I too believe in free markets but in reality, there reallly is not such a thing. Free markets must be regulated to assure a level playing field not to handcuff business Once the regulations are in place they should not be slowly and steadily weakened by legal verbiage that makes it impossible to enforce. There must be severe and enforced penslties on the individuals that were responsible, not the public corporation. You know at least the kind of penalties your average low level drug seller gets. The enforcement agencies should be well funded rather than gradually diminished. Of course much regulation doesnt work. It is designed that way in order to even be passed. If it was taken seriously like average street crimes while it wouldnt cure all ills, there would be more trust and faith in the system. But this ridiculuous universtity of chicago mantra that repeats" regulation is bad" . Evertine i hear this mantra repeated by mostly republicans and libertarians i feel like im watching a hari krishna member. If our governent ( mostly republicans) took the big business msnipulation of our prized system half S seriously as they took the american italian mob in the 70's and 80 's we could go far to insure this free market you refer to
Do you suppose its coicidental that highly sucessful private corporations control the portion of company options available ti executives and still manage to innovate and grow. Is it coincidental that public companiescontrol the level of debt they take on to grow while public companies leverage as much as they can get away with.
Most individual investors are advised by experts to diversify ussually via mutusl funds or index funds yet there very design assures the indiviual investors have nothing to say about the individual companies they are invest ed in.
Lastly, the 2008 debacle was a direct result of lack of regulatiion most importantly on derrivatives, which as far as they can tell are approximately 600 trillion of them globally
Ever see the movie "Putney Swope". Everyone on the Board voted for the Black guy on he Board to be the new Chairman because they each felt THEY would be the only token black vote. Putney won and the rest is history. Hilarious movie.
What's wrong with wanting a president that actually loves his country? I'm sick of anti-American leftists trying to knock this country down.
Trump has more executive experience than Obama and Hillary combined. Sure, he's had failures, but he has obviously learned from his mistakes and built a great company. Obama and Hillary can't do anything right. Everything they've touched has turned to #$%$.
Oh, and because Americans love their country and want people to immigrate LEGALLY doesn't mean we're racist. America is not the homeless shelter for the world. The real racists are the leftist cultural marxists who push white privilege, PC, critical race theory, and conflict theory. Do some reading about the Frankfurt Institute, cultural marxism and their goals. Leftist academia has adopted these ideas and are brainwashing our kids with this garbage. Do let them do it to you.
"and then people like Trump can become presidents and not just in the US but all across EU.... very scary"
Whats more scary is Hillary Clinton, UI would vote for RinRin Tin before putting that lying #$%$ in office .
EU is in the more difficult position. what you're witnessing is EU FUD. EU sells more to GB than GB sells to them. EU has more to lose should they treat GB like an enemy. If GB succeeds independently it increases odds that others leave. If EU bullies GB it makes EU look even worse to it's detractors. Volatility will dissapate and cooler heads will prevail. Let's face it. EU should have never happened. Nationalism will eventually lead to others withdrawing as well. Only the ignorant would sacrfice their independence to a ruling party that they didn't vote in and can't vote out. The last to leave would be Germany. They've gained tremendously w the EU (to the detriment of other member nations) by replacing the expensive deutchmark w the Euro, thus making their exports more affordable.
Someday the world's citizenry will realize too much globalism isn't a good thing. Too much of anything....isn't a good thing. "Walls" (individuality) make good neighbors. From an economic standpoint do you really want a single global economy with wild and deep economic swings? How many near global depressions can normal folks survive? That's the biggest threat arising from globalism.
I believe in free markets, I believe wealth is created by entrepreneurship and can not be mandated by government rules and regulations, but we agree on one thing, since 2004/2006 the middle class has been diminishing, people are unhappy with their economic prospects and turn to government for more free staff, politicians love these days to promise free healthcare, free education and blame everything on the rich, very convenient, political ambitions and gridlock is what slowing down this country not 1% of rich people, and yes when you got a lot of unhappy people who can't afford college for their kids then they gradual start filling up with hate, hate for immigrants, hate for gays, hate for Mexicans, etc, and then people like Trump can become presidents and not just in the US but all across EU.... very scary
yes, monetary policies implemented since 2008 failed to produce expected economic growth, on the other hand monetary policy is just an emergency band aid designed for emergency short term intervention, what we really need is new fiscal policy that never came because our politicians failed us, lack of strong political leadership across the western world is why we are headed towards political landscape filled with nationalistic and racist ideas, I guess there is a reason why very smart people been saying "buy gold" for the last 6 months
Gas i think you have it wrong. Its not regulation its lack of finsncial regulation that is at the root of western civilization upending. Read the book "makers and takers" by Rans Foroohar. It explains financialization of business. This is all the residue of finacialization and the accompanying 2008 collapse. The bottom 80 % of western populations have been screwed, nobody goes to jail and the top 20 % prospers. Mostly without real wealth being created. These are the seeds for revolutions
In this country, youve got the revoulutionary donald trump voters and then the republicans are mostly falling in line to vote party lines.
How any rational intelectusl thinking person could vote trump is no less astounding to me
After the exit settles the EU is better off. I suspect Scotland and Northern Ireland will reenter soon. England and Wales are forming the new union. Lol. In a few years those guys will look like big losers.
I am not political person, I just want to make money, but this brexit business has me really worried in terms of where we are headed (we meaning developed western world)...
last night Guy on BBC literally said he only voted "leave" because he didn't think his vote would count and he regrets it.
I mean, that's the mentality you're dealing with. Idiots and racists and some I suppose are good people, throwing away the future of the young because they don't like immigrants and think the politicians will fund their health system...
Ireland has already formed a new commerce committee to put together proposals for American companies currently headquartered in England. They will likely be relocating to an EU country to maintain access to open tariff free trade.
Sterling has dropped to the lowest level since the 1985 recession era.
Once the exit is complete, England will have to renegotiate trade agreements with the European countries they want to continue working with. EU member council has already said they will not negotiate a single trade deal with them, that comes only with membership.
Scotland is likely heading for another independence vote, which has a higher probability of success this time as Scotland voted to remain in Europe by an almost 20% margin. If they secede, they take with them 80% of British oil and gas production and active fields.
There is also the primary politician, Nigel Farage, who's primary target in this was the older population and the racist population who promised the 350 million pounds a week they send to the EU would be used to fund the national health service and then completely backtracked on it right after the result became official.
nationalistic and I should say racist moods are rising, this is what happens when for more than a decade now dumb regulations and inept politicians kill economic growth prospects for most middle class people, this is very, very troubling trend...
N.I.C.E. which is governing body for medicine in the UK is very stingy, they hardly want to pay for anything, most companies bring just 2% or less of their revenues from the UK, if tomorrow UK evaporates from the surface of the earth the IBB should only drop 2%, my point is the impact of brexit in terms of sales in the UK is really next to zero, however I think the issue is strengthening of the dollar relative to euro, this is what casing the pain, EU now is a big mess and brexit generated a lot of doubts and uncertainties about the future of EU which means euro will keep getting weaker and dollar gets stronger, this is very bad for stocks, I hope central banks say/do something to stop this troubling trend
"Did Kerx hold off on making a deal in the EU pending the outcome of the Brexit vote?" My answer is, "No".
"Are there now ramifications negative or positive? " My answer is, "No."
people all over the world complain the rich getting richer and the poor getting poorer in the world economy. day traders, speculators creates opportunities for rich man getting poor man's wealth just like that for a short term profit. Those financial institutions can ride through the "storm", I do not think it is a storm, actually a new opportunity or a new order for a future changes. Is the world or Europe going to change? No. Be sensible.
I see similar volumes (high) on a few others. Not sure if this is a carry forward from some of the regular hours trades. The trading sites indicated possible delays today, with a warning on the sites. Check out ACAD, RLYP also for after hours.