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steviemcfly:

dorothyparkerwashere:

steviemcfly:

Just read that the US stock market is about to collapse tomorrow because of the Brexit. All of our markets are about to drop 4-5% in the morning according to current predictions. That’s not far below the early days of the 2008 collapse. And that’s going to somehow be blamed on Obama, which is not good for the Democrats in November. The UK’s fascists kind of just fucked over the entire world.

No. It managed to fuck over the US. Shockingly, the U.S and Europe are not the whole fucking world. The rest of us exist and we are much larger than the US and UK combined. We’ll be fine. Let’s not act as if y'all are a superpower that can effect us anymore. You’re not.

The US is 24.6% of the global economy. The EU is 21.9% of the global economy (26% if the UK is included). Both are large enough trading partners with the other economic powers that trouble for us means trouble for China, which makes up 15% of the global economy, and Japan, which makes up another 6%. Between just those four nations/entities, even if no other nation is affected in any way (which is obviously impossible), it has a negative effect on 71.6% of the global economy.

So maybe take a moment to think before you speak, especially if you’re going to get self-righteous on a subject you clearly know less than nothing about.




Jun 26.2016 | 14787notes -
posted by:mineapple - via & src






  1. tamal007-world said: In such an uncertain geopolitical environment, how all the major indices are performing, where they finished on last trading session, which stocks are performing best, which are losing the ground- get all the update and stock specific latest news of US equity market in a single platform. bit.ly/2Mewmau #Globalnews
  2. tamal007-world said: #Turkey’s currency crisis and continued trade tensions weighed on investors’ confidence. The relatively small economy of Turkey and its currency crisis could spread a negative impact on economies with exposure to the country as well as few U.S. companies also have significant direct exposure to it. Turkey’s raising tariff on American product escalates the trade tension between this two trade partner. The steep plunge in Turkey’s currency, which is pushing the dollar
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