That was the headline on Bloomberg less than 24 hours ago.
The following headline was "Brexit Infects Global Markets as Unprecedented Moves Accumulate". What the status quo pushers fail to appreciate is that things aren't rosy like they've been saying for many years. The unfixed financial system and persistent heavy handed central bank interventions haven't improved the real economy. It has only accelerated wealth upward. It was not good optics for Obama to threaten the British people by telling them they would have to go the back of the line if they left the EU. Score this one for rugged individualism against global bureaucratic control.
I haven't believed the lies for a long time so whatever the so called "markets" do tomorrow won't hurt me. In fact, my treasury bonds and gold are surging. Does this mean the entrenched politicians will face reality? Hardly, the Potemkin village economy will probably continue to be pushed until it literally falls over.
I do have some good news. Calculated Risk just pointed out how great mortgage rates are right now.
ReplyDeleteThe bottom half of the bottom half of the glass is half full today! Woohoo! ;)
At least David Cameron can get a good rate on his next mortgage, even without a job. We're heading back to the fog-a-mirror days. And don't get me started on 0% auto loans for 72 months.
DeleteI nearly took a photo of the used car dealer signs not that far from my house. Made me think that fogging a mirror may no longer be necessary.
DeleteOops. Wasn't supposed to get you started. Sorry about that!