Wednesday, June 22, 2016

Economic News , Data & Views ( June 22, 2016 ).... Markets : Volatility In Focus ; Brexit Ping Ponging Impacting Markets ; Debt Becoming Ever More Ominous. 2. Brexit - Polling Data , News Of The Day. 3. Greece Updates De Jour. 4. Odds & Ends. )


Markets....






GBPUSD 1.48







Over the last 20 trading days, the has spiked 47% (14.42 to 21.17) while the S&P 500 is 0.45% higher than where it started. Very rare.






VIX vs S&P







"It's An Alice In Wonderland World" - GRI Warns Debt Is Exploding Everywhere







“Markets can influence the events that they anticipate.” - George Soros






Brexit....







Britain's best polling expert Prof John Curtice tells : The result is simply too close to call








Overall today , polls are mixed. Believe what you like , just vote.






TNS POLL SHOWS 41 PCT OF BRITONS WOULD VOTE TO REMAIN IN EU, 43 PCT TO LEAVE







EU referendum poll: Remain: 42% Leave: 49% (via TNS / 16 - 22 Jun) Prev. methodology (likely voters)







Following the last poll on Saturday which had it level-pegging the latest Opinium online poll has REMAIN 44 LEAVE 45







Opinium, which has LEAVE 1%ahead in its final poll, was most accurate online pollster at GE2015








Today must have been "Call Out Dave , Day ! "







"She said she was going to change “several thousand pounds” into US dollars and euros." Convinced mood shifting to brexit







UK BANKS ARE MODELLING IMPOSITION OF CAPITAL CONTROLS IN BREXIT WARGAMES, FT CITES BANKING SOURCES






"Some banks have warned clients they may be unable to fulfill orders due to insufficient market liquidity — a key concern for regulators."







 








Noting Juncker's comments -now I wonder , if the vote is to leave , how long before Juncker offers to renegotiate?






Sounds likely , despite fear-mongering attempts to the contrary...






Greece....







Tax dodgers sapping Greek state’s payroll funding







Creditors up pressure on Athens






ECB restores cheap liquidity for Greek banks








No-receipt businesses face closure






Foreign investors fled Greece last year





Odds & Ends....











Regretfully so...






Orlando massacre was "revenge," not terrorism, says man who claims he was gunman's lover via






Jordan declared the desert border regions with Syria & Iraq "military zones" after bombing killed 6 soldiers.