The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
This is going to be interesting to triangulate. 60odd percent of PHers polled to vote out. The last days have seen the markets respond to that decision, to the negative spin, and not respond to any actual performance as there has been no change in anything yet, except we have expressed a desire to leave.
Should be interesting...
Should be interesting...
Bearing in mind the Greek tragedy and the inevitable fallout...
I'd say we've jumped out of the burning building and whilst we may have broken our legs our long term prospects are far better - 5 yrs should see us slightly ahead if the Government don't screw it up.
It also depends what happens to Turkey - they aren't going to keep holding immigrants back if they don't get a chance to join.
I'd say we've jumped out of the burning building and whilst we may have broken our legs our long term prospects are far better - 5 yrs should see us slightly ahead if the Government don't screw it up.
It also depends what happens to Turkey - they aren't going to keep holding immigrants back if they don't get a chance to join.
I think its going to be about making things not funny money , maybe we will see the northern power house they were talking about , A low pound is great for exporters and overseas company earnings ... we can now support our steel and other industrys and most important trade with others without having to go cap in hand to the EU for permission....
I am finding this period of the immediate aftermath very illuminating.
Absolutely fk all has changed. fk all. And yet - the very idea that something may change in the future is enough to throw markets into confusion, currencies to wobble in value up and down with absolutely no rationality whatsoever behind it.
Am I to conclude that the whole basis of the world's financial markets is based on...
Ouija boards and magic?
Computer based simulations written by very bad programmers?
Very nervous people?
All of the above?
I think so. How grindingly disappointing. But to be expected.
Absolutely fk all has changed. fk all. And yet - the very idea that something may change in the future is enough to throw markets into confusion, currencies to wobble in value up and down with absolutely no rationality whatsoever behind it.
Am I to conclude that the whole basis of the world's financial markets is based on...
Ouija boards and magic?
Computer based simulations written by very bad programmers?
Very nervous people?
All of the above?
I think so. How grindingly disappointing. But to be expected.
Don said:
I am finding this period of the immediate aftermath very illuminating.
Absolutely fk all has changed. fk all. And yet - the very idea that something may change in the future is enough to throw markets into confusion, currencies to wobble in value up and down with absolutely no rationality whatsoever behind it.
Am I to conclude that the whole basis of the world's financial markets is based on...
Ouija boards and magic?
Computer based simulations written by very bad programmers?
Very nervous people?
All of the above?
I think so. How grindingly disappointing. But to be expected.
It's based on three things.Absolutely fk all has changed. fk all. And yet - the very idea that something may change in the future is enough to throw markets into confusion, currencies to wobble in value up and down with absolutely no rationality whatsoever behind it.
Am I to conclude that the whole basis of the world's financial markets is based on...
Ouija boards and magic?
Computer based simulations written by very bad programmers?
Very nervous people?
All of the above?
I think so. How grindingly disappointing. But to be expected.
1) How much money do I expect this investment to make?
2) How much uncertainty is there in the expectation?
3) What do I expect to happen to the price today as a result of everyone else reacting (possibly wrong headedly) to points 1 and 2.
Point 1 is what really matters, day to day depends on 2 and 3.
Don said:
Am I to conclude that the whole basis of the world's financial markets is based on...
Ouija boards and magic?
Computer based simulations written by very bad programmers?
Very nervous people?
All of the above?
I think so. How grindingly disappointing. But to be expected.
What did you think previously? A truly perfect market, though impossible, would give no opportunity for making money.Ouija boards and magic?
Computer based simulations written by very bad programmers?
Very nervous people?
All of the above?
I think so. How grindingly disappointing. But to be expected.
Crafty_ said:
I think we can expect the EU to come doyen on us hard to discourage other countries from even thinking about leaving and as a result our economy will suffer badly.
Which is, of course, a great reason for leaving. Who wants to be a member of a club which treats its citizens with such disdain? Crafty_ said:
I think we can expect the EU to come doyen on us hard to discourage other countries from even thinking about leaving and as a result our economy will suffer badly.
How would the EU have reacted if the vote had been narrowly for remain and other EU countries still started murmuring about having their own referenda?V8RX7 said:
Bearing in mind the Greek tragedy and the inevitable fallout...
I'd say we've jumped out of the burning building and whilst we may have broken our legs our long term prospects are far better - 5 yrs should see us slightly ahead if the Government don't screw it up.
It also depends what happens to Turkey - they aren't going to keep holding immigrants back if they don't get a chance to join.
this ^^^I'd say we've jumped out of the burning building and whilst we may have broken our legs our long term prospects are far better - 5 yrs should see us slightly ahead if the Government don't screw it up.
It also depends what happens to Turkey - they aren't going to keep holding immigrants back if they don't get a chance to join.
Puggit said:
Crafty_ said:
I think we can expect the EU to come down on us hard to discourage other countries from even thinking about leaving and as a result our economy will suffer badly.
Which is, of course, a great reason for leaving. Who wants to be a member of a club which treats its citizens with such disdain? I posted this on a previous thread, it sums it up for me:
Edited by RYH64E on Tuesday 28th June 08:50
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