2016 Postmortem
Related: About this forumDow is down -650, and so it begins.
This will not be good for Europe or us...
Trump will jump all over this.
Response to CK_John (Original post)
rjsquirrel This message was self-deleted by its author.
BlueNoMatterWho
(880 posts)HamiltonSwan
(38 posts)Unless Drumpf can somehow figure out a way to sell the American public that Hillary Clinton is responsible for Brexit it's a nothingburger politically for him, despite the breathless tone of the OP.
You'd be hard pressed to go out on any street in America and round up 10 people that A-Know what this means and B-would GAF about it if they did.
And frankly watching the UK's economy go belly up over the next couple of months doesn't seem like it's going to be much of a selling point for Drumpf either if he's going to try to make hay over it. It will be a bloodbath for the pound.
What that means is vigilance and hard work is needed. And lots of it. If the effort is there he will be beaten soundly. The end.
LonePirate
(13,417 posts)Anyone with half a brain knew Brexit would deal a severe blow to the markets and the global economy which means a severe blow to the US markets and economy. When there are significant economic problems at home, the party out of power almost always defeats the party in power on Election Day. In this case, Trump represents the party out of power while Hillary represents the party in power.
Trump knew Brexit could only help him so he backed it. Now Brexit has won and he's waiting for the long term impact or benefit for him.
orwell
(7,771 posts)...People will be so thrilled with a crashing currency and stock market that they will vote for it again!
Beacool
(30,247 posts)The pound sterling is already plummeting against the dollar. Unfortunately, it will also affect the EU and us. We live in a global economy and we are all interdependent.
leftofcool
(19,460 posts)Beacool
(30,247 posts)It's too soon to gauge the long term consequences of the split, but the UK is one of our biggest trade partners and it will probably adversely affect us.
joshcryer
(62,269 posts)...but will fail miserably, since he advocates isolationism.
BlueNoMatterWho
(880 posts)joshcryer
(62,269 posts)elljay
(1,178 posts)their intellectual analysis stops with words than have more than four letters. If Trump says it's good, it's good.
joshcryer
(62,269 posts)Have to worry about people seeing Brexit as a good thing and something to aspire to for the US. Brexit is essentially Trumpism. Isolated, divided, nationalist, xenophobic wall building.
It won't be good for Britain and the American people aren't stupid enough to want it.
Trump's supporters will see whatever they want to see.
forjusticethunders
(1,151 posts)Brexit is essentially Trumpism
KingFlorez
(12,689 posts)It's hard to see how he exploits something that he supports.
jillan
(39,451 posts)And life got in the way.
Dang.
joshcryer
(62,269 posts)This will temper AMDs rise a bit though. The RX 480 is a winner.
Just some profit-taking.
flamingdem
(39,313 posts)what do those terms mean?
joshcryer
(62,269 posts)So the stock market impact will be minimal.
AMD is a graphics/computer chip maker who is bringing a new product on the market (RX 480). It's going sell really really well.
flamingdem
(39,313 posts)brentspeak
(18,290 posts)The beginning of the end of the 1%-driven rigged global economy. Which can only be a good thing.
Now it's time for the US to exit the middle-class destroying WTO.
Hoyt
(54,770 posts)brentspeak
(18,290 posts)CountAllVotes
(20,868 posts)And so it begins indeed.
B Calm
(28,762 posts)Dem2
(8,168 posts)Some kind of angle on seeing Trump benefit or something because nobody really knows?
CK_John
(10,005 posts)It's just what it is.
leftofcool
(19,460 posts)CK_John
(10,005 posts)Binkie The Clown
(7,911 posts)In the long run, nothing changes at all.
Just another round of hair-on-fire the-end-is-near prophets of doom doing what they do.
One thing you can be sure of. The Wall Street insiders will make a fortune off the amateurs that will over sell everything out of shear, ignorant panic.
In the end, the only issue is "Do we support democracy, or don't we?" Which ever way it goes, the people will have spoken.
Kelvin Mace
(17,469 posts)no matter who won, half the country is pissed off. You are right about stocks going up and down, but there is an exception: When stocks go down below a cerain point and derivatives of mass financial destruction begin to detonate, popping bubbles and exposing rotten investments. Then the whole economy can implode.
Binkie The Clown
(7,911 posts)Kelvin Mace
(17,469 posts)but precious metals are almost always a bad long term investment. Volatile is their middle name.
bigtree
(85,986 posts)...based on a stock market cycle?
HamiltonSwan
(38 posts)msongs
(67,394 posts)Purveyor
(29,876 posts)BlueNoMatterWho
(880 posts)SaschaHM
(2,897 posts)Something that he has publicly advocated for caused this. If anything, I wouldn't be surprised to see the Clinton campaign throw this in his face.