BREXIT

Dated: 06/24/2016

Views: 0

Brexit..... My take is that it is not necessarily an anti-Europe vote, it is an ANTI POLITICIAN vote. The British politicians have sold the people out in favor of globalism, and while great for the political ruling class, that's proven to be not what is best for the British people. The Brits standard of living has gone down in the effort to increase the standard of others (less productive European states). If 1 + 1 = 3, that would be fine, but as is usually the case with socialistic policies, 1 + 1 = 1.8. This is the people's way, the middle classes way, of raging against the machine, the political machine. .......... Next up, the good old USA. .........

........ I think it's also the beginning of the end of global QE, which is why you see all markets dropping (except flight to safety bonds). The country's (like England) markets that are better off without globalism will stop dropping 1st and will recover, while countries like Greece's markets will plunge further into the abyss. In any event we all get to somewhere near we would have been had the markets been allowed to find their equilibrium back in 2008 without government intervention. The only difference is that it's been 8 years of pain for many as opposed to a shorter, sharper pain back then. The financial markets equivalent of pulling a band aid off ones  arm slowly, pulling each hair out one at a time, or with one quick pull, ripping them all out at once. Quicker is usually less painful.

Blog author image

Raymond (Randy) Reis III

As a real estate professional, Raymond P. (Randy) Reis III has been a real estate investor since 1983, a licensed sales agent since 2007 having spent 2 + years each at Corcoran and Elliman in NYC, Kel....

Latest Blog Posts

NYC Real Estate Monthly Market Update December 2017

NYC Real Estate Charts & Data RoomSupply4,686 LISTINGS ON MARKET AS OF YESTERDAY- 20.6%  from last month- 3.5%  from last yearPending Sales2,603 LISTINGS IN CONTRACT AS OF

Read More

This Month in Real Estate eNewsletter - November 2017

4 Reasons Why Bamboo Is Taking Home Decor by StormHomeowners are often looking for home improvement options that strike the right balance between affordability, functionality, aesthetics and eco

Read More

The Secret Behind Family Wealth Part II

What You Need To KNOWThe payment of income or capital gain tax on the sale of property can be voluntary thanks to Section 1031 of the Internal Revenue Code which is one of the most underutilized

Read More

The Secret Behind Family Wealth Part I

(Hint: think real estate, “they ain’t making anymore of it”)1st of a 3 Part SeriesOk, so you know all the names, the Trumps, the Dursts, the Lefraks, the Rudins, the

Read More