Is Boris really the front runner to replace May shortly ? She will resign within weeks it seems, too many calling for her to quit... With May ousted, Boris likely to head the conservative party, the EU knows it's over and might as well refuse another extension past the 12th of April cause a non EU situation will be happening if Boris in charge. Trump who hates the EU, endorsed Boris Big day Friday
Jacob Rees-Mogg, leader of the pro-Brexit European Research Group has said he would support May if the DUP would also either agree or abstain. Jacob Rees-Mogg is considered as a very smart man. After the 180° turn the remainers will probably tell he is an idiot. Futur will tell if he is, or they are. At the same time DUP constantly changes their opinion: DUBLIN (Reuters) - The deputy leader of the Northern Irish party propping up Prime Minister Theresa May's government said a Brexit outcome that keeps the United Kingdom more closely aligned to the European Union is now a possibility. Typical British: stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave... no, stay... no, leave The Bank of England says Brexit is costing the UK economy £800 million ($1 billion) a week as the uncertainty causes investment to drop and forces consumers to tighten their belts. That's more then double the amount they send to the EU every week. The Society of Motor Manufacturers and Traders said Thursday that the number of cars produced in Britain plunged over 15% in February compared to last year, the ninth consecutive monthly decline.
https://jonworth.eu/brexit-where-now-the-flow-diagrams/ 28 versions already and still changing all the time.
Hundreds of thousands, (expected to be in the millions) of Brexit supporters descend on London. Peaceful protest atm...hope it doesn't become ugly....
With regard to last weeks ANTI Brexit March, the million number is disputed by factcheck.org: https://fullfact.org/europe/peoples-vote-march-count/ It’s impossible to say with precision how many people attended the march. However experts in crowd estimation put the number at between 312,000 and 400,000. So a mere 400k tops!
The European Commission has put out a statement in response to Friday's vote. It warns that a no-deal Brexit is now a "likely scenario" and says such an outcome will be significantly worse than Britain leaving with the a Withdrawal Agreement. "The Commission regrets the negative vote in the House of Commons today. As per the European Council (Article 50) decision on 22 March, the period provided for in Article 50(3) is extended to 12 April. It will be for the UK to indicate the way forward before that date, for consideration by the European Council. A “no-deal” scenario on 12 April is now a likely scenario. The EU has been preparing for this since December 2017 and is now fully prepared for a “no-deal” scenario at midnight on 12 April. The EU will remain united. The benefits of the Withdrawal Agreement, including a transition period, will in no circumstances be replicated in a “no-deal” scenario. Sectoral mini-deals are not an option.” European Council President Donald Tusk had earlier confirmed that an emergency summit of European leaders will take place on April 10, two days before Britain's new exit date.
The thing is UK doesn't really need EU. And that's what is scaring EU because that threatens the very necessity of its existence and if UK doesn't EU then who else doesn't?... That's why EU is trying so hard to come up with those scare tactics basically forcing UK and the rest of the world to think that UK is going to crumble without being in the EU so to force UK to at least exit with the pathetic withdrawal agreement forced upon May. The reality is the other way around. UK will be just fine and would be even better exiting EU even with no-deal and it would be significantly worse for Britain leaving WITH the Withdrawal Agreement. UK will truly crumble if it exits EU still enslaved to the terms in the autocratic withdrawal agreement.
It's chaos in the UK as we speak, Frexit people are in the UK with UKIP... Le Peine and leavers in France will try to oust Macron through Yellow Vest help. Europe needs a crisis ASAP or it'll be political Anarchy soon enough, a deep recession would quell the people down. May is retiring in two weeks, Boris coming out victorious... This is insane, complete 360 from the narrative that was unfolding for years until few weeks ago, everything changed. Super bearish now, the fact EU desperately needs a crisis, points to guarantee No Deal and mass sell-offs across markets worldwide. UK won't hold EU Elections, there for making another Extension not possible in there eyes. Gonna be a cold summer!!!
That's the kicker... The machines are literally day per day, the days of anticipating are over. When it snaps, it's straight free fall like Dec 13 when ECB announced stopping of QE, Dow lost 2805 from Dec 13 to 24, 8 trading days I believe... And nothing had snapped, it was just ECB announcing QE stopping and Fed likely to raise rates by 25 bps, world macro data weren't too bad per say at that time, it got quite worst since The Stock market sell-off won't be gradual, it will be extremely vicious and fast, likely to last 2-3 months at most until Powell is singing the alphabet with Nirp, Birp, Zirp, Smurf's and QE5 to prop up market equities. Germany Manufacturing PMI next month will trend lower then when Lehman Collapsed, and CNBC telling us everything is fine, won't be a recession for 2 years ? That's space cadet fiction, I remember somebody writing he seen on CNBC in early September 08 that everything was fine and stocks were cheap. ECB pretty much socialized EU banks, that's how bad they anticipate the defaults to be, some banks in Italy got taken over by ECB or constant life support, EU finished it's Japanification last month... Those are very very bad signs of things to come, in terms of real economy, can't speculate of effects on Equities on that part Can you imagine the destruction coming with Buybacks stopping which created the bubble of 2019, Pension funds who sold Bonds end 2018 to buy Equities in early 2019, pulling everything out for Profit and cover, majority of countries worldwide being in a recession as we speak, and a No Deal Brexit ? Earnings are for Q1 are due soon, I would say 90 % + will report significant YoY revenue decline, although they will beat " analyst " estimates to try and keep fiction going. What happens when the world " discovers " Tesla is using deposits as cash flow in few months ? I have slightly more then 50 % of Account in PUTs, closing a option position next week, then waiting until No deal situation, gonna follow it down to the second and blast remaining in PUTs if No Deal goes through, wait a bit more for markets to rise if long Brexit Delay