Deutsche Bank in Germany is suppose to be financially weak.
And when Britain voted to leave the EU, they were suppose to be the first of many.
If there is a major bank failure in the EU or if the EU fails.......
Do you think that would create a problem in the U.S. and cause stocks to decline at the same rate as they would in the EU or do you think that it would help us because Europeans would be buying dollars to protect themselves from the declining value of the Euro and their stock market?
---------
Are we at a point right now where it feels like it’s accelerating. People all over are very unhappy about what’s going on. If you read history, there are a lot of similarities between now and the 1920s and ’30s. That’s when fascism and communism broke out in much of the world. And a lot of the same issues are popping up again.
Brexit could be a triggering moment. This is another step in an ongoing deterioration of events. It’s also an important turning point because it now means the central banks are going to print even more money. That may prop the markets up in the short term.
A recession is starting, it is already in place. But if you look at the averages and the bond market, they still go up.
That’s because all the central banks are running their printing presses as fast as they can, and Brexit means they’ll run them even faster. Except for the central banks printing a lot of money, the entire market would have tanked by now.
Ironically, with negative interest rates in so many places around the world, investors are putting their money in the U.S. because they think the dollar’s a safe haven and at least there’s still yield in the U.S. But history shows it’s not sustainable.
much more......
-----
http://www.businessinsider.com/brexit-was-nothing-compared-to-whats-coming-2016-8
