said Sunday as the turmoil following the historic referendum spread and the leader of the opposition Labor Party faced an open revolt in his party. Scottish First Minister Nicola Sturgeon,...
Associated Press / Money & Company   |   Sun, 26 Jun 2016 15:41:00

Are There Bargains Among the Brexit Wreckage?

Not all stocks were equally hit when the U.K. voted to leave the European Union, but that doesn't necessarily mean a buying opportunity.
WSJ   |   Sun, 26 Jun 2016 15:40:25

3M petition for Brexit do-over

At least 3 million voters are demanding a re-vote of the referendum that took the U.K. out of the European Union.
CNBC   |   Sun, 26 Jun 2016 15:40:00

Is Brexit a global uncertainty shock?

We have seen a lawful rebellion against the urban political elite which stood for globalisation
FT   |   Sun, 26 Jun 2016 15:35:17

What Brexit Means for U.S. Investors

Britain's vote to leave the European Union may have only a slight effect on U.S. economic growth, but it could shift investors' focus on which stocks to buy.
WSJ   |   Sun, 26 Jun 2016 15:34:29

Investors look for new signs of Brexit fallout

Asia and Europe stocks and currency markets may offer clues starting Sunday night
USA Today   |   Sun, 26 Jun 2016 15:34:15

Brexit threatens City of London: a Q&A

London is the world centre of the complex plumbing of markets, but leaving the EU complicates that
FT   |   Sun, 26 Jun 2016 15:30:09

Is Brexit a global uncertainty shock?

Brexit is clearly a first order political shock within Britain itself, perhaps ranking just behind the miners' strikes in the 1970s and 1980s as the most disruptive shock since the Second World War. Over that entire period, it is only the second purely British event that could have a global ...
Gavyn Davies / Gavyn Davies   |   Sun, 26 Jun 2016 15:21:47

Was Brexit About Racism or Tea Kettles?

@instapundit #brexit #brexitvote
admin / Coyote Blog   |   Sun, 26 Jun 2016 15:08:09

Did David Cameron Just Outsmart the Brexiters?

This piece is only available to Political Wire members. Join today for exclusive analysis, new features and no advertising. Sign in to your account or join today! Monthly - $5 per month or Annual - $50 per year
Taegan Goddard / Taegan Goddard   |   Sun, 26 Jun 2016 15:05:26

London banks will pay the 'price' of Brexit

British banks could lose their access to European markets after the U.K. voted to leave the European Union.
CNN   |   Sun, 26 Jun 2016 15:02:58

Brexit: Time For The Hand Wringing To Stop

The British vote to leave the EU has been hitting markets hard since the results became final early Friday morning Washington, DC, time, although the wild swings moderated and the markets stabilized somewhat as the day went on. Doubtless some volatility will remain for awhile due to the uncertainty, which ...
Paul Coyer, Contributor / Forbes   |   Sun, 26 Jun 2016 15:02:00

Brexit: How Malta may be hit

The dark clouds Influence: The UK's departure will deal a blow to Malta's leverage on major political decisions being taken in Brussels, former EU Commissioner Tonio Borg and Malta's former Permanent Representative to the EU Richard Cachia Caruana believe. Malta will no longer be able to rely on Britain's support ...
Times of Malta   |   Sun, 26 Jun 2016 15:01:01

Infrastructure projects thrown into doubt

Civil servants and business leaders calculate impact of Brexit on schemes
FT   |   Sun, 26 Jun 2016 14:58:17

Markets notch historic loss on Brexit

The U.K.'s referendum to leave the European Union was a costly decision in more ways than one.
CNBC   |   Sun, 26 Jun 2016 14:43:00

Central banks won't fix Brexit

Not enough tools in the box to deal with the repercussions of UK leaving EU
FT   |   Sun, 26 Jun 2016 14:41:24

Beyond Brexit, Analysts See Huge Upside in 7 Stocks Under $10

If 2016 is not one of the more weird years in financial markets, then what honestly is? Now we have an unexpected Brexit that threatens the future structure European Union to add to the mix. As if... AMSC GFI UIS Administrator
Jon C. Ogg / 24/7 Wall St.   |   Sun, 26 Jun 2016 14:40:41

UK housebuilders: confidence demolished

Why were the builders hit so hard by the Brexit vote?
FT   |   Sun, 26 Jun 2016 14:37:51

Here are the 10 US companies with the most to lose from the Brexit vote

After the historic decision by the United Kingdom to leave the European Union on Thursday, markets are reeling. US stock indexes have erased all of their gains for 2016, and nearly every sector is in the red. Currencies are going wild and gold is soaring. Some companies, however, have more ...
Bob Bryan / Business Insider   |   Sun, 26 Jun 2016 14:32:00

Tata Steel near deal to save Port Talbot plant despite Brexit

Campaigners have said steel industry faces new crisis after vote to leave EU, but sterling's slump could boost prospects Tata Steel is close to a deal to save the Port Talbot plant despite Britain's vote to leave the EU, as sterling's slump boosts the industry's survival prospects. MPs and trade ...
Graham Ruddick / Guardian   |   Sun, 26 Jun 2016 14:29:39

Post-Brexit dollar surge presents Fed with new conundrum

The US currency's swings in coming days to be crucial for Fed policy and world economy
FT   |   Sun, 26 Jun 2016 14:28:00

Europe's Startups Reassess Britain After Brexit

Britain's vote to leave the European Union is already forcing Europe's nimble, tech startup community to reassess operations there-a potential early warning for the kind of dramatic action bigger companies may have to take.
WSJ   |   Sun, 26 Jun 2016 14:27:50

"Senior Merkel ally says London should be allowed Brexit rethink"

This fits the thesis that the likelihood of an exit is actually pretty low. From Reuters: German Chancellor Angela Merkel's chief of staff has said politicians in London should be able to have the chance to think again about the consequences of leaving the European Union. "Politicians in London should ...
climateer / Climateer Investing   |   Sun, 26 Jun 2016 14:22:00

Three Communication Fails That Triggered The Brexit Vote

Based on conversations with British business leaders, news coverage, and a personal interview with former London mayor and controversial "Leave" campaign spokesperson, Boris Johnson, there were at least three communication fails on the Remain side.
Carmine Gallo, Contributor / Forbes   |   Sun, 26 Jun 2016 14:18:00

Economic consequences of Brexit

Here are my two pence on some of the consequences of Britain's vote to leave the European Union. A key goal of the EU was to allow freer movements of goods, services, and people across countries. The potential economic benefits of such freedom are well known. Access to a broader ...
James_Hamilton / Econbrowser   |   Sun, 26 Jun 2016 14:03:38

How Silicon Valley season 3 explains Brexit. (Seriously!)

The HBO comedy is about the way we live today - and how infuriating it can be Every Sunday, we pick a new episode of the week. It could be good. It could be bad. It will always be interesting. You can read the archives here. The episode of the ...
Todd VanDerWerff / Vox   |   Sun, 26 Jun 2016 14:00:03

Firm grip as rivals unite

Malcolm Turnbull has urged Australians to respond to Brexit by shunning minor parties and punishing Labor.
Austrailian   |   Sun, 26 Jun 2016 14:00:00

Post-Brexit: Week One

The UK choice to leave the EU on a 52%-48% vote is one of those moments that define before and after. It is true that there are examples of the EU not liking the outcome of a referendum and allowed a repeat, such as in the Maastricht Treaty or the ...
Marc Chandler / Marc to Market   |   Sun, 26 Jun 2016 13:59:14

Brexit: the questions for markets this week

A pivotal week begins framed by the fallout from Britain's decision to leave the EU
FT   |   Sun, 26 Jun 2016 13:57:26

Airlines: brace position

Brexit is bad news for carriers
FT   |   Sun, 26 Jun 2016 13:53:03

International Reaction to Brexit? Clueless

( John Hinderaker ) As Brexit reverberates around the Western world, it is fun to observe the almost universal myopia of liberal commentators. This is from Sweden: "Brexit, a sign of anti-elite revolt: analysts." So the analysts are starting to catch on. But they still have a ways to go: ...
John Hinderaker / Power Line   |   Sun, 26 Jun 2016 13:51:53

Brexit: City will lose its voice, says Hill

Eurozone holds sway over rulemaking which UK financial services will have to follow
FT   |   Sun, 26 Jun 2016 13:50:10

Large Biotech and Tech Highlight Insider Selling: Applied Materials, Celgene, Cisco Systems, Palo Alto, Delphi and More

What a wild and crazy week for investors. The stock market volatility index jumped up and down as the Brexit decision was finally answered. With the quarter coming to an end, some big insiders... AMAT CELG CRUS CSCO DLPH MEG OXY RRC SYK 247lee home for sale
24/7 Wall St.   |   Sun, 26 Jun 2016 13:48:51

Brexit + uncertainty = market chaos

CNN   |   Sun, 26 Jun 2016 13:48:26

What Brookings experts are saying about Brexit

UPDATED, 6/26/16 Voters in the United Kingdom have voted to leave the European Union. British PM David Cameron has resigned. The choice in favor of "Brexit" will have significant economic and political consequences that Brookings scholars have been analyzing and commenting on. Here is some of what they are saying. ...
Fred Dews / Brookings   |   Sun, 26 Jun 2016 13:42:00

Top 5 Earnings To Look For In The Coming Week

24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are still in the summer doldrums in terms of earnings, but the recent Brexit... MON MU NKE PIR STZ 247chrislange
24/7 Wall St.   |   Sun, 26 Jun 2016 13:40:39

Forget Brexit: Stay Calm & Carry on with Investments

    Its not the usual week for my WaPo column, but the editors at the Sunday Washington Post Business Section asked me for a few words about what investors should do in light of Brexit. I gave my usual take, which not surprisingly, was along the lines of "Ignore ...
Barry Ritholtz / The Big Picture   |   Sun, 26 Jun 2016 13:30:38

The Conventional Wisdom On Brexit Is Probably Wrong

At the end of the day, it was about sovereignty and getting out from under the sprawling, unaccountable superstate in Brussels.
Jared Dillian, Contributor / Forbes   |   Sun, 26 Jun 2016 13:28:00

Forget Brexit, This Is The Ticking Time Bomb For The Markets

Low interest rates can be a great tool to get an economy in slow-down mode going again, but there always is an unwanted side effect. If credit becomes too cheap and available for just anyone, there's bound to be 'abuse' in the system, as households (and companies) can spend the ...
Secular Investor / Zero Hedge   |   Sun, 26 Jun 2016 13:24:36

Brexit Virus

By Signe Wilkinson Related Entries June 26, 2016 Donald Trump Frees Us to Vote as We Wish June 26, 2016 Did Trump-Style Islamophobia Break Up the European Union? (Video)
truthdig   |   Sun, 26 Jun 2016 13:21:13

Positioning vs Construction

Were you for Brexit? ...
Reformed Broker   |   Sun, 26 Jun 2016 13:20:34

VW To Be Crushed By Brexit

VW is by far the largest seller of cars in the EU. It has nearly 25% of the market. As the region's economy will almost certainly slow, so will VW's sales The trouble for VW's sales... 247wallst Volkswagen logo
Douglas A. McIntyre / 24/7 Wall St.   |   Sun, 26 Jun 2016 13:16:59

Brexit + deep uncertainty = Market chaos

Brexit has thrown one of the foundations of the political world into disarray. And the U.K. and European Union aren't sure what comes next.
CNN   |   Sun, 26 Jun 2016 13:13:57

The Greater Middle East Reacts to Britain's Exit From the EU (Video)

By Juan Cole The oil-rich Gulf Cooperation countries may see additional buying opportunities in the British market after Brexit. Related Entries June 26, 2016 Did Trump-Style Islamophobia Break Up the European Union? (Video) June 24, 2016 2008 All Over Again The oil-rich Gulf Cooperation countries may see additional buying ...
truthdig   |   Sun, 26 Jun 2016 13:12:54

'Brexit' Brouhaha Briskly Broached by World Economic Forum

What's a premier exponent of globalization to do after Britain's vote to exit the European Union? In the case of the World Economic Forum, arrange a panel discussion.
WSJ Staff / WSJ China Real Time Report   |   Sun, 26 Jun 2016 13:12:23

European Union Needs A "Project Hope" After Brexit Vote

Those people who care about the European Union should rally behind the European values and demonstrate the many advantages of the union. Politicians and parties should again be listening and discussing with the voters and come up with logical solutions that people can believe in. Hope and trust, instead of ...
Marcel Michelson, Contributor / Forbes   |   Sun, 26 Jun 2016 13:08:00

US Banks Drop Nearly 8% On Brexit

The largest U.S. banks had a rough day Friday following the U.K. vote to leave the European Union. The average share price loss for the country's six biggest banks was 7.59%. The unexpected... BAC C GS JPM MS WFC 247paul bank building
Paul Ausick / 24/7 Wall St.   |   Sun, 26 Jun 2016 13:07:43

In the Aftermath of the Brexit Vote, the Bluffing Continues

© Russell Cheyne / Reuters Rob GarverJune 26, 2016 The entire process leading up to last week's vote by the citizens of the United Kingdom to leave the European Union was an extended exercise in bluff calling that doesn't appear likely to end anytime soon. It began with a revolt ...
jleo / Fiscal Times   |   Sun, 26 Jun 2016 13:04:10

'Entire EU could unravel', expert says

The head of the Council on Foreign Relations tells CNBC why the U.K.'s vote may spell the end of the European unity project.
CNBC   |   Sun, 26 Jun 2016 13:00:00

Europe is Brexit's real victim

The next domino to fall could be Italy, which has a referendum in October
FT   |   Sun, 26 Jun 2016 12:55:17

#Regrexit? Voters voice doubt over votes

From Brexit to #Regrexit -- an online petition demanding a second referendum on Britain's decision to leave the EU has passed 3 million signatures.
CNN   |   Sun, 26 Jun 2016 12:54:35

Scotland Threatens To Veto Brexit

Yesterday we warned that the biggest threat to the UK political process in the aftermath of the Friday referendum is neither an arguably fake petition to hold another referendum (it won't happen), nor the so-called buyer's remorse on the side of "Leave" voters, especially with ComRes confirming a negligible 1% ...
Tyler Durden / Zero Hedge   |   Sun, 26 Jun 2016 12:52:10

Brexit Could Hurt Hundreds of Gap Stores

That The Gap Inc. (NYSE: GPS) is struggling is not exactly headline news. When the clothing retailer reported first-quarter last month, same-store sales were down 5% and total sales were down 6%.... GPS 247paul Blue jeans GPS
Paul Ausick / 24/7 Wall St.   |   Sun, 26 Jun 2016 12:45:11

U.K. Business Secretary Seeks to Reassure Firms Amid Brexit Fallout

U.K. Business Secretary Sajid Javid said he will convene a special meeting as he seeks to reassure British businesses scrambling to assess the ramifications of last week's referendum vote to leave the EU.
WSJ   |   Sun, 26 Jun 2016 12:44:03

UK-US special relationship shaky post-Brexit

Washington likely to hasten pivot towards Germany as top European ally
FT   |   Sun, 26 Jun 2016 12:37:42

26/6/16: Black Swan ain't Brexit... but

There is a lot of froth in the media opinionating on Brexit vote. And there is a lot of nonsense.One clearly cannot deal with all of it, so I am going to occasionally dip into the topic with some comments. These are not systemic in any way.Let's take the myth ...
Constantin Gurdgiev / Constantin Gurdgiev   |   Sun, 26 Jun 2016 12:33:00

Merkel ally: London should review Brexit fallout, not decision

BERLIN, June 26 (Reuters) - Britain's politicians should take time to review the consequences of leaving the European Union, Chancellor Angela Merkel's chief of staff said on Sunday, but he stressed...
Reuters   |   Sun, 26 Jun 2016 12:31:01

Surging yen raises risk for Japan

Brexit fears have sent the yen surging. Tokyo, we have a problem.
CNBC   |   Sun, 26 Jun 2016 12:31:00

Post-Brexit EU Tells UK : You Want A Divorce? Get The Hell Out Now.

The EU's knee-jerk reaction to get the UK out of its midst as quickly as possible is exactly the wrong reaction at one of the most delicate moments in its 71-year-long history.
David Schrieberg, Contributor / Forbes   |   Sun, 26 Jun 2016 12:21:00

New Clinton Ad Features Trump on Brexit

A new Hillary Clinton ad warns about "a volatile president in a volatile world." Washington Post: "Clinton aides said the new ad would air nationally on cable stations but did not immediately provide other details about the scope of the [...]
Taegan Goddard   |   Sun, 26 Jun 2016 12:15:34

Overseas groups weigh Brexit challenges

Many companies put investment and hiring plans on hold while others scent opportunity
FT   |   Sun, 26 Jun 2016 12:12:20

Trump Says Most Foreign Policy Advisers Are No Good

Donald Trump was asked by Yahoo News if he had been in touch with his foreign policy advisers about the Brexit vote and its impact on the United States: "I speak to foreign policy advisers all the time. But the [...]
Taegan Goddard   |   Sun, 26 Jun 2016 12:05:41

Is Brexit a Good Omen for Trump?

The first sentence of an Associated Press election story Friday morning ever-so-neatly summed up the establishment's horrified reaction, on both sides of the Atlantic, to the Brexit vote. "Britain voted to leave the European Union," wrote the AP, "after a bitterly divisive referendum campaign, toppling the British government, sending global ...
Real Clear Politics   |   Sun, 26 Jun 2016 12:03:28

Banks begin moving some operations out of post-Brexit Britain

Banks have already begun to take action to shift operations out of the UK, the Financial Times reports.
CNBC   |   Sun, 26 Jun 2016 12:02:00

Implications of Brexit: A Detailed Viewpoint

Note: This article is courtesy of Iris.xyz By Dr. Sonu Varghese The referendum on Thursday in the United Kingdom (UK) - on whether or not the country should leave the European Union (EU) - loomed as the biggest potential 'known-unknown' risk to global capital markets in the immediate future. The ...
Iris.xyz / ETF Trends   |   Sun, 26 Jun 2016 12:00:58

Nicola Sturgeon threatens to block Brexit in face of English fury

Simon Johnson / Telegraph   |   Sun, 26 Jun 2016 12:00:48

'Brexit' is the European Union's chance to clean up its act

Great Britain has never really gotten over its loss of empire. The day President Obama removed Winston Churchill's bust from the Oval Office, a minor diplomatic crisis ensued. Many British people considered this to be nothing less than an act of treachery. One of the fiercest reactions came from...
Guy Verhofstadt / LA Times   |   Sun, 26 Jun 2016 12:00:00

Clinton And Trump Channel 'Brexit' Reactions Into Campaign Messaging

The presidential campaigns were quick to weigh in on Britain's vote to leave the European Union. NPR's Linda Wertheimer speaks with correspondent Mara Liasson about what we learned and what's ahead.
NPR   |   Sun, 26 Jun 2016 11:59:12

No Immediate Brexit Hit To ILS Market, But Structural Issues To Consider

Seeking Alpha   |   Sun, 26 Jun 2016 11:53:51

How UK changed in 72 hours since Brexit vote

Ellie Price reports on the post-referendum fallout for British politics.
BBC   |   Sun, 26 Jun 2016 11:48:29

EU is furious & sends deadline, as UK hesitates & Scotland threatens to veto Brexit

The European Union is furious about UK's hesitation to implement the outcome of the Brexit Referendum. One after the other, EU Officials urge the UK to submit its Brexit request as soon as possible. After the historic Brexit decision, the heavy guns of the EU and Germany see themselves under ...
keeptalkinggreece / Keep Talking Greece   |   Sun, 26 Jun 2016 11:44:12

Scotland could veto Brexit laws to protect its interests -Sturgeon

Scotland's parliament would consider blocking legislation on Britain's exit from the European Union if that were necessary to protect Scottish interests, First Minister Nicola Sturgeon said on Sunday. Scotland, a nation of five million people, voted to stay in the EU by 62 to 38 percent in a referendum on ...
Times of Malta   |   Sun, 26 Jun 2016 11:39:00

Mideast indexes drop in first day of trading post-Brexit

Stocks tumbled in the Middle East on Sunday, the first day of trading since Britain voted to leave the European Union
U.S. News   |   Sun, 26 Jun 2016 11:37:27

Lessons from Brexit

I didn't predict this outcome. Few did. I thought it was too soon. But I wasn't naive about the politics of the situation. One of my main concerns was that the Remain campaigners seemed overly attached to unrealistic models of economic doom, while simultaneously accusing the other side of spreading ...
Cameron Murray / Fresh economic thinking   |   Sun, 26 Jun 2016 11:37:00

Brexit won't affect Turkey's exports to UK and EU: Minister

Brexit will not affect Turkey's exports to the EU and the U.K., the Turkish customs and trade minister has said
Hurriyet   |   Sun, 26 Jun 2016 11:34:00

Cool Video: Early Thoughts on Brexit Implications with FT's John Authers

About a dozen hours after it became clear that a slight majority of the British voters favored leaving the UK, the Financial Times' John Authers visited me at Brown Brothers Harriman to discuss the initial implications. The situation is very fluid and there are many moving pieces. In Chinese, the ...
Marc Chandler / Marc to Market   |   Sun, 26 Jun 2016 11:27:34

Senior Merkel ally says London should be allowed Brexit rethink

BERLIN, June 26 (Reuters) - German Chancellor Angela Merkel's chief of staff has said politicians in London should be able to have the chance to think again about the consequences of leaving the...
Reuters   |   Sun, 26 Jun 2016 11:21:55

It's the end of Europe as we know it

The citizens of the United Kingdom have voted to leave the European Union. In doing so, they have undone a half-millennium of work towards pacifying the most war-torn continent on the planet earth. Europe has always been at war with itself. The Pax Romana never fully pacified the Germanic tribes. ...
Andy Kiersz / Business Insider   |   Sun, 26 Jun 2016 11:17:29

Uber isn't worried about Brexit: CEO Kalanick

Ride-hailing app that has quickly gained a global presence isn't concerned about the U.K's decision to disrupt Europe's economic boundaries.
CNBC   |   Sun, 26 Jun 2016 11:14:00

Concern as online call for second Brexit vote gains more than 39,000 signatures from Vatican City - population 800

Luke Heighton / Telegraph   |   Sun, 26 Jun 2016 11:09:23

BREXIT AFTERMATH: Gamblers are putting money on the next Labour leader being one of 2 women

The next leader of Britain's main opposition, the Labour party, is going be one of two women, according to bets at bookmaker Star Sports. Speaking to Business Insider on Sunday, head of politics Jamie Loughead said that so much money has been flowing into bets for Jess Phillips and Caroline ...
Lianna Brinded / Business Insider   |   Sun, 26 Jun 2016 11:09:13

US stock market and Brexit: a toxic blend of uncertainty and complacency

As global stock markets tumbled and sought 'safe heavens' in reaction to the referendum vote, US is left with a formidable set of unknown risks to stability Welcome to Brexit bedlam. Within minutes of it becoming clear that Britons had voted to divorce 43-year-old marriage to what started off as ...
Suzanne McGee / Guardian   |   Sun, 26 Jun 2016 11:00:12

10 Sunday Reads

My easy like Sunday morning reads: • Brexit: A Very British Revolution. The vote to leave the EU began as a cry for liberty and ended as a rebuke to the establishment (WSJ) see also Why Brexit has left the UK's young feeling so devastated (Vox) • Tracking the Astronomical ...
The Big Picture   |   Sun, 26 Jun 2016 11:00:00

Nicola Sturgeon: Scotland could veto Brexit

Scotland's First Minister, Nicola Sturgeon, says the Scottish Parliament could try to veto British exit from the European Union.
BBC   |   Sun, 26 Jun 2016 10:58:06

Sajid Javid tells business leaders not to panic over Brexit impacts

Business secretary attempts to calm nerves as markets prepare for further steep falls on Monday morning The business secretary, Sajid Javid, has told business leaders there is no need to panic after Britain's vote to leave the EU, as investors braced for another day of heavy selling when markets reopen ...
Graham Ruddick / Guardian   |   Sun, 26 Jun 2016 10:53:45

Who won the referendum?

Brexit should be seen as a series of different responses to globalisation. Leave stall, Doncaster. photo: Adam Ramsay As always, once the people have spoken, the people has to work out what they were all saying, to whom, how and why. Consequently, there are hundreds of interpretations out there including ...
Open Democracy   |   Sun, 26 Jun 2016 10:46:40

Brexit Fallout Roils U.K. Opposition

The U.K.'s main opposition Labour Party was engulfed in the political fallout from Britain's decision to leave the EU with the firing of a senior figure and the resignation of at least one other.
WSJ   |   Sun, 26 Jun 2016 10:45:12

UK political order in upheaval after Brexit referendum

Conservative candidates in battle to be PM while revolt strikes Labour
FT   |   Sun, 26 Jun 2016 10:42:37

Brexit is the rejection of globalisation

A large number of people believe the global economic model is not working for them and punishing those who dissent will only hasten the dissolution of the EU The age of globalisation began on the day the Wall came down. From that moment, in 1989, the trends evident in the ...
Larry Elliott / Guardian   |   Sun, 26 Jun 2016 10:41:12

Central banks will smooth Brexit-driven market moves -BIS head

VIENNA, June 26 (Reuters) - Major central banks will limit market turbulence as much as possible after Britain voted to leave the European Union, the head of the Bank for International Settlements...
Reuters   |   Sun, 26 Jun 2016 10:30:02

Asian Markets Brace for Fresh 'Brexit' Buffeting

Shares and currencies in Asia are headed for a potentially turbulent week, as the U.K.'s vote to leave the European Union threatens more aftershocks in global financial markets.
WSJ   |   Sun, 26 Jun 2016 10:00:37

Many US firms playing catchup after surprise EU exit vote

NEW YORK/CHICAGO, June 26 (Reuters) - The risk that Britain could yank itself out of the European Union had been telegraphed for over a year, but even U.S. companies with "Brexit" contingency plans...
Reuters   |   Sun, 26 Jun 2016 10:00:01

UK Labour Party in turmoil over vote

The leader of Britain's opposition Labour Party has vowed not to step down amid challenges to his leadership as the fallout from the UK's momentous vote to leave the European Union continues.
CNN   |   Sun, 26 Jun 2016 09:54:01

Labour Party in turmoil over Brexit

CNN   |   Sun, 26 Jun 2016 09:53:32

Asian Company Shares Reel as 'Brexit' Vote Ushers in Era of Uncertainty

Vote Hits Asian Companies Invested in Britain Britain's vote to leave the European Union marks the start of a period of operational upheaval and heighten financial risks for Asian companies invested there, analysts say.'Brexit' Vote Hits Asian Companies Britain's vote to leave the European Union marks the start of a ...
WSJ   |   Sun, 26 Jun 2016 09:50:48

If you care . ..

These are two best articles I've read on why Brexit occurred: "Brexit: A Very British Revolution". "As a historian, I can assure you this is the most tumultuous event of modern times, a people's revolt against the elite that's been...
Newmark's Door   |   Sun, 26 Jun 2016 09:49:00

Brexit: Fear, Loathing, and Anger on Both Sides of the Channel

Politicians in the UK and the EU are virtually at each other's throats over Brexit.
Yves Smith / Naked Capitalism   |   Sun, 26 Jun 2016 09:45:06

Scottish leader may try to block 'Brexit' as turmoil spreads

LONDON (AP) - Scotland's Parliament could attempt to block Britain from leaving the European Union, the Scottish leader said Sunday as the turmoil following the historic referendum spread and the leader of the opposition Labour Party faced an open revolt in his party.
Associated Press   |   Sun, 26 Jun 2016 09:40:00

Investors Facing Bleak Outlook and Anxious Markets as Brexit Standoff Begins

As money managers digested the result of the June 23 referendum, few saw any reasons for optimism.
Mike Bird / MoneyBeat   |   Sun, 26 Jun 2016 09:30:26

China warns Brexit will 'cast shadow' over global economy

Chinese finance officials caution that Britain's decision to exit the European Union could mark a reversal of globalisation
BBC   |   Sun, 26 Jun 2016 09:19:49

In wake of Brexit shock, Australian leader Turnbull urges stability vote in July's national poll

Australian Prime Minister Malcolm Turnbull on Sunday used "Brexit" shock waves to urge voters to return his government with a majority at a July 2 election, arguing only stable government can deliver jobs, economic growth and tough border controls. After a tight eight-week campaign, Turnbull's Liberal Party-led coalition is facing ...
Japan Times   |   Sun, 26 Jun 2016 09:14:44

Brexit Will Cause Food Prices To Rise? How On Earth Does This Work?

The National Farmers' Union has never really been strong on matters economic but this particular argument they're trying today is a new one on me. They're saying that because Brexit means less export of agricultural produce to Europe then therefore British food prices will rise. Err, no, really people, it ...
Tim Worstall, Contributor / Forbes   |   Sun, 26 Jun 2016 09:09:00

Brexit live coverage: UK turmoil

Europe's establishment reacts, Scotland seeks talks with Brussels
FT   |   Sun, 26 Jun 2016 09:01:33

Spain Votes in Election Rerun

Spaniards were voting in the nation's second electionin six months, with "Brexit" turbulence further clouding a battle amongfour parties seeking to woo an electorate angry about high unemployment and corruption.
WSJ   |   Sun, 26 Jun 2016 09:00:32

Brexit vote could mean months or years of pain for financial markets: Don Pittis

Experts predicted a clear Brexit decision would clear the air and put markets back on track. Maybe so if the vote had been for Britain to remain in the European Union. But the vote to leave means uncertainty could continue to roil financial markets for months or years to come, ...
Don Pittis / CBC   |   Sun, 26 Jun 2016 09:00:00

Javid plans 'no panic' business meeting

Business Secretary Sajid Javid says he will hold a meeting this week with business leaders following the Brexit vote, as he urges companies not to "panic".
BBC   |   Sun, 26 Jun 2016 08:55:40

PM urges Australians to choose stability after Brexit vote

Australia's prime minister has used his official campaign launch to warn against a change of government during the ongoing economic fallout from Britain's decision to leave the European Union
U.S. News   |   Sun, 26 Jun 2016 08:53:00

Benefiting from Brexit: Boris Johnson's Folly

Boris Johnson is Britain's most talented populist. He has seduced his country to leave the European Union -- and it could make him prime minister. But those supporting him could end up paying most dearly.
Spiegel   |   Sun, 26 Jun 2016 08:37:24

The Future of Europe: So What if the British Are Leaving?

The consequences of Brexit are going to be painful for Britain. But for the EU, there are plenty of advantages.
Spiegel   |   Sun, 26 Jun 2016 08:34:29

China's finance minister sees Brexit heightening uncertainty, but wider effects to be long-term

China's finance minister and leading economists on Sunday voiced concerns about Britain's vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy. The Brexit decision "will cast a shadow over the global economy. ... The ...
Japan Times   |   Sun, 26 Jun 2016 08:31:19

Is EU going to disintegrate?

Regardless of the Brexit referendum in Britain, the European Union is in serious trouble. The post Is EU going to disintegrate? appeared first on The Japan Times .
Kent H. Hughes / Japan Times   |   Sun, 26 Jun 2016 08:24:39

Fund houses pick through Brexit wreckage

The damage to asset managers of Britain leaving the EU was immediate, says Chris Newlands
FT   |   Sun, 26 Jun 2016 08:18:51

Brexit job losses loom for London funds

City will lose out to Ireland and Luxembourg
FT   |   Sun, 26 Jun 2016 08:18:36

Sunday assorted links

1. Does gender equity cause sex differences to grow bigger? (speculative) 2. Tenure extension policies may not always benefit women (NYT). 3. MIE: swastika golf balls. And a mobile phone with a rotary dial. And Stefan Zweig biopic coming. 4. How Africans will lose from Brexit. 5. Silicon Valley's robot ...
Marginal Revolution   |   Sun, 26 Jun 2016 07:41:39

A two-word analysis of Brexit

Great Britain't The post A two-word analysis of Brexit appeared first on The Moderate Voice .
Dr. Arif Ahmad / Moderate Voice   |   Sun, 26 Jun 2016 07:41:18

Nigel Farage says Britain heading for recession 'regardless of Brexit'

The Leave campaigner says 'increased global opportunities' await outside the single market Nigel Farage has said Britain is heading for a "mild" recession but says it has nothing to do with Brexit. The victorious Leave campaigner rejected warnings that leaving the European Union would have dire consequences for the UK ...
Press Association / Guardian   |   Sun, 26 Jun 2016 07:16:37

Brexit may blind us to BHS's bankers

Goldman Sachs was one of the big backers of the failed campaign to stay in the EU but some of its bankers might just be relieved the UK voted for Brexit next week.
Here Is The City   |   Sun, 26 Jun 2016 07:16:20

Brexit: 'Half' of Labour top team set to resign

Up to half of the shadow cabinet is set to resign in a bid to force Labour leader Jeremy Corbyn to step down, the BBC understands.
BBC   |   Sun, 26 Jun 2016 07:15:59

Gonzi: How the EU should react to the Brexit vote

The UK referendum result confronts us with a new political and economic reality that we will all have to face whether we like it or not. This is a momentous decision of historical proportions and its short- and long-term impact will be enormous for all concerned. For the UK, there ...
Lawrence Gonzi / Times of Malta   |   Sun, 26 Jun 2016 07:14:05

Epitaph for a political chancer: Cameron's fate examplifies the inability of UK elites to resolve long-run crises

David Cameron's announcement that he is stepping down as Prime Minister capped a night of unprecedented referendum triumph for the 'Brexiteers' on the Conservative right and in UKIP in overthrowing Britain's 43 year old membership of the European Union.Patrick Dunleavy considers the lessons that Cameron learned too late to save ...
Blog Admin / EUROPP   |   Sun, 26 Jun 2016 07:10:04

The Latest: Sturgeon: Scottish Parliament could stop Brexit

LONDON (AP) - The Latest on Britain's historic vote to leave the European Union (all times local):
Associated Press   |   Sun, 26 Jun 2016 07:10:00

Links for 06-26-16

Just how bad will Brexit be, and can it be undone? - mainly macro Shedding light on PPP-adjusted GDP measures - VoxEU Choosing Between the Logit and Probit Models - Dave Giles The UK and Europe: The Way Forward -...
Economist's View   |   Sun, 26 Jun 2016 07:06:00

Germany's Merkel at center stage as EU faces Brexit fallout

BERLIN (AP) - Britain's decision to leave the European Union puts German Chancellor Angela Merkel at center stage as the bloc seeks to preserve its unity and win back skeptical voters across the continent.
Associated Press   |   Sun, 26 Jun 2016 06:57:00

Gove to back Boris Johnson as Tory leader

The two leading Brexiters unite as party gears up for battle to succeed David Cameron
FT   |   Sun, 26 Jun 2016 06:45:06

British politics in disarray as 'Brexit' fallout continues

LONDON - British politics was in disarray Sunday as the shockwaves from the United Kingdom's surprise vote to leave the European Union conti...
USA Today   |   Sun, 26 Jun 2016 06:38:20

Weighing The Week Ahead: Is The Brexit Decision A Market Turning Point?

Seeking Alpha   |   Sun, 26 Jun 2016 06:31:51

Our leap into the unknown threatens both Europe and the world economy

Alan Greenspan is not known for his pessimism about capitalism. But even the bullish former Fed chair recognises Brexit as a major threat Alan Greenspan has seen more than a few dicey days on global markets in his time. So it was telling when the 90-year-old former chairman of the ...
Guardian Staff / Guardian   |   Sun, 26 Jun 2016 06:00:06

Brexit leaves U.K.'s Europeans gripped by fear, confusion, heartache

A tsunami of uncertainty has engulfed Anna Woydyla, a Polish restaurant worker in London, since Britain voted to leave the European Union. Would her two teenage children, who grew up in the United Kingdom, still qualify for loans to study at British universities? Would she and her husband, after 11 ...
Japan Times   |   Sun, 26 Jun 2016 05:51:59

Brexit: Labour's Jeremy Corbyn sacks Hilary Benn

Labour leader Jeremy Corbyn fires Hilary Benn, shadow foreign secretary, for leading a "coup" against him, reports say.
Al Jazeera   |   Sun, 26 Jun 2016 05:46:16

EU referendum: Hilary Benn sacked from shadow cabinet by Jeremy Corbyn following coup rumours after Brexit vote

Michael Wilkinson / Telegraph   |   Sun, 26 Jun 2016 05:46:13

Quick Thought on Globalization as We Know It

Jim Tankersley had an interesting piece arguing that the Brexit vote ended "globalization as we know it." I am less optimistic on that front. The folks who profit from the current path of globalization are incredibly powerful and very effective at working around democracy and things like that. But that ...
CEPR   |   Sun, 26 Jun 2016 05:39:13

London's Brexit pain is Wall Street's financial gain

A decade ago, London was poised to replace New York as the world's financial capital. Mayor Michael Bloomberg even endorsed a 2007 report that said New York needed to emulate how London did... To view the full story, click the title link.
Aaron Elstein / Crain's NY   |   Sun, 26 Jun 2016 05:30:00

A Penny for your thoughts

( Paul Mirengoff ) Here's the measured response of a British leftist, Laurie Penny, to the Brexit: So, here's the thing. This was never a referendum on the EU. It was a referendum on the modern world, and yesterday the frightened, parochial lizard-brain of Britain voted out, out, out, and ...
Power Line   |   Sun, 26 Jun 2016 04:44:40

FX And Oil Week Ahead: Opportunities Post Brexit

Seeking Alpha   |   Sun, 26 Jun 2016 04:27:09

What Brexit Means For Gold Exploration

What Brexit Means For Gold Exploration Lots of important news in the resource space this week. With the tossing of tougher U.S. frack rules being one of the biggest developments in the shale patch for a long while. Elsewhere, the [...]
PiercePoints / Value Walk   |   Sun, 26 Jun 2016 04:20:10

The very first Brexit?

In 383, the usurper Magnus Maximus withdrew troops from northern and western Britain, probably leaving local warlords in charge. Around 410, the Romano-British expelled the magistrates of the usurper Constantine III, ostensibly in response to his failures to use the Roman garrison he had stripped from Britain to protect the ...
Tyler Cowen / Marginal Revolution   |   Sun, 26 Jun 2016 04:18:55

Can Brexit be overturned? What Brits are asking each other this weekend

Britain is coming to terms with its decision to leave the European Union after Thursday's dramatic referendum. Here are some of the questions that are doing the rounds in the U.K. over the weekend: Can the referendum result somehow be overturned? Possible, but unlikely. It's true that the referendum is ...
Japan Times   |   Sun, 26 Jun 2016 04:09:35

Will Brexit Push China Over The Edge?

Beijing fought hard for Britain to "Remain," and not without good reason as breaking up the EU could be disastrous for the Chinese economy.
Gordon G. Chang, Contributor / Forbes   |   Sun, 26 Jun 2016 04:02:00

Bay Area Libertarian Economist Mark Brady on Brexit

Mark Brady, a lecturer in economics at San Jose State University, who studied under Israel Kirzner at New York University, talked to KPIX San Francisco about Brexit. He makes clear that the EU was suffocating Britain and that if Britain keeps trade open it will do just fine. He also ...
Robert Wenzel / Economic Policy Journal   |   Sun, 26 Jun 2016 04:01:00

Tony Blair: Brexit’s Stunning Coup

Unless the political center finds new resolve, populist movements of left and right will rush in to fill the power vacuum.
TONY BLAIR / NY Times   |   Sun, 26 Jun 2016 04:00:00

A Global Macro View of Brexit Implications

While the knee-jerk market reactions to the United Kingdom's decision to leave the European Union (EU) fade, some longer-term ramifications could continue to create market uncertainty. Dr. Michael Hasenstab, CIO of Templeton Global Macro, provides his take on the implications [...]
Franklin Templeton Investments / Value Walk   |   Sun, 26 Jun 2016 03:59:39

Brexit explained in graphics

Correlation is not causation. But this set of graphics from FT (HT: MR) may be a good place to look for the underlying factors that contributed to the victory of Leave. Analysis of data from the UK's 382 counting areas (local government districts) revealed that there were five strongly correlated ...
Gulzar Natarajan / Urbanomics   |   Sun, 26 Jun 2016 03:51:00

Brexit leaves U.S. secessionists hankering for 'Texit'

Emboldened by Brexit, U.S. secessionists in Texas are keen to adopt the campaign tactics used to sway the British vote for leaving the European Union and are demanding "Texit" comes next. The citizen-driven vote in Britain can be a model for Texas, which was an independent country from 1836 to ...
Japan Times   |   Sun, 26 Jun 2016 03:49:50

Brexit: EU spells out procedure for UK to leave

The European Union clarifies how the UK can trigger formal negotiations to exit the bloc following Thursday's referendum.
BBC   |   Sun, 26 Jun 2016 03:49:45

Vote to quit the EU has left the UK more divided than ever before

CNN   |   Sun, 26 Jun 2016 03:40:24

Brexit and the US Stock Market

To evaluate the reaction of the US stock market to Brexit remember that stock prices reflect the discounted present value of expected future cash flows at the proper risk adjusted discount rate. When the market drops sharply, it must be [...]
Brad Cornell / Value Walk   |   Sun, 26 Jun 2016 03:40:03

US imperialism the BREXIT culprit

How Western Military Interventions Shaped the Brexit Vote, TRNN, June 25, 2016. Michael Hudson argues that military interventions in the Middle East created refugee streams to Europe that were in turn used by the anti-immigrant right to stir up xenophobia GREGORY WILPERT, TRNN: Welcome to the Real News Network. I'm ...
Michael / Michael Hudson   |   Sun, 26 Jun 2016 03:34:10

UK kicked down stairway to hell

Brexit is a win - a Pyrrhic victory in economic terms - for older, whiter English and Welsh working-class voters.
Austrailian   |   Sun, 26 Jun 2016 03:23:00

Brexit Vote Wreaks Havoc in Markets

boyce/ReutersDow Industrials Tumble After Brexit Vote The outcome sent global stocks tumbling, battered the British pound and broke records in government-bond yields as the world's financial markets braced for an uncertain future for Europe.Jitters surrounding Britain's vote to exit the European Union pushed the Dow Jones Industrial Average down more ...
WSJ   |   Sun, 26 Jun 2016 03:18:59

Brexit: Don't Try To Be A Hero

What just happened? 24th June 2016, marked a historical moment. The United Kingdom voted 52% to 48% to leave the European Union in a referendum that revealed deep divisions within political parties, generations and between the different regions of UK. [...]
SG Value Investor / Value Walk   |   Sun, 26 Jun 2016 02:50:56

George Soros calls for reconstruction of EU after 'Brexit' vote

The billionaire investor called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain's vote to leave the bloc makes 'disintegration of the EU practically irreversible.'
Globe and Mail   |   Sun, 26 Jun 2016 02:47:40

All That Glitters is Gold (by Goldsqueeze)

I have to be honest - I did not think Brexit had a chance. Apparently Wall Street didn't either because trading on Friday was a disaster for equity markets around the world, with banks taking a particularly hard beating. There was a very clear flight to safety with defensive sectors ...
Tim Knight   |   Sun, 26 Jun 2016 02:44:12

Brexit: Keep Calm and Carry On

Conrad Black Global Governance, United Kingdom The hysteria of the last few days will pass like a summer shower. Britain, as it has often before, is leading Europe out of a well-intended cul-de-sac. The immediate reaction to the Brexit vote in the international media and financial markets illustrates again the ...
Conrad Black / National Interest   |   Sun, 26 Jun 2016 02:41:00

BREXIT - UK economic implications

An interview on Radio Sputnik regarding the UK's future in the Western geo-political framework.
Michael / Michael Hudson   |   Sun, 26 Jun 2016 02:35:17

How Trend Following Helped Investors Dodge a Brexit Blindside By Stephen Scott

Market participants focused on economic fundamentals were blindsided by Britain's move to exit the European Union. Trend followers, however, had hints that the market expected the Brexit long before last Thursday. The fundamentals seemed clear: Britain's extensive trading with [...]
Guest Post / Value Walk   |   Sun, 26 Jun 2016 02:28:19

Is Brexit The First Of Many Dominoes? A Few Charts

Submitted by Visual Capitalist Is Brexit the First of Many Dominoes? Markets have been turned upside down by a surprise Brexit result and the resignation of David Cameron. While there is looming uncertainty around how this will affect the United Kingdom and Europe from an economic perspective, it might be ...
Tyler Durden / Zero Hedge   |   Sun, 26 Jun 2016 02:16:09

Brexit - A Historic Day For Gold

A Classic Case of Failed Socialism: What's Next After the Brexit? By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Defying sentiment polls leading up to yesterday's historic Brexit referendum, British voters said "thanks, but no thanks" to [...]
Frank Holmes / Value Walk   |   Sun, 26 Jun 2016 02:08:22

Finding Out the Implications of the Brexit Vote, by David Henderson

A straightforward application of public choice theory. Various friends on Facebook have been making fun of Britons who are madly googling to find out the implications of the vote to leave the EU. "Aren't they stupid," "they didn't know what they were voting for," blah, blah, blah. They well could ...
EconLog   |   Sun, 26 Jun 2016 02:03:28

George Soros: With Brexit, EU Now On The Verge Of Collapse

George Soros is back again with a dire warning - the Brexit could lead to the disintegration of the European Union. I noted in his earlier op-ed that Soros only focused on UK concerns with the EU and not with [...]
Jacob Wolinsky / Value Walk   |   Sun, 26 Jun 2016 01:56:47

Brexit Is Not A Lehman Moment - Citigroup Is Oversold

Seeking Alpha   |   Sun, 26 Jun 2016 01:53:41

Britain Votes For Brexit

-In a historic vote, the United Kingdom has voted to leave the European Union by a margin, according to forecasts from the BBC, ITV, and others. -Prime Minister David Cameron says he will step down by October. -The stunning move raises major questions not only about how the U.K. will ...
Kathy Gilsinan / The Atlantic   |   Sun, 26 Jun 2016 01:42:00

Worst of Brexit-induced falls may be over for Australian markets, analysts say

Markets likely to open flat on Monday after heavy losses on Friday in the wake of the UK vote to leave the European Union Britain's decision to depart from the European Union caused convulsions in the Australian sharemarket on Friday but the worst is likely to be over, some analysts ...
Australian Associated Press / Guardian   |   Sun, 26 Jun 2016 01:04:55

British bracing for world economy to punish UK for 'Brexit'

LONDON (AP) - The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they'll find out whether it will.
Associated Press   |   Sun, 26 Jun 2016 00:46:00

Richard Galpin: Could Brexit lead to Grexit?

Greece has the EU's most fragile economy and there are fears now that Brexit could lead to Grexit, Richard Galpin reports from Athens.
BBC   |   Sun, 26 Jun 2016 00:16:23

Scottish independence has nearly 60 per cent support, poll finds following Brexit result

Our Foreign Staff / Telegraph   |   Sun, 26 Jun 2016 00:02:53

What Happened With LTCM Is Now Happening Across The Political And Economic World

Submitted by Michael Krieger of Liberty BlitzKrieg Brexit = Death of the Technocrats My political opinions lean more and more to Anarchy (philosophically understood, meaning abolition of control not whiskered men with bombs) ... the most improper job of any man, even saints (who at any rate were at least ...
Zero Hedge   |   Sat, 25 Jun 2016 23:46:24

Liberal Democrats will fight next election with pledge to scrap Brexit

David Millward / Telegraph   |   Sat, 25 Jun 2016 23:43:42

The Brexit Vote In One Chart

This will come as no surprise, but here's the fundamental reason that Brexit won: The younger the voter, the more strongly they voted to remain in the EU. The older the voter, the more likely they were to actually get out and vote. Eventually the kids are going to figure ...
Kevin Drum / Kevin Drum   |   Sat, 25 Jun 2016 23:30:49

Britain To Lose More Than 300 Billion Euros Over Brexit, Says Expert

Muenster, Germany (dpa) - The British decision to leave the European Union will hit the...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 23:29:00

EU calls for UK to 'Brexit' quickly; Britain wants more time

LONDON (AP) - The European Union wants a quickie divorce, but Britain wants time to think things over.
Associated Press   |   Sat, 25 Jun 2016 23:26:00

The Rise of Demotic Democracy in Europe

The shock of the British vote to leave the EU has yet to sink in. Yet European leaders must steel themselves for what is to come, as Brexit may well be the initial tremor that triggers a tsunami of referenda in the coming years, making Europe increasingly ungovernable.
Mark Leonard / Project Syndicate   |   Sat, 25 Jun 2016 23:23:28

Newspaper headlines: Brexit fallout and Tory leadership

Reaction to the UK's decision to leave the European Union and the future leadership of the Conservative Party occupy the Sunday papers.
BBC   |   Sat, 25 Jun 2016 23:11:01

Juncker Fears More Referendum Demands To Follow Brexit

Berlin (dpa) - European Commission President Jean-Claude Juncker is expressing fear of...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 23:08:00

Some thoughts on Brexit

Although I was a member of the Centre for European Reform's Commission on the UK and the Single Market, I declined to sign a resultant letter to the newspapers on what the UK ought to do, as well as similar subsequent efforts. There were two reasons for this. First, I'm ...
Kevin O'Rourke / Irish Economy   |   Sat, 25 Jun 2016 23:07:19

Brexit And Chinese Outbound Tourism

Those were the times: British Prime Minister David Cameron drinks a pint with Chinese President Xi Jinping at a pub near Chequers, northwest of London, on October 22, 2015. (KIRSTY Images) 15 million English voters two days ago cast their ballot in favor of the United Kingdom leaving the European ...
Wolfgang Georg Arlt, Contributor / Forbes   |   Sat, 25 Jun 2016 23:05:00

What now? How leaving the EU will affect our everyday lives

From job insecurity and workers' rights to European holidays - a look at the issues worrying the British public Currency volatility at one stage pushed sterling to a low of €1.20, 15% less than the rate that families travelling to the continent for their summer break received last year. It ...
Shane Hickey / Guardian   |   Sat, 25 Jun 2016 23:04:11

how Brexit could wind up not actually happening

Fun fact: Brexit, the United Kingdom's narrow vote to exit the European Union, is not actually legally binding. The Prime Minister, be it David Cameron (who has resigned but could remain in office until October) or his successor (almost certainly pro-Brexit former London mayor Boris Johnson) can simply decide to ...
Dylan Matthews / Vox   |   Sat, 25 Jun 2016 23:00:03

George Soros says EU referendum Brexit vote is likely to damage Britain

Reuters / Telegraph   |   Sat, 25 Jun 2016 22:45:45

The second UK referendum vote to come

Things to consider: Establishment will fight tooth and nail for the status quo, be in no doubt. That goes for the UK as well as the EU, both sets of damnfool idiots are now crapping themselves. The UK looks set to disintegrate if Brexit happens, Scotland will want out and ...
IKN   |   Sat, 25 Jun 2016 22:40:00

Three Things To Watch For, Unless You're Taking A Campaign Brexit From Now Until Cleveland

LeBron James, standing tall amidst a Cleveland victory parade. Things won't be a joyous when the GOP comes to town in July. (AP Photo/Gene J. Puskar) With the calendar about to flip from June to July, here's a suggestion: take some time off (presumably there are travel bargains to be ...
Bill Whalen, Contributor / Forbes   |   Sat, 25 Jun 2016 22:37:00

Brexit and the Future of Europe

Brexit is likely to cause Britain's economy and people to suffer significantly in the short to medium term, owing to profound uncertainty over the terms of divorce and the future of the UK itself. But the implications for Europe could be far worse.
George Soros / Project Syndicate   |   Sat, 25 Jun 2016 22:33:30

Goldman Sees A UK Recession, Shocked By A Fed "Tightening Cycle Unlike Any In Modern History"

Starting off the year, Goldman was prodigiously optimistic, bullish... and dead wrong. Since then the bank has cut its rate hike forecast from 4 to 3 to 2 and, now in the aftermath of Brexit, it has just the excuse to say that "our forecasted path for the funds rate ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 22:27:41

'Europe is dead. Long live Europe?' - How papers in Britain and around the world reacted to Brexit on Sunday morning

Our Foreign Staff / Telegraph   |   Sat, 25 Jun 2016 22:27:00

Donald Trump, Over 18 Holes in Scotland, Plays 20 Questions

Touring one of his golf resorts, Mr. Trump spoke on the Brexit vote, his call to ban Muslim immigrants, and how easy he thinks it will be to beat Hillary Clinton.
ASHLEY PARKER / NY Times   |   Sat, 25 Jun 2016 22:11:57

Financial sector in Britain reels after Brexit bombshell

Britain's 2.2 million financial industry workers face uncertainty and the risk of thousands of job cuts after the country voted to quit the EU, leaving doubts over London's status as Europe's premier financial centre. The 'Leave' campaign fronted by a slew of Conservative MPs and financial industry veterans won over ...
Sinead Cruise,Andrew MacAskill and Lawrence White, Reuters / Times of Malta   |   Sat, 25 Jun 2016 22:01:24

Minimal impact on MSE despite global turmoil

The Malta Stock Exchange (MSE) index continued on its upward trend despite the sharp falls in global equity markets which plunged in reaction to the Brexit vote. Despite a marginal fall of 0.5 per cent last Friday, the MSE advanced by half a per cent on the week after four ...
Jesmond Mizzi / Times of Malta   |   Sat, 25 Jun 2016 22:01:22

Opinion: Love in the age of Bernie and Hillary

James Dobson says Trump has found a relationship with Christ June 25, 2016, 1:32 p.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. James Dobson says Trump recently found a 'relationship with Christ' Bernie Sanders says he'll cast his ballot...
Money & Company   |   Sat, 25 Jun 2016 22:00:00

COMEX Registered Silver Now More Leveraged Than Gold

By the SRSrocco Report, While the world deals with the ramifications of BREXIT leave vote, the COMEX Registered Silver Inventories reached a new record as it pertains to leverage. Matter-a-fact, the number of owners per ounce of Registered Silver is higher than gold. In the beginning of the year, COMEX ...
Zero Hedge   |   Sat, 25 Jun 2016 21:39:44

Ecuador says Brexit 'spoils' scheduled bond issue

QUITO, June 25 (Reuters) - Ecuadorean President Rafael Correa said on Saturday that Britain's vote to leave the European Union has "spoiled" a bond issue that had been planned for next week to help...
Reuters   |   Sat, 25 Jun 2016 21:36:03

1.1 Million People Sign Petition Urging Second Brexit Referendum

London (dpa) - More than 1.1 million people had signed an online petition by Saturday...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 21:31:00

London's standing in global financial industry at risk as City faces loss of 'EU passport'

ECB warning highlights risk of damage to London's standing as global financial centre The shock waves from the Brexit vote continued to spread across the City of London on Saturday as the financial heart of the capital - a major contributor to Britain's economy - was put on notice that ...
Jamie Doward / Guardian   |   Sat, 25 Jun 2016 21:29:58

Britain's First 'Brexit': 286 A.D. It Didn't Last Long.

This isn't the first time Britain has moved to quit a united Europe. That honor goes...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 21:21:00

Why it's too late to panic about 'Brexit'

If you didn't panic sell out of your European stocks already, you're too late.
USA Today   |   Sat, 25 Jun 2016 21:12:49

Stockman: "At Last The Tyranny Of The Global Financial Elite Has Been Slammed"

Submitted by David Stockman of ContraCorner Bravo Brexit! At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won't be ...
Zero Hedge   |   Sat, 25 Jun 2016 21:10:45

Brexit a gift for Yellen: Schiff

Relentless Fed critic Peter Schiff explained to CNBC why the U.K.'s vote on Europe may give the Fed cover in managing rate expectations.
CNBC   |   Sat, 25 Jun 2016 21:00:00

Next For Brexit: It's All About Article 50 (Full Text)

The likely means of Britain's withdrawal from the European Union would be for David...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 20:58:00

Brexit Makes That Federal Reserve Rate Rise Recede Into The Future

One of the odder effects of last Thursday's vote by my fellow Britons to leave the European Union (Yay!) is to delay any future Federal Reserve interest rate rise in the United States. This isn't quite what you would expect from a standing start analysis of the global economy. Britain ...
Tim Worstall, Contributor / Forbes   |   Sat, 25 Jun 2016 20:43:00

Savers' trusted champion has a positive message: 'This isn't a Lehman moment'

Martin Lewis, the money adviser and remainer, says Brexit is not catastrophic but may hit interest rates Martin Lewis, the man most trusted by the British to inform them about their personal finances, is shocked by Brexit but calm about the consequences. After all, on his own assessment he was ...
Patrick Collinson / Guardian   |   Sat, 25 Jun 2016 20:42:25

What Brexit can teach us about the psychology of fear

Before the Brexit vote, economists were near-unified in voicing fears the UK will suffer outside the EU. The list of consequences is long: The UK's economy will lose out on a favorable trade union, businesses may relocate their European headquarters, and the whole episode could very well spark a recession ...
Brian Resnick / Vox   |   Sat, 25 Jun 2016 20:40:02

After Brexit, Could There Be Grexit? Spexit?

With the Spanish elections next week and a possible win by the anti-austerity party...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 20:35:00

Independent: O από του Brexit

Τι η για τον που την της το για της από 20%(adsbygoogle = window.adsbygoogle || []).push({}); - 25 2016 Ο ο που την της να 1 δισ. την του του το 1992, στη με του Brexit, με τον η το τη στο της σε από 30 έτη. από το ο ...
&#922;&#969;&#957;&#963;&#964;&#945;&#957;&#964;&#943;&#957;&#959;&#962; &#913;. / Eglimatikotita   |   Sat, 25 Jun 2016 20:33:34

One Who Lives In a Glass House....

( Don Boudreaux ) TweetHere's a letter to the Washington Post: Jared Bernstein rightly bemoans the hostility to immigrants that is helping to fuel the political rise of Donald Trump ("Brexit and Trump: When politicians light xenophobic fires, everybody gets burned," June 22). And Mr. Bernstein correctly blames many Americans' ...
Cafe Hayek   |   Sat, 25 Jun 2016 20:29:12

George Soros: "Brexit Makes EU Disintegration Irreversible"

Just four days ago, the "big guns" when George Soros wrote a Guardian op-ed titled "The Brexit crash will make all of you poorer - be warned" in which he said that "as opinion polls on the referendum result fluctuate, I want to offer a clear set of facts, based ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 20:28:31

Update on: James Dobson says Trump has found a relationship with Christ

James Dobson says Trump has found a relationship with Christ June 25, 2016, 1:27 p.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. James Dobson says Trump recently found a 'relationship with Christ' Bernie Sanders says he'll cast his ballot...
LA Times   |   Sat, 25 Jun 2016 20:28:00

Wimbledon winners will feel the pound's crash

Wimbledon kicks off on Monday and the winners could take home less because of Brexit's effect on the pound.
CNN   |   Sat, 25 Jun 2016 20:18:10

Blaming Elites For The Rise Of Populism

Whether it's Donald Trump or the Brexit movement, the rise of populism has helped crystalize the fact that there are two kinds of elites: those who like to bash populists for being foolish, and those who like to bash other elites for failing to givepopulists enough of what they want. ...
Adam Ozimek, Contributor / Forbes   |   Sat, 25 Jun 2016 20:18:00

Brexit was a rejection of Britain's governing elite. Too bad the elites were right.

The British people have spoken. They have clearly said, "We want to leave the European Union." But beyond that, their accent is so thick that we only have the faintest idea why they did it or what they intend to do next. What we know is that, like turkeys voting ...
Jeremy Shapiro / Vox   |   Sat, 25 Jun 2016 20:15:02

Thanks To Brexit, All Bets Are Now Off On This Major Issue

The United Kingdom's surprise decision to cut and run from the European Union is kryptonite for stability, and it will affect more than just financial markets.
Eric Mack, Contributor / Forbes   |   Sat, 25 Jun 2016 20:10:00

Central banks ready to cooperate after Brexit result

ZURICH (Reuters) - Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday. Central bankers gathered at the organization's global economy meeting in Switzerland discussed the implications of the referendum. "Governors ...
Business Insider   |   Sat, 25 Jun 2016 20:07:16

Brexit was fueled by irrational xenophobia, not real economic grievances

Just one day after the results of Brexit, Britain's vote to leave the EU, were announced, we've already begun to see some disturbing reports from Britain. Specifically, troubling stories about xenophobic incidents have been popping up across the country. This evening my daughter left work in Birmingham and saw group ...
Zack Beauchamp / Vox   |   Sat, 25 Jun 2016 20:07:05

UPDATE 1-Investor George Soros calls for reconstruction of EU after 'Brexit' vote

June 25 (Reuters) - Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain's vote to leave the...
Reuters   |   Sat, 25 Jun 2016 20:03:52

Brexit: Scotland To 'Protect EU Status,' Says Sturgeon

Nicola Sturgeon, Scotland's First Minister, said today that Scotland will enter into...
D Volatility / Distressed Volatility   |   Sat, 25 Jun 2016 20:02:00

EU disintegration 'inevitable': Soros

Brexit is hastening the dissolution of Europe, and makes a global crisis more likely, George Soros wrote.
CNBC   |   Sat, 25 Jun 2016 19:59:00

The Day After Brexit

A strange atmosphere set in on Friday, after the United Kingdom voted to leave the European Union. The Conservative Prime Minister, David Cameron, announced that he would step down, and the Labour Party leader, Jeremy Corbyn , faced a vote of no confidence. Once the institutions of British politics proved ...
Benjamin Wallace-Wells / New Yorker   |   Sat, 25 Jun 2016 19:56:42

Brexit: A Colossal Blunder

Instead of writing my three weekly articles, this week I've written a longer piece on the international implications of Brexit. Here's a quick summary: there are no good a link to the article at XE.com
Hale Stewart / Bonddad Blog   |   Sat, 25 Jun 2016 19:55:00

Central banks ready to cooperate after Brexit result

ZURICH, June 25- Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday. Central bankers gathered at the organisation's global economy meeting in Switzerland discussed the implications of the referendum. "Governors ...
CNBC   |   Sat, 25 Jun 2016 19:54:00

Why I’m Choosing to Become an Irish Citizen

Brexit has suddenly made my life more difficult.
MARK SCOTT / NY Times   |   Sat, 25 Jun 2016 19:51:00

"Brexit Is A Bear Stearns Moment, Not A Lehman Moment"

By Epsilon Theory's Ben Hunt of Salient Partners Waiting for Humpty Dumpty June 24, 2016 Humpty Dumpty sat on a wall,Humpty Dumpty had a great fall.All the king's horses and all the king's menCouldn't put Humpty together again. Brexit is a Bear Stearns moment, not a Lehman moment. That's not ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 19:47:53

Irish government Brexit contingency plans

An interesting article in the Irish Times on the Irish government's approach to dealing with potential issues arising from yesterday's news from the UK. It includes a link to an 8-page pdf summarising the main actions by different areas of government policy.
Liam Delaney / Irish Economy   |   Sat, 25 Jun 2016 19:38:04

BANK FOR INTERNATIONAL SETTLEMENTS SAYS CENTRAL BANK GOVERNORS DISCUSSED BREXIT AT MEETING SATURDAY

BANK FOR INTERNATIONAL SETTLEMENTS SAYS CENTRAL BANK GOVERNORS DISCUSSED BREXIT AT MEETING SATURDAY.
CNBC   |   Sat, 25 Jun 2016 19:37:00

The $555 Trillion Derivatives Debt Implosion Is About to Begin

The next crisis is here. The BREXIT or British exit from the EU is this crisis' Bear Stearns: an unexpected situation that Central Banks will go all out to sweep under the rug. Whether or not they will succeed remains to be seen. But what has started cannot be undone. ...
Zero Hedge   |   Sat, 25 Jun 2016 19:36:34

Will Trump go after Clinton over 'Brexit'...

Politico's Azi Paybarah, MSNBC contributor, Victoria DeFrancesco, and MSNBC contributor, Robert Traynham, discuss the economic fallout from the "Brexit" vote and predict what impact it could have on the United States and the 2016 race.
MSNBC   |   Sat, 25 Jun 2016 19:17:45

Calls For Texas Independence Surge After Brexit Vote

As expected, it didn't take long after the final Brexit results for demands for referenda to be put forth by the Netherlands, France, Italy and Scotland. While it's easy for Americans to fall into the "it can never happen here" mentality, The Mises Institute put forth a thought experiment that ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 19:08:37

Investor George Soros says 'Brexit' means 'disintegration' of EU

June 25 (Reuters) - Billionaire investor George Soros said on Saturday that Britain's vote to leave the European Union makes of the EU practically irreversible," and that the effects...
Reuters   |   Sat, 25 Jun 2016 19:02:32

German leader Angela Merkel urges caution on 'Brexit' talks as uncertainties grow

German Chancellor Angela Merkel on Saturday urged her fellow European Union leaders to react cautiously to Britain's vote to leave the EU, breaking with fellow European ministers who seek a swift and decisive divorce with Britain. "It should not take ages, but I don't think there's any reason to...
Michael Hiltzik / LA Times   |   Sat, 25 Jun 2016 18:51:00

Brexit is Trumpism without Trump - and voters liked it

Donald Trump's rise to the Republican nomination for president has been so unorthodox that it's hard to figure out its long-term implications. But Britain's Thursday vote to leave the European Union provides strong evidence that Trump's rise will not prove to be just a flash in the pan. Some Americans ...
Vox   |   Sat, 25 Jun 2016 18:50:03

Today's Headlines

Bloomberg: Watershed Vote Ruins S&P 500 Week. After futures plunged more than 5 percent in the darkest hours of Brexit drama early Friday, the S&P 500 Index reverted, erasing nearly half of its losses by the time exchanges opened. Because it rallied 2 percent in the four days leading into ...
Between the Hedges   |   Sat, 25 Jun 2016 18:47:00

Blimey, it could be Brexit! Download the book so far

Introducing the book that foresaw Brexit was possible and set out why. With link to the pdf so far. In March, openDemocracy's founder Anthony Barnett embarked on a bold experiment, to write a book about the UK's impending referendum on EU membership, publishing a chapter each week about the real ...
Jamie Mackay / Open Democracy   |   Sat, 25 Jun 2016 18:46:29

Speculators Cut Currency Exposure Ahead Of FOMC, BOJ, And Brexit

Seeking Alpha   |   Sat, 25 Jun 2016 18:45:42

Lessons of Britquake 2016: A History-Shaping Crisis, and a Moment of Danger and Opportunity

With elites in retreat and the postwar economic consensus collapsing, the post-Brexit world is up for grabs. In the early hours of Friday morning, as we watched those images of ashen-faced young Londoners absorbing what had just happened to their country, one question leaped to mind: Was the (supposedly) shocking ...
AlterNet   |   Sat, 25 Jun 2016 18:44:00

Brexit: Epater les Eurogarchs

Confounding all elite prognostication (more on this aspect below), British voters repudiated their self-anointed better-thans and voted to leave the EU. Market reaction was swift and brutal. The pound sold off dramatically, as did UK stocks. Interestingly, though, Continental stock markets fell substantially more. Bank stocks took the brunt. Volatility ...
The Professor / Streetwise Professor   |   Sat, 25 Jun 2016 18:40:46

Why did older voters choose Brexit? It's a matter of identity

Just a few days before the EU referendum - on June 19 and 20 - we carried out an internet survey of the electorate in Britain and asked more than 2,100 people how they were planning to vote. Some 49% of respondents planned to vote to stay in the EU, ...
Harold D Clarke, Ashbel Smith Professor, University of Texas at Dallas / The Conversation   |   Sat, 25 Jun 2016 18:36:30

As a British Citizen, I Am Oscillating Between Sadness and Rage: Brexit Is the Worst of Times

A band of Britons succeeded in selling the myth that leaving the EU means "taking back control." The worst of times... Brexit was the most significant vote in U.K. politics in my generation and the long-term effects on stability and security across Europe appear immense and deeply, deeply troubling. Make ...
Tom Hamilton, Salon / AlterNet   |   Sat, 25 Jun 2016 18:33:29

Opinion: Hell Is Other Britons

I grew up in a small, closed-off place. The Brexit vote will make the whole country more like it.
TOM WHYMAN / NY Times   |   Sat, 25 Jun 2016 18:30:15

Dispatch: Why I’m Choosing to Become an Irish Citizen

Brexit has suddenly made my life more difficult.
MARK SCOTT / NY Times   |   Sat, 25 Jun 2016 18:30:02

Fortunes Will Be Made & Lost When Capital Flees To Safety

Submitted by Adam Taggart of PeakProsperity Fortunes Will Be Made & Lost When Capital Flees To Safety Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote... Its message is simple: there's a preponderance of data ...
Zero Hedge   |   Sat, 25 Jun 2016 18:28:53

European leaders fear Brexit vote could herald EU collapse unless radical reforms are introduced

Nick Squires / Telegraph   |   Sat, 25 Jun 2016 18:28:07

Whitehall's 'clear duty' to see through Brexit

'Will of British people is instruction that must be delivered,' says Heywood
FT   |   Sat, 25 Jun 2016 18:24:44

Clinton ad hits Trump's 'Brexit' response

The Clinton campaign released a new ad responding to Donald Trump's initial reaction to the "Brexit" vote. Political analyst, Amy Holmes, Politico's campaigns editor, Scott Bland, and Senior Fellow at Demos, Richard Brodsky, join MSNBC's Frances Rivera...
MSNBC   |   Sat, 25 Jun 2016 18:17:38

Trump Downplays Market Fears After Brexit Vote: It 'Shouldn't Even Affect' US

ABERDEENSHIRE, Scotland (AP) - Donald Trump is trying to play down Americans' fears about the possible financial fallout from the United Kingdom's vote to leave the European Union. Read More
TPM   |   Sat, 25 Jun 2016 18:13:33

David Bowie and Brexit referenced as Madness light up Glastonbury

Madness paid a special tribute to the "great, great David Bowie" as they brought their Glastonbury Festival set to a close with his 1971 hit Kooks. Beneath the Aladdin Sane lightning bolt suspended above the Pyramid Stage, frontman and radio DJ Suggs said he wanted to celebrate the late music ...
Times of Malta   |   Sat, 25 Jun 2016 18:12:00

Americans suffer economic blow

Financial analyst, Ali Velshi, Joins MSNBC's Frances Rivera to discuss the economic impact the United States is seeing from "Brexit."
MSNBC   |   Sat, 25 Jun 2016 18:09:16

Brexit has exposed the chasm between the Establishment... and the rest of us

Jeremy Paxman / Telegraph   |   Sat, 25 Jun 2016 18:00:00

Here Are the 5 Dumbest Reactions by Nutters to the Brexit Vote

Several U.S. conservatives took Brexit as a chance to put out some wacky statements. While the British vote on Thursday to leave the European Union has inspired concern-and in some cases, regret -among not only British citizens but international observers, several conservatives took the moment to instead put out statements ...
Arturo Garcia, Raw Story / AlterNet   |   Sat, 25 Jun 2016 17:54:00

Brexit Could Be Britain's Gift to a Revitalized Europe

Who knew the Brits would willy-nilly want to help the European Union (EU) solve their own dilemma? The simple fact is that the EU needed Britain far more than the Brits needed the EU. With its 'Brexit' vote to leave the EU, the UK may well be the 'disruptor' that ...
Harry G. Broadman, Contributor / Forbes   |   Sat, 25 Jun 2016 17:49:00

Let Us Now Figure Out Who to Blame for Brexit

Brexit has passed, and now it's time to find someone to blame. Sure, you can go with the pack and blame David Cameron or Nigel Farage, but that's not much fun. Here are four plausible but not entirely obvious choices: Ed Milliband In order to keep peace within his own ...
Kevin Drum / Kevin Drum   |   Sat, 25 Jun 2016 17:48:57

Not So Fast: Scotland And Northern Ireland May Have Brexit Veto Rights

Two days after the shocking Brexit result, the nightmares for the Remain camp - which refuses to accept a democratic reality - will not go away. As a result, it has gotten to the farcical point where disgruntled Remain voters have launched a petition demanding a second EU referendum, having ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 17:48:15

Brexit Victory: Going Native (Guest Voice)

Going Native by Evan Sarzin There will always be an England, presumably, and there will always be its Channel, to use as it pleases. For the past 70 years it has been a conduit to the European mainland and the shared market. The other day the British converted it back ...
Guest Voice / Moderate Voice   |   Sat, 25 Jun 2016 17:48:14

Brexit will prove to be the Great Escape

Roger Bootle / Telegraph   |   Sat, 25 Jun 2016 17:45:39

Big US companies weigh risks from Brexit

WASHINGTON - Rattled by the Brexit shock, major US companies are seeking more clarity about the future of the British market, their preferred entry port to Europe.
Bangkok Post   |   Sat, 25 Jun 2016 17:45:00

Two Dividend Stocks For Good And Bad Times

With financial markets on the edge following Brexit, investors have found themselves between a rock and a hard place: a turbulent equity market in which stocks drop by double digits in a few hours, and bank accounts that pay next to nothing in returns. But there are two dividend stocks ...
Panos Mourdoukoutas, Contributor / Forbes   |   Sat, 25 Jun 2016 17:41:00

Trump and Clinton continue to struggle with unfavorable views

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 10:33 a.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders...
Kurtis Lee / LA Times   |   Sat, 25 Jun 2016 17:40:00

Brexit's existential threat to Europe

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 17:36:36

Brexit: Bracing For The Headwinds

The aftermath of the historic "leave" vote in the UK on June 23 has laid bare the discontent and winds of change that are sweeping the world today. But we cannot sail backwards into the past and hope to survive.
Shellie Karabell, Contributor / Forbes   |   Sat, 25 Jun 2016 17:35:00

Trump walking back Muslim ban?

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 10:33 a.m. Donald Trump prepares to returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders...
LA Times   |   Sat, 25 Jun 2016 17:33:00

Security fears in the wake of 'Brexit'

Security concerns were a key factor for those that voted in favor of "Brexit." MSNBC's Alex Witt is joined by Will McCants, author and former State Department Senior Advisor for Countering Violent Extremism, to discuss.
MSNBC   |   Sat, 25 Jun 2016 17:29:32

How bad will Brexit get? Here's what top economists are saying.

In the months leading up to Britain's referendum on whether to leave the European Union, many economists warned over and over again that a "Brexit" could have awful ripple effects: Britain could lose its favorable access to European markets if it left; uncertainty could dry up business investment; the country ...
Brad Plumer / Vox   |   Sat, 25 Jun 2016 17:20:00

Hillary Clinton Really Has Not Understood the Brexit Vote

As one who campaigned for a number of years for yesterday's Brexit vote, that Britain should leave the European Union, of course I am not unbiased upon this subject. However, that also does mean that I'm aware, well informed even, on what actually happened here. And as such I can ...
Tim Worstall, Contributor / Forbes   |   Sat, 25 Jun 2016 17:19:42

Speculators Cut Currency Exposure ahead of FOMC, BOJ, and Brexit

The CFTC reporting week ending June 21 covers the day FOMC and BOJ meetings and ends two days before the UK referendum. The overarching theme was the reduction of exposure. This is not measured by net positions but by gross positions. Of the eight currencies we track, six saw a ...
Marc Chandler / Marc to Market   |   Sat, 25 Jun 2016 17:15:22

U.S. Presidential Race: Revolt Casts a Shadow Over Hillary Clinton’s Cautious Path

Mrs. Clinton offers messages about stability that are similar to the ones put forth by the defeated campaign in Britain’s referendum on leaving the European Union.
PATRICK HEALY / NY Times   |   Sat, 25 Jun 2016 17:14:48

Brexit and the Transnational Triumph of Ignorance

Paul R. Pillar United Kingdom European Union Elections, Europe Some explanations for the outcome of the British vote to leave the European Union are specific to Britain. This includes the divisions within the governing Conservative Party over EU membership (divisions that led Prime Minister David Cameron to conceive of the ...
Paul R. Pillar / National Interest   |   Sat, 25 Jun 2016 17:12:00

U.K. Exit Is Different This Time

toby Exit Is Different This Time The U.K. "Brexit" decision raises risks about the pound, real estate and the economy.U.K. exit is different this time U.K. Exit Is Different This Time -- Heard on the Street Heard on the StreetU.K. Exit Is Different This Time The fall in the pound ...
WSJ   |   Sat, 25 Jun 2016 17:10:50

The Tax Consequences Of Brexit

Bloomberg, Brexit Risks Losing Corporate Tax Break Worth Billions in U.K., by Lynnley Browning Forbes, Weighing The Corporate Tax Implications Of A 'Brexit', by Joe Harpaz International Tax Review, Bexit: Tax Implications for Business, by Caroline Byrne Start Making Sense, Brexit and Tax Policy, by Dan Shaviro (NYU) WSJ Law...
Paul Caron / TaxProf Blog   |   Sat, 25 Jun 2016 17:00:00

Essential Arts & Culture: A controversial Santa Monica play, a terrifying architectural slide, how 'Brexit' affects the arts

I'm Carolina A. Miranda, staff writer for the Los Angeles Times, and I'm ready to newsletter after being on vacation for two weeks. (During which, incidentally, I read Valeria Luiselli's wondrous novel "The Story of My Teeth," an austere tale that offers some wry observations about art and the...
Carolina A. Miranda / LA Times   |   Sat, 25 Jun 2016 16:58:00

Trump and Murdoch sit down for post-Brexit dinner

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 16:48:42

Brexit hangover: 3 headaches facing the U.K.

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 16:48:31

Boris Johnson to call for Brexit 'road map' - but what will be negotiated with the EU, when and by who?

Steven Swinford / Telegraph   |   Sat, 25 Jun 2016 16:42:53

'Brexit' faces warning in aftermath

Britain's exit from the EU has sparked warnings including rallies and an online petition from 1.8 million people to hold a second referendum. NBC's Chief Global Correspondent Bill Neely and The Daily Beast Editor Christopher Dickey are here to discuss.
MSNBC   |   Sat, 25 Jun 2016 16:31:03

Turkey Gloats: "The Crusader Union Falls Apart"

Earlier today, we showed the front pages of British newspapers on the first day after the historic Brexit referendum. Just as amusing front pages, howeve, abound in Turkey and especially among the pro-government (and thus press, such as the Akit newspaper, which looks at the chaos in the UK and ...
Zero Hedge   |   Sat, 25 Jun 2016 16:30:04

City of London could be cut off from Europe, says ECB official

The European Central Bank has fanned fears that London could lose its status as Europe's financial capital after warning that the Brexit vote might sever the City's trade relationship with the EU.
Here Is The City   |   Sat, 25 Jun 2016 16:26:02

Opinion: Brexit is the biggest step backward since World War II

The numbing news that Britain has voted to leave the European Union is the worst step backward for Europe -- and for Western civilization -- since the end of World War II.
CNN   |   Sat, 25 Jun 2016 16:24:32

Brexit - EU calls for new UK PM 'in days'

Latest developments - Europe's political establishment reels from the referendum vote
FT   |   Sat, 25 Jun 2016 16:24:00

Trump backs 'Brexit', shakes up campaign...

Trump advisor Barry Bennett talks with MSNBC's Alex Witt on the Republican nominee's response to the "Brexit" vote and changes in his campaign staff.
MSNBC   |   Sat, 25 Jun 2016 16:22:18

Merkel pushes back on calls for fast Brexit

German chancellor asks for caution following push from foreign ministers for speedy action
FT   |   Sat, 25 Jun 2016 16:18:32

The Jedi Influence on the Brexit Vote

Much of the talk about Britain's vote to leave the European Union has somehow passed over a key electoral bloc-the island's small but powerful cadre of Jedi Knights. According to U.K. Census data on religion, England and Wales are home to more than 175,000 members of the Jedi Order, a ...
Andrew McGill / The Atlantic   |   Sat, 25 Jun 2016 16:12:00

Brexit and the Failure of Democracy

I want to go off topic here today because the recent Brexit vote exposed the extraordinary failure and danger of democracy. People in the USA often refer to the USA as a But this is completely wrong. The Founding Fathers were terrified of democracy. They intentionally designed the United States ...
Cullen Roche / Pragmatic Capitalism   |   Sat, 25 Jun 2016 16:10:59

Plunging Pound Has EU Worried About Fall in British Tourists

Britain won't officially leave the European Union for at least two years, but European tourism officials already fear a British exit this summer.
WSJ   |   Sat, 25 Jun 2016 16:10:21

Why did Britain vote to leave the EU?

On Thursday, the British people voted to leave the European Union by a 52 to 48 percent margin, a decision that has been dubbed "Brexit." It was a surprising result that will have huge consequences for Britain, the EU, and the global economy. So why did Britain vote to leave ...
Timothy B. Lee / Vox   |   Sat, 25 Jun 2016 16:10:02

UK business leaders caution against hasty EU exit

Heads of commerce groups say they do not like the uncertainty Brexit has heralded but nor do they want a rushed deal UK business leaders have cautioned against kickstarting the process to leave the EU too quickly, after European governments piled pressure on Britain to leave the bloc as soon ...
Frances Perraudin and Katie Allen / Guardian   |   Sat, 25 Jun 2016 16:08:27

A look into the US election through 'Brexit'

Gabby Morrongiello, political reporter for The Washington Examiner, and Joy Reid, host of MSNBC's AM Joy, discuss how the "Brexit" vote relates to the U.S. presidential election and the fight for key battleground states between Donald Trump and Hillary...
MSNBC   |   Sat, 25 Jun 2016 16:07:42

The Problem with Brexit is the Leaders, not the Voters

Elites have pushed policies that go against the basic sense of identity, security, common sense, and morality of many citizens.
Rachel / The American Interest   |   Sat, 25 Jun 2016 16:06:40

Brexit Blowout: Five Predictions

The Brexit has smashed the conventional wisdom once again. Here's what's coming next.
John Wasik, Contributor / Forbes   |   Sat, 25 Jun 2016 16:06:00

Social Media's Filter Bubble Driving Political Anger

Tom Steinberg is one of those internet gurus who actually does interesting and useful things and he is really on to something with his fears about the filter bubble: I am actively searching through Facebook for people celebrating the Brexit leave victory, but the filter bubble is SO strong, and ...
Guy Fawkes' blog   |   Sat, 25 Jun 2016 16:05:10

I really don't understand what ...

... all the fuss about Brexit is about, given that now more people will visit Turnberry, Scotland to golf. Or maybe not. Although that push to repeal Dodd-Frank may save things!    
Angry Bear   |   Sat, 25 Jun 2016 16:04:47

With England voting for Brexit, the pillars of Britain's union are crumbling fast

In the wake of England's vote to leave the EU, the glue keeping Scotland in the UK is rapidly dissolving. Daily Record, 25 June 2016, fair use Centrist Scottish unionism was built on four pillars: the press, political parties, business and Britishness. Each of them seems to be crumbling. The ...
Adam Ramsay / Open Democracy   |   Sat, 25 Jun 2016 16:02:34

The Brexit Comes At A Steep Price

BY DANIEL GRISWOLD - British voters delivered a shock to global markets on Thursday with their 52-48% vote to leave the European Union. When the turmoil subsides, more sober-minded Brits may come to regret their decision to abandon their four-decade membership in the continental-sized common market.
Capital Flows, Contributor / Forbes   |   Sat, 25 Jun 2016 15:59:00

Financial clearinghouses seem to work pretty well (so far)

There was absolute carnage in various markets following the realization of Brexit, and at times massive asset price changes, sometimes ranging from eight to ten percent, were compressed into minutes or hours. I recall seeing in my Twitter feed that the dollar-pound rate shift was a fourteen-standard deviation event. That's ...
Marginal Revolution   |   Sat, 25 Jun 2016 15:55:33

Live score: Wales vs Northern Ireland

The two British teams meet for the first international clash following the shocking Brexit vote. Could Gareth Bale's Wales upset Northern Ireland after topping the England group?
Times of Malta   |   Sat, 25 Jun 2016 15:50:00

From Brexit to Trump?

Brexit suggests that when the white, poor, angry, and left-behind constituency can be allied to a conservative cause that has millions of other, more devotees, victory is possible. It suggests that hostility to migrants, a cynical trampling on the truth, and a cavalier disdain for expertise can work wonders, such ...
NY Review of Books   |   Sat, 25 Jun 2016 15:47:14

Trump tries to play down Americans' fear of Brexit fallout

Donald Trump is trying to play down Americans' fears about the possible financial fallout from the United Kingdom's vote to leave the European Union
U.S. News   |   Sat, 25 Jun 2016 15:42:08

What is Brexit?

Brexit is short for "British exit." It refers to a vote taken on June 23, 2016, in which British voters voted to leave the European Union. The vote could have profound consequences for Britain, the EU, and the global economy. Britain has been a member of the European Union (or ...
Timothy B. Lee / Vox   |   Sat, 25 Jun 2016 15:40:03

Opinion: Trollishness pervades American politics in 2016

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 8:29 a.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll cast...
David Horsey / LA Times   |   Sat, 25 Jun 2016 15:33:00

Germany Says "We Won't Let Anyone Take Europe From Us"

Yesterday we said that in the historic fallout and unprecedented confusion over Brexit, so far only one sure winner has emerged - namely Russia, where Vladimir Putin is watching the slow-motion collapse of this latest artifical aggregation of Europen states (a quick search of failed attempts at European integration results ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 15:30:12

What does 'Brexit' mean for the U.S. presidential election?

What does 'Brexit' mean for the U.S. presidential election? June 25, 2016, 8:29 a.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll cast...
LA Times   |   Sat, 25 Jun 2016 15:29:58

Totally Not Brexit: How To Plate Food

If you can do this you have found your calling. From Sad and Useless: Low Budget Gourmet Meals ...MORE HT: MetaFilter Also at Sad and Useless: How to Pass Time on the Train
climateer / Climateer Investing   |   Sat, 25 Jun 2016 15:28:00

Understatement of the Year

( Steven Hayward ) This Wall Street Journal story this morning about how the Brexit vote unfolded in the Labour Party stronghold of Sunderland wins Power Line's Understatement of the Year Award. Keep in mind that it was the Labour government under Tony Blair that pushed for expanded immigration to ...
Power Line   |   Sat, 25 Jun 2016 15:25:37

Expert: 'Euro will be gone in 3-5 years'

One expert says that the euro is and will be gone within three to five years.
CNBC   |   Sat, 25 Jun 2016 15:23:00

EU referendum: Cartoonist Gerald Scarfe sketches Brexit

Cartoonist Gerald Scarfe joined the BBC's Nick Robinson to sketch some politicians post-Brexit.
BBC   |   Sat, 25 Jun 2016 15:13:09

The people and movement behind Trump's rise

Former Ohio State Senator and Bernie Sanders' supporter, Nina Turner, Producer/Director of the "Whiteness Project," Whitney Dow, and former Ohio Secretary of State, Ken Blackwell, comment on how the supporters of "Brexit" have some similarities to...
MSNBC   |   Sat, 25 Jun 2016 15:05:42

How Congress Should Seize the Brexit Opportunity

This week, the people of Britain won a major victory for democracy and sovereignty by voting to leave the European Union. Many on the left,... Read More The post How Congress Should Seize the Brexit Opportunity appeared first on The Daily Signal .
Sen. Mike Lee / The Foundry   |   Sat, 25 Jun 2016 15:03:46

What Brexit is all About: Taxation (and Regulation)

Note: This article is courtesy of Iris.xyz By Frank Holmes I want to continue the Brexit conversation from last week. Three days before U.K. voters headed to the polls, expectations of which side might win were beginning to shift toward the while betting markets were still putting money on the ...
Iris.xyz / ETF Trends   |   Sat, 25 Jun 2016 15:00:15

Shares down, jobs down, prices up? Business comes to terms with Brexit

Corporate leaders have a difficult course to plot in the wake of the referendum. What are the UK's business brains thinking? To some it is a political disaster that will bring financial Armageddon. To others, Britain's vote to leave the EU represents a golden opportunity. Business leaders want to make ...
Phillip Inman, Patrick Collinson, Hilary Osborne and Sarah Butler / Guardian   |   Sat, 25 Jun 2016 15:00:01

Weekly Indicators for June 20 -24 at XE.com

- by New Deal democratMy Weekly Indicator post is up at XE.com.There were some Brexit-related moves on Friday, but the overall picture remains the same.
Bonddad Blog   |   Sat, 25 Jun 2016 14:58:00

NOMURA: Brexit will cause widespread 'contagion' in Asia

Britain's vote to leave the European Union is going to cause widespread across the globe, with Asia's markets and economies being hit hardest, according to research from Japanese bank Nomura. In a special report on the Asian Markets following Britain's Brexit vote, Nomura analysts argue that the impact of Brexit ...
Will Martin / Business Insider   |   Sat, 25 Jun 2016 14:57:00

After Brexit, Europe's Security Will Get Even More Complicated

The UK's vote to leave the European Union will make Europe more inward looking and less able to act.
Dan / The American Interest   |   Sat, 25 Jun 2016 14:56:32

Contributing Op-Ed Writer: David Cameron’s Brexit Bust

Successfully re-elected only a year ago, Britain’s prime minister has been swept aside by a raging torrent.
MATTHEW D&#x2019;ANCONA / NY Times   |   Sat, 25 Jun 2016 14:54:01

Daily Digest 6/25 - Some Early Signs of Brexit Upheaval, Your Coffeemaker Is Watching You

Nicola Sturgeon to lobby EU members to support Scotland's remain bid Marc Faber: 'Europe is becoming economically irrelevant' Some Early Signs of Brexit Upheaval To mitigate poverty, Y Combinator set to launch minimum income plan A-10s make rare highway landing near Russian border Elon Musk Is Squaring Off Against China ...
Peak Prosperity   |   Sat, 25 Jun 2016 14:51:26

Brexit Vote Might Finally Invoke Much Needed Global Fiscal Stimulus

Global financial markets are stirring over the U.K. decision to leave the European Union. Here are a few things to keep in mind: As we discussed earlier in the week, the repercussions of the Brexit are very different than those that were feared over the potential "Grexit." Greece was threatening ...
Bryan Rich, Contributor / Forbes   |   Sat, 25 Jun 2016 14:50:00

How Europe's press reacted to Brexit

Continental media reflect shock, despair and Islamophobia
FT   |   Sat, 25 Jun 2016 14:37:12

4 Stock Retirement Portfolio With 6.0% Yields And 100% Upside

All weekend long I've heard from investors terrified of Brexit's impact on their nest eggs. For the most part, they are in or near retirement-and now more than ever they are looking to shift more of their portfolio into fixed-income securities. The problem? These are grim times for fixed-income investors. ...
Brett Owens, Contributor / Forbes   |   Sat, 25 Jun 2016 14:37:00

Brexit: The UK investors playbook

John Ficenec / Telegraph   |   Sat, 25 Jun 2016 14:35:31

The UK politics podcast

Brexit Britain - what happens next
FT   |   Sat, 25 Jun 2016 14:33:56

EU referendum: Brexit letters from Glastonbury

Young people at the Glastonbury Festival give their messages to people who voted in the EU referendum.
BBC   |   Sat, 25 Jun 2016 14:32:51

Markets pass first Brexit stress test

No signs of 'Lehman moment' as banks and central bankers learn their lesson
Gillian Tett   |   Sat, 25 Jun 2016 14:30:12

Money, holidays and shopping - what will Brexit mean for you?

Robert Mendick / Telegraph   |   Sat, 25 Jun 2016 14:29:17

Brexit: Merkel says 'no need to be nasty' in leaving talks

German Chancellor Angela Merkel says the EU has "no need to be particularly nasty in any way" in the negotiations with Britain about its exit from the bloc.
BBC   |   Sat, 25 Jun 2016 14:21:34

What a Reader/Listener Wants

I think that readers should concentrate on Trump vs. Hillary, Brexit, the Iranian-led armageddon, and so on. But they keep saying, "No, no, we want ballet!" Okay, okay. I have a couple of posts over at The New Criterion. One on La fille mal gardée, here. The other on The ...
National Review   |   Sat, 25 Jun 2016 14:20:54

Brexit for breakfast on the morning after the morning after

"Could you find me a newspaper?" I asked the young waiter as I sat down for breakfast Saturday morning at my hotel in Warrington, the northern English town where I had attended a friend's wedding the day before. I wanted to read about the aftermath of Thursday's referendum on Britain's ...
Michael McGough / LA Times   |   Sat, 25 Jun 2016 14:16:00

"See EU Later" - On The Front Covers Of UK Newspapers Today

Two days ago, when Britain was set to vote for Brexit, we showed the front pages of the local newspapers which fell into two broad camps and could be summarized as follows: "Project Hope" and "Project Fear." Project Hope won. And just as we did then, here is a snapshot ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 14:13:35

After Brexit, European Left Calls for 'Massive Political Opposition'

By Nadia Prupis / Common Dreams A "campaign of building bridges across Europe, bringing democrats together across borders and political parties, is what Europe needs more than ever to avoid a slide into a xenophobic, deflationary, 1930s-like abyss," wrote the political alliance co-founded by former Greek Finance Minister Yanis Varoufakis. ...
truthdig   |   Sat, 25 Jun 2016 14:10:32

Krauthammer's Take: 'In Ten Years You Could Have a Britain that Is Only Wales and England'

Charles Krauthammer argues that the Brexit vote could spell the end of the United Kingdom in its current form: This is a problem that began long before the immigration wave. This is a result of what you talked about -- the origins of the EU and how the idea, a ...
NR Staff / National Review   |   Sat, 25 Jun 2016 14:07:17

A Nordic model for the post-Brexit UK

Look to the Nordic countries for a new, sustainable constitutional settlement, writes Hugh Carnegy
FT   |   Sat, 25 Jun 2016 14:05:58

Some Hedge Funds Clean Up After Brexit Vote

Hedge Funds Clean Up After Brexit Vote Two early beneficiaries were London money managers who took different views on the vote, but both wound up making money.Some Hedge Funds Clean Up After Brexit Vote Two early beneficiaries were London money managers who took different views on the vote, but both ...
WSJ   |   Sat, 25 Jun 2016 14:05:31

On the Financial Market Consequences of Brexit

Brexit creates new opportunities and new risks for the British and EU financial markets. If policymakers react optimally, both could ... View the full post at: On the Financial Market Consequences of Brexit
WSP / Wall Street Pit   |   Sat, 25 Jun 2016 14:05:01

Why Brexit Might Actually Be Good For The Music Business

A Vote Leave sign is fixed on a market stall at Havering's Romford street market in London. (AP Photo/Frank Augstein) Now that Brexit has unleashed its shock and horror on the financial markets worldwide, other much smaller sectors are wondering how it will affect them as well, and the music ...
Bobby Owsinski, Contributor / Forbes   |   Sat, 25 Jun 2016 14:00:00

Brexit hangover: 3 huge headaches facing U.K.

U.K. markets have crashed following the Brexit vote. Prolonging the uncertainty over its future relationship with the EU will only make matters worse.
CNN   |   Sat, 25 Jun 2016 13:52:04

Hollande meets Le Pen to discuss Brexit vote

Talks at Elysée Palace are a sign of how the far-right leader has taken centre stage in France
FT   |   Sat, 25 Jun 2016 13:50:54

Brexiters divided over trade and immigration

Policy differences begin to emerge shortly after vote
FT   |   Sat, 25 Jun 2016 13:48:59

Cigarettes and pop could take edge off Brexit stress

British American Tobacco Plc (LON:BATS) and Imperial Brands Plc (LON:IMB) are among the 'most compelling' defensive shares to buy in the aftermath of the Brexit vote, according to Whitman Howard Equity Research. In a note, Whitman Howard claims the larger companies in the UK's Fast Moving Consumer Goods (FMCG) sector ...
Proactive Investors   |   Sat, 25 Jun 2016 13:45:00

Post-Brexit financial 'hangover' for UK

CNN   |   Sat, 25 Jun 2016 13:44:17

Brexit: Navigating The Aftermath

Seeking Alpha   |   Sat, 25 Jun 2016 13:41:47

Starved of resources, UK's most deprived town pins hopes on Brexit

OLDHAM, England, June 25 (Reuters) - The son of Pakistani immigrants, Sajaad Ahmed voted to leave the European Union because he sees only one way to reverse a decades-long dwindling of resources in...
Reuters   |   Sat, 25 Jun 2016 13:41:07

Tata Steel Bidders Get Cold Feet Over Brexit

Wilbur Ross is unlikely to pursue a takeover of Tata Steel's UK business in the wake of the EU referendum, Sky News learns.
Sky   |   Sat, 25 Jun 2016 13:38:06

Verizon, Walmart Lead Dow, Up 17% This Year

The two Dow Jones Industrial Average stocks least affected by Friday's reaction to the Brexit vote were Verizon Communications Inc. (NYSE: VZ) and Wal-Mart Stores Inc. (NYSE: WMT), down 0.44%... VZ WMT 247paul stock market VZ WMT
24/7 Wall St.   |   Sat, 25 Jun 2016 13:37:48

'Brexit' and the 2016 political narrative

Former Economic Advisor to Vice President Joe Biden, Jared Bernstein, comments on the "Brexit" vote and how is affecting the U.S. economy and the 2016 race.
MSNBC   |   Sat, 25 Jun 2016 13:37:12

Trump Packs His Blunt Phrase Book Abroad

In Scotland a day after Britain voted to leave the European Union, Mr. Trump said things that would have set off backlash for almost any other candidate.
MAGGIE HABERMAN / NY Times   |   Sat, 25 Jun 2016 13:34:50

London after Brexit: independence a non-starter but special status could protect global position

from The exit of the United Kingdom from the European Union leaves London in a peculiar position. London is Europe's - if not the world's - preeminent global city and financial centre. And this is in no small part because it makes its living off its connections to both Europe ...
Richard G Smith, Associate Professor of Geography, Swansea University / The Conversation   |   Sat, 25 Jun 2016 13:34:46

Brexit: 9 questions you were too embarrassed to ask

On Thursday, British voters voted in favor of "Brexit" - British exit from the European Union. That means that the EU is on the verge of losing one of its largest and wealthiest members. The consequences will be huge for the British people. Britain's economy and legal system have become ...
Timothy B. Lee / Vox   |   Sat, 25 Jun 2016 13:34:00

Brexit: the 7 most important arguments for Britain to leave the EU

On Thursday, Britain voted to leave the European Union- an option dubbed "Brexit." Almost 52 percent of Britons voted in favor of leaving. Although the "leave" campaign often focused on emotional arguments about immigration, there are in fact many reasons those in favor of leaving believed it would benefit the ...
Timothy B. Lee / Vox   |   Sat, 25 Jun 2016 13:32:00

Brexit: what happens when Britain leaves the EU

Voters have voted in favor of Brexit: British exit from the European Union. That means that in the coming months, British and European leaders will begin negotiating the terms of Britain's departure. Britain's exit will affect the British economy, immigration policy, and lots more. It will take years for the ...
Timothy B. Lee / Vox   |   Sat, 25 Jun 2016 13:30:00

The complicated coup to oust Corbyn

Labour rebels hope Brexit will let them change leader but it will be tricky, writes Sebastian Payne
FT   |   Sat, 25 Jun 2016 13:28:30

Brexit in Berlin: Merkel Sizes Up the Next EU Crisis

Closed-door meetings, crisis talks, hastily arranged diplomatic consultations: Since the British voted to leave the EU, officials in Berlin have been rushing to figure out how to respond. What happens next?
Spiegel   |   Sat, 25 Jun 2016 13:25:40

3 Reasons Why Brexit Will Not Break The World Economy

Investors around the world were shocked by the United Kingdom's (U.K.) vote to leave the European Union (E.U.). Now, we are left to assess how the U.K. decision will affect our investments in Europe and around the world. Before we start making portfolios changes, however, we need to have a ...
Bruce McCain, Contributor / Forbes   |   Sat, 25 Jun 2016 13:24:00

Heart of U.K. Euroskepticism Celebrates Brexit Result

In the seaside town of Clacton, Britain's vote to break from the EU capped years of political disenfranchisement and deep-rooted concerns about immigration.
WSJ   |   Sat, 25 Jun 2016 13:22:47

London banks gird themselves for post-Brexit reform

Marion Dakers / Telegraph   |   Sat, 25 Jun 2016 13:22:33

Wetherspoon boss Martin says Brexit worry 'understandable'

Brexit businessman Tim Martin, founder of the Wetherspoons pub chain, says anxiety is but adds there is no need to rush into EU exit talks.
BBC   |   Sat, 25 Jun 2016 13:21:25

Brexit...Stock Market Implodes as Europe Begins Its Disintegration

Brexit kicked it off, now we wait for the buzzwords that will go full throttle next week. Italeave, Chechout, Austria La Vista, Finish, Slovakout, Spaixit and Departugal. The Dutch are chomping at the bid to leave and other European countries want to start their own referendums. Northern Ireland is talking ...
Joe Donohue / UpsideTrader   |   Sat, 25 Jun 2016 13:18:33

Brexit: how the UK can navigate through this brave new world

Szu Ping Chan / Telegraph   |   Sat, 25 Jun 2016 13:13:45

A Very British Revolution

Never has there been a greater coalition of the establishment than that assembled by Prime Minister David Cameron for his referendum campaign to keep the U.K. in the European Union. And none of it worked.
WSJ   |   Sat, 25 Jun 2016 13:12:42

Why Brexit doesn't mean Trump will win

CNN   |   Sat, 25 Jun 2016 13:10:51

Merkel Plays for Time as Brexit Moves into Gear

Getty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesMerkel Plays for Time as Brexit Moves Into Gear German chancellor faces tough balancing act as she attempts to avoid creating incentives for other countries to leave the EU while limiting the damage to Germany's export-reliant ...
WSJ   |   Sat, 25 Jun 2016 13:07:21

Beyond Brexit: The consequences of Britain's great exit

What lies ahead for the United Kingdom and global financial markets now that the reality of a Brexit is inevitable?
Al Jazeera   |   Sat, 25 Jun 2016 13:06:50

The BREXIT Vote Wins...A Catastrophe Awaits

Further to my UPDATES noted on my last post, a massive Head & Shoulders pattern has formed on this GBP/USD Monthly chart...catastrophe awaits as price flirts with the neckline. But, the FTSE 100 Index closed the week 234 points higher than last week...Weekly chart below... ...so, while it has not ...
Strawberry Blonde / Tim Knight   |   Sat, 25 Jun 2016 13:05:43

Brexit's threat to Europe: Who's next?

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 13:01:07

How to Position Your Portfolio Post-Brexit

Note: This article is courtesy of Iris.xyz By Krishna Memani With the referendum result on whether Britain should exit the European Union (EU), the so-called Brexit, looming large over global markets, let me start by saying Federal Reserve (Fed) Chair Janet Yellen's instinct on how it might play out has ...
Iris.xyz / ETF Trends   |   Sat, 25 Jun 2016 13:00:13

How Brexit will affect publishing, and more book news

Brexit is upon us, and it's an event so outlandish it seems fictional. (Think about how many dystopias have "and then the UK left the EU" in their backstory, and then try not to think about it anymore.) So as we take the weekend to gather our thoughts, might I ...
Constance Grady / Vox   |   Sat, 25 Jun 2016 13:00:03

Why Time is Key to Trading Psychology

The recent Brexit trade and its volatility has given us an opportunity to explore an important and neglected topic in trading psychology: time.Here's a useful distinction between novice and expert performers: Under pressure, the novice feels threat and speeds up. Heart rate, galvanic skin response, muscle tension--all increase under pressure ...
TraderFeed   |   Sat, 25 Jun 2016 13:00:00

Concern over challenger banks' Brexit exposure

Investors highlight increased risk that new lenders now face
FT   |   Sat, 25 Jun 2016 12:54:32

Oil Rig Count Fell by 7 Last Week, Hedge Funds Bet Wrong on Brexit

In the week ended June 24, the number of rigs drilling for oil in the United States totaled 330, down by 7 compared with the prior week and a total of 628 a year ago. Including 90 other rigs drilling... 247paul fracking
Paul Ausick / 24/7 Wall St.   |   Sat, 25 Jun 2016 12:52:10

The Real Brexit World's 400 Richest People Lose $127 Billion

For all the scaremongering and threats of an imminent financial apocalypse should Brexit win, including dire forecasts from the likes of George Soros, the Bank of England, David Cameron (who even invoked war), and even Jacob Rothschild, something happened yesterday: the UK was the best performing European market following the ...
Tyler Durden / Zero Hedge   |   Sat, 25 Jun 2016 12:51:58

The Brexit clock has yet to start ticking, but there are limits to the EU's patience

David Blair / Telegraph   |   Sat, 25 Jun 2016 12:43:27

Brexit Will Be Bad For Pharma

Brexit's Hit To Healthcare In medicine they talk about triage in making quick decisions to save lives. Central bankers and politicians across Europe will be performing financial triage this weekend on the UK and EU. But big Pharma execs and their financial staffs will also be working overtime to monitor ...
Steve Brozak, Contributor / Forbes   |   Sat, 25 Jun 2016 12:43:00

A Pact Against Brecession: How We Can Prevent Contagion

The British vote has shocked the financial markets, and it also threatens to cripple the German and European economies. What Europeans need now is an emergency stimulus package to fight potential contagion. The clock is ticking.
Spiegel   |   Sat, 25 Jun 2016 12:42:42

What Trump should be doing before the RNC

From extremely low campaign funds to Donald Trump's comments praising "Brexit," Republican strategist Hogan Gidley discusses with MSNBC's Alex Witt what Trump's game plan should be leading up to the National Convention in July.
MSNBC   |   Sat, 25 Jun 2016 12:42:00

European Expats Ponder Future in Brexit Britain

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WSJ   |   Sat, 25 Jun 2016 12:41:51

China, not Europe

Yesterday - the morning after the Brexit vote - it was too painful to think about what had happened. I'm horrified by the outcome. At least for my train journal I had a completely absorbing book to read. It's Rob ... Continue reading →
Diane Coyle / The Enlightened Economist   |   Sat, 25 Jun 2016 12:40:40

The UK may have just opened 'Pandora's Box' in Europe

It's official: Britain has chosen to leave the European Union. Britons voted Thursday on whether the UK should stay in or leave the 28-nation bloc, with the results counted overnight. As of 7 a.m. BST (2 a.m. ET) on Friday, the final results showed that 51.9% voted to leave the ...
Elena Holodny / Business Insider   |   Sat, 25 Jun 2016 12:38:00

Brexit: EU Leaders Urge Britain To Get On With If For Fear Of Contagion

As with other Brexit supporters I am still hugging myself with delight at the way Thursday's referendum went. But there is also greater interest in the manner in which the European Union and its leaders are reacting. None of them actually expected the vote to run this way, we know ...
Tim Worstall, Contributor / Forbes   |   Sat, 25 Jun 2016 12:35:00

For America, May Be a Warning of Limits

Britain’s vote to leave the E.U. may not bring recession to the U.S., but it could mark the end of a period of economic integration and open markets.
NELSON D. SCHWARTZ and PATRICIA COHEN / NY Times   |   Sat, 25 Jun 2016 12:32:49

President Obama Acknowledges 'Brexit' To Silicon Valley Crowd

President Obama delivered a speech Friday at Stanford University, and remarked on the Brexit vote in front of a crowd of young, tech-forward, pro-globalization attendees from 170 countries.
Aarti Shahani / NPR   |   Sat, 25 Jun 2016 12:32:00

Annals of mewling idiocy

( Scott Johnson ) Palestinian Authority President Mahmoud Abbas is now serving the twelfth year of his four-year term. He is an absurd and contemptible figure. In a perfectly timed companion to the Brexit referendum, Abbas had the honor of addressing the European Parliament this past Thursday. Abbas drew a ...
Power Line   |   Sat, 25 Jun 2016 12:26:46

Palin Compares Brexit to Declaration of Independence

Sarah Palin wrote on Facebook that Britain's vote to exit the European Union reminds her of the Declaration of Independence. Said Palin: "The U.K. knew - it was that time. And now is that time in the U.S.A. The Brexit [...]
Taegan Goddard / Taegan Goddard   |   Sat, 25 Jun 2016 12:24:13

Scotland close to calling independence vote

Scotland's government will start to protect its EU membership and prepare for a possible independence vote, Sturgeon says.
CNBC   |   Sat, 25 Jun 2016 12:14:00

The UK is Reaping What the British Media Have Been Sowing for a Long Time

By Maria Kyriakidou The result of the EU referendum and the now imminent Brexit have been met with shock and disbelief both globally and in the UK, where despite indications by the polls there was still hope that reason would ... Continue reading →
Eurocrisis in the Press / LSE Euro Crisis   |   Sat, 25 Jun 2016 12:09:41

Surviving Brexit: The One Thing Investors Should Not Do Now

Photo by Thomas Lohnes/Getty Images Worried about Brexit's impact on the market? That's understandable - it would be hard not to. News that British voters had decided to pull the country out of the EU sent investors flooding the exits yesterday, dropping the Dow by 600 points, or 3.7%, and ...
Elizabeth Harris, Contributor / Forbes   |   Sat, 25 Jun 2016 12:07:00

So when does Concorde fall on our heads?

Brexit, 3 wins in Oz, haven't heard of the traditional batting collapse yet. So, err, when does it all go wrong? read more
Tim Worstall   |   Sat, 25 Jun 2016 12:06:33

Joy and despair at Brexit - in five words

Twitter users are summarising their reactions to the EU referendum results in five words
BBC   |   Sat, 25 Jun 2016 12:06:01

Arab perspectives on Brexit

Mixed reactions from the Arab world, with some commentators describing the vote as a "defeat" for Britain and Europe.
Al Jazeera   |   Sat, 25 Jun 2016 12:03:36

Opinion: Did 'Brexit' voters just walk Britain off a cliff?

Happy Saturday, everyone. This is Matthew Fleischer, digital editor of The Times' Opinion section, filling in for Paul Thornton. Subscribe to the newsletter Notice your 401(k) take a precipitous dip overnight? You are not alone. We can all thank Britain for voting Thursday to "Brexit" the European...
Matthew Fleischer / LA Times   |   Sat, 25 Jun 2016 12:00:00

Britain's EU Commissioner Lord Hill calls its quits after Brexit vote

Peter Spence / Telegraph   |   Sat, 25 Jun 2016 11:58:41

The Week in Pictures: Brexit Edition

( Steven Hayward ) What a week. It now seems like ages ago that the reporter was making fool of himself about how shooting an AR-15 gave him PTSD, and we were focused on the aftermath of the Orlando shooting and rogue alligator at Disney. It seemed a cinch that ...
Steven Hayward / Power Line   |   Sat, 25 Jun 2016 11:54:44

How Should Europe be Organized?

In the wake of the Brexit vote, here are my thoughts. I view the issue primarily from a libertarian perspective, which means a bias in favor of free trade and free movement and a bias against centralized bureaucracy. 1. The ... Continue reading →
Arnold Kling / askblog   |   Sat, 25 Jun 2016 11:49:37

Could Britain Break Up?

Among the uncertainties unleashed by the Brexit referendum, which early Friday morning heralded the United Kingdom's coming breakup with the European Union, was what happens to the "union" of the United Kingdom itself. Ahead of the vote, marquee campaign themes included, on the "leave" side, the question of the U.K.'s ...
Kathy Gilsinan / The Atlantic   |   Sat, 25 Jun 2016 11:49:05

Britain's EU commissioner resigns after Brexit vote

Britain's representative on the EU executive in Brussels, Financial Services Commissioner Jonathan Hill, said he was resigning following the referendum vote for Brexit which he had campaigned against. "I don't believe it is right that I should carry on as the British commissioner as though nothing had happened," Hill said ...
Times of Malta   |   Sat, 25 Jun 2016 11:47:00

The Brexit Results: What Happened, What's Next?

The United Kingdom's official exit from the European Union (EU) will be a long and uncertain process. Article 50 of the Lisbon Treaty governs a departure from the union, but provides few guidelines. Read more
Matthew Borin / CFA Institute   |   Sat, 25 Jun 2016 11:46:59

Opinion: The Brits Have Chosen Out and Must Face the Consequences

The economic consequences of a Britain's departure from the European Union are manageable - but only if Europe's leaders handle Brexit properly.
Spiegel   |   Sat, 25 Jun 2016 11:43:29

The Obama-Brexit bounce

( Scott Johnson ) Has Barack Obama ever persuaded anybody of anything? (I mean anything other than voting for him for office.) I don't think so. Obama's contribution to the Remain case - the threat the Great Britain will have to get "in the back of the queue" for a ...
Scott Johnson / Power Line   |   Sat, 25 Jun 2016 11:41:23

Does 'Brexit' shadow a Trump win?

MSNBC's Alex Witt sits down with Republican strategist Joe Watkins, and MSNBC Political Analyst and former National Spokesman for Ted Cruz, Rick Tyler, to talk about all things Trump, "Brexit" and the effectiveness of GOP advertising in "blue" states.
MSNBC   |   Sat, 25 Jun 2016 11:37:58

Britain's EU commissioner, finance chief Hill, says resigning

BRUSSELS (Reuters) - Britain's representative on the EU executive in Brussels, Financial Services Commissioner Jonathan Hill, said on Saturday he was resigning following the referendum vote for Brexit which he had campaigned against. "I don't believe it is right that I should carry on as the British commissioner as though ...
Business Insider   |   Sat, 25 Jun 2016 11:36:09

SPANKED! Financial Spreads founder laments 'sadomasochistic' City

Adam Jepsen, founder of Financial Spreads, reckons the market didn't see the Brexit vote coming because investors and gamblers kidded each other on in a 'self-fuelling' prophecy. "If ever proof was needed that the financial markets just aren't that clever, this could be it," Jepsen said in a note. "We ...
Proactive Investors   |   Sat, 25 Jun 2016 11:30:00

Abbreviated Pundit Round-up: Brexit aftershocks

x been paying attention to British politics for 45 minutes or so, ask me anything.- Eli Dourado (@elidourado) June 24, 2016 Vox: Brexit, Britain's decision to leave the European Union, is one of those rare events that should chill you to your core, as it has already chilled me to ...
Greg Dworkin / Daily Kos   |   Sat, 25 Jun 2016 11:27:14

Can the EU survive Brexit?

Seeking Alpha / Seeking Alpha   |   Sat, 25 Jun 2016 11:25:42

Brexit Reveals A Deeply Divided Britain

All night, I watched the referendum results rolling in. The BBC relayed the results live, color-coding the decision on a map of the UK. Yellow for Remain, blue for Leave. As district after district announced its decision to Leave the European Union, the map slowly turned blue. As dawn broke, ...
Frances Coppola, Contributor / Forbes   |   Sat, 25 Jun 2016 11:23:00

Brexit effects on Wall Street

After the United Kingdom voted to leave the European Union and saw its currency crash, Yahoo Finance columnist, Rick Newman, talks with MSNBC's Alex Witt on how the financial fallout will affect the US economy.
MSNBC   |   Sat, 25 Jun 2016 11:22:44

Brexit will likely raise cost of clothing and food, warns Next boss

Lord Wolfson says fall in value of pound will increase sourcing costs for retailers who import goods to UK The boss of one of Britain's biggest high street retailers has signalled that clothing prices could rise next year as the impact of Brexit boosts inflation, amid warnings that food prices ...
Zoe Wood / Guardian   |   Sat, 25 Jun 2016 11:21:19

What does the Brexit vote mean for the NHS?

If we let it, 'post-truth politics' will kill our NHS. The British public has voted and Britain is to leave the EU. Just as in previous elections, the NHS was heavily invoked by both sides. So where do we go from here? Chancellor George Osborne - who'll presumably stay alongside ...
Caroline Molloy / Open Democracy   |   Sat, 25 Jun 2016 11:16:22

Tsipras blames Brexit on austerity, deficiencies in EU leadership

ATHENS, June 25 (Reuters) - Greek Prime Minister Alexis Tsipras, whose own rebellion against European Union policy brought the bloc to a crisis last year, said on Saturday he did not blame the...
Reuters   |   Sat, 25 Jun 2016 11:15:07

Britain pressured for quick EU split as Brexit impact begins

Britain was under pressure on June 25 to set out a quick timetable for a divorce from the European Union after the country's historic vote to leave the bloc sent shockwaves around the world.
Hurriyet   |   Sat, 25 Jun 2016 11:15:00

Brexit reaction: Front pages from around the world

The world's print media get their chance to react to the U.K.'s decision to quit the European Union.
CNBC   |   Sat, 25 Jun 2016 11:08:00

Is Brexit the start of a new war against globalization?

Britons may have voted for change, but what will it mean for the rest of the world? The post Is Brexit the start of a new war against globalization? appeared first on Macleans.ca .
macleans.ca / Macleans   |   Sat, 25 Jun 2016 11:05:20

A select group of hedge funds made some serious money on Brexit

The UK has voted to leave the European Union, a shock decision that sent markets crashing on Friday. For a small band of hedge funds, the decision, and its impact on the market, led to outsized returns. The gains are especially noteworthy, as many funds went in to the vote ...
Rachael Levy / Business Insider   |   Sat, 25 Jun 2016 11:04:42

Topshop tycoon Sir Philip Green loses around £365m after Brexit vote

Sam Dean / Telegraph   |   Sat, 25 Jun 2016 11:02:54

EU referendum: Young people film their reactions to Brexit

Six young voters recorded the moment they found out the EU referendum result on Friday morning.
BBC   |   Sat, 25 Jun 2016 11:01:58

What a Failure to Predict Brexit Means for the U.S.

The United Kingdom's decision to leave the European Union has set off shockwaves across the globe-and rightfully so. Betting markets, pollsters, and pundits suggested the Brits would uphold the status quo. It didn't take long before Americans started wondering what a failure to predict the Brexit could mean for the ...
Clare Foran / The Atlantic   |   Sat, 25 Jun 2016 11:01:00

10 Weekend Reads

The weekend is here! Pour yourself a mug of French Press coffee, grab a comfortable lounge seat, and get ready for our longer form weekend reads: • The 'Anti-Business' President Who's Been Good for Business (Businessweek) • Be Sure to BREXIT Any Thoughts of Rising Mortgage Rates (Miller Samuel) see ...
The Big Picture   |   Sat, 25 Jun 2016 11:00:07

No Brexit Bargains For U.S. REIT Investors

For investors flocking to safe havens of political and economic stability, Brexit now represents a diminishment of the United Kingdom's stature and role in the diversified real estate portfolio. The benefit should accrue to the United States. Dr. Sam Chandan
Brad Thomas, Contributor / Forbes   |   Sat, 25 Jun 2016 11:00:00

France says need quick start of Brexit talks, no "cat and mouse game"

BERLIN, June 25 (Reuters) - Britain must quickly trigger the Article 50 clause that allows talks to start on its exit from the European Union, French Foreign Minister Jean-Marc Ayrault said on...
Reuters   |   Sat, 25 Jun 2016 10:56:55

Could Britain actually have a second referendum on Brexit?

Camilla Turner / Telegraph   |   Sat, 25 Jun 2016 10:56:24

Brexit Vote: Berlin might be on the verge of a nervous breakdown and doesn't know it

It's logical that German Finance Minister Wolfgang Schaeuble had a plan B in his pocket for the case the majority of British people would vote in favor of Brexit. like every well-trained bureaucrat Schaeuble is much too insecure to let anything get him by surprise. The German finance minister loves ...
keeptalkinggreece / Keep Talking Greece   |   Sat, 25 Jun 2016 10:54:11

Brexit in Northern Ireland: Through the looking glass where British Unionists want 'Brits out' and Nationalists want 'Brits in'

Northern Ireland voted to Remain in the EU, and now, even Unionists are applying for Irish passports... A Republican mural in Belfast. As a remain supporter, though like many in the Green Party not uncritical of the EU (the TTIP of the iceberg being its neoliberalism and support for corporate-led ...
John Barry / Open Democracy   |   Sat, 25 Jun 2016 10:46:40

City of London could be cut off from Europe, says ECB official

London-based institutions could be stripped of 'passports' that allow them to sell services to rest of EU, says Françcois Villeroy de Galhau The European Central Bank has fanned fears that London could lose its status as Europe's financial capital after warning that the Brexit vote might sever the City's trade ...
Katie Allen / Guardian   |   Sat, 25 Jun 2016 10:37:49

Current Links

**Most-Recent Must-Reads:** * **Paul Krugman**: [Brexit: The Morning * **Felix Salmon**: [Little England Just Screwed Us * **Charlie Stross**: ["Tomorrow Belongs to * **Martin Wolf**: [Brexit: David Cameron, the Ex-Prime Minister, Took a Huge Gamble and * **Bloomberg**: **Most-Recent Links:** * **FT Alphaville**: [Brexit: the...
Grasping Reality   |   Sat, 25 Jun 2016 10:33:29

Britain's leaving the EU. What should I do with my money?

As many people around the world are trying to wrap their minds around what just happened in Britain, you may also be wondering "What does the Brexit mean for my money?"
Associated Press   |   Sat, 25 Jun 2016 10:33:00

All things Trump

What does the Brexit mean for the U.S. presidential election? June 24, 2016, 7:44 p.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll...
LA Times   |   Sat, 25 Jun 2016 10:20:00

The UK's Magna Carta moment

Britain will regain its political freedom from an European Union that is spinning out of control under the power of establishment elites.
CNBC   |   Sat, 25 Jun 2016 10:19:00

EU leaders demand immediate talks on Brexit

CNN   |   Sat, 25 Jun 2016 10:18:37

Brexit: Pulling the Signal Out of the Noise

Getting a better picture on Brexit: the underlying class and economic stresses and how that might play into what happens next.
Yves Smith / Naked Capitalism   |   Sat, 25 Jun 2016 10:17:34

Newsnight exchange with Brexit MEP Daniel Hannan

Newsnight's Evan Davis had a tense exchange with MEP Daniel Hannan over free movement.
BBC   |   Sat, 25 Jun 2016 10:14:06

After voting for Brexit, what comes next?

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 10:13:48

All things Clinton

What does the Brexit mean for the U.S. presidential election? June 24, 2016, 7:44 p.m. Donald Trump returns to the United States after his vocal response in support of the Brexit. Here's what Britain's vote to leave the EU tells us about the U.S. presidential election Bernie Sanders says he'll...
LA Times   |   Sat, 25 Jun 2016 10:10:00

EU referendum: Battle to be Brexit Prime Minister heats up as Tory MPs question Boris Johnson's leadership credentials

Michael Wilkinson / Telegraph   |   Sat, 25 Jun 2016 10:06:18

Brexit: The UK referendum, the rhetoric and the result

After an EU referendum campaign replete with racism and fear, we examine the British media's impact on the result.
Al Jazeera   |   Sat, 25 Jun 2016 10:03:18

FX Weekly Review: June 20 - June 24: Dollar Appreciates with Brexit

The dramatic reaction to the UK decision to leave the European Union has changed the technical condition in the foreign exchange market. The EUR/CHF peaked shortly before the Brexit referendum, when traders were anticipating a yes. It found its trough when the No was published. Then the SNB intervened.
George Dorgan / SNB CHF Blog   |   Sat, 25 Jun 2016 10:01:09

Property buyers eye London bargains

Currency movements create discounts in wealthiest areas but others deterred by Brexit uncertainty
FT   |   Sat, 25 Jun 2016 10:00:34

'Brexit' could halt the growth of California trade with Britain

California and its $5 billion of annual exports to Britain could be standing in harm's way if there's economic upheaval caused by Britain's vote to leave the European Union. The state is a major trading partner with England and the rest of Britain, whose vote to exit the EU -- ...
James F. Peltz and Samantha Masunaga / LA Times   |   Sat, 25 Jun 2016 10:00:00

Just how bad will Brexit be, and can it be undone?

Mediamacro love their focus on 'the markets', and this leads to talk that makes Brexit sound like a major financial crisis. It almost certainly is not that. Impact on the UK economy At the heart of Brexit is an act of self-harm to the UK's trading industry (including, and perhaps ...
Mainly Macro / Mainly Macro   |   Sat, 25 Jun 2016 09:58:00

73% of young wanted to stay in EU, the elderly didn't

A sharp age, wealth and educational divide between Remain and Leave voters has been revealed. Polling carried out for former Tory party donor Lord Ashcroft exposed deep differences between the pro and anti-Brexit camps. While 73% of voters under 25 wanted to stay in the EU, 60% of those aged ...
Times of Malta   |   Sat, 25 Jun 2016 09:49:00

Brexit live - ECB official in warning to City

Europe's political establishment reels from the referendum vote
FT   |   Sat, 25 Jun 2016 09:45:42

One of Britain's most famous hedge fund managers is bullish on Brexit

One of the UK's most famous hedge fund managers, Neil Woodford, says that Brits need to look beyond the short-term fears hitting the markets following the country's vote to leave the European Union, and focus on the long-term gains that can be made as a result of Brexit. In a ...
Will Martin / Business Insider   |   Sat, 25 Jun 2016 09:38:38

Germany Warns Of Brexit Domino Effect

Germany is warning of a Brexit domino effect as far-right leaders in France and the Netherlands demand their own EU referendums.
Sky   |   Sat, 25 Jun 2016 09:34:28

Britons brace for financial impact of Brexit

LONDON: The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they'll find out whether it will.
Bangkok Post   |   Sat, 25 Jun 2016 09:31:00

UK starts to count the cost of Brexit vote

Moody's lowers outlook for the post-vote U.K. to
CNBC   |   Sat, 25 Jun 2016 09:25:00

Homebuyers wobble in wake of Brexit vote

Some buyers have pulled out of deals, while others are attempting to renegotiate prices after UK voted to leave EU Homebuyers spooked by the UK's decision to leave the EU are pulling out of deals or attempting to renegotiate prices, according to property professionals, as the housing market suffers Brexit ...
Hilary Osborne, Patrick Collinson and Miles Brignall / Guardian   |   Sat, 25 Jun 2016 09:23:40

Hedge funds win big from Brexit bets

Crispin Odey and Marshall Wace among investors to score with short selling of UK equities
FT   |   Sat, 25 Jun 2016 09:18:00

Whether you're reeling or rejoicing, #BrexitIn5Words lets you vent

A day after Britain voted to leave the European Union, Twitter users had a chance to react concisely with the hashtag #BrexitIn5Words. Here's a sampling of responses:
Times staff / LA Times   |   Sat, 25 Jun 2016 09:17:00

Scary, Scary - Moody's Analytics Puts UK Credit Rating On Downgrade Watch Post-Brexit

This is, to those who understand what this actually means, one of the more amusing outcomes of Thursday's vote that Britain should leave the European Union. That Brexit has led Moody's Analytics to tell us that they are changing the UK's credit rating outlook from stable to negative. There are ...
Tim Worstall, Contributor / Forbes   |   Sat, 25 Jun 2016 09:14:00

Why Brexit Won't Call Time On The UK's Tech Boom

The UK votes to leave the EU and concern spreads throughout both its technology companies and the investors backing them. So went one argument made by 'Remain' advocates prior to the referendum, and not without justification. The overwhelming feeling this morning around the Silicon Roundabout and countless other British tech ...
Paul-No&#235;l Gu&#233;ly, Contributor / Forbes   |   Sat, 25 Jun 2016 09:13:00

Watch: What do you think of the Brexit vote?

The English voted out, the Scottish want in, and some Irish are calling for a border poll, but what about those who moved abroad? Times of Malta asked British and Irish in Malta (as well as some locals) what they think about the impact of Thursday's shock decision for Britain ...
Times of Malta   |   Sat, 25 Jun 2016 09:12:00

EU referendum: When no. 28 found out about Brexit

The BBC followed the Barnes family as they prepared for the EU referendum, and discovered its outcome.
BBC   |   Sat, 25 Jun 2016 09:08:16

Ross Hawkins: Is Britain ready for Brexit?

The EU has said it wants the UK to begin negotiating its exit from the European Union shortly. BBC correspondent Ross Hawkins examines whether the UK is ready for Brexit.
BBC   |   Sat, 25 Jun 2016 09:04:59

5 ways Brexit could hurt Canadian pocketbooks

We may not be headed for another global financial crisis. But financial experts warn that Brexit could affect everything from Canadian housing prices to your retirement savings.
Sophia Harris / CBC   |   Sat, 25 Jun 2016 09:00:00

Leave campaign rows back on key pledges on immigration and NHS spending

Tory MEP Daniel Hannan says Brexit voters will be 'disappointed' if they think there will now be zero immigration from EU The leave campaign has appeared to row back on key pledges made during the EU referendum campaign less than 24 hours after the UK voted for Brexit, after it ...
Ben Quinn / Guardian   |   Sat, 25 Jun 2016 08:59:47

Brexit: live coverage

Labour in disarray, Europe's establishment reacts, Scotland seeks talks with Brussels
FT   |   Sat, 25 Jun 2016 08:53:54

UPDATE 1-ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing "EU passport"

PARIS, June 25 (Reuters) - Talks on Britain leaving the European Union must be carried out quickly to limit uncertainty, ECB Governing Council member Francois Villeroy de Galhau said on Saturday,...
Reuters   |   Sat, 25 Jun 2016 08:28:05

Brexit talks must be "quick", City of London at risk of losing "EU passport"

Brexit talks must be carried out quickly to limit uncertainties, ECB Governing Council member Francois Villeroy de Galhau said today, adding the City of London financial centre was at risk of losing its prized "EU passport". Many banks based in London rely on a so-called EU that allows them to ...
Times of Malta   |   Sat, 25 Jun 2016 08:20:00

Behind the support for Brexit and Trump: Economic resentment

WASHINGTON (AP) - The United Kingdom's stunning vote to leave the European Union was driven by much of the same sentiment that fueled Donald Trump's insurgent march toward the Republican presidential nod: A rejection of economic globalization and the elites who favor it by those who feel left behind.
Associated Press   |   Sat, 25 Jun 2016 08:18:00

What happens now the UK has voted Brexit - and what is Article 50?

Matthew Holehouse / Telegraph   |   Sat, 25 Jun 2016 08:16:48

Japanese firms in U.K. face uncertainty after Brexit vote

Japanese companies operating in Britain are likely to be forced to rethink their business strategies in Europe following Britain's vote to leave the EU in a historic referendum Thursday. Business watchers say Japanese companies could move away from Britain by relocating offices or plants elsewhere, though uncertainty prevails over the ...
Japan Times   |   Sat, 25 Jun 2016 08:16:22

SNB Intervenes during Brexit Turmoil

During the Brexit turmoil on Friday, the Swiss National Bank has intervened in markets. Just after they got into the office, at 7.45 am, they started the interventions. The central bank drove the EUR/CHF price from a low of 1.0646 towards 1.08
George Dorgan / SNB CHF Blog   |   Sat, 25 Jun 2016 08:13:38

ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing "EU passport"

PARIS, June 25 (Reuters) - Brexit talks must be carried out quickly to limit uncertainties, ECB Governing Council member Francois Villeroy de Galhau said on Saturday, adding the City of London...
Reuters   |   Sat, 25 Jun 2016 08:12:50

Scotland and Northern Ireland react to Brexit vote

The prospect of a second Scottish independence referendum looms, as Sinn Fein also calls for a vote on a united Ireland.
Al Jazeera   |   Sat, 25 Jun 2016 08:07:15

Brexit wipes $2tn off markets as Moody's lowers UK credit rating outlook

Amid concerns that the EU referendum result risks sparking fresh financial crisis, Bank of England governor says it is ready to do whatever is needed Emergency meetings as EU pushes for UK to act - live The ratings agency Moody's has lowered the outlook for the UK's credit rating from ...
Larry Elliott, Katie Allen and Jill Treanor / Guardian   |   Sat, 25 Jun 2016 08:00:55

Liberal Cosmopolitans Lash Out at the Shattering of Their Worldview

If Brexit's critics are right, the European Union should be glad to be rid of the United Kingdom.In the wake of the U.K.'s decision to withdraw from the EU, the anti-Brexit crowd has leaped to explain the vote in stark terms. "The force that has been driving ['Leave' voters] is ...
National Review   |   Sat, 25 Jun 2016 08:00:41

Reflections on the Shock of Brexit

All the signs of a Brexit victory were there in the weeks leading up to Thursday's vote in Britain. The polls kept shifting but suggested a tight race, often with a small-to-medium lead for Leave. Reports from constituencies told of crowded debates in town and village halls. Major televised debates ...
The Editors / National Review   |   Sat, 25 Jun 2016 08:00:06

Brexit and the End of International Progressive Inevitability

I'm old enough to remember when history had a side. History, you see, had chosen to progress toward an international order that de-emphasized international sovereignty, elevated a bureaucratic and technocratic elite, and sought to solve international conflict through a combination of moral and economic pressure. Nations caused wars, so nationalism ...
David French / National Review   |   Sat, 25 Jun 2016 08:00:05

Brexit and Spain: Interviewed by El Diario

24/06/2016 - 20:27h Yanis Varufakis en la redacción de eldiario.es en una foto de archivo Yanis Varufakis, exministro de Finanzas de Grecia, nos atiende desde Roma en un día en el que su teléfono no para de sonar con periodistas ... Continue reading →
yanisv / Yanis Varoufakis   |   Sat, 25 Jun 2016 07:56:15

Wall Street eyes low rates, earnings after Brexit rout

By Noel Randewich and Caroline Valetkevitch (Reuters) - With markets reeling after Britain's vote to leave the European Union, some on Wall Street expect cooler heads to prevail over the next several sessions as investors focus domestically on the outlook for the U.S. economy and company earnings. The unexpected decision ...
Business Insider   |   Sat, 25 Jun 2016 07:51:56

EU's founding six call for quick Brexit

Foreign ministers make demand in Berlin as Moody's downgrades UK economic outlook
FT   |   Sat, 25 Jun 2016 07:49:31

EU founders meet to discuss Brexit

Foreign ministers of the founding six EU states are meeting in Berlin to try to revive shattered confidence in European unity, the FT reports.
CNBC   |   Sat, 25 Jun 2016 07:49:00

The Right Left for Europe: In response to leftwing Brexiters, Grexiters etc. - Project Syndicate Op-Ed

ATHENS - The United Kingdom's referendum on whether to leave the European Union created odd bedfellows - and some odder adversaries. As Tory turned mercilessly against Tory, the schism in the Conservative establishment received much attention. But a parallel (thankfully ... Continue reading →
yanisv / Yanis Varoufakis   |   Sat, 25 Jun 2016 07:46:52

For gamblers, Brexit was bigger than Royal baby

Gamblers bet over $200 million on the result of the Brexit referendum.
CNN   |   Sat, 25 Jun 2016 07:42:47

Brexit: Bigger than the royal baby

CNN   |   Sat, 25 Jun 2016 07:41:12

Brexit: What will happen to my...?

BBC News looks at some of the practical changes that follow from the UK's decision to leave the EU.
BBC   |   Sat, 25 Jun 2016 07:40:41

Brexit 'major blow' to film and TV, but no 'GoT'

The UK's exit from the EU could impact the country's film and television industries, but not on "Game of Thrones."
CNN   |   Sat, 25 Jun 2016 07:38:02

Brexit, shmexit! These stocks are up

Read full story for latest details.
CNN   |   Sat, 25 Jun 2016 07:37:40

Brexit: A Cousin of Trumpism? A Distant Cousin of Fascism?

June 24, 2016: I spoke to my friend in Britain this morning. Still absorbing the shock that her nation had voted itself out of Europe, she said, "Today I live in a different country." I recognized the sentiment. It was widespread in this country, the USA, in the wake of ...
The Berkeley Blog   |   Sat, 25 Jun 2016 07:36:35

Brexit won't shield Britain from the horror of a disintegrating EU

Bringing democrats together across borders is needed now to prevent a slide into a xenophobic, 1930s-like abyss Click here for The Guardian site or... Yanis Varoufakis Leave won because too many British voters identified the EU with authoritarianism, irrationality and ... Continue reading →
yanisv / Yanis Varoufakis   |   Sat, 25 Jun 2016 07:35:33

Diplomats from EU's founding 6 meet in Berlin to talk Brexit

Top diplomats from the original six founding nations of the European Union are meeting in Berlin for hastily arranged talks following Britain's landmark vote to leave the bloc
U.S. News   |   Sat, 25 Jun 2016 07:30:45

'Good luck' - how the world's newspapers reacted to Brexit on Saturday morning

Our Foreign Staff / Telegraph   |   Sat, 25 Jun 2016 07:25:29

How Remain camp could have avoided defeat

The 11 mistakes that led to the Brexit vote
FT   |   Sat, 25 Jun 2016 07:21:55

Brexit roundup - 24 hours in 2 minutes

From the closing of the polls to the warning of a possible second Scottish referendum.
BBC   |   Sat, 25 Jun 2016 07:21:25

Abe expresses concern over Brexit-related currency fluctuations at election debate

Prime Minister Shinzo Abe said Friday Japan will take "every measure" to ensure stability in global financial markets following Britain's vote to exit from the European Union. Abe made the comments in a TV debate where he faced off against the leaders of seven other major parties taking part in ...
Reiji Yoshida / Japan Times   |   Sat, 25 Jun 2016 07:19:27

Brexit 'not a game changer' for commodities

The drop in prices for industrial commodities like oil and copper - down 5% and 3% respectively this morning - are not expected to last, not according to Capital Economics. Julian Jessop, Capital Economics head of commodities research, in a note said: "these moves are already starting to unwind. "Once ...
Proactive Investors   |   Sat, 25 Jun 2016 07:15:00

Serious Confusion at WaPo on Brexit Consequences and Austerity

The Washington Post once again got in over its head as it tried to sort out the consequences of the UK's exit from the EU. In article on the implications for the rest of the European Union it told readers: "A strain of fear is already running through the German ...
Dean Baker / CEPR   |   Sat, 25 Jun 2016 07:14:17

How Will Brexit Affect UK Nuclear Energy? Variety Of Views

When the dust has had a chance to settle, effects of the UK voter decision to leave the EU on the UK nuclear energy and climate change mitigation programs will become evident. In the meantime, bloggers and other observers will continue to do what they do, which is to offer ...
Rod Adams, Contributor / Forbes   |   Sat, 25 Jun 2016 07:09:00

Bursting Bubbles and the Fallout from Brexit

Neil Irwin had an Upshot piece trying to work through some of the fallout from the vote to leave the European Union. It is worth elaborating on a couple of the points in this piece. First, Irwin seems to give financial markets undue credit in having a clue. He argues ...
Dean Baker / CEPR   |   Sat, 25 Jun 2016 07:02:29

Could Brexit vote be a preview of U.S. presidential race?

Britain's stunning vote to leave the European Union, buoyed by a frenzy of nationalism and populist anger, was a crushing rejection of the political elite. Republican Donald Trump hopes it is also a preview of November's U.S. presidential election. The referendum result reverberated immediately in a U.S. presidential campaign dominated ...
Japan Times   |   Sat, 25 Jun 2016 07:01:11

'Brexit' spurs right-wing calls for other nations to exit the EU

Populist leaders in France, Netherlands Germany seek own referendums to leave EU.
USA Today   |   Sat, 25 Jun 2016 06:57:25

Brexit Rattles Emerging Market Stocks

Brexit Rattles Emerging Market Stocks The prospect for slower global growth and more protectionism should give pause to emerging market investors.Brexit Rattles Emerging Market StocksBy Dimitra DeFotis The prospect for slower global growth and more protectionism should give pause to emerging market investors.
Barrons   |   Sat, 25 Jun 2016 04:24:27

Indian Outsourcers Vulnerable After Brexit Result

Indian outsourcers may be hit harder than any other of the country's businesses after the U.K. voted to leave the European Union.
WSJ   |   Fri, 24 Jun 2016 23:30:08

Global reaction pours in over 'Brexit' vote

U.K. broadcasters predict Britain voted to leave the 28-nation European Union in a historic referendum.
USA Today   |   Fri, 24 Jun 2016 05:11:01

'Brexit' Expected to Rattle U.S. Economy, Shake Its Influence

Britain's exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.
WSJ   |   Fri, 24 Jun 2016 04:07:59

What would 'Brexit' mean for you

CNN   |   Fri, 24 Jun 2016 04:04:59

Brexit uncertainty is creating emerging markets opportunities

EM assets have suffered sharp swings amid uncertainty over the Brexit vote, but a leave outcome could shine a new light on the sector.
CNBC   |   Fri, 24 Jun 2016 00:20:00

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

photo: Rareclass The UK's EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. On June 23, the UK will have its referendum on the European Union (EU) and the Brits will decide whether they should ...
Dan Steinbock / EconoMonitor   |   Wed, 22 Jun 2016 15:15:02

Brexit News Archive: 27 Jun 2016     |     enquire