Brexit News Archive: 10 Jul 2016

What's Next for the Never Trump Camp?

Just as with Britain's Brexit vote, the smart money has decided that the Never Trump movement among Republican delegates has no chance of succeeding. The Donald has won 1,542 delegates, well above the 1,237 needed to nominate. No major alternative candidate has publicly said he wants to challenge Trump. Many ...
National Review   |   Sun, 10 Jul 2016 22:32:31

Irony Of The Day: Hollande Lectures US About Trump; Two-Way Frexit?

Submitted by Michael Shedlock via MishTalk.com, French president Francois Hollande endorsed Hillary Clinton while warning "U.S. Election Risks Turning Into Brexit Vote II". French President Francois Hollande, who last month endorsed Hillary Clinton in the U.S. presidential race, said the November ballot threatens to play out along similar lines to ...
Zero Hedge   |   Sun, 10 Jul 2016 22:00:00

A Swiss Way For The U.K.?

Switzerland has never been a member of the European Union. Former Swiss President Micheline Calmy-Rey says that it could provide a potential model for the U.K. after the "Brexit" vote.
NPR   |   Sun, 10 Jul 2016 21:18:29

10 Years (Or Less): Orwell's Vision Coming True

Submitted by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)) via SHTFPlan.com, In the wake of all of the Brexit vote furore, a chilling blurb made headlines and it went largely unnoticed and uncommented upon. The line was couched within ...
Zero Hedge   |   Sun, 10 Jul 2016 21:00:00

Russian Threat Takes Center Stage at NATO's Warsaw Summit

WARSAW, Poland-Russian aggression, radical Islamist terrorism, the refugee crisis, Brexit, Afghanistan. The list of challenges NATO leaders faced at the biennial summit here over the... Read More The post Russian Threat Takes Center Stage at NATO's Warsaw Summit appeared first on The Daily Signal .
The Foundry   |   Sun, 10 Jul 2016 20:18:50

Sunday assorted links

1. You can print your photos as pancakes now (there is no great pancake stagnation). And can you serve draft beer on an airplane? 2. Police officer shootings are down, down, down. 3. Are we unraveling? (Ross Douthat, NYT) 4. Brexit voting was a matter of values. 5. 23andMe is ...
Marginal Revolution   |   Sun, 10 Jul 2016 17:54:26

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. With the VIX Index bottoming and equity markets back to pre-Brexit highs, risk is increasing.
Market Clues   |   Sun, 10 Jul 2016 17:52:00

Waiting (In Vain?) For An Earnings Rebound

Waiting (In Vain?) For An Earnings Rebound by Worth Wray, STA Wealth Management Inside This Edition: Stocks Reverse Course Post-Brexit...For Now For What It's Worth Weekly Technical Comment 401k Plan Manager Features Articles & Interviews Stocks Reverse Course Post-Brexit...For Now [...]
Value Walk   |   Sun, 10 Jul 2016 17:50:50

£1.3bn UK tidal power project doubts rise

Company behind venture points to Brexit uncertainty
FT   |   Sun, 10 Jul 2016 17:37:02

The Markets are Speaking ... Listen Up

I am watching Wimbledon this afternoon and taking a break from my vacay to look through the markets and catch up. It was a 'wow' week in at least the US markets. Just two weeks ago #Brexit was being talked of as a 'Black Swan' global event but by yesterday ...
Howard Lindzon   |   Sun, 10 Jul 2016 15:38:26

Daily Digest 7/10 - A Week Of Bloodshed In America, World Economy Going "Nowhere Fast"

Nowhere Fast: Drifting World Economy Skirts Worst But Still Lags A Week Of Bloodshed In America Oldest and Youngest May Determine Presidential Election How George Soros Singlehandedly Created the European Refugee Crisis-and Why After 'Brexit' Vote, Immigrants Feel a Town Turn Against Them You Might Make More Money Not Taking ...
Peak Prosperity   |   Sun, 10 Jul 2016 15:05:30

Bank of England considers interest rate cut to tackle Brexit crisis

The Bank of England will consider the first interest rate cut for more than seven years this week, as it seeks to contain the economic fallout from the Brexit vote.
Here Is The City   |   Sun, 10 Jul 2016 14:27:23

Investors watching property redemptions

Among big questions: UK property redemptions, US payroll fallout, Brexit and US earnings
FT   |   Sun, 10 Jul 2016 12:05:46

Bank of England considers interest rate cut to tackle Brexit crisis

Monetary Policy Committee discussing a range of options, which include keeping rates on hold or slashing them to zero The Bank of England will consider the first interest rate cut for more than seven years this week, as it seeks to contain the economic fallout from the Brexit vote. Some ...
Katie Allen / Guardian   |   Sun, 10 Jul 2016 11:42:31

Senior politician Eagle to challenge U.K. Labour chief for party leadership post

Britain's main opposition Labour Party faces a leadership battle after a challenger to Jeremy Corbyn finally stepped forward Saturday after a Brexit vote which caused political turmoil. Senior lawmaker Angela Eagle is to stand against veteran socialist Jeremy Corbyn, the embattled head of the left-of-center party, who has faced criticism ...
Japan Times   |   Sun, 10 Jul 2016 07:07:06

Today's Headlines

Bloomberg: S&P 500 Closes Near Record as Jobs Data Caps Post-Brexit Rebound. (video) A week's evidence that the U.S. economy's ill health has been overstated and dovish talk from the Federal Reserve combined to briefly catapult the S&P 500 Index above its May 2015 record close, leaving stocks on the ...
Between the Hedges   |   Sun, 10 Jul 2016 03:40:00

After Brexit, immigrants feel a UK town turn on them

Since the Brexit vote, latent hostility in the U.K. toward the newly arrived EU citizens has burst into the open, many immigrants say.
CNBC   |   Sun, 10 Jul 2016 01:36:00

Obama: "We have to reject the 'us versus them' mentality of some cynical politicians"

Ahead of his official visit to Spain, and via written responses to EL PAÍS, the US president addresses the political and economic situation in Spain, the challenge of populism and 'Brexit,' the threat of terrorism and the new relationship with Latin America
Marc Bassets / EL PAÍS   |   Sat, 9 Jul 2016 22:01:40

Huh! the Viking war chant

"Fairy tales still exist!" Prime Minister Sigurdur Ingi Johannsson told the Iceland national football team when they arrived back home to a heroes' welcome in Reykjavik. In a world of Isis, Dallas shooting, Baghdad attacks, Brexit, Panama papers, Trump, Zika and Maypole boobs it is becoming increasingly hard to believe ...
Kristina Chetcuti / Times of Malta   |   Sat, 9 Jul 2016 22:01:17

Andrea Leadsom is a Conservative every Brexiteer should want as Prime Minister

Simon Heffer / Telegraph   |   Sat, 9 Jul 2016 17:30:00

A New Frontier Awaits For U.S. Markets

A new frontier awaits for U.S. equity markets to explore. They are fairing much better than other world markets, in spite of the Brexit uncertainty, and look poised to press upwards (likely choppily) for awhile, as shown on the 3-year comparison chart below of the SPX, World Market Index, and ...
Strawberry Blonde   |   Sat, 9 Jul 2016 16:27:00

'Golden' chance to rethink Scots economy

Supporters of Scottish independence have a "golden opportunity" the wake of the Brexit vote, according to a critic of the 2014 plans.
BBC   |   Sat, 9 Jul 2016 15:46:05

Brexit isn't like the ERM crisis. It's worse

The British economy ultimately benefited from being driven out of the exchange rate mechanism. But the global economy is a very different place today In the run-up to the referendum, it was common for Leave campaigners to compare quitting the EU to Britain's embarrassing but ultimately beneficial departure from the ...
Phillip Inman / Guardian   |   Sat, 9 Jul 2016 15:00:05

Cancellations and delays expected in airliner market at Farnborough

Brexit and the low oil price will mean a quiet air show for manufacturers this week Brexit looms over David Cameron's visit to this week's Farnborough air show, as airlines and plane manufacturers fasten their belts for a bumpy few years of economic turbulence. The prime minister is scheduled to ...
Karl West / Guardian   |   Sat, 9 Jul 2016 14:59:05

These 4 Stocks Can Save You From The Next Market Crash

Is the next market brushfire right around the corner? And are investors in denial about it? If recent moves in the CBOE Volatility Index (VIX) are any indication, the answer to both questions could be yes. The market's so-called "fear indicator" plunged 40% in the week following the Brexit vote-its ...
Brett Owens, Contributor / Forbes   |   Sat, 9 Jul 2016 14:39:00

Challenge to Corbyn is on

British Labour Party leader Jeremy Corbyn faces a leadership contest with rebel former frontbencher Angela Eagle over Brexit.
Austrailian   |   Sat, 9 Jul 2016 13:25:00

The moral consequences of economic decline?

In his FT column today, the ever-thoughtful Tim Harford has written about the dangers of moving into a zero-sum world, with the economy heading into a post-Brexit recesssion and in a political atmosphere which is already a game of grievances ... Continue reading →
The Enlightened Economist   |   Sat, 9 Jul 2016 13:07:40

Were the Brexiteers right?

Was Vote Leave right after all to claim that leaving the EU would allow us to spend an extra £350m per week on the NHS? From one point of view, this was an obvious lie. As Tim Harford says: The...
Stumbling and Mumbling   |   Sat, 9 Jul 2016 12:06:29

How To Lead When You Don't Know Where You're Going

As a leader, you are used to seeing your role as setting a direction, creating a vision of the future and leading people towards it. As of today, if you are in Europe, that's the worst possible thing you could try to do. The Brexit decision has plunged us into ...
Alastair Dryburgh, Contributor / Forbes   |   Sat, 9 Jul 2016 11:42:00

Is The Stock Market Irrational? Short answer: No

Two weeks ago stocks were under pressure and the financial media was predicting chaos from the Brexit vote. The S&P 500 dropped 5.6% in two days. But the market ignored all negative news and rallied 6.5% near all-time highs in the ... Continue reading → Is The Stock Market Irrational? ...
Price Action Lab   |   Sat, 9 Jul 2016 08:29:51

Opportunity costs

I wrote this about a month ago, but decided not to post it because it sounded a bit like a personal rant. Following the Brexit result, and more introspectionamong economists about what more they could have done, I think this basic point is worth making When I complainabout the media ...
Mainly Macro   |   Sat, 9 Jul 2016 08:00:00

FP Sat 9 July

Select Show on Front Page: Show on Front Page Right Image The Think Project, Brexit and the urgent need for better citizenship education Hide in waterfall: Do not include in section waterfall ? "I've always been a bit racist, I'm not gonna lie, but this...has changed the way I look ...
Open Democracy   |   Sat, 9 Jul 2016 07:57:46

In Debt: Economic Uncertainty Remains Even After

That Britain, would somehow reject the rational choice seems to have never occurred to investors worldwide, and now we see the consequences.
DealBook   |   Sat, 9 Jul 2016 06:40:05

U.K. Pub Stocks' Pint of Woe

U.K. Pub Stocks' Pint of Woe British pub stocks take a hit on Brexit.U.K. Pub Stocks' Pint of WoeBy Bill Alpert British pub stocks take a hit on Brexit.
Barrons   |   Sat, 9 Jul 2016 05:02:41

Letters to Barron's

Letters to Barron's Readers chime in about Brexit and the Fed's low-interest-rate policies.Letters to Barron's Readers chime in about Brexit and the Fed's low-interest-rate policies.
Barrons   |   Sat, 9 Jul 2016 04:08:15

Why Investors Should be Wary of Corporate Yields

Why Investors Should be Wary of Corporate Yields Post-Brexit, sovereign bonds have tumbled. But juicy investment-grade yields on corporate debt mask eroding fundamentals. Why Investors Should be Wary of Corporate YieldsBy Mike Cherney Post-Brexit, sovereign bonds have tumbled. But juicy investment-grade yields on corporate debt mask eroding fundamentals.
Barrons   |   Sat, 9 Jul 2016 04:08:03

Jeffrey Gundlach on Stocks, Trump, and Gold

Jeffrey Gundlach on Stocks, Trump, and Gold The head of DoubleLine Capital discusses his outlook on the post-Brexit stock and bond markets, and why he's investing so Gundlach on Stocks, Trump, and GoldBy Ben Levisohn The head of DoubleLine Capital discusses his outlook on the post-Brexit stock and bond markets, ...
Barrons   |   Sat, 9 Jul 2016 04:01:13

How George Soros Singlehandedly Created The European Refugee Crisis - And Why

By David Galland and Stephen McBride, Garret/Galland Research How George Soros Singlehandedly Created the European Refugee Crisis - And Why George Soros is trading again. The 85-year-old political activist and philanthropist hit the headlines post-Brexit saying the event had a financial-market crisis. Well, the crisis hasn't hit Soros just yet. ...
Zero Hedge   |   Sat, 9 Jul 2016 02:01:05

Cheers and Jeers: Rum and Coke FRIDAY!

From the GREAT STATE OF MAINE... Friday Margaret and Helen Blogging The internet's feistiest bloggers strike again... Margaret, which voters have their heads farther up their asses, Trump supporters or Brexit voters? Wait a minute. Is it farther or further? I don't know, but either way the asshats they are ...
Daily Kos   |   Fri, 8 Jul 2016 23:32:13

Daily currency report

The sterling sell-off continued in Wednesday trading and there's little light at the end of the tunnel. Six asset managers suspended trading on their property funds citing "exceptional liquidity pressures" as investors panic to exit. This shows a clear lack of confidence in the UK post-Brexit and a housing market ...
Times of Malta   |   Fri, 8 Jul 2016 22:01:00

'Trump-Brexit' Factors Could Triple Bitcoin Transactions But Where's The Price Heading?

What's in store for Bitcoin, the 'daddy' of all cryptocurrencies? Well, according to new industry research transaction values in the digital currency could almost triple to $92 billion (bn) in 2016 over last year. But with the price having risen 50% so far this year, where the price might be ...
Roger Aitken, Contributor / Forbes   |   Fri, 8 Jul 2016 21:12:00

Global Energy Advisory 8th July 2016

Politics, Geopolitics & Conflict The Brexit Fallout We've been ignoring Brexit largely on the Global Energy Advisory because, well, no one on this side of the Atlantic really cares about the European Union in and of itself. However, what they DO care about is Russia, and the UK's exit from ...
Oil Price   |   Fri, 8 Jul 2016 20:55:05

Javid looking for hundreds of trade experts

Business secretary expects years of talks with states such as China, Japan and the US after Brexit
FT   |   Fri, 8 Jul 2016 20:18:38

Jobs Surprise Sends S&P 500 Back Toward Record Highs

A snapback in monthly jobs figures fueled a big rally on Wall Street that has the market once again chasing record highs.
Shreya Agarwal, Forbes Staff / Forbes   |   Fri, 8 Jul 2016 19:31:00

Economic View: How a Quest by Elites Is Driving and Trump

Unlike the public, economists seem more concerned about the size of the pie than whether everyone gets a slice.
NEIL IRWIN / NY Times   |   Fri, 8 Jul 2016 19:06:15

Britain is plunging towards an economic nightmare, and it isn't just because of Brexit.

On Monday morning, Markit released its latest set of data on the state of the UK's construction sector, and to say things didn't look good would be an understatement. The sector slipped into contraction for the first time since April 2013, hitting just 46.o, a shock fall from an already ...
Will Martin / Business Insider   |   Mon, 4 Jul 2016 16:29:17

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

"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

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

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

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

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