23 Thursday Jun 2016
Posted | June 23, 2016 10:41:16 | Economics
The pound is plunging, equity futures are plunging, and US treasuries are soaring. Congratulations are due anyone who predicted this outcome.
This is over. Leave wins.
British Pound
From top to bottom the one day move hit 9%.
Matt Singh had the audacity to tweet this about Nigel Farage comment “Remain will edge it” I responded.
Then added ….
Singh will delete both tweets to him.
Mike “Mish” Shedlock
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
Well called and commentated the whole way Mike – you’re one of the few to call it anywhere near correctly.
I dont think so. Mish said Remain would win 52-48!
Well, he predicted the percentages. Only the other way round!
Anyone know what Nate Silver predicted?
I am proud to say I had it exactly in April.
https://notreadnotextant.wordpress.com/2016/04/19/predictit-trading-brexit/
Reblogged this on The Most Revolutionary Act and commented:
*
*
Brits vote to leave EU>
The people who matter are on to you Zionists and Israelis.
Let me know when this is not just another Greek Bailout referendum.
Seen it before, smell it before,…..
Honestly, does anyone think that the EU or UK powers that be will allow this to occur?
In order to extend, they will need to pretend.
The Eurocrats definitely want to extend their grasp over Britain, but now must pretend that the voters support them.
Gold way up, GBP way down. Panic moves. Will not last.
nice trading opportunity though 😉
This british astrologer predicted a brexit in frebruary
http://www.jessicaadams.com/2016/02/22/how-astrology-predicts-a-brexit/
She also predicted that there could be thunderstorms on the day of the vote.
She is predicting a vote to leave the union by scotland and a breakup of the euro within three years.
It’s truly gratifying to see Brexit win. I am reminded of the refrain to Rule Britannia:
Rule Britannia! Britannia rule the waves. Britons never, never, never shall be slaves.
It’s high time for ‘The Establishment’ everywhere to be rocked to its foundations.
Hopefully the American people will follow the British lead and decisively reject the lying termagant Hitlery Clinton in November.
I dunno Bob, but did you see the celebration they had in Cleveland on Wednesday?
First professional sports championship they’ve had since 1964. That was Barry Goldwater’s year I think. Bodes well for the GOP convention getting held in Cleveland this summer. Maybe we’ll see an upset there.
It was us in the North Of England that did it:)
The north of england? Working class? Mining?
Who cares who predicted what? The point is that the people are waking up albeit slowly. This move by funny lips Cameron has backfired, and now he has to eat crow. He was trying to blackmail Europe and hopefully they will get rid of him… Another phony like Churchill.
Churchill was no phony but you are – you’re a moron.
Churchill was a drunkard and a phony!
Ok smart guy why was he a winner? I think you are funny lips? Haha
Think “Tapp” has Churchill and Neville Chamberlain confused
Not confused! Chamberlain was murdered to allow the man of the people Fat Churchill to be appointed by King George. The man of the Elite born in a palace…not of the people.
Churchill – not so great.
http://www.counterpunch.org/2016/01/25/winston-churchill-britains-greatest-briton-left-a-legacy-of-global-conflict-and-crimes-against-humanity/
“Not so great”??? Churchill was a lying drunkard taking monies from the Zionist group called “focus”. He lied to the people that Hitler was going to attack Britian, but he had to as he was already compromised. The Zionist wanted this war w Germany to further the Jew agenda. How do you explain Hess’s letter to Britian stating that Germany wished no war w them? You can’t because it was part of the plan that war was needed to further their goals and Churchill had bought into that agenda. No Hero! This is why Chamberlain had to be removed as he likely would have tried to negotiate a settlement w Hitler. Same think today w people like Cameron, and many others who have bought into the NWO neocon agenda.
I am amazed by this result. Not that Brexit is the will of the people, but amazed that TPTB allowed this result…
I was CERTAIN the masters would rig this vote for Remain.
mpower – then perhaps we can conclude that this was what they wanted all along, otherwise, you’re right, they would have rigged it.
I’m shocked! A victory for the people, even if it’s short lived. Hail to the Brits! You’ve restored a sense of sovereignty to your great nation. God bless you for resisting the globalists. But the fight is not over. Now you must be vigilant and SAFEGUARD your vote!!! The globalists will try to steal it from you. You must protect what you’ve earned!!!
I’ve never been happier that my forecast was wrong!
Time for a celebration! Rejoice!!!
Glad to see Britain break away from the jackboot of Juncker!
Barack Hussein Obama, right up there with Sir Lionel Sackville-West, British Ambassador to America, who in the 1888 Presidential election was foolish enough to write a letter saying Grover Cleveland was the best man from Britain’s point of view, thus giving the election to Benjamin Harrison who did as little in 4 years as his grandfather did in 40 days.
This means nothing,,,,until they actually leave,,,which is highly unlikely after the vote is nullified by the actions of the remain interests.
The EU is too big to fail, sans all out war.
Someone just said that this is the nearest thing to a revolution since Cromwell. That it is! That British politician who just lost her life, very tragically, will make politicians think twice about trying to nullify the vote.
Good morning from my little corner of Europe, of Europe, not EU to me any longer. The dawn chorus has started and the moon is high overhead even as day is just about beginning.
I think we owe a big thank you to Mish for keeping us informed and better on track than about any other author I know of with relation to the UK referendum (amongst various).
An honour to share this small piece of history with you Mish.
Many thanks.
Like!
An unexpected and encouraging result for working, responsible people everywhere. Now we just need to keep the momentum going. MSM will be going into overdrive in the propaganda department and who knows what scary incidents will be manufactured to remind us all that our safety and welfare are utterly dependent upon our Zioglobalist-entrenched bureaucracies.
It’s morning in England.
Wise choice. Get as far away from Mario’s negative rates as possible.
David Cameron just resigned.
While I was for Leave I never felt that Britishers will bite the bullet and also felt the authorities will somehow twist the vote in favor of Remain. That it did not happen is just great. Now hopefully the new PM does not do a Alexis Tsipras and ignore the verdict (IMO, politicians in power will do anything to get what they want). I am glad Jo Cox’s unfortunate death did not change the verdict (as it was likely to do, which would have been silly).
Let the drum roll begin for FREXIT, GREXIT, IrEXIT, SPEXIT, ItEXIT, DEXIT and more to come… more so if UK economy gets going… and the scaremongering is shown up for what it is.
Very happy for today. Hats off to the 52% who showed the middle finger to the scaremongers…
From yday morning, in a wet London rush hour, it was clear that brexit would benefit. Heavy rain from 5-7pm brought a majority for brexit a real possibility.
Young less committed voters inLondon didn’t turn out
On such vagaries do the twists and turns of history turn
The impact on Spanish voters on Sunday should not be under estimated
Democratic hooliganism rules OK
Best wishes, Brian (Dennehy)
Sent from my iPad
>
I cannot remotely think of any impact on the forthcoming Spanish elections. Spaniards do not have a clue what the EU is or what it may mean being in or out of it. They just care about football and tapas. Not to mention a long-rooted anglophobia that distorts any news coming from the UK.
The far-left Podemos have a big mouth, but if they ever get to power they will prove to be more or less as corageous as Syriza. As I see it, the real problem in Spain is internal.
Does anyone really believe the Queen was going to give up her castle that easily?
Do not expect any big changes right away from this. The biggest change will be referendums in other EU countries. The average person in Great Britain will see few things change. The government will make only minor adjustments for as long as they can until forced to make true reforms from EU norms.