Discussion
sidicks said:
youngsyr said:
Gilt yields?
Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
How do our government bond yields compare to someone like Germany, for example...?Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
Efbe said:
there is only one deal I can see that would really work...
stay in EU, but with an agreement to review the policy of free movement, and change it to free movement of labour.
Though Junker may hate this, I think given the current trends in the EU, most other states would go for this.
It would be a long game to play, but there is not a credible alternative.
They have been adamant that there is no scope for negotiation - on minor things let alone this.stay in EU, but with an agreement to review the policy of free movement, and change it to free movement of labour.
Though Junker may hate this, I think given the current trends in the EU, most other states would go for this.
It would be a long game to play, but there is not a credible alternative.
Efbe said:
The EU is not going to let us use the common market without free movement currently. Outside the EU, or with our departure imminent, we have no leverage to make this happen.
Apparent from the economic reasons discussed on numerous occasions?Efbe said:
And if we do stay, for heaven's sake lets do away with UKIP and actually put some people into EU who represent us and aren't just there to make the world hate us!
It is ironic that the party(UKIP) that has tried so vehemently to get us to leave the EU have created a situation in which the EU does not want to work with us, and so will in all probability prevent us from leaving by cutting off our access to the common market.
They cannot prevent us from leaving and cutting off access worsens their own, already precarious, economic situation.It is ironic that the party(UKIP) that has tried so vehemently to get us to leave the EU have created a situation in which the EU does not want to work with us, and so will in all probability prevent us from leaving by cutting off our access to the common market.
sidicks said:
youngsyr said:
What does it matter - confidence in the UK and Germany has taken a hit due the result.
And presumably, had interest rates risen, you'd have pointed to credit concerns about the UK government...Efbe said:
there is only one deal I can see that would really work...
stay in EU...
Not after the Brexit vote.stay in EU...
However...before the referendum I was in 'make another cup of tea' mode, said so on PH, and my first post on the morning after was a cup of tea.
That's not to say I don't have my own views of course
I don't think there'll be a second referendum and I do think we'll leave the EU. Now - after the fact - the UK/EU relationship has been permanently and significantly changed by the vote.
Whatever happens next, we're never going to be in the same depth of manure as we would have been with a disastrous Remain vote, so the kettle is on standby and I'm far more relaxed about the future. I also happen to like a good cup of tea.
chris watton said:
The disgruntled remainers remind me so much of pro climate change zealots - they'd rather see the world go up in a massive ball of flames and destroyed just to get the chance to tell others that they told them so.
Religious zeal for a cause, objectivity awol, emotions on overload - a superduper recipe! Entertaining at times.sidicks said:
They cannot prevent us from leaving and cutting off access worsens their own, already precarious, economic situation.
It's really not that precarious for them.Their long run is that we leave, then then our financial sector ups and moves to Frankfurt/Paris. They end up 120bn richer and with the Economic Centre of Europe within the EU. We will still buy their goods, albeit at a marked up price, we don't have much option. It's win-win for them.
turbobloke said:
chris watton said:
The disgruntled remainers remind me so much of pro climate change zealots - they'd rather see the world go up in a massive ball of flames and destroyed just to get the chance to tell others that they told them so.
Religious zeal for a cause, objectivity awol, emotions on overload - a superduper recipe! Entertaining at times.youngsyr said:
don4l said:
All the market indicators are positive.
Those of you who are so desperate to talk down the UK are failing in your mission.
Gilt yields?Those of you who are so desperate to talk down the UK are failing in your mission.
Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
It's a fact that the £ is extremely low against the US Dollar and Chinese Yuan, despite small gains in recent days and gilt yields are at all time lows. It's also a fact that consumer confidence has been set back several years to levels last seen in the aftermath of the financial crisis.
And it's worth bearing in mind that this is the situation before we know what Brexit looks like - as far as I can see it's just as much a possibility that things will get worse rather than better as the exit is finalised.
Edited by youngsyr on Thursday 30th June 11:28
It just goes to show that the markets are ignoring yesterday's scaremongering by Standard and Poor.
The markets are saying that they don't give a damn what Brexit looks like. WTO option is just fine.
turbobloke said:
Not after the Brexit vote.
However...before the referendum I was in 'make another cup of tea' mode, said so on PH, and my first post on the morning after was a cup of tea.
That's not to say I don't have my own views of course I don't think there'll be a second referendum and I do think we'll leave the EU.
Now - after the fact - the UK/EU relationship has been permanently and significantly changed by the vote.
Whatever happens next, we're never going to be in the same depth of manure as we would have been with a disastrous Remain vote, so the kettle is on standby and I'm far more relaxed about the future. I also happen to like a good cup of tea.
I don't think there will be a second referendum either, but I do think politically this is a huge can of worms that no-one wants to open.However...before the referendum I was in 'make another cup of tea' mode, said so on PH, and my first post on the morning after was a cup of tea.
That's not to say I don't have my own views of course
I don't think there'll be a second referendum and I do think we'll leave the EU. Now - after the fact - the UK/EU relationship has been permanently and significantly changed by the vote.
Whatever happens next, we're never going to be in the same depth of manure as we would have been with a disastrous Remain vote, so the kettle is on standby and I'm far more relaxed about the future. I also happen to like a good cup of tea.
I can see any PM sitting on the trigger for quite a while before putting is to Parliament to vote on leaving. Even then there is a large chance it will be blocked.
I do think the leave vote has given us a great opportunity to get a good deal here, I just don't know if we have the people to get that good deal. Farage shouting at the rest of the MEPs that they haven't had proper jobs certainly isn't going to help us
chris watton said:
The disgruntled remainers remind me so much of pro climate change zealots - they'd rather see the world go up in a massive ball of flames and destroyed just to get the chance to tell others that they told them so.
Yep while I'm not an avid user of FB, I go onto it from time to time to keep up-to-date on distant family and friends, however I had to put up a post last night which I hardly ever do to politely ask my friends to stop posting or re-posting so much s
t. It really is depressing reading people re-regurgitating the same old we are doomed mantra. NO ONE has a clue how it will all play out and yet I have people I've known for years shouting from the rooftops at how it's all going to end badly. If only I knew I had such an enlightened and well informed group of financial and political experts who could also predict the future, I'd be a lot better off then I am now.
don4l said:
Low GILT yields are a positive indicator.
It just goes to show that the markets are ignoring yesterday's scaremongering by Standard and Poor.
The markets are saying that they don't give a damn what Brexit looks like. WTO option is just fine.
i happened to come across an article i thought you may like don4l It just goes to show that the markets are ignoring yesterday's scaremongering by Standard and Poor.
The markets are saying that they don't give a damn what Brexit looks like. WTO option is just fine.
http://blogs.spectator.co.uk/2016/06/brexit-divide...Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff