Is the bubble about to burst?
Discussion
av185 said:
And the ageing Little Britain Brexiteers largely responsible for this catastrophe and soon approaching retirement will find out soon enough they will be seriously affected on drawing their hugely reduced pensions. But there you go.
Absolutely. I just don't get what the out argument is and how any "out" promises are going to manifest themselves. Alpinestars said:
av185 said:
And the ageing Little Britain Brexiteers largely responsible for this catastrophe and soon approaching retirement will find out soon enough they will be seriously affected on drawing their hugely reduced pensions. But there you go.
Absolutely. I just don't get what the out argument is and how any "out" promises are going to manifest themselves. Interesting thread - I've only just caught up with it after a couple of days of absolute shock and despair , I'm gunuinly really sad about the result. I woke up on Friday morning in a country I didn't recognise ,absolutely dumbfounded by the decision to introduce economic chaos for what I will politely refer to as a nationalist agenda. I honestly hope I'm wrong , but I think we're in for years of recession - we will be right back to 2008 , I just don't understand what we think we'll gain / fix by doing this and whatever it is , how this is worth the risk - but there you go , we are where we are - best just dig in and get on with it - again ! 
RSVP911 said:
Interesting thread - I've only just caught up with it after a couple of days of absolute shock and despair , I'm gunuinly really sad about the result. I woke up on Friday morning in a country I didn't recognise ,absolutely dumbfounded by the decision to welcome economic chaos for what I will politely refer to as a nationalist agenda. I honestly hope I'm wrong , but I think we're in for years of recession - we will be right back to 2008 , I just don't understand what we think we'll gain / fix by doing this and whatever it is , how this is worth the risk - but there you go , we are where we are - best just dig in and get on with it - again !
Although to be fair, R, the markets didn't appear to price in another potential 2008 on Friday. But what pans out next week and the months to come is anyones guess!av185 said:
RSVP911 said:
Interesting thread - I've only just caught up with it after a couple of days of absolute shock and despair , I'm gunuinly really sad about the result. I woke up on Friday morning in a country I didn't recognise ,absolutely dumbfounded by the decision to welcome economic chaos for what I will politely refer to as a nationalist agenda. I honestly hope I'm wrong , but I think we're in for years of recession - we will be right back to 2008 , I just don't understand what we think we'll gain / fix by doing this and whatever it is , how this is worth the risk - but there you go , we are where we are - best just dig in and get on with it - again !
Although to be fair, R, the markets didn't appear to price in another potential 2008 on Friday. But what pans out next week and the months to come is anyones guess!http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Within the same day the result is known - Farage admitting using the £350m slogan was a mistake; Daniel Hannan saying there was never a promise by the Leave campaign to reduce immigration; Scotland wanting another referendum; Northern Ireland wanting a poll about their border with the republic - broken promises and unthought-of consequences (by a large number of leave voters) for the UK (and Europe) of great magnitude.
Regions of the UK that are most dependent on EU exports and/or EU funding voting to leave the EU - yeah, lots of well informed, rational voting going on. What a terrible irony that so many of the people that used this referendum as a protest vote against the establishment will be the ones who suffer the most from their vote.
Regions of the UK that are most dependent on EU exports and/or EU funding voting to leave the EU - yeah, lots of well informed, rational voting going on. What a terrible irony that so many of the people that used this referendum as a protest vote against the establishment will be the ones who suffer the most from their vote.
Well, with a stirling crisis and recession distinctly possible perhaps we ought to rename this thread 'Is the bubble about to be nuked'....
Interesting that if the same proportion of young voters as older ones had bothered to come off Farcebook and actually been bothered to take time out to vote it would have been a Remain landslide. The youth of today eh? And just to keep on topic, just found out my 23 year old daughter didn't vote!!
No 'bubble' car for her...perhaps ever, as there will be nothing left!
Interesting that if the same proportion of young voters as older ones had bothered to come off Farcebook and actually been bothered to take time out to vote it would have been a Remain landslide. The youth of today eh? And just to keep on topic, just found out my 23 year old daughter didn't vote!!
No 'bubble' car for her...perhaps ever, as there will be nothing left!
Pensions problems and blame brexit lol. The damage was done long before brexit, it's what happens when interest rates are driven so stupidly low. Some on here make it sound like we are leaving a spectacular success when the reality is the EU with its common currency has been a disaster for tens of millions. The seething resentment to the EU is growing across Europe and once again Britain is a beacon showing there is an alternative.
The majority as expected didn't like being bullied and certainly didn't appreciate being labeled racist xenophobes. It makes the wailing reaction of some London luvies even more hilarious.
The majority as expected didn't like being bullied and certainly didn't appreciate being labeled racist xenophobes. It makes the wailing reaction of some London luvies even more hilarious.
ras62 said:
Pensions problems and blame brexit lol. The damage was done long before brexit, it's what happens when interest rates are driven so stupidly low. Some on here make it sound like we are leaving a spectacular success when the reality is the EU with its common currency has been a disaster for tens of millions. The seething resentment to the EU is growing across Europe and once again Britain is a beacon showing there is an alternative.
The majority as expected didn't like being bullied and certainly didn't appreciate being labeled racist xenophobes. It makes the wailing reaction of some London luvies even more hilarious.
Just for the record - I'm no London luvie and I (& no one else as far as I can see) didn't say the EU was a spectacular success. My view is a very simple one and its that our financial stability is the foundation that makes it all work , it drives everything and I can't see why we have chosen to risk this for a non defined benefit that will probably not materialise - Any financial benefit from leaving the EU will pale into insignificance when compared to the financial cost of doing so. It will be interesting to see how the leavers feel about their decision in the months and years to come . The majority as expected didn't like being bullied and certainly didn't appreciate being labeled racist xenophobes. It makes the wailing reaction of some London luvies even more hilarious.
I believe it was a vote for change. The EU is a broken mechanism. If we truly were into the EU we should have taken the Euro. That would have been a great idea. Glad Mr Blair did not get his way. Look how healthy our fellow EU countries brothers and sisters are doing especially the youngsters. One size does not fit all. QE, low interest rates, none of it is working to stimulate growth. Negative rates. Well that does not work and ideally you need a cashless society to pull that one off successfully. That would be the next agenda. I think the majority woke up to the fact that the EU is about self interest and not what is right for the people of that individual country. They have made massive strides in sorting out the middle east crisis. Yeah right. Why not because there is nothing in it financially for them. Someone in the know told me that the 2008 recession was brought about to bring down the EU. It almost worked.
I would say don't panic Mr Mannering. The disillusionment with how the EU behaves is wide spread through all EU countries. I pray that we will see a change to the way things are being run that will be of benefit to all and I mean all. Not just us lucky few that have nice toys to play with. Let us all hope that we all get a far better world to live in after the dust settles and all those self interest only barstewards can go rot in hell. Whilst I agree that the square mile is very important to the UK economy and pushing bits of paper around makes money I could only ever dream of. Lets not forget that the EU is not happy with our financial power house and would wish to do something about that and also remember some of us actually have to produce something physical to earn our money.
As for the Scots leaving the UK. That would be a very sad day. To turn there back on a life long partnership with the UK that they have a say in and can shape there future or to partner up with a bureaucracy that they have no say in seems absolutely bonkers to me. Short sighted politicians with vested interests
p.s. our economy is based on how well the housing market is doing. A housing price crash is predicted. Short supply and high demand. Do not see that happening apart from the stupidly priced properties in and around the centre of London. s
t holes worth seven figures that are still st holes. That needs correction
I would say don't panic Mr Mannering. The disillusionment with how the EU behaves is wide spread through all EU countries. I pray that we will see a change to the way things are being run that will be of benefit to all and I mean all. Not just us lucky few that have nice toys to play with. Let us all hope that we all get a far better world to live in after the dust settles and all those self interest only barstewards can go rot in hell. Whilst I agree that the square mile is very important to the UK economy and pushing bits of paper around makes money I could only ever dream of. Lets not forget that the EU is not happy with our financial power house and would wish to do something about that and also remember some of us actually have to produce something physical to earn our money.
As for the Scots leaving the UK. That would be a very sad day. To turn there back on a life long partnership with the UK that they have a say in and can shape there future or to partner up with a bureaucracy that they have no say in seems absolutely bonkers to me. Short sighted politicians with vested interests
p.s. our economy is based on how well the housing market is doing. A housing price crash is predicted. Short supply and high demand. Do not see that happening apart from the stupidly priced properties in and around the centre of London. s
t holes worth seven figures that are still st holes. That needs correctionEdited by SRT Hellcat on Saturday 25th June 22:56
RSVP911 said:
Any financial benefit from leaving the EU will pale into insignificance when compared to the financial cost of doing so. It will be interesting to see how the leavers feel about their decision in the months and years to come .
The leavers won't make the connection, and assume the situation is the new normal. Just like they assumed the current prosperity is inevitable and no connection to anything else.Misery, just like affluence, one gets used to.
RSVP911 said:
Just for the record - I'm no London luvie and I (& no one else as far as I can see) didn't say the EU was a spectacular success. My view is a very simple one and its that our financial stability is the foundation that makes it all work , it drives everything and I can't see why we have chosen to risk this for a non defined benefit that will probably not materialise - Any financial benefit from leaving the EU will pale into insignificance when compared to the financial cost of doing so. It will be interesting to see how the leavers feel about their decision in the months and years to come .
I agree with your financial stability comment, however I disagree that what we have now can ever be considered normal or stable. Europe with its single currency is failing. Deutschebank and some Italian banks are failing. The idea of a common market has been a success. The EU then used acceptance of economic union to usher in both political union and monetary union. I would suggest both the latter have been a disaster. Ten thousand EU bureaucrats earning more than our PM is just one indication of the abuse and largess of what the EU has become. I doubt anyone here could claim to know how the system works, yet they passionately believe we should be a part of something that in reality they know little or nothing about.
ras62 said:
RSVP911 said:
Just for the record - I'm no London luvie and I (& no one else as far as I can see) didn't say the EU was a spectacular success. My view is a very simple one and its that our financial stability is the foundation that makes it all work , it drives everything and I can't see why we have chosen to risk this for a non defined benefit that will probably not materialise - Any financial benefit from leaving the EU will pale into insignificance when compared to the financial cost of doing so. It will be interesting to see how the leavers feel about their decision in the months and years to come .
I agree with your financial stability comment, however I disagree that what we have now can ever be considered normal or stable. Europe with its single currency is failing. Deutschebank and some Italian banks are failing. The idea of a common market has been a success. The EU then used acceptance of economic union to usher in both political union and monetary union. I would suggest both the latter have been a disaster. Ten thousand EU bureaucrats earning more than our PM is just one indication of the abuse and largess of what the EU has become. I doubt anyone here could claim to know how the system works, yet they passionately believe we should be a part of something that in reality they know little or nothing about.
https://www.youtube.com/watch?v=bypLwI5AQvY
https://www.youtube.com/watch?v=LUzEKrp8rHA
https://www.youtube.com/watch?v=5J_xPo878Pw
9e 28....Farage is not the racist joking fool many in the UK seem to think he is. He is a formidable orator and not being a Lawyer in the political area he uses real world experience to his advantage. He will be a great guy to have during exit negotiations, common sense to counter the narcissist punishment agenda expected from the EU who I imagine will turn up trying to protect their own positions of power rather than do what's best for Europe. Farage will publicly out them at every opportunity.
ras62 said:
9e 28....Farage is not the racist joking fool many in the UK seem to think he is. He is a formidable orator and not being a Lawyer in the political area he uses real world experience to his advantage. He will be a great guy to have during exit negotiations, common sense to counter the narcissist punishment agenda expected from the EU who I imagine will turn up trying to protect their own positions of power rather than do what's best for Europe. Farage will publicly out them at every opportunity.
I agree he's a superb orator. I think he's burnt his bridges with the eurocrats. Going forward generally the British people seem to want their sovereignty back, access to a single market but no free movement of people across borders and obviously no more £350m per week into a eurocrat slush fund for what they perceive (rightly or wrongly) they get back very little in return. It will need a deft negotiator whoever it is as this referendum has well and truly ruined the eurocrats freebie undemocratic tea party. French are already threatening to wave on migrants to Kent coast - not bitter and twisted at all our lovely and helpful European partners 
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