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This isn't really massively newsworthy or particularly insightful -- however Brexit and it's consequences are though. The only underpinning piece of insight at
by s_dev 10y ago
This isn't really massively newsworthy or particularly insightful -- however Brexit and it's consequences are though.
The only underpinning piece of insight at play I can gather from this piece is that when a currency drops in value it attracts tourists of which I think is fairly basic economics and something that most of HN already fairly au fait with.
I mean this article would be fairly low down on Bloom's pyramid for me. Am I missing something here perhaps?
- ZenoArrow 10y agoI'd suggest the current frenzy surrounding Brexit means that many news outlets are looking for articles to write about it, regardless of whether they're insightful or not. Hopefully things will calm down after Article 50 is invoked and the financial markets stabilise.
- gambiting 10y agoWhy would they stabilise after triggering article 50? At the moment it seems they are going up in hope that no one will trigger article 50, but actually doing it will send them into another plunge once again? No?
- ZenoArrow 10y agoThe media thrives on speculation. That speculation will diminish after Article 50 has been invoked. Markets will almost certainly dip again initially but will bounce back again after the opportunists cash in.
- s_dev 10y ago>Why would they stabilise after triggering article 50? Introduces certainty. No one knows when exactly they'll invoke it or if they will currently just that it seems very likely. Additional knowledge/information changes probabilities. More information means less risk. Less risk, less volatility.