European Union

Why Brexit Is Better For Britain

Mises argues that whenever the state meddles with the free market, it reduces the standard of living that had prevailed prior to any state intervention. Essentially, a Brexit will remove another layer of government intervention from the lives of Brits, and therefore there shouldn’t be any fear of a Brexit. On the contrary. A Brexit may hold the key to make Europe abandon a doomed course, bringing it to its senses and back onto the road of freedom and prosperity.

Is This The "Morally Unacceptable" Reason Why Cable Flash-Crashed?

Update: It appears the catalyst for the flash-crash in Cable was headlines about Pro-EU campaign executive director Will Straw's "morally unacceptable" plot to use Jo Cox's death to make case for Remain and "call out" Brexit supporters...

GBPUSD just air-pocketed 100 pips - shortly after a very boring 2Y Treasury auction. The plunge from 1.47 to 1.4575 was extremely sharp.

European Stocks Surge Most In 10 Months (To One-Week Highs)

Europe's Stoxx 600 index surge 3.7% today - the biggest rip since the bounce after August 2015's crash - as hope runs wild that The UK will stay in the zombified European Union. Spain and Italy are leading the surge, as are banks (especially UK banks)...

Frontrunning: June 20

  • Britain's rival EU camps resume campaign as polls show momentum for 'In' (Reuters)
  • Britain's 'In' campaign wins more support, buoys markets (Reuters)
  • Brexit Campaigners Are Deceiving Voters, Cameron Says (BBG)
  • German trade body lowers export forecast: 'Brexit is poison' (Reuters)
  • Beyond the Turmoil, Central Bankers Dread Brexit’s Shadow (BBG)

Global Stocks Soar, Pound Surges Most Since 2008 As Brexit Odds Tumble

Global equities rallied and the pound strengthened the most since 2008, soaring by 300 pips since the Friday close as polls signaled the campaign for the U.K to stay in the European Union was gaining momentum. Haven assets including the yen, U.S. Treasuries and gold slumped. The Stoxx Europe 600 Index surged by the most since February as the MSCI Asia Pacific Index advanced with S&P 500 futures.  Haven assets including the yen, U.S. Treasuries and gold slumped.

UK Chancellor Demands Brexiters "Tone Down Rhetoric," Then Compares Them To Nazis

With the 'Remain' campaign having the momentum, the establishment are oh-so-carefully capitalizing on the death of MP Jo Cox, no matter what the facts are. In the latest piece of hysteria-mongering, a perfectly hypocritical UK Chancellor George Osborne demanded Brexit supporters use more "facts" and less "divisive political debate" seconds before comparing UKIP to the Nazis and reasserting his discredited doomsday predictions for the economy.

Greeks Send An Open Letter To UK Citizens About Brexit

Dear friends of democracy in the UK,

We want to express our solidarity as we know that you have to take a historical decision for your country and for your people, as we did last summer. On 23rd June 2016 you will have to decide in a referendum on the United Kingdom’s membership of the European Union. A referendum is a direct democratic element, the highest expression of the peoples will, a privilege and a rare opportunity in the European Union.  You have now the historical chance to mark your national independence day and stop the further transformation of Europe into a European dictatorship.

Read This Before The Government Uses The Orlando Shooting To Start Another War

Despite the CIA’s report acknowledging it found no tangible connections between Mateen and the so-called Islamic state, the narrative concerning his ISIS ties saturated mainstream headlines for days, almost certainly cementing the link in the public’s mind. Disgruntled politicians eager to overthrow Assad - thus also carrying out Saudi goals - can now facilely flip the script to assert deposing the Syrian government is necessary in the fight against everyone’s enemy, the Islamic State..."Failure to stem Assad’s flagrant abuses will only bolster the ideological appeal of groups such as Daesh [ISIS, etc.], even as they endure tactical setbacks on the battlefield."

JPMorgan Reports 3-5% Lead For "Leave" In Brexit Referendum

While normal poll results have been delayed on Friday as the Brexit campaign takes a day off following Jo Cox's death, moments ago JPM broke the polling embargo and as Reuters reports, JPMorgan said on Friday it saw a lead for the "Out" campaign in Britain's European Union referendum, based on an analysis of opinion polls. "Our attempt to clean up the polls for methodological issues suggests a lead for leave in the 3-5 percent range at the time of writing," researchers said in a note.