Brexit News Archive: 03 Jul 2016

Apple Inc. (AAPL) And The Casualty List

Apple Inc. (NASDAQ:AAPL) And The Casualty List by John Dorfman, Dorfman Value Investments Thank you, Brexit. The decision of the United Kingdom to leave the European Union shook up stock markets worldwide, creating some bargains. Buying stocks that are smacked [...]
Value Walk   |   Sun, 31 Jul 2016 20:38:57

Banks seek clarification on ringfencing

Banks fear Brexit will undermine work on hiving off retail operations
FT   |   Sun, 31 Jul 2016 17:50:54

Leon Cooperman published an epic 48-page note to investors explaining why everything is fine

Leon Cooperman's Omega Advisors released a 48-page investment outlook last week. And for all the fiddling over post-Brexit markets and the risks of a Chinese currency devaluation, Omega doesn't think there's much to worry about, according to the note, which was co-written by Omega's vice chairman, Steve Einhorn. The bulk ...
Business Insider   |   Sun, 31 Jul 2016 12:15:00

RPT-INSIGHT-Iran's global banking problems deepen with rise of Trump, Brexit

LONDON/ANKARA, July 29 (Reuters) - Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already...
Reuters   |   Sun, 31 Jul 2016 10:04:54

Sunday Selection

BEST OF SEEN ELSEWHERE Leftism and trivia are ruining the Telegraph, Niall McCrae Missing, presumed lost: Andy Burnham's spine, Asa Bennett Lessons on democracy from Brexit, Leopold Traugott Look to Jurassic Park for Labour's future, Chris Everett Terror is the new normal for Germany and France, Douglas Murray Stop blaming ...
Guy Fawkes' blog   |   Sun, 31 Jul 2016 10:00:45

If you're a Leave voter, you're about to get exactly what you asked for

There has been a pronounced tone-change among UK economics analysts since the EU Referendum: They are in unanimous agreement that the UK will sink into recession in the second half of this year. They disagree only on the details and depth. Call it the Silence of the Bulls: no one ...
Business Insider   |   Sun, 31 Jul 2016 09:52:00

Seven Salient Left Tail Scenarios

Seven Salient Left Tail Scenarios by Jamil Baz, PIMCO In the wake of Brexit, eight years after the onset of the great financial crisis, now seems an apt moment to reassess a few economic themes. At PIMCO we do not [...]
Value Walk   |   Sat, 30 Jul 2016 22:02:45

Most Shared Story of the Week

Guido's most shared story last week on social media was Friday's research-based compilation of all the countries where officials have indicated an interest in doing a trade deal with post-Brexit Britain. As well as the thousands of shares on Facebook and Twitter it was shared with readers of the Daily ...
Guy Fawkes' blog   |   Sat, 30 Jul 2016 18:40:30

One-Edged Sword

Things are seldom what they seem, Skim milk masquerades as cream; Highlows pass as patent leathers; Jackdaws strut in peacock's feathers. - H.M.S. Pinafore It turns out the Brexit was just about the worst thing that could have happened to the bears. On the night it happened, I was ecstatic. ...
Tim Knight   |   Sat, 30 Jul 2016 13:41:58

The UK politics podcast

Brexit abroad and Hinkley Point
FT   |   Sat, 30 Jul 2016 08:30:51

Brexit Hits Consumer Confidence In UK - But How Long Will It Last?

As with when we looked at the Markit PMI numbers last week Brexit seems to be hitting economic confidence quite badly. And yes, we do have to take economic confidence seriously for as Keynes pointed out the future of the economy does indeed depend, in part, on those "animal spirits". ...
Tim Worstall, Contributor / Forbes   |   Fri, 29 Jul 2016 09:52:00

Post-Brexit, London's Financial Center Has English Law on Its Side

ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesPost-Brexit, London's Financial Center Has English Law on Its Side In its battle to keep financial institutions in London, Britain has an overlooked ally: English law.Post-Brexit, City of London Has English Law on Its Side In its ...
WSJ   |   Fri, 29 Jul 2016 03:16:25

What to watch for at the ECB meeting

Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT   |   Thu, 21 Jul 2016 04:32:10

IMF cuts UK growth forecasts following Brexit vote

Predictions revised down from April as IMF says EU referendum result has 'thrown a spanner in the works' of global recovery The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy's short-term prospects ...
Larry Elliott Economics editor / Guardian   |   Tue, 19 Jul 2016 23:10:15

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 EU will not just affect where business ...
Business Insider   |   Sun, 3 Jul 2016 20:46:00

UK offered hope on freedom of movement

French presidential frontrunner seeks quick Brexit 'divorce'
FT   |   Sun, 3 Jul 2016 20:03:03

The revolt

July's usually a yawner. Not this time. On the heels of Brexit comes the ascent of Trump, the wounding of Clinton, more hurt from the ISIS nutjobs and, weirdly, Scottish independence. In two weeks American Republicans gather in Cleveland for a convention that could be the most troubling since the ...
Greater Fool   |   Sun, 3 Jul 2016 19:21:01

Brammer lets genie out of the bottle

Company is at Brexit's sharp end but it cannot blame all of its travails on vote to leave the EU
FT   |   Sun, 3 Jul 2016 19:19:20

Steen Jakobsen Exposes The Policymakers' "Comical Ali" Strategy

Submitted by Steen Jakobsen, CIO & Chief Economist Saxo Bank, via TradingFloor.com, Brexit could accelerate process of much-needed reform Macro policymakers including central banks will try to maintain status quo Policymakers have become equivalent of Iraqi minister comical Ali The reluctance to accept what is happening will be there undoing ...
Zero Hedge   |   Sun, 3 Jul 2016 19:15:00

And now Italy

Europe's attention may be focused on Brexit, but it's worth keeping an eye on what may be the next crisis - Italy.Italy has been in a bad way for a long time now. In an article for the Daily Telegraph written in May, Ambrose Evans-Pritchard sketched out the background:The story ...
National Review   |   Sun, 3 Jul 2016 18:05:26

'Muscular approach on equality' promised

Bitter debate on Brexit cannot be allowed to derail progress to a fairer Britain, says David Isaac
FT   |   Sun, 3 Jul 2016 17:08:32

London FTSE Stock Market Breakout? Watch This Setup!

There's been a lot of chatter about the UK vote to leave the EU (Brexit). Most of the talk last week was negative as the British Pound cratered. However, that... The post London FTSE Stock Market Breakout? Watch This Setup! appeared first on See It Market .
See It Market   |   Sun, 3 Jul 2016 16:36:10

Samantha Bee is going where Jon Stewart and John Oliver never did

Here's how she's breaking the mold that Stewart set up and Oliver perfected 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 week for June 26 ...
Vox   |   Sun, 3 Jul 2016 16:00:03

If No Article 50 Soon, What are the Fundamental Drivers?

There have been two developments that are shaping investment climate. The first was the dramatic rally in equity markets last week, with many recovering nearly all that was lost on the Brexit wobble. The second was clear indications that the UK will not begin the formal divorce proceedings in the ...
Marc to Market   |   Sun, 3 Jul 2016 14:57:13

In this post-Brexit vacuum, Mark Carney can't save the UK economy alone

Here Is The City   |   Sun, 3 Jul 2016 14:56:25

CITI: 'The single biggest risk on the European political landscape' this year is not Brexit

The "single biggest risk on the European political landscape" is happening this year, and it is not Britain leaving the European Union, say analysts at Citi. Tina Fordham and her team at Citi told clients in a note, entitled "Global Economics View: Who's Next? EU Political Risks After The Brexit ...
Lianna Brinded / Business Insider   |   Sun, 3 Jul 2016 14:54:59

Brexit, Trump signs of rising inequality?

MSNBC's Chris Hayes joins Joy Reid to discuss the worldwide struggle between the elites and working class and the driving forces behind Brexit and the rise of Donald Trump.
MSNBC   |   Sun, 3 Jul 2016 14:48:53

Krugman on Brexit and the Decline of Intellectual Standards

P. Krugman correctly notes: I worry that the urge to condemn it [Brexit]has led to a lowering of intellectual standards. And let me also say that the narrative of disaster is coloring some (not all) financial reporting. On the whole, the market reaction looks pretty muted to me. It's not ...
Robert Wenzel / Economic Policy Journal   |   Sun, 3 Jul 2016 14:46:00

My 150 on BREXIT: Lies

"If you're sold and pay for something that is manifestly not as claimed then the deal is invalid." In all the turmoil what I keep on coming back to is the lies that were presented as a basis for the Leave campaign. My point is that in law there is ...
Jon Savage / Open Democracy   |   Sun, 3 Jul 2016 14:43:20

Brexit vote calls for stable monetary policy

We should put QE on hold until we have clear economic data, writes Andrew Sentance
FT   |   Sun, 3 Jul 2016 14:40:40

Credit Suisse CEO blames Brexit on low UK education spending

AIX-EN-PROVENCE, France (Reuters) - Britain is paying the price for a high level of inequality and a chronic lack of investment in education which have prompted a disillusioned population to vote to leave the European Union, Credit Suisse Chief Executive Tidjane Thiam said on Sunday. Britain voted in a referendum ...
Business Insider   |   Sun, 3 Jul 2016 14:38:06

My 350 on BREXIT: But Rome wasn't built in a day

"I fear for my generation, a whole generation put out in the mud mainly due to the bigotry on one side and the scorn on the other." On June 27, the Euro Game said Bye bye to England. Apart from being a tremendous surprise in the football world, the defeat ...
Laure Claudon / Open Democracy   |   Sun, 3 Jul 2016 14:36:54

Angela Merkel 'to oust Jean-Claude Juncker' as Europe splits deepen over Brexit response

Peter Foster / Telegraph   |   Sun, 3 Jul 2016 14:33:08

Tax haven route won't work for post-Brexit UK, OECD says

By Tom Bergin LONDON (Reuters) - The United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union, according to an internal memo prepared by the body responsible for the drafting international tax rules. The head of tax at the ...
Business Insider   |   Sun, 3 Jul 2016 14:29:34

My 350 on BREXIT: 'Us' versus 'them'

"Many in the UK feel totally disenfranchised by the entire political establishment. By not noticing this, the 'remain' camp went horribly wrong." The wave of emotional outrage and hatred triggered by the vote to leave the EU reveals that there is an issue of identity at play. The referendum was ...
Amanda Machin / Open Democracy   |   Sun, 3 Jul 2016 14:20:03

Brexit Ship Appears to Have Sailed, But May Take Years to Reach Destination

Note: This article is courtesy of Iris.xyz By Alliance Berstein Few observers really believed that the UK would vote to exit the European Union. Now that the leave campaign has won, the Brexit ship appears to have sailed-but it may take years to reach its destination. In Thursday's referendum, the ...
Iris.xyz / ETF Trends   |   Sun, 3 Jul 2016 14:00:10

'I'll handle Putin with steel'

Michael Gove says only a Brexiteer has the moral authority to become British prime minister.
Austrailian   |   Sun, 3 Jul 2016 14:00:00

Will The Second Half Be Big For Stocks?

On Thursday we wrapped up the first half of 2016. Today we want to step back and take a look at how markets fared in the face of a lot of threats, if not chaos. Even after Brexit, an early year correction surrounding the oil price bust, and an indecisive ...
Bryan Rich, Contributor / Forbes   |   Sun, 3 Jul 2016 13:52:00

Top 3 Earnings Reports For the Coming Week

After the fallout and tentative recovery from the Brexit, the markets have not necessarily set a new direction. The coming week is a shortened trading week with the July 4th holiday and as a result... PEP 247chrislange
24/7 Wall St.   |   Sun, 3 Jul 2016 13:38:06

Global economy firm as Brexit shock hits

Direct trade effects will be moderate in the rest of the EU and almost negligible in the US and Asia
FT   |   Sun, 3 Jul 2016 13:37:38

4 Companies That Destroyed Shareholders Despite a Brexit Recovery

Despite Brexit absolutely rocking the market over a week ago, the broad markets made a solid comeback leading most people to believe that this was just one big head fake. Some companies made runs in... GALE 247chrislange hammered
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 13:35:29

13 Large U.S. Companies With Little Or No Brexit & Europe Woes

OK, so we all know now that Britain voted to leave the European Union. All the polls told you not to worry about that happening, but then it happened. The dollar surged, stocks in Britain and Europe... AEP AWK CBS CHTR CMG DG GOV HR KR LUV MO SNH T ...
Jon C. Ogg / 24/7 Wall St.   |   Sun, 3 Jul 2016 13:31:27

Global economy firm as Brexit shock hits

This month's regular report from the Fulcrum nowcast models comes just before Brexit has had time to impact global activity indicators. There is no doubt that Brexit will adversely impact the growth in aggregate global demand as a result of the rise in policy uncertainty, but so far the downgrades ...
Gavyn Davies / Gavyn Davies   |   Sun, 3 Jul 2016 13:10:25

Brexit making UK tourism cheaper

Airline and hotel operators are not letting this crisis go to waste, an expert tells CNBC's "On the Money."
CNBC   |   Sun, 3 Jul 2016 13:03:00

How Brexit Already Affects Americans Traveling To Britain -- & Europe

Quick trip to London anyone?
Lea Lane, Contributor / Forbes   |   Sun, 3 Jul 2016 12:57:00

My 350 on BREXIT: Liberal nationalism gives advance notice of its fascist form

"As democracy loses either way, it is to be hoped Brexit can be buried in technical unwieldiness to keep at least as large a playing field as possible." This was a plebiscite against freedom of movement, the most fundamental proletarian demand throughout known history: if we are not even able ...
Marcel Stoetzler / Open Democracy   |   Sun, 3 Jul 2016 12:54:13

The Brexit Fallout And Barclays

Seeking Alpha   |   Sun, 3 Jul 2016 12:53:43

Slide in asset managers sparks job fears

UK-listed Henderson and Jupiter among the hardest hit after Brexit vote
FT   |   Sun, 3 Jul 2016 12:53:20

After Brexit, This Will Be Next

You have probably already read dozens of articles and op-ed's about the Brexit vote and its impact on the political landscape in Europe. The markets completely crashed 'the day after' but quickly regained their composure and the losses of 5-8% at the opening bell were quickly erased. Source: Stockcharts.com Now, ...
Secular Investor / Zero Hedge   |   Sun, 3 Jul 2016 12:48:17

Tony Blair: 'Let's keep our Brexit options open'

Former prime minister Tony Blair has told R4's The World This Weekend that the UK should keep its Brexit options open.
BBC   |   Sun, 3 Jul 2016 12:36:34

Tom Friedman on Brexit and Trump, by David Henderson

In the previous post on Tom Friedman , I neglected to mention that hours earlier he had flown in to San Francisco from Europe. That meant that he was likely in the air when the Brexit results came in. He led off with a good laugh line: Did anything interesting ...
EconLog   |   Sun, 3 Jul 2016 12:35:31

Gold prices aren't going to stay this high

Gold has taken off in the past week as part of the post-Brexit "safe haven" rally. The precious metal jumped as much as 7% the day after the UK voted to leave the European Union and has stayed elevated since. This rally, however, isn't to be trusted, according to John ...
Money Game   |   Sun, 3 Jul 2016 12:33:00

Druckenmiller, Soros, Spitznagel, Gross Warn Of Crisis

By the Independent Trader Brexit referendum pushed financial markets into turmoil. Even if this is only the beginning of tough times the main reason behind this is definitely not the result of the UK referendum. What we see today is [...]
Value Walk   |   Sun, 3 Jul 2016 12:10:19

Recent Brexit vote makes prospect of a united Ireland suddenly thinkable

Protestant unionists are queuing for Irish passports in Belfast and once quiet Catholic nationalists are openly campaigning for a united Ireland, signs of deep shifts in the United Kingdom's most troubled province since Britons on June 23 voted to leave the EU. Eighteen years after a peace deal ended decades ...
Japan Times   |   Sun, 3 Jul 2016 12:06:18

Brexit Will Fail... For [at least] Ten Reasons

Note: This article is courtesy of Iris.xyz By Keith Williams British PM David Cameron's spectacularly ill-conceived referendum on EU membership is highly unlikely to lead to actual Brexit. Here are ten reasons why: 1) The terms of the referendum were incorrect, from inception. Foremost, simple majority is far too small ...
Iris.xyz / ETF Trends   |   Sun, 3 Jul 2016 12:00:01

Xenophobia reigns on both sides of the pond over immigration

To the editor: I share the surprise of most of the world that the British voted to leave the European Union. (Re "When is a boycott not a boycott," Editorial, June 27, and "Britain's migrant debate preceded 'Brexit,' '' June 30, and "A great divide," July 1) In fact, I ...
LA Times   |   Sun, 3 Jul 2016 12:00:00

PICTURES: Protesters flooded central London in defiance of the Brexit vote

Britain voted to leave the European Union on June 23 but thousands of people marched across the capital on Saturday to protest against the result. The "March for Europe" rally was organised on social media and quickly turned into a massive demonstration that washed through London's political heartland of Westminster. ...
Business Insider   |   Sun, 3 Jul 2016 11:58:06

United States

By Signe Wilkinson Related Entries July 3, 2016 Brexit Exit June 30, 2016 The What About X Committee (Video)
truthdig   |   Sun, 3 Jul 2016 11:52:31

Germany's Schaeuble says post-Brexit EU must focus on issues, not lofty visions

After the Brexit shock, the EU must put lofty visions on hold and quickly resolve pressing issues to regain people's trust, German Finance Minister Wolfgang Schaeuble warned Sunday. Rather than debate EU treaty change or institutional reforms, the bloc must make speedy progress on the refugee crisis, youth unemployment and ...
Japan Times   |   Sun, 3 Jul 2016 11:48:37

How Major Pharma Is Faring After the Brexit

The broad markets are recovering in the wake of the Brexit and it really appears to be one big head fake. We are also realizing that the Brexit was a great opportunity to buy into the markets and... ABBV BMY MRK PFE TEVA 247chrislange Prescription drugs
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 11:38:53

Brexit Exit

By Nick Anderson Related Entries June 30, 2016 Rights Groups Urge U.N. to Boot Saudi Arabia From Human Rights Council June 30, 2016 The What About X Committee (Video)
truthdig   |   Sun, 3 Jul 2016 11:35:32

Tony Blair: UK should keep Brexit options open

Former prime minister Tony Blair says "we should keep our options open" on the UK leaving the European Union.
BBC   |   Sun, 3 Jul 2016 11:09:43

How Major Gold Stocks Are Responding to the Brexit

Gold has been on an absolute tear in 2016, especially considering the currency fears that many had going into the Brexit vote. Now more than ever investors were looking to hedge their portfolios with... ABX GG NEM 247chrislange lots of gold
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 10:43:36

In this post-Brexit vacuum, Mark Carney can't save the UK economy alone

Businesses and households have a long list of questions, including: what kind of tax and spending policies are to come? With Westminster in chaos, it has fallen to the governor of the Bank of England to calm markets, households and businesses in the wake of the Brexit vote. Mark Carney ...
Katie Allen / Guardian   |   Sun, 3 Jul 2016 10:38:56

The Top 5 Performing Dow Stocks Coming Out of the Brexit

Looking at what was a brief but massive fallout within broad markets, we are realizing that the Brexit provided a very attractive entry point into a fair number of industries. The Dow Jones... GE JNJ NKE TRV XOM 247chrislange Dow
247chrislange / 24/7 Wall St.   |   Sun, 3 Jul 2016 10:30:19

Opportunity or disaster? Small firms describe the impact of the Brexit vote

The vote to leave the EU has struck a mighty blow to many small businesses, but others say it has opened up opportunities. They share their stories 'It's devastating for us as a small business and I am not sure if we can survive it' "I run a small communications ...
Suzanne Bearne and Helen Lock / Guardian   |   Sun, 3 Jul 2016 10:01:55

Andrea's "Journey" From Remainer to Brexiteer

Andrea Leadsom's first test in a major one-on-one interview was bumpy - she admitted she used to be a Remainer, wouldn't rule out giving Farage a job and was unprepared for questions about her taxes. In 2013 she said "I'm going to nail my colours to the mast here. I ...
Guy Fawkes' blog   |   Sun, 3 Jul 2016 10:01:40

Sunday Selection

BEST OF SEEN ELSEWHERE The Beeb is on a mission to destroy the Brexit vote, David Keighley The Brexit divide wasn't between young and old, but Ponces and Non-Ponces, Julie Burchill Jeremy Corbyn is neither nice nor decent - he is a nasty bully and an embarrassment to the country, ...
Guy Fawkes' blog   |   Sun, 3 Jul 2016 10:00:19

The foreseeable future of the economy has nothing to do with the economy

Over the past couple of weeks the world economy has been captivated by the UK's vote to leave the European Union. The Brexit was named as the culprit of global stock markets rise, fall, and rise. It wreaked havoc on currencies. By all appearances, it was the reason for the ...
Business Insider   |   Sun, 3 Jul 2016 10:00:00

The secret to fixing the gig economy: The Knights of Columbus

Have you noticed the West is in the throes of a full-blown populist uprising? Whether it's Brexit, left-wing movements in the Mediterranean, the establishment parties booted from the presidential runoff in Austria, the rise of France's Marine Le Pen, or, of course, America's own Donald Trump, populism is surging. This ...
The Week   |   Sun, 3 Jul 2016 09:55:02

Stop badmouthing Malta, Joseph Muscat tells Simon Busuttil

The Opposition leader should stop badmouthing Malta if he really wanted to work with the government in the wake of the Brexit vote, Prime Minister Joseph Muscat said this morning. Simon Busuttil last month extended a "hand of cooperation" to the government to help navigate Britain's departure from the EU. ...
Jacob Borg / Times of Malta   |   Sun, 3 Jul 2016 09:48:00

London's City Financial Markets, EU Passports And Brexit Threats

The Governor of the Bank of France, along with all too many other policy makers, really just has not understood the issue of European Union passports for financial services, the implications of Brexit and so on. The real underlying point here being that the passport issue is of importance to ...
Tim Worstall, Contributor / Forbes   |   Sun, 3 Jul 2016 09:44:00

Deutsche Bahn boss fears Brexit will cause delays, hurt business

BERLIN (Reuters) - The chief executive of state-owned German rail operator Deutsche Bahn [DBN.UL] said a British exit from the European Union would hit business as demand in Britain would fall and there could be delays for train services. "Today you can travel from Germany or Poland to England via ...
Business Insider   |   Sun, 3 Jul 2016 09:25:30

Brexit - pursued by a bear?

Among the main points of FT analysis on the vote, John Plender warns of a global bear market
FT   |   Sun, 3 Jul 2016 09:06:54

Open your ears for Brexit catchphrases

While Britain tries to get its house in order after the Brexit vote, politicians in Europe grapple with the political and economic fallout. Brexit has conditioned the discourse across Europe for the past week and as what happens in every crisis the EU has faced, the issue comes with its ...
Kurt Sansone / Times of Malta   |   Sun, 3 Jul 2016 09:06:00

Asset managers retreat from London

Brexit threatens UK's position as world's second-largest fund management centre
FT   |   Sun, 3 Jul 2016 09:02:01

'Brexit is dreadful for the UK'

Green MEP Sven Giegold warns there is no chance of a privileged deal for the City of London
FT   |   Sun, 3 Jul 2016 09:01:41

RPT-London bankers face Brexit choice: lobby or leave

LONDON, July 1 (Reuters) - A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby...
Reuters   |   Sun, 3 Jul 2016 08:55:44

Gold, Silver Best Performing Assets In H1, 2016 - Up 26% and 38%

Gold, Silver Best Performing Assets In H1, 2016 - Up 26% and 38% Gold and silver are the best performing assets in H1, 2016 and saw gains of 26% and 38% respectively. They were the best performing assets prior to Brexit and they are the best performing assets since Brexit. ...
Zero Hedge   |   Sun, 3 Jul 2016 08:39:17

Carney in a battle to head off a post-Brexit recession

My regular column is available to subscribers on This is an excerpt. What an extraordinary time it has been. During the worst of the global financial crisis I wrote that we had 10 years of big economic and...
David Smith / David Smith   |   Sun, 3 Jul 2016 08:33:27

Brexit and the Football Euro Cup - Chaos in the Making?

What have Brexit and England in the 2016 UEFA Euro Cup in common? Defeat for some, happiness for others. What have David Cameron and Roy Hodgson in common? A sad resignation for some, the beginning of a new era for others. Having a crucial referendum and an important football match ...
globaleurope / Ideas on Europe   |   Sun, 3 Jul 2016 08:29:44

Timmy elsewhere

0.01% Of British Population March In London Against Brexit read more
Tim Worstall   |   Sun, 3 Jul 2016 08:23:58

Barclays' investment bank staff tell us why they are not freaking out about the Brexit vote

Britain's vote to leave the European Union is freaking out the City of London as many fear that a jobs exodus in the capital's financial sector is on the way. But staff at Barclays told Business Insider that actually they are really positive about the future and CEO Jes Staley ...
Lianna Brinded / Business Insider   |   Sun, 3 Jul 2016 08:08:38

Britain's upstart banks face a bumpy ride through Brexit fall-out

By Sinead Cruise and Lawrence White LONDON (Reuters) - Facing the prospect of their first UK recession, Britain's small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood. The promises of the so-called challenger banks, many just a ...
Business Insider   |   Sun, 3 Jul 2016 08:05:01

Britain's upstart banks face a bumpy ride through Brexit fall-out

LONDON, July 3- Facing the prospect of their first UK recession, Britain's small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood. The promises of the so-called challenger banks, many just a few years old, to improve customer ...
CNBC   |   Sun, 3 Jul 2016 08:00:00

Interest-rate threat from Bank of England makes future look tough for banks

When Mark Carney put a rocket under the FTSE 100 on Thursday with his pronouncement that interest rates were likely to be cut to tackle the economic fallout from Brexit, there was one sector of the stock market that remained in the doldrums.
Here Is The City   |   Sun, 3 Jul 2016 07:31:54

The French PM is already wooing Brexit-battered City firms

France is already thinking about how to nab the City's best bankers after Britain voted to leave the European Union.
Here Is The City   |   Sun, 3 Jul 2016 07:22:28

London stock exchange shareholders vote on merger deal under Brexit cloud

By Huw Jones and Andreas Kröner LONDON/FRANKFURT (Reuters) - Shareholders of the London Stock Exchange will vote on Monday on whether to back a $27 billion merger with Deutsche Boerse, even though the deal may have to be tweaked following Britain's decision to leave the European Union. The two exchanges ...
Business Insider   |   Sun, 3 Jul 2016 07:19:11

Links for 07-03-16

More on the Short-Run Macroeconomics of Brexit - Paul Krugman Paul Krugman on Brexit and falling investment - Marginal Revolution Mortality inequality: The good news from a county-level approach - VoxEU Housing Tenure Choice as an Explanation for the Price...
Economist's View   |   Sun, 3 Jul 2016 07:06:00

Paul Krugman on Brexit and falling investment

I think there is a pretty simple story here. Brexit increases uncertainty, both in the mean-preserving sense, and in the "very bad outcomes are now more likely" sense, and that lowers investment. That in turns shifts back the aggregate demand and aggregate supply curves, and a recession may result. Less ...
Tyler Cowen / Marginal Revolution   |   Sun, 3 Jul 2016 06:58:06

Get yer ya yas out for Europe

A Cambridge academic walked in naked at a meeting at the Faculty of Economics in protest against the results of the EU referendum. Victoria Bateman had written on her breasts and stomach 'Brexit leaves Britain naked'. Being a Cambridge academic ... read more
Tim Worstall / Tim Worstall   |   Sun, 3 Jul 2016 06:45:04

HSBC: The pound is stuck in 'Limbo Land'

The next move for the pound is completely uncertain, and the currency is currently stuck in "Limbo Land" following the UK's vote to leave the European Union in June. So says HSBC strategist David Bloom and his team in the bank's weekly note about Britain's currency. Essentially, no one at ...
Will Martin / Business Insider   |   Sun, 3 Jul 2016 06:45:00

The Leave campaign was toxic - but 43 years of embarrassed pro-Europeanism paved the way for Brexit

Yes, the Leave campaign was dishonest and some have argued criminally irresponsible; but are British pro-Europeans blameless, asks Eunice Goes? Political parties have for years avoided any discussion on the positive aspects of the EU, they rarely explained how the UK benefits from EU investment, all while the Eurosceptic press ...
Blog Admin / British Politics and Policy at LSE   |   Sun, 3 Jul 2016 06:00:27

How bad can Brexit be if it has made bankers think about inequality?

Investment managers in Europe and the US see the Leave vote for the howl of frustration it was, but what really worries them is what assets will be affected Thomas Piketty's book Capital thrust inequality to centre stage in the socio-economic debate. And Brexit has dome something even more remarkable ...
Guardian Staff / Guardian   |   Sun, 3 Jul 2016 06:00:07

We must hear how Tory hopefuls will run the country - not just Brexit

Telegraph View / Telegraph   |   Sun, 3 Jul 2016 06:00:00

Brexit keeps European IPO market on hold

Number of European listings in first half has fallen from 170 to 112 year-on-year
FT   |   Sun, 3 Jul 2016 05:29:31

After Brexit Sell-Off, European Banks Are Even Cheaper

Seeking Alpha   |   Sun, 3 Jul 2016 05:10:47

A soft or hard Brexit?

Bond market rally, bargain hunting in equities, renminbi weakness and US jobs data loom
FT   |   Sun, 3 Jul 2016 04:42:35

Tory leadership: Gove and Leadsom say Brexit backer should be PM

Michael Gove and Andrea Leadsom emphasise the need for the next prime minister to have backed Leave as they make pitches to become the next Conservative leader.
BBC   |   Sun, 3 Jul 2016 03:12:38

EU Marriage Ends in Messy Brexit Divorce

This article is an excerpt from a previously released Sidoxia Capital Management complimentary newsletter (July 1, 2016). Subscribe on the right side of the page for the complete text. What Just Happened? Breakups are never easy, especially when they come as [...]
Investing Caffeine / Value Walk   |   Sun, 3 Jul 2016 03:01:09

4 Winners to Emerge from Brexit

This week my friend John Mauldin, chairman of Mauldin Economics, released a special Brexit edition of his popular investments newsletter Outside the Box. In it he shared a post written by geopolitical strategist George Friedman that describes a recent meeting [...]
Frank Holmes / Value Walk   |   Sun, 3 Jul 2016 02:23:42

The Original Brexit

Happy Birthday, America!
Eddy Elfenbein / Eddy Elfenbein   |   Sun, 3 Jul 2016 02:03:45

America Should Exit From NATO & The National Security State

Submitted by Jacob Hornberger via The Future of Freedom Foundation, In its reporting on Brexit, the New York Times asks an interesting question: "Is the post-1945 order imposed on the world by the United States and its allies unraveling, too?" Hopefully, it will mean the unraveling of two of the ...
Zero Hedge   |   Sun, 3 Jul 2016 01:15:00

Bee Wilson hits the BREXIT rock bottom

OK people. This has got to be the absolute worst of all apocalyptic BREXIT punditry.Here is the line that set my toes on fire:"For the first time since the Second World War, Britain's ability to feed itself is in of all, exiting the EU doesn't force the UK to put ...
Angus / Kids Prefer Cheese   |   Sun, 3 Jul 2016 00:16:00

"Our Monetary Humpty-Dumpty Is Heading For A Great Fall" - Teetering On The Eccles Building Wall

Submitted by David Stockman via Contra Corner blog, The Eccles Building trotted out Vice-Chairman Stanley Fischer yesterday morning. Apparently his task was to explain to any headline reading algos still tracking bubblevision that things are looking up for the US economy again and that Brexit won't hurt much on the ...
Zero Hedge   |   Sun, 3 Jul 2016 00:15:00

When Government Controls All Wealth

Authored by Bonner & Partners' Bill Bonner (annotated by Acting-Man's Pater Tenebrarum), Sliding Into Absurdity Stock markets continued their rebound to almost erase all Brexit losses. London's FTSE 100 Index is above Brexit levels but Europe's equivalent of the Dow, the Euro Stoxx 50, remains lower. No wonder the Dragon ...
Zero Hedge   |   Sat, 2 Jul 2016 23:15:00

Texas governor shuns a 'Texit' but buys UK ads after Brexit

Texas Gov. Greg Abbott isn't on board with a "Texit" but is seizing a chance to take advantage of Brexit
U.S. News   |   Sat, 2 Jul 2016 22:57:29

"The Loss Of Central Bank Credibility Is The Biggest Tail Risk" BofA Warns Brexit Threat Remains

Despite the rapid decline in short-term risk momentum, there is no doubt in BofA's mind that the world is a riskier place following the UK's decision to leave the EU. Hence, they warn, the chances for additional critical stress events as Brexit unfolds remain high, and given the critical role ...
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 22:45:00

Which Way Is Up? How Much Schmexit After The Brexit

Well, all those experts forecasting general global economic collapse after a Brexit vote look kind of silly. Ha ha ha! So stocks around the world crashed hard the days right after the vote (Italy's market down more than 15% on the day after), but this past week they have pretty ...
rosserjb@jmu.edu / Barkley Rosser   |   Sat, 2 Jul 2016 22:04:00

Brexit warning from Switzerland: beware votes on free movement

A shock referendum result demanding controls on European Union migration has created a serious headache for politicians, who must do the people's bidding without jeopardising access to the single market. Home to more than a million EU citizens, Switzerland voted on February 9, 2014 to impose quotas on migration, potentially ...
Tom Miles, Reuters / Times of Malta   |   Sat, 2 Jul 2016 22:01:19

Nationalism and hostility in Britain (2)

Like many others I was shocked when I woke up Friday morning to a headline stating that Brexit had won. Even more shockingly, far right parties in France, Denmark and the Netherlands also called for a referendum on whether to remain in the EU or not. The rise of nationalism ...
Marc'Andrea Cassar, Santa Venera / Times of Malta   |   Sat, 2 Jul 2016 22:01:11

Thousands march in London to protest 'Brexit' vote

Tens of thousands of people, some waving French baguettes and chanting, "Hell no, we won't go," took to the streets of London on Saturday to express their anger at Britain's referendum decision to leave the European Union. Holding banners aloft that both expressed their love for Europe ("Can't...
Christina Boyle / LA Times   |   Sat, 2 Jul 2016 21:25:00

'Brexit' Hits The Big Screen: U.K. Film Industry Rattled By Referendum

Many film and television productions in the U.K. rely on tax breaks and funding from the EU. They say they're nervous for what the "Brexit" results could mean for their business.
Elizabeth Blair / NPR   |   Sat, 2 Jul 2016 21:07:04

US stocks 'best port' after Brexit

Ralph Acampora says after the Brexit scare, stocks have major upside.
CNBC   |   Sat, 2 Jul 2016 20:59:00

Thousands Protest in London Against Brexit

Several thousand people marched through central London to protest against the U.K. leaving the European Union after a national vote last week to exit the bloc.
WSJ   |   Sat, 2 Jul 2016 20:35:37

Brexit fears push back hopes of US interest rate rise to 2018

Peter Spence / Telegraph   |   Sat, 2 Jul 2016 18:56:48

Op-Ed Columnist: In Paris With Boris, Donald and Lemon Tarts

Going it alone, with Brexit and Oscar Wilde as my muses.
MAUREEN DOWD / NY Times   |   Sat, 2 Jul 2016 18:30:01

Bank bosses find new opportunities despite the Brexit storm

Tim Wallace / Telegraph   |   Sat, 2 Jul 2016 18:00:00

The Brexit Vote Shows That Stock Are Going To Keep Soaring

The market's quick recovery is a precursor of better corporate earnings ahead.
Larry Light, Contributor / Forbes   |   Sat, 2 Jul 2016 17:58:00

Queen Urges "Keep Calm" As Scotland Seeks To Block Brexit

"If there is a way to stay in the EU, I am determined to pursue it," proclaimed Scottish First Minister Nicola Sturgeon in an interview with Greece's To Ethnos newspaper, noting that Scottish parliament is looking into legal grounds for a new referendum on secession from UK. This confirms JPMorgan's ...
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 17:45:00

Brexit and Campus Shared Services

We were evolved to live out lives in small groups, often of only a few thousand people, This is how Native Americans lived in California before the Europeans arrived. Until the 1930s, a million people lived a Stone Age way of life In the Highlands of New Guinea, cut off ...
Malcolm Potts / The Berkeley Blog   |   Sat, 2 Jul 2016 17:42:56

U.K. Elite Lose Shot at Prime Minister Job

Among the early casualties on the Brexit political playing field lie the alumni of Britain's elite schools.
WSJ   |   Sat, 2 Jul 2016 17:28:15

Caught On Tape: CNN Anchor Humiliates Herself Over Brexit Bias

Submitted by Mike Krieger via Liberty Blitzkrieg blog, "I was bribed by billionaires, I was bribed by the Americans to report...not exactly the truth." – From the post: "Non-Official Cover" – Respected German Journalist Blows Whistle on How the CIA Controls the Media If you want a perfect example of ...
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 17:15:00

The Right-Wing Populism That Drove Brexit Can Only Be Fought With A Genuinely Radical Alternative

The Reagan-Thatcher consensus will be replaced either by new visions of social progress or by new forms of racism and authoritarianism. For the first time in British political history, a far-right political movement, fuelled by Islamophobia and nativism, has won in a national poll. Yet more than a week after ...
Arun Kundnani, AlterNet / AlterNet   |   Sat, 2 Jul 2016 16:54:00

Thousands protest against Brexit vote

London voted 60 per cent in favour of remaining with younger voters widely in favour of staying in the EU
FT   |   Sat, 2 Jul 2016 16:33:46

The list of surprises goes on

Brexit winsIceland winsWales winsNovak losesThe GOP convention this month could be more interesting than most editions.
IKN   |   Sat, 2 Jul 2016 16:09:00

Give An Algo A Chance

Few human traders expected the Brexit rebound. Four short-term mean reversion algos profited between 1.6% and 3.9% from the rally. When the signal-to-noise ratio in the financial media is very low, give an algo a chance. The S&P 500 fell ... Continue reading → Give An Algo A Chance was ...
Price Action Lab   |   Sat, 2 Jul 2016 16:04:19

Don't Expect Bank of England to Wait, Easing may Begin Next Week

Investors are debating over whether the Bank of England eases policy at the July 14 MPC meeting or waits until August Quarterly Inflation Report when new post-Brexit forecasts will be ready. There are many dimensions to monetary policy, and the first move could come next week. Of the various parts ...
Marc Chandler / Marc to Market   |   Sat, 2 Jul 2016 16:02:52

CLSA Reminds Everyone: The Economy Was Struggling Long Before Brexit

As a result of Brexit, we pointed out that companies now will have a convenient scapegoat for any future earnings misses, or at the very least use Brexit as a reason to lower guidance for the remainder of the year without any pushback from analysts. We also noted that with ...
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 15:53:39

Brexit Post-Mortem

Seeking Alpha   |   Sat, 2 Jul 2016 15:45:05

How the failure of two political parties helped lead to Brexit and the rise of Donald Trump

The UK's recent vote to leave the European Union has been seen by many commentators as mirroring the rise in popularity of Donald Trump on the other side of the Atlantic. Chris Barker writes that the popularity of Trump and Brexit can be traced at least in part to a ...
USAPP   |   Sat, 2 Jul 2016 15:44:20

Thousands gather for anti-Brexit protest in London

Telegraph Video / Telegraph   |   Sat, 2 Jul 2016 15:37:58

0.01% Of British Population March In London Against Brexit

VideoThis might not be the greatest uprising ever of the British against their evil overlords. According to reports are marching in London to protest against the idea of that Article 50 being triggered leading to Britain leaving the European Union. Or, if you prefer, 10 days after the Brexit [...]
Tim Worstall, Contributor / Forbes   |   Sat, 2 Jul 2016 15:30:00

Germany Could Consider Offering Passports to Young British Nationals

Germany should offer passports to young British citizens following the U.K.'s vote to leave the European Union, Vice-Chancellor Sigmar Gabriel said.
WSJ   |   Sat, 2 Jul 2016 15:22:56

#Brexit and Chill

What a crazy week in global markets. I read thousands of opinions and not one that I recall had the London FTSE and S&P closing the higher post #Brexit Yes CNBC did a special show last Sunday night to lather the panic. I was a touch jealous because for once ...
Howard Lindzon / Howard Lindzon   |   Sat, 2 Jul 2016 15:00:15

Interest-rate threat from Bank of England makes future look tough for banks

The cut signalled by Mark Carney sent shares soaring, but put Britain's battered financial sector under further pressure When Mark Carney put a rocket under the FTSE 100 on Thursday with his pronouncement that interest rates were likely to be cut to tackle the economic fallout from Brexit, there was ...
Jill Treanor / Guardian   |   Sat, 2 Jul 2016 15:00:04

Current Links

**Most-Recent Must-Reads:** * **Laurence Silberman**: [West Virginia Sues Federal Government for Trusting West * **Brainwrap**: [West Virginia Sues Federal Government for Trusting West * **James Pethokoukis**: [The Magical Thinking of America's Pro-Brexit **Most-Recent Links:** * **Raghuram G. Rajan** (2005): [Has Financial Development Made the World *...
Grasping Reality   |   Sat, 2 Jul 2016 14:53:29

Paul Krugman Blog: More on the Short-Run Macroeconomics of Brexit

A consensus that is hard to understand.
PAUL KRUGMAN / NY Times   |   Sat, 2 Jul 2016 14:51:39

Currency depreciation doesn't offset tariffs

One of my few remaining thoughtful commenters (ChrisA) left the following comment: On the UK exports being affected by tariff's after Brexit - couldn't that be taken care of by a fall in the pound vs the Euro? I don't actually think a tariff war between the UK and the ...
Money Illusion   |   Sat, 2 Jul 2016 14:48:18

A 'Second-Class' European in a Post-Brexit World

In 1990, my family drove the 125 miles from a newly post-communist Prague to the Czechoslovak border with Austria. Crippling travel restrictions had recently been lifted, and we were going to visit the West on vacation for the very first time. I was 10 years old and, though the line ...
Zuzana Boehmová / The Atlantic   |   Sat, 2 Jul 2016 14:47:30

Stocks Shake Off Brexit Woes, Soar 3%

Stocks Shake Off Brexit Woes, Soar 3% After a 6% decline following Britain's vote to leave the EU, U.S. stocks rebounded sharply. But financials, which fell 8%, are still 2.6% below their pre-Brexit level.Stocks Shake Off Brexit Woes, Soar 3% After a 6% decline following Britain's vote to leave the ...
Barrons   |   Sat, 2 Jul 2016 14:42:58

Paris opens doors to City of London businesses looking to relocate after Brexit vote

Michael Wilkinson / Telegraph   |   Sat, 2 Jul 2016 14:40:11

What does Brexit mean for the key parts of the UK economy?

Christopher Williams / Telegraph   |   Sat, 2 Jul 2016 14:39:09

The Latest: British expatriates protest EU exit in Berlin

About 50 people have protested in front of Berlin's Brandenburg Gate against the British vote to leave the European Union
U.S. News   |   Sat, 2 Jul 2016 14:38:24

France woos businesses with 'Welcome in Paris' pitch after Brexit vote

France's prime minister said Britain's vote to leave the European Union is a business opportunity for Paris. Manuel Valls said the government is working on enhancing the French capital's attractiveness, especially measures regarding taxes and expatriates' status. He spoke to the Le Parisien newspaper in an interview published today. Mr ...
PA / Times of Malta   |   Sat, 2 Jul 2016 14:19:00

7 Analyst Stock Picks Under $10 With Massive Upside Calls

The week of July 1 was a wild and zany week. After post-Brexit selling, investors decided to step back in buy stocks on the cheap. Many sectors rose if they were defensive or if they were... AGI AUO AUY NOK Administrator
24/7 Wall St.   |   Sat, 2 Jul 2016 14:01:46

Brexit happens. Have a plan, and stick to it.

Brexit happens. Know your investment plan, and stick to it. Barry Ritholtz Washington Post, June 24 2016       Brexit! This is not a drill! The klaxon horns have sounded, and it's all hands on deck! The British "leave" vote - Brexit in financial medialand speak - has forced ...
Barry Ritholtz / The Big Picture   |   Sat, 2 Jul 2016 14:00:52

Did the Market Price Brexit Wrong?

The US market witnessed a 5.3% two-day drop after the UK referendum. Global markets lost $2T overall in just one ... View the full post at: Did the Market Price Brexit Wrong?
WSP / Wall Street Pit   |   Sat, 2 Jul 2016 13:57:25

The Universal Basic Share

Universal basic income, or UBI for those acronymically minded, is in the news these days, along with other brilliant post-modern inventions such as Brexit or Trump. Unlike these other luminaries, though, UBI is a genuinely cool idea: give everyone a basic amount to spend, and let them do what they ...
Debraj Ray   |   Sat, 2 Jul 2016 13:54:00

Thousands say 'No' to Brexit in London

CNN   |   Sat, 2 Jul 2016 13:24:51

Thousands Of Anti-Brexit Protesters Hit London Streets - Live Feed

Having missed their chance to actually vote on the fate of Europe Thursday ... % who got through our final #EUref poll turnout filter by age group: 18-24: 36%25-34: 58%35-44: 72%45-54: 75%55-64: 81%65+: 83% - Sky Data (@SkyData) June 25, 2016 ... due to other "pressing concerns" or simply general ...
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 13:19:13

No More Snickering from the British

Quartz: "It is hard to pinpoint the exact moment in the last eight days at which Britain's politics became officially more absurd than America's. Last week's Brexit vote, shocking as it was, was just the starting gun. Since then both [...]
Taegan Goddard / Taegan Goddard   |   Sat, 2 Jul 2016 13:15:38

Late night laughs: Brexit edition

After Britain's historic vote to leave the European Union, late-night hosts had a lot to say about the decision. Here are just a few of the jokes cracked on American television this week:
Nicki DeMarco / The Fix   |   Sat, 2 Jul 2016 13:00:35

Scoring a retirement touchdown

It's scary for investors of all ages when the market swoons. Here's how to stay the course.
CNBC   |   Sat, 2 Jul 2016 13:00:00

Can post-Brexit London retain its crown as a global hotspot?

Ben Marlow / Telegraph   |   Sat, 2 Jul 2016 12:45:38

The Latest: French PM: Brexit will benefit Paris businesses

LONDON (AP) - The Latest on Britain's vote to leave the 28-nation European Union (all times local):
Associated Press   |   Sat, 2 Jul 2016 12:35:01

Thousands attend London protest march after Brexit vote

Thousands of people have gathered in central London to protest against plans to leave the European Union. Demonstrators wearing EU flags as capes and with homemade banners saying "Bremain" and "We Love EU" gathered on the streets around Park Lane for the March for Europe rally. Protesters taking part in ...
Kimberly Middleton, Press Association / Times of Malta   |   Sat, 2 Jul 2016 12:09:00

The Queen urges Britain to calm down and allow time for 'quiet thinking' after Brexit vote

Simon Johnson / Telegraph   |   Sat, 2 Jul 2016 12:03:23

Failed Socialism: What's Next After the Brexit Referendum?

Note: This article is courtesy of Iris.xyz By Frank Holmes Defying sentiment polls leading up to last week's historic Brexit referendum, British voters said "thanks, but no thanks" to excessive EU taxation and regulation, choosing to take back Britain's sovereignty in financing, budgeting, immigration policy and other areas essential to ...
Iris.xyz / ETF Trends   |   Sat, 2 Jul 2016 12:00:28

College Educated Get All Post-Recession Jobs -- Even Low-Pay Ones

People with college educations have snapped up 99% of post-recession job growth. What happens to everyone else can be seen in votes for Brexit and Trump.
Erik Sherman, Contributor / Forbes   |   Sat, 2 Jul 2016 11:59:00

The Week in Pictures: Brexit of Champions Edition

( Steven Hayward ) Between a Supreme Court that has totally lost its way without Nino, and a fresh terror attack that has thrown the Obama Administration into confusion (their standard operating mode on Islamic terrorism), it's been a bad week. But there's the supernova bright spot of Brexit to ...
Steven Hayward / Power Line   |   Sat, 2 Jul 2016 11:55:46

Will Brexit Affect Global Supply Chains?

There has been a lot of doom and gloom surrounding Brexit. It is clear that in the short term Brexit has created uncertainty and roiled markets. In the longer term I believe its impact will be minimal. It is mainly tariffs and trade restrictions that would have the largest impact ...
Steve Banker, Contributor / Forbes   |   Sat, 2 Jul 2016 11:55:00

When it comes to a Brexit deal, the UK can call the shots

Liam Halligan / Telegraph   |   Sat, 2 Jul 2016 11:52:05

Thousands gather in central London for Brexit protest

Thousands of protesters are taking part in a march in central London to show their opposition to the result of the EU Referendum.
BBC   |   Sat, 2 Jul 2016 11:43:12

Thousands march in Brexit protest

Thousands of people are marching through London to protest against the referendum decision to leave the European Union.
BBC   |   Sat, 2 Jul 2016 11:33:16

Beyond Brexit: What matters most to global economies

A look at how the UK is reshaping its economy after Brexit and how the rest of the world is coping with the shift.
Al Jazeera   |   Sat, 2 Jul 2016 11:09:18

Brexit vote could mean US real estate boom as investors look outside London

Uncertainty about the UK's future after vote to leave European Union could put its real estate market on pause, and send investors to greener pastures The US real estate market could get a boost in the coming months, some analysts are predicting, thanks to the UK's vote to leave the ...
Jana Kasperkevic in New York / Guardian   |   Sat, 2 Jul 2016 11:00:07

Muscat in league with Farage - Busuttil

Joseph Muscat's use of the word eurorealist puts him in the same league as British eurosceptic Nigel Farage, according to the Opposition leader. Simon Busuttil took the Prime Minister to task over his reaction to the Brexit vote in the UK, describing it as confusing. "While he says exiting the ...
Kurt Sansone / Times of Malta   |   Sat, 2 Jul 2016 10:50:00

Did the UK media help make Brexit a reality?

Has the tone of UK media coverage shifted since the EU referendum? Plus, the coverage of solitary confinement in the US.
Al Jazeera   |   Sat, 2 Jul 2016 10:14:42

More than a third of voters believe Britain may remain in EU

More than a third of voters believe Britain may end up remaining in the European Union, according to polling. Around one in five, 22 per cent, said they did not know if the UK would follow through with its Brexit vote, while 16 per cent are convinced the country will ...
Times of Malta   |   Sat, 2 Jul 2016 10:05:00

From Brexit to Trump: Why mobilising anger in a constructive way is now one of the key challenges in modern politics

The UK's decision to leave the European Union has generated an intense political reaction, but arguably just as important is the emotional reaction from supporters on both sides of the debate. Sonja Avlijaš discusses the role that anger has played in the EU referendum and other political issues across the ...
USAPP   |   Sat, 2 Jul 2016 10:00:25

George Osborne should wait for the dust to settle on Brexit

Andrew Lilico / Telegraph   |   Sat, 2 Jul 2016 09:23:08

Summer Doldrums? Nope. Jobs Data, Earnings, Ahead As Brexit Concerns Linger

After a long holiday weekend filled with hot dogs and fireworks, investors return this coming week in anticipation of a key jobs report and the start of earnings season. It's a short week, but an important one, namely because of Friday's monthly jobs report. It's hard to forget the surprise ...
JJ Kinahan, Contributor / Forbes   |   Sat, 2 Jul 2016 09:01:00

Theresa May could be Prime Minister within days as MPs flock to her Conservative leadership campaign in wake of Brexit vote

Michael Wilkinson / Telegraph   |   Sat, 2 Jul 2016 08:46:06

Andrea Leadsom emerges as pro-Brexit choice for Tory leadership as Michael Gove loses support following Boris 'betrayal'

Peter Dominiczak / Telegraph   |   Sat, 2 Jul 2016 08:31:37

Let's Take a Cue from Brexit and Leave the U.N.

The U.K. has shown its contempt for anti-democratic international unions by leaving the EU. Let's do the same and leave the U.N.The U.N. is generally thought of as having evolved from the silly and impotent League of Nations, whose primary achievement was permitting -- through naïveté, cowardice, and inaction -- ...
Josh Gelernter / National Review   |   Sat, 2 Jul 2016 08:00:00

Grown-up women in the Brexit playground

Never has the UK been in such need of leaders with their maturity and discipline, writes Sarah Gordon
FT   |   Sat, 2 Jul 2016 07:30:40

Thousands 'March for Europe' in London protesting Brexit

Droves of protesters sang and marched their way through London on Saturday in protest of the United Kingdom's vote to leave the European Uni...
USA Today   |   Sat, 2 Jul 2016 07:28:35

Links for 07-02-16

Why Are Voters Ignoring Experts? - Jean Pisani-Ferry Brexit Post-Mortem - Macro and Other Market Musings Economists, Brexit and the Media: Epilogue - mainly macro The economic risks of an outbreak of Brexit-style votes - Kenneth Rogoff How a Quest...
Economist's View   |   Sat, 2 Jul 2016 07:06:00

After warning over Brexit vote, Obama now looks to a one-on-one trade deal with Britain

President Barack Obama is backtracking on his warning that Britain would go to the "back of the queue" for a U.S. trade deal as he tries to contain the fallout from the U.K.'s decision to leave the European Union. The shift in tone illustrates how Britain's vote has abruptly scrambled ...
Japan Times   |   Sat, 2 Jul 2016 06:49:50

A week in gold: Price holds as Brexit gives way to other uncertainties

So far, gold is one of the clear beneficiaries of Brexit. The metal predictably soared when news the UK had rejected Brussels first broke, but a week on and in spite of a rally by stock markets, the gains are sticking. A couple of hours into trading on Friday, spot ...
Proactive Investors   |   Sat, 2 Jul 2016 06:33:00

Monetizing Those Post-Brexit Fears

The markets remain nervous, uncertain, and volatile after the Brexit vote. Investors can exploit that nervousness with downside calls
Barrons   |   Sat, 2 Jul 2016 06:21:32

Asia Gets Back on Its Feet

Asia Gets Back on Its Feet The initial panic set off by Brexit died down last week as investors more calmly assessed the damage and looked for opportunities.Asia Gets Back on Its FeetBy Shuli Ren The initial panic set off by Brexit died down last week as investors more calmly ...
Barrons   |   Sat, 2 Jul 2016 06:20:13

Answer This!

By Chris at I've been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser's latest antics. While I can't publish all of them, I've selected what I think are some of the most important ones. A lot of questions were related to ...
Zero Hedge   |   Sat, 2 Jul 2016 06:15:05

Falling pound hits British pensioners living overseas

Some retirees could be forced to return to the UK after the dramatic drop in the value of sterling after Brexit vote The dramatic fall in the value of sterling has dealt a heavy blow to hundreds of thousands of older Britons living abroad who depend on a UK pension. ...
Rupert Jones / Guardian   |   Sat, 2 Jul 2016 06:01:01

Predicting the Brexit vote: getting the geography right (more or less)

In April 2016 in two contributions to this blog Ron Johnston, Kelvyn Jones and David Manley predicted the likely geography of support for Brexit in the EU referendum. In this concluding piece they compare their predictions to the result. The general pattern of their predictions turned out to be very ...
BPP Team / British Politics and Policy at LSE   |   Sat, 2 Jul 2016 06:00:24

Investment funds: the winners and the losers after Brexit

Funds primarily invested abroad have benefited, but others have dropped in value following the EU referendum Some of the big investment funds popular with Isa investors lost around 5% or more of their value in the days immediately after the Brexit vote - but there have also been winners at ...
Patrick Collinson / Guardian   |   Sat, 2 Jul 2016 06:00:01

Debenhams faces squeeze of weaker pound

An optimistic tone prevailed in global markets following the Brexit-driven turbulence, with global equities rebounding towards recent highs and sterling recouping some of its losses. Investors continue to adjust to last week's referendum decision, with the initial concerns subsiding, sending the S&P 500 index back into positive territory for the ...
Proactive Investors   |   Sat, 2 Jul 2016 06:00:00

Don't panic - yet. The Brexit vote has had a surprise effect on pension funds

The markets went into meltdown and the pound sank against the dollar but giant pension funds have been largely unaffected, with some even reporting gains Did Brexit shrink your pension? Markets went into meltdown last Friday following the shock result, but early figures on its impact on UK pension funds ...
Patrick Collinson / Guardian   |   Sat, 2 Jul 2016 05:58:01

Post-Brexit crisis, what crisis? The FTSE 100 is roaring ahead

Here Is The City   |   Sat, 2 Jul 2016 05:32:31

Small-Cap Pro Favors Ted Baker, Fevertree Drinks

U.K. Small-Cap Pro Favors Ted Baker, Fevertree Drinks Harry Nimmo, manager of Standard Life Investments' UK Smaller Companies fund, expects global small-caps to weather the Brexit storm. Small-Cap Pro Favors Ted Baker, Fevertree DrinksBy Bill Alpert Standard Life Investments' Harry Nimmo expects small-caps to weather the Brexit storm.
Barrons   |   Sat, 2 Jul 2016 05:27:13

Ryanair, GlaxoSmithKline, SAP Look Like Bargains

Plenty of European stocks were unfairly marked down in the post-Brexit selloff. Time to start shopping.
Barrons   |   Sat, 2 Jul 2016 05:09:25

Intrigue and betrayal stalk UK's corridors of power

The world saw the British government and the opposition descend into a Jacobean revenge tragedy, the Financial Times reports.
CNBC   |   Sat, 2 Jul 2016 05:02:00

Relax, Brexit Could Be a False Alarm

Relax, Brexit Could Be a False Alarm Britain hasn't invoked the article that would start its departure from the EU, and some investors don't think it will.Relax, Brexit Could Be a False AlarmBy Ben Levisohn Britain hasn't invoked the article that would start its departure from the EU, and some ...
Barrons   |   Sat, 2 Jul 2016 04:45:05

EU Week Ahead July 4-9: NATO, Budgets, Brexit Aftermath

In the coming week European lawmakers will debate the outcome of the U.K. referendum with the presidents of the European Commission and the European Council, while the leaders of NATO allies will hold their summit in Warsaw.
Viktoria Dendrinou / WSJ Brussels   |   Sat, 2 Jul 2016 04:30:25

Bessemer's Case For U.S. Equities

Bessemer's Case For U.S. Equities CIO Rebecca Patterson says a recession is not imminent in the U.S.; nor is Brexit likely to trigger one.Bessemer's Case For U.S. EquitiesBy Sonia Talati CIO Rebecca Patterson says a recession is not imminent in the U.S.; nor is Brexit likely to trigger one.
Barrons   |   Sat, 2 Jul 2016 04:29:30

Diageo and Royal Dutch Shell Look Cheap

Post-Brexit, Diageo and Royal Dutch Shell Look Cheap Stick with multinational mega-caps in the U.K., advises the head of a U.S-based financial manager. Diageo and Royal Dutch Shell Look CheapBy Digby Larner Post-Brexit, stick with multinational mega-caps in the U.K., advises the head of a U.S-based financial manager.
Barrons   |   Sat, 2 Jul 2016 04:29:05

U.S. Shoppers Soldier On

U.S. Shoppers Soldier On Plus, job growth increasingly looks like a high-low game. Brexit has been covered to exhaustion. And markets seem to have settled into sogginess.U.S. Shoppers Soldier OnEdited by Paul Farrell Plus, job growth increasingly looks like a high-low game. Brexit has been covered to exhaustion. And markets ...
Barrons   |   Sat, 2 Jul 2016 04:27:30

Observations: The QandO Podcast for 1 Jul 16

Snobs think they should dictate your opinions, Bill Clinton is Hillary's best frenemy, Brexit doesn't become a financial disaster, Germany makes some waves, European languages are dumb. This week's podcast is up on the Podcast page.
Questions and Observations   |   Sat, 2 Jul 2016 04:12:16

Brexit Due to Failure of Elites, Not Bigotry of Masses

Bigotry! Nativism! Racism! That's what elites in Britain, Europe and here have been howling, explanations for why 52 percent of a turnout of British voters voted for their nation to leave the European Union. But there is plenty of bigotry, condescension and snobbery in the accusations and the people making ...
Michael Barone / Real Clear Politics   |   Sat, 2 Jul 2016 03:57:29

NZ and the UK: strongest performers in their blocs?

An article in yesterday's Herald caught my eye. In a double-page feature on Brexit, it was headed "Options beyond the EU" and featured some comments from the former New Zealand Minister of Finance, Ruth Richardson. I was a bit puzzled by the article, which didn't really seen like a New ...
Michael Reddell / Croaking Cassandra   |   Sat, 2 Jul 2016 03:51:18

Cambridge Academic Protested Against Brexit By Showing Up Naked at Faculty Meeting

Victoria Bateman A Cambridge academic walked in naked at a meeting at the Faculty of Economics in protest against the results of the EU referendum, Telegraph reports. Victoria Bateman had written on her breasts and stomach 'Brexit leaves Britain naked.' According to the Telegraph, she arrived at the faculty meeting ...
Robert Wenzel / Economic Policy Journal   |   Sat, 2 Jul 2016 02:55:00

Tory leadership: Iain Duncan Smith backs Andrea Leadsom

Former Conservative leader Iain Duncan Smith backs Andrea Leadsom to be the UK's next PM, as she argues that the job must go to a Brexit supporter.
BBC   |   Sat, 2 Jul 2016 02:13:17

Treasury Yields Touch Historic Lows Amid Brexit Fallout

Markets closed the week still bearing the mark of Britain's decision to exit the European Union, with a broad rebound in stocks tempered by renewed sense of caution in bonds.
WSJ   |   Sat, 2 Jul 2016 02:00:32

Markets rise as central banks look at further easing

Markets rose on Friday to continue their post-Brexit rebound. The S&P 500 rose 0.2 percent, the STOXX Europe 600 rose 0.7 percent, the FTSE 100 jumped 1.1 percent and the Shanghai Composite Index crept up 0.1 percent. Commodities rose, with silver surging as much as 6.3 percent and West Texas ...
Skeptical Speculator   |   Sat, 2 Jul 2016 01:46:00

Loeb's Third Point Up 1% in June; AQR, Horseman, Renaissance Gain On Turmoil

While the alternative investment industry holds its collective breath regarding the full impact of last week's Brexit-related volatility on June hedge fund returns, managers that came through it profitably continue to come forward. read more
FINalternatives   |   Sat, 2 Jul 2016 01:33:51

Brexit Simplified

Simple as that... Source: MichaelPRamirez.com
Tyler Durden / Zero Hedge   |   Sat, 2 Jul 2016 01:30:00

What future for post-Brexit UK science?

UK science is one of the biggest winners from Britain's membership of the EU. Now it stands to lose the most from Brexit.
BBC   |   Sat, 2 Jul 2016 01:08:32

Bond Bulls: Brexit, Negative Rates Could Push Rock-Bottom Treasury Yields Even Lower

Despite the worldwide stampede into U.S., German, Japanese and even British government debt that has sent yields plummeting to historic lows, some well-known bond strategists see yields falling even further. read more
Steve Lord / FINalternatives   |   Sat, 2 Jul 2016 00:06:10

Transgender, yes - transnational, no

One can probably assume, after Brexit, that Europe will somehow manage to muddle through without Britain - but what about us? By "us," in this case, I mean those who had dared to hope - poor deluded souls that we are - that nationalism might be slowly yielding way to ...
Buenos Aires Herald   |   Sat, 2 Jul 2016 00:00:00

Brexit: The immigrants who voted Leave

Many would assume that those who had migrated to the UK would support others being able to do so. It's not as simple as that.
BBC   |   Fri, 1 Jul 2016 23:49:58

Brit vote may eat into entrepreneurs' bottom lines

Brexit looks like a harbinger of even greater global economic retrenchment.
USA Today   |   Fri, 1 Jul 2016 23:18:50

Cramer: Miss the bottom? How to play it

Jim Cramer shared a Fourth of July stock insight that could prove profitable.
CNBC   |   Fri, 1 Jul 2016 22:58:00

'Maymentum! She's backed by 88 MPs including 7 Cabinet ministers' - how newspapers in Britain and around the world handled the Tory leadership race and Brexit fallout on Saturday morning

Telegraph Reporters / Telegraph   |   Fri, 1 Jul 2016 22:56:56

We Are Where We Were

It's been an amazing week, and in effect the first five days after the Brexit vote were all trend days, with ES now kicking around much the same area this afternoon as it was on the afternoon before the vote. What does this all mean? Not much I suspect. The ...
Tim Knight   |   Fri, 1 Jul 2016 22:38:54

"6-Day Winning Streak Leaves Mortgage Rates Near All-Time Lows"

From Matthew Graham at Mortgage News Daily: 6-Day Winning Streak Leaves Rates Near All-Time LowsMortgage rates fell moderately today, adding a 6th day to a winning streak that began with last week's Brexit news and bringing rates right to the brink of all-time lows.... bringing some lenders from 3.625% to ...
Calculated Risk   |   Fri, 1 Jul 2016 22:09:00

U.K. Elite Lose Shot at Prime Minister Job

Among the early casualties on the Brexit political playing field lie the alumni of Britain's elite schools.
WSJ   |   Fri, 1 Jul 2016 21:39:07

Encouraging signs

The news is certainly mixed these days. Britain's Brexit vote stirs fears of a global slowdown in trade, which would surely be bad for the economic outlook. But that's still something out on the horizon. In the meantime, more recent data point to a pickup in growth that began a ...
Calafia Beach Pundit   |   Fri, 1 Jul 2016 21:21:00

Will Brexit Put A Damper On The U.K.'s Global Generosity?

The U.K. gives billions of pounds to the developing world. Will this benevolent spirit survive in the wake of Brexit?
Marc Silver / NPR   |   Fri, 1 Jul 2016 21:20:52

German connection

The UK's Brexit vote is testing the cultural bonds between Britain and Berlin, but film studio boss Charlie Woebcken says "these links aren't going away".
BBC   |   Fri, 1 Jul 2016 21:00:28

'Pensions' delicate balance' post Brexit vote

Pensions Minister Ros Altmann says there is a "delicate balancing act" to maintain the strength of pension schemes amid the uncertainty of Brexit.
BBC   |   Fri, 1 Jul 2016 21:00:01

From Brexit and back

Dissecting the first half of the year's market moves and what to look for in the second half, with the "Fast Money" traders.
CNBC   |   Fri, 1 Jul 2016 21:00:00

Asset Class Scoreboard: Real Estate, Commodities, Bonds Lead

Asset Class Scoreboard For the second time in 2016, Managed Futures posted a monthly performance above 4%, thanks to the Brexit volatility that shocked the market last week. Additionally, the SG CTA Index, posted its second best single day performance [...]
Value Walk   |   Fri, 1 Jul 2016 20:35:40

Don't let's be beastly to the Brits, says Bundesbank

Brexit vote reflects a broader Euroscepticism, says Weidmann
FT   |   Fri, 1 Jul 2016 20:19:49

Treasury ETFs Climb as Yields Hit Record Lows

Treasury bond exchange traded funds maintained their momentum, with benchmark yields on 10-year notes dipping to a new record low on Friday, as investors feared Brexit would weigh on global growth and cause the Federal Reserve to push off interest rate hikes. On Friday, the iShares 7-10 Year Treasury Bond ...
ETF Trends   |   Fri, 1 Jul 2016 20:17:13

Banks on edge over UK passporting

Banks are scrambling to establish how post-Brexit changes in the UK's rights for financial services will impact on their businesses, putting thousands of jobs in London in the balance.
IFR   |   Fri, 1 Jul 2016 20:00:00

Battle of Somme Centennial Marked

Amid Brexit chaos, British and French leaders gathered on the 100th anniversary of World War I's bloodiest battle to commemorate a conflict in which tens of thousands of British soldiers died defending French soil.
WSJ   |   Fri, 1 Jul 2016 19:07:04

The economic risks of Brexit contagion

Poll may trigger a cycle of low growth and populist policies in the west, writes Kenneth Rogoff
FT   |   Fri, 1 Jul 2016 16:55:39

Fed's Stanley Fischer Says Brexit Implications Still Being Evaluated

Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S. economy, and said those effects will be weighed against positive incoming U.S. economic data.
WSJ   |   Fri, 1 Jul 2016 15:32:43

The Macroeconomics of Brexit: Motivated Reasoning?

Sloppy thinking is always a vice.
Paul Krugman / Paul Krugman - Blog   |   Thu, 30 Jun 2016 21:04:06

Brexit talks will be stunningly complex. Who will provide the statesmanship we need?

Tony Blair / Telegraph   |   Thu, 30 Jun 2016 21:00:00

Some Traders See Emerging Markets Coming Back

A week after the U.K. vote to leave the European Union sparked a global market rout, some investors are already betting that emerging markets are on their way back.
WSJ   |   Thu, 30 Jun 2016 20:19:52

Brexit has demolished George Osborne's deficit plan. The next PM will need one of their own

Jeremy Warner / Telegraph   |   Thu, 30 Jun 2016 19:29:19

Brexit and the Idea of European Disintegration

Britain has voted to leave the European Union (EU), or more accurately, England has voted to leave. The majority in Scotland, Northern Ireland and Gibraltar voted to remain. The opinion polls, the bookies and the markets did not predict this outcome. The mood of the nation, it would seem, is ...
Aidan Regan / Irish Economy   |   Thu, 30 Jun 2016 19:26:53

Italy rescues bank after EU plea snubbed

Germany turns down Renzi's request to ease rules during Brexit turmoil
FT   |   Thu, 30 Jun 2016 15:48:23

UK looks China and India after Brexit

Prime minister calls business leaders to Number 10
FT   |   Thu, 30 Jun 2016 11:27:07

The Real Lesson From Brexit

Luigi Zingales at ProMarket: The Real Lesson From Brexit: ...What we have observed in Britain and ... in the U.S. with Trump is a growing mistrust of voters toward experts. In the Brexit debate it was hard to find any...
Mark Thoma / Economist's View   |   Wed, 29 Jun 2016 18:57:44

Brexit News Archive: 03 Jul 2016     |     enquire