this shows that politics without economic power and money is meaningless,thats why they couldnt just create a political entity and call it EU,it will just be as toothless and spineless as UN.Money is god,in god we trust.....before China open its borders and began industrializing,before china became rich and powerful,nobody respected china.but now the anglo prime minister former british colonial overlord david cameron drinks beer with president xi jinping.
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Serious Brexit - runifyouhaveto
- Thread starter Runifyouhaveto
- Start date
this shows that politics without economic power and money is meaningless,thats why they couldnt just create a political entity and call it EU,it will just be as toothless and spineless as UN.Money is god,in god we trust.....before China open its borders and began industrializing,before china became rich and powerful,nobody respected china.but now the anglo prime minister former british colonial overlord david cameron drinks beer with president xi jinping.
Although current administration of pappies is dumb and inefficient, one must give credit where credit is due. Without the leadership of LKY assisted by capable team of Old Guards, sinkie land would have long gone into the drain. This is the truth but those who hated pappies or LKY do not accept it.
It is up to the PM Cameron to carry out the will of the people. As far as the separation from EU is concerned, they're bound by the Lisbon Treaty and until they trigger clause 50, UK remains a member of the EU and they will have to abide by the rules.
The fall in indices across the globe was just the reaction of investors who were unwinding their positions predicated on a favorable remain outcome. The main event has yet to come and I suspect it may never actuate as long as the UK chooses not to do so. Uncertainty is likely to be prolonged in the Euro zone.
On the second trading day, the selldown continues,
looks like the central banks are really not keen to save the market this week to convey a strong warning against BREXIT-copycats.
By doing nothing, policyholders can better protect their rice-bowls.
Latest Euro 2016 results (Not closing prices):
US DOW -300pts
UK FTSE -142pts
Germany DAX -265pts
France CAC -126pts
looks like the central banks are really not keen to save the market this week to convey a strong warning against BREXIT-copycats.
By doing nothing, policyholders can better protect their rice-bowls.
Latest Euro 2016 results (Not closing prices):
US DOW -300pts
UK FTSE -142pts
Germany DAX -265pts
France CAC -126pts
Brussels will probably excludes UK from some EU obligations and ask UK to revote again.
Saw an article about Deutsche bank......as was quoted, as DB goes, so does Europe......
Every country wants to do trade with China now so China's concern is not economic. Xi jinping's comments about destablised global system points towards HK and Shanghai (yes - mutterings of a break away "Shanghai Republic" are emerging too. Dumb.)
Last year, there was a persistent rumour that we will see $12 for a local financial institution in 2016.
Let me go dig it out:
a financial institution is in deep shit too
Their investment arm is sitting on many listed counters with >30-50% losses
because the investment bankers colluded with the EDs in the same bank
The Investment bankers took up stakes in listed local O&G, Construction & minor Property companies
At the same time, the EDs made their RMs provide massive loans, trade facilities and OD facilities to the same companies companies, making so made so much money from revenue points
Some of these companies turned sour and the banks' risk dept want to recall some of the risky loans
but they cannot because their investment arm also invested in their customers.
conflict of interests
https://sammyboy.com/showthread.php?212383-Singapore-After-The-Next-Election&p=2256350#post2256350
OCBC - about $9 now
UOB - about $19 now
DBS - about $18 now
If the rumours mentioned that target price is $12 in 2006,
Guess whether it is OCBC cheong until $12 or the other two drops until $12.
Pure rumours ok, not financial advice.
https://sammyboy.com/showthread.php?213400-Bloodshed-Continues-on-STI&p=2265920#post2265920
Looks like the odds are higher now.
But again, these are purely rumours.
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