Wednesday 15 June 2016

EU ref diary -7 days.

Wow, last blog I said 'the observations is basically over for me'... Which was not a sensible thing to say...

The second you go into finance there Brexit is!

So let's look at this, here is the FTSE for the past three months:


So, basically, when the news was that the polls were all coming out for Brexit it plummets. When the news is that Juncker is coming to visit and the Chancellor George Osborne threatens a punitive Brexit tax of £billions, they go back up...

I suppose it's quite sensible, markets have a faith in government to intervene and bail them out, they run on an absolute obedience to government... Especially of bailouts... Which is what the ECB is saying:


So what the ECB will do is say we're going to bail out the markets in the case of Brexit and then if we do Brexit the stocks will go up not down? Who knows. If they resort to buying equities that really will be quite amusing... Central banks controlling both the bond market and equity market.

Also, obviously, any country that needs a bailout will need English cash going through the ECB. Without that it won't happen and Greece et al. will tend towards default... I'm sure the ECB can't print their way out of that!

So... Here we are! I have not done enough to prep. I've been just working, sleeping, and reading about Brexit... What's going to happen... Well whatever is I don't want to be caught out!

No comments:

Post a Comment