Online Trading with the Italians Producing another Earthquake
The British are coming, proofing themselves as trail blazers which caused a tsunami of political turmoil in Europe after Brexit. The ripples have now hit the Italians who recently voted a resounding “no” on their internal reforms referendum and bumped off their Prime Minister, Matteo Renzi to resign. Now that Mr David Cameron and Mr Matteo Renzi have time on their hands, we can look forward to seeing them as a pair on the speaker circuit.
Strangely, the European Share Index rallied round and rose slightly higher which sent the Dow Jones Average to an unexpected record close. Most economists would expect it to flip the other way or is the market speaking on behalf of the people, for the people and by the people. 2016 is by far, the most dramatic year in politics since the Thatcher years.
Although the Italians voted no on Sunday and rejected Mr Renzi’s …