Atilla
Legendary member
- Messages
- 20,853
- Likes
- 4,031
Not big into politics but watched many over night UK and US election result from Australia.
The markets epp and flow when the results come in, all good fun.
With a vote out.
I think the YEN will fly higher and the USD will get smashed, maybe not against the pound, will hold back there rate rises until the dust settles.
Markets will get smashed around the world, great buy and hold into year end if that happens.
I will just keep my day flutters small on the ASX that day.
Personal view would vote out.
The UK never adopted the currency so never been fully committed.
Plus the EU is just another tier of government that business pay's for.
And don't see any countries in the EU reducing there size of government to allow for the extra work taken on by the EU.
Any way can't vote been left the UK too long.
The killer will be uncertainty, knock on effects and tremours around the globe.
Based on that article link you posted which I thought was fair and balanced, thinking about it, outside of finance and building UK doesn't have much productive capacity.
I concur with layers of government but see it as a necessary evil to coordinate and manage global issues.
I see places without strong government like Africa and Latin American countries and think do we really want to end up like them?
Balance is key.