Putting cookies aside, I think the British pro Brexit camp have hugely undertimated how difficult it will be to negotiate an agreement with the EU. Met several French recently and they all shared what is open hostility to the British for their decision. At a wider level amongst other EU nations there is utter bewilderment at the British decision. Looks like the pro Brexit brigade are intent on killing the golden goose.
Deutsche B.. with a mkt value of 14b.. not to far from AIB's. mkt vakue.. the politicians will keep pounding this bank through elections.. if past performance by BKIR is of any indication, D Bank will probably continue to skid..
if DB has a mkt value of 14b... how is it possible the penalty is also 14b..? you might as well throw the keys on the ground and simply walk away.. there is no solution
so far ,the Germans have had poor luck with the obama adm.., vw has 15 b in penalties for the diesel problem.. D Bank has another 14 b for toxic mortgages..
the swiss have been luckier.. UBS gave a lot of money to the Hillary foundations ; the legal woes of UBS are minimal..
Will save the uk....borris even the royal family got more than they bargained for ,now they need sarkozy to win election or their wont be a uk ....also hope deutchebank are supported by ecb or germany...no one needs another lehmans crash
leadership are now exposed for dithering... Like I said before they are in headless chicken mode. Is clear now May and many in government are against Brexit and are playing for time to see if they find a way out of it. I think May calls election fir Q1 or Q2.
oil is recovering the market.. it produces inflation with higher prices.. interest rates are not inmune from oil. but .. it is a finite resource.. my perspective on energy. .. this fragile earth may be in trouble the way we. are headed
one of my comments in marketwatch regarding energy.. the oil spike today.
the alleged oil oversupply is a gigantic myth.. at 95mb day.. a fractional loss of hours.. of a few short days of interruption could cause sudden out of proportion $ spikes.. a large use of the energy is the internet usage , it is out of control.. a frenzy.. . in the late 1999's it was estimated the internet consummed 10% of world energy.. today it is likely in the 20-30% range.. the internet has created a voracious need for smart phones, huge data centers that consume more energy than large towns.. just 2 companies - facebook and google generate over 20% of all internet traffic.. add all the so called clouds. for e mails, junk data, and other useless data, pictures that are uploaded daily.. without the internet you might have an extra 25mb day available.. the internet is not only burning the polar caps, and overheating this fragile earth,, but also causing great wars and tension.. the internet energy frenzy is absorbing every possible oil drop worldwide.. the oversupply is an illusion..
according to Opec studies, daily worldwide consumption was at about 90mb day in 2012.. it is projected to reach 96 to 97 mb day by 2018.. a huge daily increase in a few short years..
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