Election was Brexit redeux baby!!!

[skookerasbil]

Check the DRUDGE headlines this morning..................

Analysis: Trump Would Have Beaten Obama in '12!
THE NEW NEW WORLD ORDER...
Victory ensures conservative majority on Supreme Court for generation...
Californians plan secession...
Celebrity 'Moving Sale' Posters Flood LA... Liberals Compare to 9/11...
Justice Ginsburg 'Dissents'...
Win exposes social media's blind spot...
Pollsters suffer biggest embarrassment in history...
BLACK MOB VICIOUSLY BEATS WHITE TRUMP VOTER...
'You gonna pay for that shit!'...
Protests turn violent...
'People have to die'...
TWITTER Erupts With Assassination Threats...
Trump fared well with women voters despite media assault...
Unbearable smugness of the press...


DRUDGE REPORT 2016®



Who is this a nut sack kick for?

1) Obama
2) Aunt Hilda
3) Every asshat progressive in America!!


Have been kidding or 48 hours about the level of head explosions but this is serious derangement syndrome we are seeing.

And Im still laughing.........I suspect Im going to spend the next 4 years laughing!!

 

[waltky]

Granny says, "Dat's right - the sky is fallin'...

Investors turn wary as Brexit, Trump uncertainty grows
January 16, 2017 ) - Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risk.

The dollar <.DXY> rose, except against the yen, rebounding after suffering its worst week since November, when it was hit by a lack of clarity over what Trump, whose inauguration is on Friday, will do once he assumes office. U.S. markets were closed for a holiday, potentially exacerbating price moves in thinner than normal trade. The price of gold, a frequently sought haven in uncertain times, hit its highest level since November. "(The movement) shows that people are looking ahead this week with Trump's inauguration and discussions on Brexit. There is a lot of uncertainty moving forward," said Brian Lan, managing director at Singapore-based gold dealer GoldSilver Central Yields on low-risk German government bonds fell, but those on Italian equivalents rose after rating agency DBRS cut Italy's credit rating after markets closed on Friday, a move that could raise borrowing costs for the country's banks.

But the eye-catching mover was sterling, a day before a speech by British Prime Minister Theresa May. Media reported that she would lay out an exit from the EU that would see Britain lose access to the bloc's single market. The pound <GBP=D4> fell as low as $1.1983 in thin early Asian trade, which, barring a sudden "flash crash" in October, was its weakest against the dollar in 32 years. Investors will scrutinize May's speech for clues to whether she plans to prioritize immigration controls in a "hard Brexit" that some analysts say could hurt the economy. The fall in sterling, which makes UK exports cheaper, has contributed to an unprecedented 14-day rally in the blue-chip FTSE 100 stock index <.FTSE>.

A worker shelters from the rain as he passes the London Stock Exchange in London​

The index fell marginally on Monday but still outperformed continental European markets. The main STOXX 600 index <.STOXX> fell 0.7 percent, as declines in autos and banks offset a rally in eyewear makers Luxottica <LUX.MI> and Essilor <ESSI.PA>, who agreed a 46 billion-euro merger. German carmakers BMW <BMWG.DE>, Daimler <DAIG.DE> and VW <VOWG.DE> fell 2 percent after Trump warned he would impose a 35 percent border tax on vehicles imported to the U.S. market. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> eased 0.6 percent, Japan's Nikkei <.N225> lost 1 percent as the strong yen hit exporters.

Sterling last traded at $1.2043, down 1.1 percent on the day. The euro was up 0.6 percent at 87.95 pence <EURGBP=> while the yen was up 0.8 percent at 137.45 to the pound. "Every time there’s hard Brexit headlines, that triggers a fresh bout of selling," MUFG currency analyst Lee Hardman said. "The fact that the sell-offs usually happen during periods in which there's less liquidity increases the risk we could have a sharper sell-off (today), but as we saw in the flash crash that doesn't mean that's fundamentally justified," he added

The dollar index <.DXY>, which measures the U.S. currency against six of its peers, rose 0.4 percent. The euro <EUR=> fell 0.5 percent to $1.0592 while the yen, another perceived safe haven investment, rose 0.4 percent to 114.07 per dollar. U.S. markets are closed on Monday for a holiday. German 10-year bond yields fell 1.9 basis points to 0.25 percent <DE10YT=TWEB>. Italian 10-year yields, by contrast, rose 2.7 bps to 1.93 percent.

ITALY DOWNGRADED

See also:

Sterling skids to three-month low as 'hard Brexit' fears bite
Mon Jan 16, 2017 | Sterling skidded to its lowest levels - bar a "flash crash" in October - in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a "hard" Brexit out of the EU and its single market.

Sterling fell as much as 1.5 percent against the dollar and 2.5 percent against the yen. That shifted the spotlight away from the greenback, which has come under pressure in recent days as investors ponder U.S. President-elect Donald Trump's likely economic policies after he takes office on Friday. The pound plunged to $1.1983 GBP=D4 in early trade in Asia, depths not seen since a bout of thin liquidity triggered a "flash crash" on Oct. 7 that wiped as much as 10 percent off the pound in a matter of minutes. Apart from that, it was the lowest level since May 1985. By 1230 GMT (7:30 a.m. ET) sterling had managed to climb back above $1.20, but was still trading down more than 1 percent on the day at $1.204.

Dealers said the market was reacting to various media reports over the weekend that said May would signal plans for a "hard" Brexit in her speech on Tuesday, saying she's willing to quit the European Union's single market in order to regain control of Britain's borders. "Every time there's 'hard Brexit' headlines, that triggers a fresh bout of selling sterling," said MUFG currency analyst Lee Hardman, in London. "It's almost impossible to see Europe allowing the UK to remain a full member of the single market if it wants to regain control of the border and the laws and wants to strike its own agreements."

Bank notes of Euro, Hong Kong dollar, U.S. dollar, Japanese yen, GB pound and Chinese yuan are seen in this picture illustration​

Hardman added that the weekend reports were "not really new news", as May's government has consistently pointed toward giving priority to immigration controls over single market access, and that was why sterling had not fallen further in London trading hours. U.S. markets were closed on Monday for Martin Luther King day, which means liquidity will be lower. "The fact that the sell-offs usually happen during periods in which there's less liquidity increases the risk we could have a sharper sell-off (today), but as we saw in the flash crash that doesn’t mean that’s fundamentally justified," said Hardman.

Citi's head of European G10 currency strategy in London, Richard Cochinos, said Britain's hefty current account and budget deficits meant it was heavily dependent on foreign capital. The more uncertainty investors feel over Britain's place in Europe, he said, the more investment dries up - the key reason for sterling's weakness. May has said she will trigger Article 50 - starting the formal EU withdrawal talks - by the end of March. But so far, she has revealed few details about what kind of deal she will seek, frustrating some investors, businesses and lawmakers.

"SAFE-HAVEN" YEN

Related:

Pound falls ahead of Theresa May Brexit speech
Mon, 16 Jan 2017 - Sterling hits its lowest level against the dollar since October's flash crash before later edging back up.

The pound has hit its lowest level for more than three months on reports Britain was set to quit the EU single market as part of its Brexit plans. Sterling fell more than 1% to below $1.20 before recovering slightly. The pound also sank to a two-month low against the euro, falling to 1.13 euros before edging up again. Analysts said traders were reacting to reports that UK Prime Minister Theresa May would use a speech on Tuesday to signal a so-called "hard Brexit".

Uncle Ferd says she's even shriller lookin' dan Hillary - if dat's possible​

Reports have suggested she will signal pulling out of the EU single market and customs union, although Downing Street described this as "speculation". The pound has fallen about 20% against the dollar since June's EU referendum, to lows last regularly seen in 1985. Much of that volatility has been due to uncertainty about the economic impact if the UK gives up its tariff-free access to the EU. The pound lost ground against all major currencies except the Turkish lira, which is under pressure because of investors' concerns over the economic and political outlook there.

'Great for UK'

The pound's latest fall comes as US President-elect Donald Trump said in an interview with The Times that the fall in the pound was "great" for British business. Mr Trump suggested his Scottish golf course in Turnberry had benefited from the fall in the value of sterling, and that "business is unbelievable in a lot of parts in the UK". A weaker pound helps make UK firms more competitive abroad, but it also makes foreign holidays and imported goods more expensive. While Mrs May has said she will trigger Article 50 by the end of March, starting the formal withdrawal from the EU, few details of the kind of deal she will seek have been revealed. Several of Sunday's newspapers claimed Mrs May would this week outline a "hard Brexit" approach.

The currency movement, though, was "clearly another political drop for sterling", said Jasper Lawler, an analyst at London Capital Group. "The pound is now back into flash crash territory," Mr Lawler added. The flash crash on 7 October saw the pound drop to its lowest post-referendum level - below $1.19 - before recovering. Reports of the UK leaving the single market are "like kryptonite" to traders who back the pound, said Kathleen Brooks, an analyst at City Index. She said the drop had shown foreign exchange traders were "not confident that Theresa May can deliver the necessary clarity and confidence when she lays out her Brexit plans in a speech on Tuesday".

Even though Mrs May has been linked to a "hard Brexit" approach before, it is seen by many traders as a downside for the pound, and so every headline can "generate another wave of selling", Ms Brooks added. Laura Lambie, senior investment director at Investec Wealth and Investment, told the BBC that Bank of America was forecasting the pound could fall to as low as $1.15. "We have got a very, very busy week in terms of the reporting season," she said. "We've got the banks continuing to report, we've got Trump's inauguration at the end of the week, Janet Yellen speaking a couple of times and obviously we've got May's speech. "There's a lot for the market to digest over the next five days, so I suspect the pound may well be a casualty of that," she added.

Pound falls ahead of Theresa May Brexit speech - BBC News

 

[skookerasbil]

Golobalism is ghey