Politics
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2016 the great self-inflicted crash. FTSE opens nearly 500 points down. Pound at lowest rate to dollar ( the price currency) in 30 years.
My condolences to the 60% of the population who did not vote for this. Congratulations to “Leave” you knew the public better than I did. I was wrong you were right.
I never wanted our house prices to fall. I do not want the cost of our mortgages to go up. I do not want rents to rise. I do not want the price of petrol and all goods connected with low priced petrol to go be more expensive.
But when a currency collapses the National Bank is forced to raise interest rates. Here endeth the first economics lesson.
I know you leavers hate all experts especially economists. So now you have learn economics the hard way. I am not talking anything you will see all this happen very quickly. First will be emergency measures by the bank of England the city. Then comes interest rate rises. Or a free falling pound.
Yes yes the French will get off the Eurostar and go on a spending spree . Lucky for London. Or is it Karma because they were the only English who fully valued Europe.
My condolences to the 60% of the population who did not vote for this. Congratulations to “Leave” you knew the public better than I did. I was wrong you were right.
I never wanted our house prices to fall. I do not want the cost of our mortgages to go up. I do not want rents to rise. I do not want the price of petrol and all goods connected with low priced petrol to go be more expensive.
But when a currency collapses the National Bank is forced to raise interest rates. Here endeth the first economics lesson.
I know you leavers hate all experts especially economists. So now you have learn economics the hard way. I am not talking anything you will see all this happen very quickly. First will be emergency measures by the bank of England the city. Then comes interest rate rises. Or a free falling pound.
Yes yes the French will get off the Eurostar and go on a spending spree . Lucky for London. Or is it Karma because they were the only English who fully valued Europe.
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morning melv
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The Masters of the Universe at it again Melv. They are trying to make their money back. Let's wait and see what happens. If Cameron resigns it will really throw the cat amongst the pidgeons!
Out of chaos something stronger will grow. As a matter of interest my stock portfolio has moved in value since 8am this morning. My foreign currency particlarly the dollar may have increased my net worth but a few pence. My sterling is now worth 15% less against the dollar. Shall I jump off the nearest high building? Here we go time for Bullingdon Boy to say something! |
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But when a currency collapses the National Bank is forced to raise interest rates. Here endeth the first economics lesson.
That was then. This is now, when every country is desperate to deflate their currency. Why do you think we have near zero and negative interest rates all over the world? I'll answer the question for you. A lower exchange rate means more exports and more jobs. Maybe the white working class are smarter than you obviously assume. |
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good news for savers then after been crucified for 20 years to keep the illusion of rising house prices going
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Melv
One thing you dont understand. Just because we voted out it doen't mean we are all xenophobic racists! The EU is about to collapse not Europe and not The United Kingdom of Great Britain and Northern Ireland! |
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The Americans have a saying,
'Everyone votes with their pocketbook (wallet).' I was struck by how the places that voted for remain in England are the wealthiest areas. And the correlation between education and Remain the media kept banging on about is spurious, and is really a correlation between wealth and Remain. |
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I was with a Hedge Fund guy on Wednesday night. They could not contemplate us voting for Brexit. It was just incongruous. Another said why would British people vote leave, that is stupid! They just didn't get it.
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I don't get it. Not one single person I know voted to Leave. Three-quarters of under 25s voted to Remain. This nation has been thrown onto the scrapheap of irrelevance by bitter over-65s who think they can recapture the Britain of the 1960s when they still had hair. Feel utterly sick today.
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how many people does your bubble hold,get your arse out on the streets ,into wokplaces
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so its the banks again who been swimming without their trunks on
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FTSE is higher now than it was 8 days ago. How is that a crash?
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The very rich, and those insulated against everyday life just don't get it. No wonder they thought 'Remain' would win.
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because all the spiffs and speculators have had to hand the money back theyve made since last thurs on the back of the murder of joe cox,ilgotten gains never do anyone any good
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No I don't live in London. And if you think the British government will pump a fraction as much regional development cash out of London as the EU supplied then you have a very big wake up call on the way.
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Former industrial areas such as Wales and the Northeast, which voted to Leave, will be the biggest losers here. You think Westminster will give a damn? All that EU money will disappear and you won't get even half of it from the Treasury. The turkeys have voted for Christmas and in 10 or 20 years this nation will be a basket case.
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Well if that result does not burst the London bubble, the politicians are just stupid. How many warnings do they need?
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The North just toppled the government. Wake up you fool.
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I just don't understand how anyone could think leaping into the abyss is better. Voting leave will not bring back coal mining, or steelworks. It won't make manufacturing more competitive. It won't make the industries that Thatcher decimated in the 1980s spring back to life. All it will do is kill off the last remaining industries that this country does still have. How could anybody think this is a good idea?
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doesnt matter much if your a turkey with bernard mathews smiling at you,just think if it gets really bad 50% drop in london house prices , now that would be sweet,BTL ,s jumping from tower bridge
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A drop in house prices is about the only good thing that could come out of this. Not worth destroying our nation for though, is it?
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i voted out he,s why simples
remain banging on about health service workers thats not a problem theres a shortage of workers,but theres 1000,s upon 1000,s of migrants blagging it as trademen whilst 1000,s upon 1000,s of uk tradesmen are on the dole,we,re living it we no ,dont give a monkeys what the london elite think or do |
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Whether people like it or not, London keeps the country afloat - I simply cant believe that this has come to pass. It's going to be a very painful time while the penny drops for some people
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its been painful for sometime outside london mate
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its painful inside london for most too
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Bank of England cancels 75p coin
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aziraphale
24 Jun 16 09:16 Joined: 05 Jul 03 | Topic/replies: 2,299 | Blogger: aziraphale's blog A drop in house prices is about the only good thing that could come out of this. Not worth destroying our nation for though, is it? .... Our nation is not destroyed. We are trying to take it back. Now we need to keep an eye on the politicians to make sure this actually happens. As for the FTSE it is still over 6000. It has been lower many times in the last year. The only problem I see with the markets (financial and housing) is they are still in bubble territory due to long term low interest rates. |
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I love it how the clueless are panicking because they have NFI!!!!
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it's only the few percent who benefit from being in the eu
The faces on sky news reporters/staff are wonderful to behold - they look very unhappy. |
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Yes mono, the establishment and media central are not happy they will lose ad revenue.
Time for the experts to come in and fix Britian while Europe destroys itself!!! |
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Britain liberates Europe for the 3rd time
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A pleasure to see you back on the forum aziraphale.
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the French and german markets down more than the ftse today.
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We have leapt off a cliff and have a vague plan to start negotiating with parachute manufacturers on the way down. I really hope I am very wrong about this, but all I am hearing is dismay.
One thing I was wrong about is the regional vote. The southeast (excluding London) was 51% for Leave. That has truly surprised me. I don't know where all these people are, but here in Hampshire I have seen one solitary Leave poster in a window, and I don't know anybody who voted to leave. I really must live in a bubble. |
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Possibly, because Hampshire and the Isle of Wight voted in favour of Leave.
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and huge chunks of the north!!!
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shy kids get the sweets,
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potlis 24 Jun 16 11:16
Britain liberates Europe for the 3rd time  |
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It is good to be back Jed. I got out of the wrong side of bed this morning so excuse my general grouchiness. Clearly the wisdom of the vorum will carry us to post-Brexit greatness :)
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