The Brexit Recesssion

[cieldumort]

Brexit May Be Global Economy's Undoing
Global Recession 2016 Odds Way Back Up
Recession 2016 and Financial Crisis 2016 Risks Seen Spiking

It had looked like the US economy (and indeed, the global economy) was getting a good enough break to regain enough...
Posted by Recession Journal on Thursday, June 23, 2016

Comments

[madman101]

I am unable to view videos with my current set-up. But it is my feeling that the pro-Euro folks have probably won. Now let me tell you a little secret. I was hoping that the vote would be to leave. I knew this would unsettle the market, (as did George Soros), and trigger some really bad times. I believe that really bad times are coming soon, and overdue. And SOMETHING is going to trigger them, it might as well have been the Brexit vote. Just to get the collapse out of the way. I'm a progressive, lol.

[cieldumort]

Yuck. I think that the global economy could have really done without this. I'm not sure if I understand you correctly, but are you saying you actually want a collapse, because it's inevitable, anyway? Like, just get it over and done with, now?

[aasin]

Collapse is pretty obvious in the US, China, and elsewhere. It is just kicking the can down the road at this point.

[cieldumort]

Collapse isn't inevitable, but we really need a paradigm shift, not more of the same.

[cieldumort]

European banks open absolutely tanking: Barclays off 30%, Lloyds off 30%, Deutsche Bank off 16%, Credit Suisse off 15%
Posted by Recession Journal on Friday, June 24, 2016