Brexit and the Consequences

[dbphoenix]

Why is everything about money with you. There are some things money just can't buy.

Which is commonly a position taken chiefly by those who have plenty.

 

[Splitlink]

No wonder my ears were ringing today.


Just for the record...

Manure takes approx 6 months to decompose.

Human excrement probably about 2 years unless they are vegetarian or vegan in which case it may take a little less.

But... and this is a very big BUT, Brexiters bull will literally take decades to come right. That's assuming it does at all. Stench will be go down in history books. Mark my words...


I see Sterling trying to hold 1.22. 18% drop the news said and we haven't even invoked article 50.

Discovered what I was missing in London with the tube strike. Left bike down South and how much did I regret that. Then felt glad I did as weather was awful on way back.

FTSE's up though. As for BRBY star performer has hit target of £15. Thank you very much. 25% return since June. Howsabout that then? No BS here move along.

Too right, FTSE is going up! All the foreigners are falling over themselves in trying to buy the place, with the pound so cheap. Property is going up, too, right?

Brexit is good for British business. Good for everyone, I think.

Remember how all the foreigners were moving into the UK so as to sell into Europe? Now, they are going to do the same, so as to sell into US, it seems.

 

[Oscar Reed]

People want to move the UK in January.

Dark and cold, in fact Feb and Mar the same.

April they might take the gloves off.

 

[Atilla]

Too right, FTSE is going up! All the foreigners are falling over themselves in trying to buy the place, with the pound so cheap. Property is going up, too, right?

Brexit is good for British business. Good for everyone, I think.

Remember how all the foreigners were moving into the UK so as to buy into Europe? Now, they are going to do the same, so as to sell into US, it seems.

Hmm slight flaw in your argument old boy...

Island is full. It's going to start tilting soon. :whistling

 

[dbphoenix]

Too right, FTSE is going up! All the foreigners are falling over themselves in trying to buy the place, with the pound so cheap. Property is going up, too, right?

Brexit is good for British business. Good for everyone, I think.

Remember how all the foreigners were moving into the UK so as to buy into Europe? Now, they are going to do the same, so as to sell into US, it seems.

I'm surprised at you, Splitlink The consequences of Brexit will manifest themselves in years, not months. England has hardly begun the process.

 

[Splitlink]

I'm surprised at you, Splitlink The consequences of Brexit will manifest themselves in years, not months. England has hardly begun the process.

I don't want to worry them to death! They will have to learn to adapt to change, without the EU to support them.

Glad I caught you.

I watch Nasdaq, as you may remember, but not the other US shares, nor forex, so do not know how the dollar is right now. Is the rise of Nasdaq an indication of a future weakness in the US currency and a fear of Trump?

No catches, just a trader's interest.

 

[dbphoenix]

I don't want to worry them to death! They will have to learn to adapt to change, without the EU to support them.

Glad I caught you.

I watch Nasdaq, as you may remember, but not the other US shares, nor forex, so do not know how the dollar is right now. Is the rise of Nasdaq an indication of a future weakness in the US currency and a fear of Trump?

No catches, just a trader's interest.

I don't bother with that stuff. Sorry If demand outweighs supply, I'm long. If the opposite, I'm short. The "why" is never clear until later, so concerning myself with it has never been of any benefit.

Generally speaking, though, you'll remember that the markets were down when there was uncertainty. When uncertainty became certainty, the markets rose. Many called this a "Trump Rally", but the rally was due largely to the shift to certainty and had little to nothing to do with Trump per se. The same could be said of the Brexit vote.

 

[Splitlink]

I don't bother with that stuff. Sorry If demand outweighs supply, I'm long. If the opposite, I'm short. The "why" is never clear until later, so concerning myself with it has never been of any benefit.

Generally speaking, though, you'll remember that the markets were down when there was uncertainty. When uncertainty became certainty, the markets rose. Many called this a "Trump Rally", but the rally was due largely to the shift to certainty and had little to nothing to do with Trump per se. The same could be said of the Brexit vote.

Ok, thanks. I'll leave it at that, not wanting to turn this into a trading thread, otherwise the Brexiters will be after us!

 

[sminicooper]

Ok, thanks. I'll leave it at that, not wanting to turn this into a trading thread, otherwise the Brexiters will be after us!

Your details have already been noted

 

[Atilla]

I don't bother with that stuff. Sorry If demand outweighs supply, I'm long. If the opposite, I'm short. The "why" is never clear until later, so concerning myself with it has never been of any benefit.

Generally speaking, though, you'll remember that the markets were down when there was uncertainty. When uncertainty became certainty, the markets rose. Many called this a "Trump Rally", but the rally was due largely to the shift to certainty and had little to nothing to do with Trump per se. The same could be said of the Brexit vote.

Brexit decision waiting for article 50.

Banks are on close watch. They prefer to stay in London and currently applying pressure to Government.

Theresa May and husband are holding monthly dinner events at no 10 inviting big business leaders indoctrinating them on what they should be, could be, would be doing if they play their cards right.

However, there is no reason to act now as UK departure will take a good full 2 years anyhow, ample time for those companies to move to desired new EU destination, which in my book is Frankfurt, Paris, Amsterdam and Madrid and maybe even Milan. Even Ireland can be in the options.

Sadly, it's difficult to guess outcome as nothing is certain which means everything is uncertain hence with plenty risk on the horizons.

Evening Standard had an article this evening. Stating 10,000 jobs could go but that this could be like a Janga Tower with others following in steps.

 

[Atilla]

Theresa May plans to 'move beyond' helping the very poorest with new 'Shared Society' catchphrase

In a major speech, the Prime Minister will promise a "shared society" focusing on those earning just enough to escape government attention



It is becoming increasingly annoying to hear TM's politics of words without any action.

Here we have strikes by LU protesting over tickets machines v ticket offices and Southern train cutting conductor roles.

What are these people to do once they are replaced by machines and robots? Go on social security or look for new positions. Where are the jobs?

Let's think about this. Customers are they going to get an improved service? Probably not as it doesn't address frequency of train or bums or feet on trains issue.

Will shareholders get more dividends? Yes
Will management get bigger bonuses? Yes

So how does this help the man at the bottom end of shared society?


Slimey so and so's. They talk one language whilst doing naff all but inflicting misery on lives of people.

Anybody watch the queues at Victoria railway station? There are about 12 ticket machines no one using them. Where as for the ticket offices, they'll have 3 - 5 people manning the ticket booths with about 30 people queuing up.

Moreover, I have used those machines and they'll not always give you cheapest fare. I've ended up buying a dearer ticket once paying £15 extra to avoid the queue to catch a train.

Even at Lidl when there are more than 3 or 4 people in the queue they'll open up a new till operator.

Quality of service and customer response is absolute zilch. Yet we are told they need higher fares to carry out investment whilst cutting staff.


What a load of horlicks coming from the two faced promoted leader of ours to a position of authority not fit for. Much like our management leaders and politicians. Anybody trust her? She has the makings of a control freak tyrant to me.

 

[seekingTruth16]

Brexit decision waiting for article 50.

Banks are on close watch. They prefer to stay in London and currently applying pressure to Government.

Theresa May and husband are holding monthly dinner events at no 10 inviting big business leaders indoctrinating them on what they should be, could be, would be doing if they play their cards right.

However, there is no reason to act now as UK departure will take a good full 2 years anyhow, ample time for those companies to move to desired new EU destination, which in my book is Frankfurt, Paris, Amsterdam and Madrid and maybe even Milan. Even Ireland can be in the options.

Sadly, it's difficult to guess outcome as nothing is certain which means everything is uncertain hence with plenty risk on the horizons.

Evening Standard had an article this evening. Stating 10,000 jobs could go but that this could be like a Janga Tower with others following in steps.

Yep, potentially I'll have to move abroad. Bloody brexiters...

 

[forker]

Yep, potentially I'll have to move abroad. Bloody brexiters...

Why?

 

[timsk]

. . .They will have to learn to adapt to change, without the EU to support them. . .

Hi Split',
I think you may have misunderstood the reason why the Brexiteers voted to leave. In no small measure, it's because the U.K. is supporting the EU and not the other way around. They (the EU) needs us a whole lot more than we need them. Look at the mess the railways are in at the moment - particularly when compared to Spain. I'll be taking the train from Malaga to Seville in a few weeks time and I can predict with 100% confidence that it will depart on time, arrive on time and cost a fraction of what a journey of the same distance would cost here in the U.K. All those that voted leave know why this is so. I'm not taking anything away from Spain and the Spanish - I love 'em both - but we can't keep putting our hands in our pockets for the EU when our own house is falling down around us. I think it's the EU who will need to adapt or die - we'll be just fine when we're finally cut free.
Tim.

 

[seekingTruth16]

Why?

Loss of passporting will mean my company has to move jobs. How many, and whether I'll be one of them, is not clear yet.

 

[forker]

Loss of passporting will mean my company has to move jobs. How many, and whether I'll be one of them, is not clear yet.

A lot of it is threats and nothing more

 

[Pat494]

How the founding fathers of the EU ever thought that there would be 100% consensus by all members beggars belief really. Quite impractical. Any non EU country could easily bribe or threaten one of the smaller members into thoroughly wrecking that stupid system .
What a wasted opportunity. I remember the first referendum which got us in. There was very little mentioned about closer political cooperation and integration. A classic example of politicians hiding the truth.

 

[barjon]

Hi Split',
I think you may have misunderstood the reason why the Brexiteers voted to leave. In no small measure, it's because the U.K. is supporting the EU and not the other way around. They (the EU) needs us a whole lot more than we need them. Look at the mess the railways are in at the moment - particularly when compared to Spain. I'll be taking the train from Malaga to Seville in a few weeks time and I can predict with 100% confidence that it will depart on time, arrive on time and cost a fraction of what a journey of the same distance would cost here in the U.K. All those that voted leave know why this is so. I'm not taking anything away from Spain and the Spanish - I love 'em both - but we can't keep putting our hands in our pockets for the EU when our own house is falling down around us. I think it's the EU who will need to adapt or die - we'll be just fine when we're finally cut free.
Tim.

Er, aren't Spain in the eu then? So how come their trains aren't in a similar mess as ours if it's caused by being in the club.

 

[sminicooper]

How the founding fathers of the EU ever thought that there would be 100% consensus by all members beggars belief really. Quite impractical. Any non EU country could easily bribe or threaten one of the smaller members into thoroughly wrecking that stupid system .
What a wasted opportunity. I remember the first referendum which got us in. There was very little mentioned about closer political cooperation and integration. A classic example of politicians hiding the truth.

The original concept of the EU was a well-meaning antidote to the likes of Hitler. It was in fact made clear from the start that the final destination would be a political union but it all began, very sensibly, with a small economic coal & steel community – good stuff combined with the economic aid from USA to get Europe back on its feet.

I also remember Edward Heath's referendum to get us in: all emphasis on the economic benefits and very little attention paid to the long-term political implications. Had we been able to stick with just that, things could have been very different now. But I do think it was the right decision at the time – remembering the dire UK political situation in the 1970s where politically motivated trade unions were bringing the country to its knees – joining the EU together with the later introduction of Thatcherism were the two things that saved the UK and made it the successful economic powerhouse it has become.

It was subsequent politicians – primarily Major and Blair who agreed to further political integration (eg. Lisbon and Maastricht) which brought us to where we are today with a sizeable chunk of the population very unhappy about our future. As you say above, what a wasted opportunity. If only the EU could have been an economic integration without the socialist ideals of its controlling authority, Europe would be an entirely different and much better place. Sure, you never will get anything like 100% consensus but the idea of a number of economically disparate states under one inter-dependent economic umbrella (without the madness of a common currency) is probably one of the best ways of ensuring some sort of political stability.

But that's the long-term lesson of politics isn't it – wasted opportunities and diversions into cul-de-sacs brought about by political ideology divorced from the real world. Thank goodness that Comrade Corbyn has no part in it at the moment!

 

[counter_violent]

Er, aren't Spain in the eu then? So how come their trains aren't in a similar mess as ours if it's caused by being in the club.

Yep, and being net beneficiaries from the budget for the longest time.
Anyway, I won't bother boring anyone with the figures. They can all argue amongst themselves.
We're off and good riddance.

Socialism across the EU cannot work if they don't have access to "other peoples money", so now we are leaving, it will be up to Germany to finance all of it. See how long that lasts !