{"id":2143,"date":"2016-06-27T11:04:56","date_gmt":"2016-06-27T11:04:56","guid":{"rendered":"http:\/\/nayrb.org\/~blog\/?p=2143"},"modified":"2016-06-26T23:51:20","modified_gmt":"2016-06-26T23:51:20","slug":"brnegotiations","status":"publish","type":"post","link":"http:\/\/nayrb.org\/~blog\/2016\/06\/27\/brnegotiations\/","title":{"rendered":"BrNegotiations"},"content":{"rendered":"

In my some<\/a> recent<\/a> posts<\/a>, I’ve talked a little bit about the implications of the ‘Brexit’ vote, an what I thought the actual outcome would be (a re-negotiation of the EU-UK treaty\/treaties).<\/p>\n

It turns out that some other people have similar opinions<\/a>:<\/p>\n

”
\nAlmost alone in continental Europe, Merkel tried to slow the rush to get Britain out of the EU door. Europe’s most powerful leader made clear she would not press Cameron after he indicated Britain would not seek formal exit negotiations until October at least.<\/p>\n

“Quite honestly, it should not take ages, that is true, but I would not fight now for a short time frame,” Merkel told a news conference.<\/p>\n

“The negotiations must take place in a businesslike, good climate,” she said. “Britain will remain a close partner, with which we are linked economically.”
\n”<\/p>\n

Others say that Brexit is a warning, but not a catastrophe<\/a>:<\/p>\n

”
\nBrexit is a Bear Stearns moment, not a Lehman moment. That\u2019s not to diminish what\u2019s happening (markets felt like death in March, 2008), but this isn\u2019t the event to make you run for the hills. Why not? Because it doesn\u2019t directly crater the global currency system. It\u2019s not too big of a shock for the central banks to control. It\u2019s not a Humpty Dumpty event, where all the Fed\u2019s horses and all the Fed\u2019s men can\u2019t glue the eggshell back together. But it is an event that forces investors to wake up and prepare their portfolios for the very real systemic risks ahead.
\n”<\/p>\n

(For those of you who don’t know who Bear Stearns<\/a> and Lehman Brothers<\/a> are, they were the two largest investment banks which fell because of Mortgage-Backed Securities<\/a> during the 2007-08+ financial crisis<\/a>.<\/p>\n

Finally, for the most cogent response to this crisis, we turn to Chuck Tingle<\/a>, and his most recent novel on just this subject:<\/p>\n

Pounded By The Pound: Turned Gay By The Socioeconomic Implications Of Britain Leaving The European Union Kindle Edition<\/a>[1]<\/p>\n

[1]If you’re not sufficiently warned by the title of that novel, I don’t know what to tell you.<\/p>\n","protected":false},"excerpt":{"rendered":"

In my some recent posts, I’ve talked a little bit about the implications of the ‘Brexit’ vote, an what I thought the actual outcome would be (a re-negotiation of the EU-UK treaty\/treaties). It turns out that some other people have similar opinions: ” Almost alone in continental Europe, Merkel tried to slow the rush to … Continue reading BrNegotiations<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[29,13],"tags":[],"_links":{"self":[{"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/posts\/2143"}],"collection":[{"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/comments?post=2143"}],"version-history":[{"count":2,"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/posts\/2143\/revisions"}],"predecessor-version":[{"id":2148,"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/posts\/2143\/revisions\/2148"}],"wp:attachment":[{"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/media?parent=2143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/categories?post=2143"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/nayrb.org\/~blog\/wp-json\/wp\/v2\/tags?post=2143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}