EU presidency urges Britain to ditch Brexit

Editor: Philip Ragner | Tactical Investor

We cover multiple arrays of topics for one simple reason. The world is interconnected, and it is not only financial factors that drive the markets. Geopolitics is another major driving force behind the markets. Crowd Psychology dictates that if you focus on the tree, you will forget that the tree is part of a forest and in doing so you will miss the bigger picture. For example, George Soros is behind the surge in fake stories, the massive Anti-Trump riots and the funding of plethora of revolutions that seek to change the existing regime. Having the ability to cross analyse multiple factors with an open mind provides you with a much clearer picture of what to expect from the financial markets. On that note, we think you might find the following story of interest:

No one can claim to have mastered the markets fully and anyone that does lay claim to such a title should be avoided like the plague. For example, after QE all the rules changed and many time-tested indicators simply ceased to work because the operating environment had changed forever. The markets were suddenly hit with a force that they had never been hit with before. A fed that was determined to destroy any shred of free market forces left in the market. This surprised everyone, and it even caught us off guard initially. Many so-called experts refuse to accept that they made a mistake or could be wrong. Bull Markets Vs Bear Markets & Arrogance

Bulgaria, which holds the presidency of the EU, on Thursday warned of poor progress in Brexit talks and told Britain it was still not too late to abandon its plan to quit the bloc.

Boyko Borisov, the Bulgarian prime minister, said he had so far seen nothing in the talks on Britain’s exit in March 2019 to give him hope for a good outcome.

The comments will come as a blow to British Prime Minister Theresa May as her senior ministers embark on a flurry of speeches to outline Britain’s ambitions for Brexit.

‘I really hope that the talks on Brexit will take a turn, so that no damage will be incurred for anyone,’ Borisov told reporters in Sofia, where EU foreign ministers are gathering for talks.

On Wednesday British foreign minister Boris Johnson, who was a leading figure in the campaign to leave the EU, called for Britain to throw off EU rules and to view Brexit as an opportunity.

But Borisov urged Britain to reconsider its decision to leave, comparing Brexit to a family break-up.

‘When people divorce, sometimes they get together again because of the children or other common things they share, so when we realise and they realise that it’s hard for us and hard for them maybe we will find some smart compromise.’ Full Story

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