You can login if you already have an account or register by clicking the button below.
Registering is free and all you need is a username and password. We never ask you for your e-mail.
Oh what the hell, I thought WSJ was better than that. This is Buzzfeed-level clickbait.
The article is based on TWO HOURS of data, and doesn't show anything that could be reasonably described as a "fall". Over those two hours, Dow Jobes and S&P 500 dropped by a whooping 0.6% and Nasdaq by 0.7%. Yes, surely the end times are upon us all, because that's totally not what those indexes do every single goddamn day. "The euro fell 0.5% to $1.1118" - that's just laughable.
My inclination is that such a fall-out would so impactful for the world economy, it simply won't occur. That is, the major players won't allow it to happen. To that end, I can see the establishment making big moves: installing a sympathetic government or ensuring the referendum is rigged. I think this is a situation where things are allowed to get right up to the edge, the distraction is confirmed, and then disaster averted.
Recent history would confirm that theory. They certainly saved the banking and insurance agencies and 2008 and they very well may do the same for governments and banks. But how many times can that be done when there really isn't any money.
China had it all, or so everyone thought. Or at least they have the right to call in the loans from the US.
I really do believe this can only go so far and for so long.
Sort: Top
[–] zippo 0 points 2 points 2 points (+2|-0) ago
Oh what the hell, I thought WSJ was better than that. This is Buzzfeed-level clickbait.
The article is based on TWO HOURS of data, and doesn't show anything that could be reasonably described as a "fall". Over those two hours, Dow Jobes and S&P 500 dropped by a whooping 0.6% and Nasdaq by 0.7%. Yes, surely the end times are upon us all, because that's totally not what those indexes do every single goddamn day. "The euro fell 0.5% to $1.1118" - that's just laughable.
[–] [deleted] 0 points 1 point 1 point (+1|-0) ago
[–] OhBlindOne [S] ago
Their economy will collapse and the U.S. will be left without..... well, everything.
[–] 519924? ago
A comment on the article said, "Relax, it is far worse than you think.
I believe it is.
[–] bill.lee 0 points 1 point 1 point (+1|-0) ago
My inclination is that such a fall-out would so impactful for the world economy, it simply won't occur. That is, the major players won't allow it to happen. To that end, I can see the establishment making big moves: installing a sympathetic government or ensuring the referendum is rigged. I think this is a situation where things are allowed to get right up to the edge, the distraction is confirmed, and then disaster averted.
[–] 520087? 0 points 1 point 1 point (+1|-0) ago
Recent history would confirm that theory. They certainly saved the banking and insurance agencies and 2008 and they very well may do the same for governments and banks. But how many times can that be done when there really isn't any money.
China had it all, or so everyone thought. Or at least they have the right to call in the loans from the US.
I really do believe this can only go so far and for so long.