Is the bubble about to burst?

Is the bubble about to burst?

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Discussion

YoungMD

326 posts

121 months

Sunday 26th June 2016
quotequote all
av185 said:
Gandahar said:
av185 said:
Otodus said:
Young voters were voting for their future
Agreed.....but this was ruined by the over 60s many of whom forget to lock the house but unfortunately remembered to vote. Democracy eh?
What was ruined? Nothings happened yet.
Okay but watch the markets over the coming weeks....that will tell you all you need to know about the forthcoming inevitable recession......and on the topic of car price bubbles these will disappear by Autumn which is fair enough for many and some will doubtless say about time.

Fact remains though the evaporation of the car bubbles will pale into significance and seem loose change compared to what will happen to our economy now.....already downgraded by Moodys.

I will admit their appear to have been a substantial number of indolent young people who haven't been arsed to vote and whilst Glastonbury was busy they can't all have been there and use that as an excuse. But we have unquestionably been left to deal with the ramifications of the decision made by a restless Dads Army generation. What was decided on a whim will now be suffered for a protracted period.....the forseeable future and beyond.

The younger generation will be the ones sweeping up the fragments of a severely shrunken economy, and they will be the ones who need to patch together a decent working relationship with the rest of the continent for years to come.

'Independence day'....rofl

More like Groundhog day for bigots with a smattering of racism on the side and a massive amount of ignorance.

Yep, the phrase 'price bubble' will soon be consigned to history.

Edited by av185 on Sunday 26th June 20:05
Silly me instead of employing loads of economists and using highly technical senerio software, we should of just asked you what was going to happen.

Unless you are a multi multi millionaire, which clearly you would be if you could forecast the economies reaction, then i would suggest you are crystal ball guessing ......... yes there are certainly issues with exit, and issues with the EU and euro whether we are better in or out all depends on how events unfold....all uncertain but to be honest the EU has not been the picture of stability.......probably better in but probably not the armagedon if we leave.........

av185

18,514 posts

128 months

Sunday 26th June 2016
quotequote all
DELETED: Comment made by a member who's account has been deleted.
'Perhaps we might' sound rather clutching at pipe dreams for my liking.

I don't work in the City btw.....

rubystone

11,254 posts

260 months

Sunday 26th June 2016
quotequote all
9e 28 said:
I disagree. There's more to London being the financial centre of the world for the last 300 years than a passport. We have the LSE. We have what is perceived to be the safest and most secure place in the world to keep cash piles with the highest regulatory standards. We have the brightest bankers and fund managers in the world. We have the ability to do deals and are easy to do business with. Have you worked with Germans or French bankers?! That does not disappear over night. Worse case we trigger article 50 after a new PM in place or after a general election, and cannot agree a trade deal and leave after 2 years having to rewrite some of our laws. You seem to think the EEC will survive this in its current form. I don't believe it can personally. Beginning of the end for it.
Isn't the LSE owned by the Germans now? And it's electronic...can easily be based anywhere...and yes, we led regulation, but equally had to toe the European line, hence delays to liquidity regime....so can now choose what regulations we implement and those we don't. Which, if managed sensibly, ought to make us more attractive to investors and those institutions looking to set up camp here. I am not sure what the future is for Prime Brokers and Fund Managers in London though.

So I agree with you; London's status can be protected and enhanced.

kbooker

728 posts

140 months

Sunday 26th June 2016
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Clucking Bell....sleep

Steve Rance

5,448 posts

232 months

Sunday 26th June 2016
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Everyone has got an opinion but we are where we are. Bugger all anyone can do about it now. Irrespective of which way any of us voted l, no point in wasting energy worrying about it. we've just got to get on with it.

Budflicker

3,799 posts

185 months

Sunday 26th June 2016
quotequote all
Cmoose, democracy has spoken and you just happen to be on the wrong side on this occasion, now every forum I go in you are there posting that leave voters are idiots, uneducated fools and that maybe the vote should be ignored.


Please just for a moment imagine the results were reversed and others were calling for the things you are after a remain victory?

Would you be so keen on ignoring the results then?

drmark

4,852 posts

187 months

Sunday 26th June 2016
quotequote all
Steve Rance said:
Everyone has got an opinion but we are where we are. Bugger all anyone can do about it now. Irrespective of which way any of us voted l, no point in wasting energy worrying about it. we've just got to get on with it.
I am with you on the pragmatic approach. Time to pull together and get on with it.

But here is an interesting insight into what might be going on behind the scenes from Guardian comment (excluding getting the time of Cameron's speech wrong)



Budflicker

3,799 posts

185 months

Sunday 26th June 2016
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anonymous said:
[redacted]

ORD

18,120 posts

128 months

Sunday 26th June 2016
quotequote all
I agree.

There will be serious trouble when the idiots and racists are told that there will be no limits on freedom of movement.

Budflicker

3,799 posts

185 months

Sunday 26th June 2016
quotequote all
ORD said:
I agree.

There will be serious trouble when the idiots and racists are told that there will be no limits on freedom of movement.
Boom insult the opposition libertarians...
Are you really that simple as to tar 52% of the electorate as racists and idiots because they disagree with you???


RSVP911

8,192 posts

134 months

Sunday 26th June 2016
quotequote all
drmark said:
I am with you on the pragmatic approach. Time to pull together and get on with it.

But here is an interesting insight into what might be going on behind the scenes from Guardian comment (excluding getting the time of Cameron's speech wrong)


Really interesting piece that - thanks for posting smile

mollytherocker

14,366 posts

210 months

Sunday 26th June 2016
quotequote all
Well, a bubble did burst, just not the one originally envisaged.

SRT Hellcat

7,035 posts

218 months

Sunday 26th June 2016
quotequote all
ras62 said:
Why we joined the EU all those years ago..

https://www.youtube.com/watch?v=37iHSwA1SwE
How apt is this clip. Just brilliant. Nicola Sturgeon was probably praying for this result. But the Scottish vote was not dissimilar to the London vote. So perhaps the Scots and London should break away from the UK. Preposterous. It disappoints me that Ireland and Scotland refuse to accept the vote and the possibility that Nicola will attempt to scupper Brexit. She stated that she had to listen to what the Scottish people wanted but there is a large percentage of Scots that voted out. Had we voted to stay I would not be up in arms about it. I would have said we gave it a shot and we have to live by the decision of the majority. Yes I am very concerned about how this mess will all turn out but I am convinced we are better off out. What worries me more is if we stay in after all this debacle. We will look like complete and utter fools. The hierarchy of the EU will then truly make our lives a misery.
As a side note. Can anyone tell me and I am not being confrontational how Scotland could survive on its own economically. Okay they have oil but the barrel price is not enough to sustain the economy and there is no long term future for oil. What else, am I missing something

Alpinestars

13,954 posts

245 months

Sunday 26th June 2016
quotequote all
anonymous said:
[redacted]
Make them realise that they were false promises.

RSVP911

8,192 posts

134 months

Sunday 26th June 2016
quotequote all
SRT Hellcat said:
How apt is this clip. Just brilliant. Nicola Sturgeon was probably praying for this result. But the Scottish vote was not dissimilar to the London vote. So perhaps the Scots and London should break away from the UK. Preposterous. It disappoints me that Ireland and Scotland refuse to accept the vote and the possibility that Nicola will attempt to scupper Brexit. She stated that she had to listen to what the Scottish people wanted but there is a large percentage of Scots that voted out. Had we voted to stay I would not be up in arms about it. I would have said we gave it a shot and we have to live by the decision of the majority. Yes I am very concerned about how this mess will all turn out but I am convinced we are better off out. What worries me more is if we stay in after all this debacle. We will look like complete and utter fools. The hierarchy of the EU will then truly make our lives a misery.
As a side note. Can anyone tell me and I am not being confrontational how Scotland could survive on its own economically. Okay they have oil but the barrel price is not enough to sustain the economy and there is no long term future for oil. What else, am I missing something
As much as I didn't want to leave , I completely agree - the leave vote won and we should replace Cameron , invoke article 50 asap and just get on with it - this way the uncertainty is as short as possible .

Alpinestars

13,954 posts

245 months

Sunday 26th June 2016
quotequote all
anonymous said:
[redacted]

Yep, I get that. But it might dawn on those that voted out that they might not have voted for what was promised. Already a fair bit of backtracking going on.

ORD

18,120 posts

128 months

Sunday 26th June 2016
quotequote all
Budflicker said:
Boom insult the opposition libertarians...
Are you really that simple as to tar 52% of the electorate as racists and idiots because they disagree with you???
No. And I did not do so.

RSVP911

8,192 posts

134 months

Sunday 26th June 2016
quotequote all
Alpinestars said:

Yep, I get that. But it might dawn on those that voted out that they might not have voted for what was promised. Already a fair bit of backtracking going on.
What I can't understand is all those people who voted out that didn't really want out , but we're just protesting - this video looks like a pisss take , if it was it would be hilarious - unfortunately it's real and it just makes me furious - bloody idiots

http://www.nbcnews.com/video/brexit-regrets-for-le...

Alpinestars

13,954 posts

245 months

Sunday 26th June 2016
quotequote all
RSVP911 said:
What I can't understand is all those people who voted out that didn't really want out , but we're just protesting - this video looks like a pisss take , if it was it would be hilarious - unfortunately it's real and it just makes me furious - bloody idiots

http://www.nbcnews.com/video/brexit-regrets-for-le...
Bite nose to spite face, look in the mirror, and express regret.

I'm still struggling to understand what the big benefit of out is going to be.

Let's see how it all pans out now.

Sam All

3,101 posts

102 months

Sunday 26th June 2016
quotequote all
Alpinestars said:
Let's see how it all pans out now.
& then review with the benefit of facts. smile