Brexit 101 (Page 46) - Traders Hideout | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout


Brexit 101
Started:February 27th, 2016 (10:02 AM) by xplorer Views / Replies:14,891 / 470
Last Reply:December 3rd, 2016 (05:24 PM) Attachments:44

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 44  
 
Thread Tools Search this Thread

Brexit 101

Old November 10th, 2016, 04:08 AM   #451 (permalink)
Elite Member
Amsterdam
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: 6B GU 6E EU
 
jtrade's Avatar
 
Posts: 223 since Feb 2010
Thanks: 276 given, 176 received


Tymbeline View Post
it's that I literally can't understand, on any level, how people can come to imagine that this is a possible outcome.

You mean like Trump becoming the next President of the US of A ?

Let's wait & see ....

Reply With Quote
     
The following 2 users say Thank You to jtrade for this post:
     

Old November 10th, 2016, 05:47 AM   #452 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 2,910 since Dec 2012
Thanks: 9,244 given, 5,659 received
Forum Reputation: Legendary


Tymbeline View Post
... how people can come to imagine that this is a possible outcome.

My tenner says the EU itself fractures before we get chance to officially leave it in its current form, regardless of Article 50 triggering or otherwise. Think about the timescales that will be involved and the trends now in place on world stages.

A new reformed entity or one of several potential children may then be a more appropriate club, if membership of anything is still deemed desirable at all.

My own opinion is that it is irrelevant to most lives in any case, these trends were going to form regardless. An inclusive organisation such as the EU could only ever have been formed somewhere near a peak in human optimism, with support from the grandest Ponzi scheme in history.

The future's bright, the future's Orange.

Cheers

Travel Well
Reply With Quote
     
The following 4 users say Thank You to ratfink for this post:
     

Old November 10th, 2016, 06:20 AM   #453 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,367 since Jan 2011
Thanks: 977 given, 2,068 received

Calexit


We may have to add CalExit soon...

Californians are calling for a 'Calexit' in wake of Trump's win - Business Insider

This could have legs for a number of reasons. Its now twice in the past sixteen years that California has been part of a majority that has been denied the winner in the Presidential election. It has also been part of the majoity popular vote for the House of Representatives which was awarded to the minority in the recent past. People are getting sick of what appears to be a patently unfair and undemocratic system. Additionally, Californians are tired of waiting around for people in far away 'battleground' states with whom they have little contact to determine their destiny. More and more, by the time the polls close in cali, it feels like votes here don't even count anymore. I think Californians are starting to feel like they need to take control of their own destiny.

Obviously, a lot of this will depend on how the Trump presidency develops but, think of this akin to a Scottish independence vote.

Reply With Quote
     
The following 4 users say Thank You to srgtroy for this post:
     

Old November 10th, 2016, 07:24 AM   #454 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 2,910 since Dec 2012
Thanks: 9,244 given, 5,659 received
Forum Reputation: Legendary

Votes count little in our current Western democracies compared to the dominating effects of globalisation and technology, and the coming wave of automation will further compound that. Politics will eventually be seen as a historical aberration which appeared to give ordinary people some control, but in reality was always just a smokescreen to bury all protest.

Democracy was a such a quaint notion really, then again buying votes with false promises has always been a winner.

Travel Well
Reply With Quote
     
The following 3 users say Thank You to ratfink for this post:
     

Old November 10th, 2016, 07:27 AM   #455 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 334 since Apr 2015
Thanks: 709 given, 396 received

Futures Edge on FIO

ratfink View Post
My tenner says the EU itself fractures before we get chance to officially leave it in its current form, regardless of Article 50 triggering or otherwise.


This is a possible outcome, IMO. Opinion polls in so many countries speak of increasing popular desire for countries to leave. The democratic deficit, and constantly attempted ever-increasing fiscal and political union could easily tear the thing apart. (My suspicion is that that's going to take longer. The UK is perhaps the first of many bricks taking themselves out of the wall.)

Reply With Quote
     
The following 3 users say Thank You to Tymbeline for this post:
     

Old November 10th, 2016, 07:34 AM   #456 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,367 since Jan 2011
Thanks: 977 given, 2,068 received


ratfink View Post
Votes count little in our current Western democracies compared to the dominating effects of globalisation and technology, and the coming wave of automation will further compound that. Politics will eventually be seen as a historical aberration which appeared to give ordinary people some control, but in reality was always just a smokescreen to bury all protest.

Democracy was a such a quaint notion really, then again buying votes with false promises has always been a winner.

As long as there are people, there will always be politics. That said, I agree with you in that both internal and global dynamics outside of anyone's control often shape the agenda. Mostly, you just get to pick who you think will react more wisely to the exigent circumstances.

Reply With Quote
     
The following 2 users say Thank You to srgtroy for this post:
     

Old November 10th, 2016, 07:47 AM   #457 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 2,910 since Dec 2012
Thanks: 9,244 given, 5,659 received
Forum Reputation: Legendary


srgtroy View Post
Mostly, you just get to pick who you think will react more wisely to the exigent circumstances.

Mostly you just get to pick who you think will do least damage to your own circumstances.

Travel Well
Reply With Quote
     
The following 5 users say Thank You to ratfink for this post:
     

Old November 10th, 2016, 08:29 AM   #458 (permalink)
Market Wizard
Medellin, Colombia
 
Futures Experience: Advanced
Platform: TPV/ Custom / R
Favorite Futures: Futurama, Buck Rogers, Minis
 
Rory's Avatar
 
Posts: 1,997 since May 2014
Thanks: 3,755 given, 5,564 received
Forum Reputation: Legendary

Look at population growth since time began, growth, decline (war, disease, some famine though that was usually the result of more modern nation states) its the same as any long term chart steady linear-ish growth. Then came antibiotics and everything changed. Almost everything we do for peace and human happiness accelerates resource consumption so we have a certain (terminal) problem.

Look population at it since 1946, just going up and since 1994 (Rwandan Genocide, the last major one) steeply up with little war losses.

We have a massive consolidation and nearly exponentially growing billions will magically jump to a new planet in 20 years?.. A mega "selloff" of volume is about to happen if this were a chart. We are in a gigantic peace bubble and the US, Chinese and Russians (and Euros but..) leaders see the high level demographics so are positioning themselves for aggression and a resource fight.

look at this (CNN conservatives, sorry, but get past that) Africa on the world map: What's the real size? - CNN.com and get a grip on the real size of the Earth and its nations, not the distorted map version. Let that sink in to your trader mind.

Cooperation and cool headed elegant thinking (often fairly agressive) is my thing, makes me love living. Fix the problems and patch as needed. We might reach a solution via technology faster if we don't melt down.

edit: As a "Wizard" haha, somewhat over-rated title, I must add some Gandalf/Tolkien:
“Some believe it is only great power that can hold evil in check, but that is not what I have found. It is the small everyday deeds of ordinary folk that keep the darkness at bay. Small acts of kindness and love. Why Bilbo Baggins? Perhaps because I am afraid, and he gives me courage.”

Of course the world rabbit will save is all.

Attached Thumbnails
Brexit 101-rabbit-world.jpg  

Last edited by Rory; November 10th, 2016 at 08:46 AM.
Reply With Quote
     
The following 6 users say Thank You to Rory for this post:
     

Old November 22nd, 2016, 05:31 AM   #459 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 1,547 since Sep 2015
Thanks: 2,639 given, 1,922 received
Forum Reputation: Legendary

Britons’ household wealth down £1.2tn

Fall largely because of plunge in sterling after Brexit vote

Households in the UK have lost 10 per cent of their overall wealth as a direct result of Brexit, a report from Credit Suisse found.

In the space of 12 months, approximately $1.5tn (£1.2tn) has been wiped off the value of household wealth, which includes both property and investments, as sterling dropped against the dollar, the Global Wealth Report 2016 found. Since last year, the UK has lost more in percentage terms than Turkey and Colombia.

Argentina, also hit by adverse currency movements, saw a 27 per cent drop and Ukraine, still mired in a territorial dispute with Russia, fell by 19 per cent.

Yet despite the hit, the UK remains relatively wealthy when compared with other nations. The report revealed that more than half the population holds wealth of over £80,000. More than 2.2m in the country have assets of more than £810,000 — despite this number having dropped by 420,000 over the 12-month period.

Michael O’Sullivan, chief investment officer of the international wealth management division at Credit Suisse, ascribed the majority of the decrease to sterling’s fall against the dollar.

Since the UK voted to leave the EU on June 23, sterling has dropped by almost 20 per cent against the dollar.

However, he warned the precarious nature of the housing market could mean the £1.2tn figure could be set to rise. “[The number] is slightly flattered by the fact that the bond market rallied and equities were just off a little bit – and it doesn’t yet capture the property market.

“It could be potentially larger in dollar terms. Looking to the future, you could say the gilt market is back to where it was pre-Brexit and that the property market is starting to come off.

“If the economy doesn’t recover, wealth could fall further,” he added.


From FT

Reply With Quote
     

Old November 22nd, 2016, 07:52 AM   #460 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 1,547 since Sep 2015
Thanks: 2,639 given, 1,922 received
Forum Reputation: Legendary


It may be a naive assumption but shouldn't the above article stress that the value being wiped out applies only if one buys a home in a currency other than GBP?

In other words, given the house value in the UK seems to keep going up, what difference does the article above make if I'm in UK and I want to buy a house?

Perhaps I'm not taking something else into consideration?

Reply With Quote
     
The following user says Thank You to xplorer for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > Brexit 101

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Trading Technologies: ADL hands-on

Dec 13

Normal webinar schedule resumes after the holidays

January

Ernie Chan: Risk Management

Elite only

Dedicated Trading Servers: Advantages/Disadvantages w/sam028

Elite only

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
disable sim 101 ness1g NinjaTrader 6 August 9th, 2016 08:39 PM
Future 101 website? jjanguda Commodities Futures Trading 3 May 18th, 2015 11:04 PM
Probability 101 Hotch Traders Hideout 61 February 6th, 2015 11:28 AM
Bugs Trading 101(Techniques,Setups etc) bugsbunny Trading Journals 82 July 19th, 2012 11:03 PM
True Wealth 101 Ch.1: Food. cclsys Off-Topic 1 January 5th, 2010 08:30 PM


All times are GMT -4. The time now is 06:42 AM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
 
no new posts
Page generated 2016-12-10 in 0.15 seconds with 20 queries on phoenix via your IP 54.166.37.177