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The
world's ruling elite expected the June 23, 2016 United Kingdom Brexit vote to
fail. Investors who believed these elitists were shocked when this referendum
won by 52-48 percent, launching a countdown to separation between the UK and
European Union. This triggered a worldwide seismic shockwave that on Friday, June
24, wiped out more than $2 trillion from global markets. If these investors had
heeded the advice and warnings that monetary expert Craig R. Smith and I have
set forth in six books, they could have profited
handsomely while this giant “Money-Quake” shook the planet and set assets
tumbling. A word to the wise: this Brexit vote is the first of many more soon
to come. Read our books and quickly pick up the broken pieces of your
investment portfolio. You will want to move quickly at least a portion of what
remains before the falling dominos and other pains of aftershocks hit. [more...]
Yesterday,
the British people voted in a national referendum to declare their independence
from the European Union. The ruling political establishment, right and left,
had joined to crush this populist uprising with a campaign of fear and
authority. But a majority of voters, sick of the European rot that has been
destroying the Great in Great Britain, pushed back – and history changed. Brexit’s
victory unleashed a shock wave around the world that for a time halted stock
trading in Asia, sent Dow futures plunging by more than 700 points, drove the
10-year Treasury bond yield to modern record lows, and sent gold surging
upwards by more than $80. [more...]
U.S. stock markets are now factoring in more than a 50%
chance that the Federal Reserve will increase the Fed funds rate in June or
July. Rate hikes are positive for most financial stocks because the
companies then earn increased fees on customers’ deposits. In addition,
withering expectations of a global recession are fueling growth prospects for
financial institutions, bringing increased investor attention to the
sector. Consequently, bank stocks are turning bullish, with stock price
charts surprisingly in sync with each other. [more...]