The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
Global markets skidded following the unexpected result from the June 23 referendum, in which Britons voted to withdraw from the EU by a 52 percent to 48 percent margin.
Markets in mainland Europe were hit the worst, with Milan and Madrid each down more than 12 percent for their biggest losses ever. Britain's benchmark FTSE 100 was down nearly 9 percent at one point on Friday, but rallied to close down 3.15 percent.
So basically everybody tanked EXCEPT for the GBP. Well that makes sense. The UK is out baby!
Joshua Hill
Good a collapse needs to happen for anything to change
Jayden Hall
...
David Reyes
Have to be ready to fight, though. Otherwise you're just a sitting duck surrounded by hundreds of millions of communists who are going to kill you with state backing.
Make sure you kill the military families on your block first.
Zachary Cox
Hi, alphabet soup
Owen Lee
They aren't on your side. Thinking anybody but a handful of low-level grunts are anything close to eye to eye with you is going to get you killed.
Kayden Campbell
youre a fucking idiot. kill yourself first. you shouldnt be killing anybody unless they are your armed direct opposition or you have specific information justifying the killing.
Christian Bennett
...
Nathaniel Rogers
Soros literally threatened with destabilizing the economy if Brexit won, and that's a dance he has come to master over the years
Adrian Ross
How are asian markets lookin? This week could be important
Hunter Evans
fbi pls go
Dylan Morris
Oy vey, we can print some more and lease on intrest to you, goy.
Isaiah Carter
wow such sad
but not really
Thomas Parker
Shocking how it's recovered most of the value in the short time since?
Must be some other operators besides the ususal suspects ehh?
Daniel Collins
London is the biggest or 2nd biggest stock exchange on the planet. The rest of the top 5 being former colonies or british trade ports. Pretty sure they can out fuck anyone at stock manipulation when they know it's coming.
Austin Brooks
Oh no muh shekels
Who gives a fucking shit
Aiden Gomez
Shit, that's nothing…
Have you seen the loss of property values the EU member nations have had to suffer because of all of the refugees?
Isaiah Brown
No it didn't. Its an illusion created by mega rich globalists like Soros to make the exit look bad and ebil
Samuel Williams
...
Mason Brooks
This is the problem with jewish banking.
Lincoln Roberts
...
Isaac Hill
Or, a foreseeable consequence of markets panicking under uncertainty due to a substantial change in the governmental policy of a major geopolitcal economic actor.
Or, yeah, it could be a conspiracy. Who knows…
ignorance of economics: the post
Aiden Bennett
Probably a bit of both.
Joseph Phillips
Tell me something with actual value magically disappeared.
All your shit is still right where you left it. There's still just as much gold in national reserves. There's still just as much mineral and oil wealth in the ground. All the manufacturing capacity still exists. Every acre of land is still productive at the rate is was before. Hell, there's even still the same amount of fiat currency as far as anybody who isn't trying to rub coins together to make them breed is concerned.
Blake Sanders
So, you are fine with refugees wiping out the land value of europe?
That's okay to you, because it is gradual and predictable, so you can make money off of it…
Right George?
Isaiah Mitchell
It was a perfect moment to buy stocks at firesale prices and make a tidy profit on gold and silver.
Besides, it looks like it was just for show since it's already recovering.
Jonathan Jackson
Why do they word it like this? It's not like there was this pile of 2 trillion dollars "existed" before everyone started selling their stocks that just vaporized. It's not as if all outstanding stock can be
Whatever real value that the companies had, they still have (for the most part). Wealth simply changes hands.
Thomas Cooper
Good! (((Global equity markets))) need to be wiped out down to zero.
Oliver Barnes
Preemptively killing military families will get you killed faster than anything. In any conflict it is very important to have the military on your side.
Gene Sharpe's proven book "From Dictatorship to Democracy" suggests getting police and military on your side for obvious reasons. I'm sure it works the same way when going from Democracy to Dictatorship.
Nolan Diaz
The British military is one of the few uncucked institutions in the isles, you're asking people to kill their allies.
Austin Walker
Got what they deserved.
Ethan Gonzalez
A temp collapse would be more the result, if anything. Globalists are too scared to totally pull out of the UK, so even their little "scare" is just that. Just to scare the UK and the rest of the world.
They're more afraid of the UK breaking away from the globalist banks, kicking the EU bootlickers out into israel, and showing the world nations (particularly, the left, in question) that they can take a note from hitler and be prosperous without globalist intervention.
Ryder Butler
I mean western
Eli Campbell
The market just returned to the levels it was at earlier in the week, before every fucking money manager started selling his gold and yen to buy GBP, expecting to make an easy profit on Bremain.
Now they are selling their GBP and getting back into gold and yen, at a loss. They are not just stupid, they make less money then passive index-fund investors.
When stocks are low you don't sell. Even during a crisis like 2008, where stocks dropped 50% in value, their dividends only dropped by 20%.
Investors who just sit still haven't lost anything.
Lucas Robinson
Looks like they'll be rationing tendies for a while
Noah Hall
*Great Britain Pound, stocks and other assets
Nolan Perry
No man, you don't get it. An island which has been inhabited by peoples going back about 35,000 years, and has remained relatively unchanged since then (except for the odd 15% of segregated communities of imported Asians and Africans) has turned their back on a 40 year project. There is no future to invest in. This is the worst thing to have happened. Worse than the Romans invading. Worse than the Saxons invading. Worse than the Normans invading. Worse than the Spanish trying to invade. Worse than Napoleon and his allies completely seizing the whole continent. Worse than two world wars. Britain is done. Sell everything off and write it off for good. It's over man. Don't think long term. It's over.
Benjamin Reed
Loose quote from Peter Schiff here: "They don't seem to realize that in their fear that states will leave the EU, they sell their Euro and invest in the Swiss France, in a country which even though it is in the middle of Europe has never been part of the EU"
Brexit is just an excuse to keep the crisis politics running. There will be no rent hike in the foreseeable future.
Nicholas Cook
The market just returned to the levels it was at earlier in the week, before every fucking money manager started selling his gold and yen to buy GBP, expecting to make an easy profit on Bremain.
Now they are trading in their GBP for tendies, and the increased production in the poultry industry is easily compensating for the downturn when the Brexit result was announced.
Justin Wright
Yes, (((they))) did this to create an artificial slump and create panic.
Jose Jackson
People talk like "the economy didn't like Brexit" like it's some sort of angered god.
Meanwhile in the real world, what happened most likely was that people who had an investment in business depending on the EU sold it.
And someone bought it for whatever reason.
It could be as simple as "company X building and maintaining refugee transit camps" doesn't have a future anymore, so they sold to the highest bidder, who probably is after some real estate or similar for future use, and they got it cheap.
It's not like billions "disappeared" from someones pockets. Things got a realistic money value attached to it real fast and people took the opportunity.
Willful exchange of assets and money by consenting adults. Nothing is happening.