Capital moves quickly in today’s world. Trade with countries and companies around the world is efficient and prompt. With such movement a co-dependence can occur. If one country catches a cold it can effect others.
First British Vote since 1975 – To Stay or leave the European Union
David Cameron, current British Prime Minister promised a vote for the British people on the possibility of leaving the European Union. Here is a terrific BBC summary of the entire event and great background. Cameron desires staying in the EU.
Given the afore mentioned co-dependence, capital market fluctuations will likely occur as the polls drift back and forth on the vote. Currently the vote is seen as being VERY CLOSE!
We have no position either way, however as countries become larger and more independent, it does not surprise us on a desire for such vote.
Buckle up as the vote is Thursday June 23rd, and may make for interesting headlines along with violent moves by trigger happy traders who may be standing in for their elders who are in the Hamptons !
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
$treet-¢ents 
Will the European Union/Euro Survive ?
The neat thing about listening and visiting with so many “Experts” last week is when several crossovers occur. By crossover, we mean different experts unknowingly saying the same thing.
European Union Survival?
The Euro, a combination of 28 different countries (founded in 1999) all linked to one currency with a common goal of trade and a common currency to ease flow of funds, had a shot fired across the bow of its boat in 2016 with the British vote – Brexit – vote to leave, costing David Cameron his job.
David Cameron (the newly much higher respected) former Prime Minister/President of Britain, who lost his job over the locals vote to leave, said there is only one thing that would cause the Euro to split.
Oddly, a terrific crossover by Canadian Economist, Derek Burleton (more fantastic info to come soon) echoed the same EXACT kryptonite for the European Union.
Marine Le Pen elected as France leader would mean possible end to European Union
We do not have a say, we are not familiar with Mrs. Le Pen, we are only announcing what two VERY distinguished experts said exactly the same un-knowingly at different moments at our event.
Mark the calendars as the election is April 23, 2017 !
Of course a split up of the European Union would have consequences for the global economy. We have interesting thoughts on these possible “consequences” should this occur….closer to the vote !
For the record, both Cameron and Burleton gave a very low probability of Mrs. Le Pen being elected.
Thanks for the forecast !
Have a GREAT “Forecast” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
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Posted in Investing/Financial Planning, Market Comments, Political, World Political
Tagged David Cameron, Derek Burleton, EU, Euro, European Union, Marine Le Pen