The economic consequences of Brexit (Vol 3)

The economic consequences of Brexit (Vol 3)

Author
Discussion

sas62

5,648 posts

78 months

Tuesday 21st August 2018
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kurt535

3,559 posts

117 months

Tuesday 21st August 2018
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sas62 said:
I hope im wrong but......in a previous world, I was a local on the LIFFE trading Bunds. I remember the build up to the Germans launching their own electronic trading platform. Well, everyone dissed it and it started slowly but, as momentum grew and people realised the reality of the situation, business left the LIFFE to migrate online.

I suspect Brexit is the same; diss its effects all you like but the real economic impact will be properly understoo and felt a year or so after we have left - and yeah, once again I'm bearish how many 'pits' will still be trading! Hope Im wrong.....

Pody

20 posts

69 months

Tuesday 21st August 2018
quotequote all
kurt535 said:
I hope im wrong but......in a previous world, I was a local on the LIFFE trading Bunds. I remember the build up to the Germans launching their own electronic trading platform. Well, everyone dissed it and it started slowly but, as momentum grew and people realised the reality of the situation, business left the LIFFE to migrate online.

I suspect Brexit is the same; diss its effects all you like but the real economic impact will be properly understoo and felt a year or so after we have left - and yeah, once again I'm bearish how many 'pits' will still be trading! Hope Im wrong.....
It's all good though cos the gammons will be ecstatic and we won't have so many immigrants, well worth the price, I see our Trade Secretary has been making an arse of himself again today, we're becoming the laughing stock around the world and all to appease a spat in the Tory Party and right-wing populism, how sad.

PurpleMoonlight

22,362 posts

157 months

Tuesday 21st August 2018
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Pody said:
It's all good though cos the gammons will be ecstatic and we won't have so many immigrants, well worth the price, I see our Trade Secretary has been making an arse of himself again today, we're becoming the laughing stock around the world and all to appease a spat in the Tory Party and right-wing populism, how sad.
Is that the bit where he admits immigration won't be cut by much or that our exports can be increased by 5% of GDP by a few adverts on the TV?

Vanden Saab

13,998 posts

74 months

Tuesday 21st August 2018
quotequote all
Government borrowing 12.8 billion lowest since 2002
government surplus 2billion highest since 2000
Because brexit....

Pody

20 posts

69 months

Tuesday 21st August 2018
quotequote all
Vanden Saab said:
Government borrowing 12.8 billion lowest since 2002
government surplus 2billion highest since 2000
Because brexit....
In the month when self-employed workers pay their taxes, nice try. The country is not in a healthy state economically, business is freaked over Brexit, but hey we're taking back control, no deal is better than a bad deal, the optimism around the country is so refreshing, ( said no-one).

sidicks

25,218 posts

221 months

Tuesday 21st August 2018
quotequote all
Pody said:
It's all good though cos the gammons will be ecstatic and we won't have so many immigrants, well worth the price, I see our Trade Secretary has been making an arse of himself again today, we're becoming the laughing stock around the world and all to appease a spat in the Tory Party and right-wing populism, how sad.
Back to the same ignorant nonsense from the usual suspects (operating under a different username).
sleep
Never mind!

SpeckledJim

31,608 posts

253 months

Tuesday 21st August 2018
quotequote all
Pody said:
Vanden Saab said:
Government borrowing 12.8 billion lowest since 2002
government surplus 2billion highest since 2000
Because brexit....
In the month when self-employed workers pay their taxes, nice try. The country is not in a healthy state economically, business is freaked over Brexit, but hey we're taking back control, no deal is better than a bad deal, the optimism around the country is so refreshing, ( said no-one).
This is the first month they've paid taxes since 2002? Don't they do it every year?

s2art

18,937 posts

253 months

Tuesday 21st August 2018
quotequote all
kurt535 said:
I hope im wrong but......in a previous world, I was a local on the LIFFE trading Bunds. I remember the build up to the Germans launching their own electronic trading platform. Well, everyone dissed it and it started slowly but, as momentum grew and people realised the reality of the situation, business left the LIFFE to migrate online.

I suspect Brexit is the same; diss its effects all you like but the real economic impact will be properly understoo and felt a year or so after we have left - and yeah, once again I'm bearish how many 'pits' will still be trading! Hope Im wrong.....
Wasnt that just a matter of timing? The Germans built their electronic platform well before LIFFE got round to it. Basically LIFFE dropped the ball. Not many (any?) open cry trading pits left are there? As London seems to be the centre for electronic financial systems developments these days the situation just isnt the same as the one you described.

CaptainSlow

13,179 posts

212 months

Tuesday 21st August 2018
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I still want the "immediate" and "profound" recession I was promised.


SpeckledJim

31,608 posts

253 months

Tuesday 21st August 2018
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CaptainSlow said:
I still want the "immediate" and "profound" recession I was promised.
You reckon you're cross about that!? My house hasn't lost a penny!

Troubleatmill

10,210 posts

159 months

Tuesday 21st August 2018
quotequote all
sidicks said:
Pody said:
It's all good though cos the gammons will be ecstatic and we won't have so many immigrants, well worth the price, I see our Trade Secretary has been making an arse of himself again today, we're becoming the laughing stock around the world and all to appease a spat in the Tory Party and right-wing populism, how sad.
Back to the same ignorant nonsense from the usual suspects (operating under a different username).
sleep
Never mind!
That was my immediate thought too.

So - I clicked on PODY's username and....he has only been on PH for 1 month.....



He has never posted a question or a reply on any forum except these...



By no means conclusive - but I suspect ///ajd, Gloria, ( some other forum name he used before ) - is now back.


Fittster

20,120 posts

213 months

Tuesday 21st August 2018
quotequote all
Vanden Saab said:
Government borrowing 12.8 billion lowest since 2002
government surplus 2billion highest since 2000
Because brexit....
So you are also going to claim the below trend growth on Brexit?


Pody

20 posts

69 months

Tuesday 21st August 2018
quotequote all
Troubleatmill said:
That was my immediate thought too.

So - I clicked on PODY's username and....he has only been on PH for 1 month.....



He has never posted a question or a reply on any forum except these...



By no means conclusive - but I suspect ///ajd, Gloria, ( some other forum name he used before ) - is now back.
Our PH detectives are out in force, middle aged & elderly Gammons.... my Dad uses this site primarily for the motoring side, I've lurked over the years whilst home and been appalled at the right-wing nonsense spouted, off to finish my Masters in Sept and won't be around much after, you lot really are a nasty narrow minded bunch. Can't debate about ANYTHING and resort to name calling whilst the biggest economic upheaval in our countries history takes place, the sad thing is when it fks up and we rejoin most of you will be dead. Let's face it, us young people, we never voted for this and we will reverse it it's not going to be about left or right in the next decade, it will be pro or anti-EU, you lot have left us isolated.

s2art

18,937 posts

253 months

Tuesday 21st August 2018
quotequote all
Pody said:
Our PH detectives are out in force, middle aged & elderly Gammons.... my Dad uses this site primarily for the motoring side, I've lurked over the years whilst home and been appalled at the right-wing nonsense spouted, off to finish my Masters in Sept and won't be around much after, you lot really are a nasty narrow minded bunch. Can't debate about ANYTHING and resort to name calling whilst the biggest economic upheaval in our countries history takes place, the sad thing is when it fks up and we rejoin most of you will be dead. Let's face it, us young people, we never voted for this and we will reverse it it's not going to be about left or right in the next decade, it will be pro or anti-EU, you lot have left us isolated.
Got to be trolling. Approx 3 out of 10.

Supercilious Sid

2,575 posts

161 months

Tuesday 21st August 2018
quotequote all
s2art said:
Pody said:
Our PH detectives are out in force, middle aged & elderly Gammons.... my Dad uses this site primarily for the motoring side, I've lurked over the years whilst home and been appalled at the right-wing nonsense spouted, off to finish my Masters in Sept and won't be around much after, you lot really are a nasty narrow minded bunch. Can't debate about ANYTHING and resort to name calling whilst the biggest economic upheaval in our countries history takes place, the sad thing is when it fks up and we rejoin most of you will be dead. Let's face it, us young people, we never voted for this and we will reverse it it's not going to be about left or right in the next decade, it will be pro or anti-EU, you lot have left us isolated.
Got to be trolling. Approx 3 out of 10.
You would never guess he was so young as he shows such a mature attitude.

dangerousB

1,697 posts

190 months

Tuesday 21st August 2018
quotequote all
Pody said:
business is freaked over Brexit
Yours may be, ours certainly isn't. We've never been busier.

Pody said:
the optimism around the country is so refreshing, ( said no-one).
Again, I think you may be just talking about yourself - you do sound a bit of a misery!

andymadmak

14,542 posts

270 months

Tuesday 21st August 2018
quotequote all
Pody said:
Our PH detectives are out in force, middle aged & elderly Gammons....



........you lot really are a nasty narrow minded bunch.


Can't debate about ANYTHING and resort to name calling
Hypocrisy much?

Pody said:
whilst the biggest economic upheaval in our countries history takes place,
No. I think you need to read some history. I suspect that WW2 (for example) was a somewhat larger shock to the UK system.

Pody said:
the sad thing is when it fks up and we rejoin most of you will be dead. Let's face it, us young people, we never voted for this and we will reverse it it's not going to be about left or right in the next decade, it will be pro or anti-EU, you lot have left us isolated.
Yet all the evidence suggests that as people get older (and wiser/more experienced) their support for the EU falls. So if us oldies are going to be dead by the time of the next vote (let's say, 40 years?) then there will be a new cohort of people who have become older and wiser ready to vote for staying out. (You do understand that you won't stay young forever, don't you?)

sidicks

25,218 posts

221 months

Tuesday 21st August 2018
quotequote all
Pody said:
Our PH detectives are out in force, middle aged & elderly Gammons.... my Dad uses this site primarily for the motoring side, I've lurked over the years whilst home and been appalled at the right-wing nonsense spouted, off to finish my Masters in Sept and won't be around much after, you lot really are a nasty narrow minded bunch.
rofl
Masters in what?
So you’re just a student with little experience of the real world who has never had a real job? That makes sense.

pody said:
Can't debate about ANYTHING and resort to name calling whilst the biggest economic upheaval in our countries history takes place, the sad thing is when it fks up and we rejoin most of you will be dead.
1. You must be oblivious to your own name calling
2. Your understanding of history is fundamentally flawed
3. Do you mean “Country’s history?” Standards at university are so much lower these days! Poor punctuation too!
4. Your last comment betrays so much ignorance

pody said:
Let's face it, us young people, we never voted for this and we will reverse it it's not going to be about left or right in the next decade, it will be pro or anti-EU, you lot have left us isolated.
rofl
Wrong again.

Edited by sidicks on Tuesday 21st August 18:11

sidicks

25,218 posts

221 months

Tuesday 21st August 2018
quotequote all
Pody said:
Expect quite a few more members joining this site after the Labour Party Conference, I'm talking thousands, we are very well oraganised on Social Media, we are gonna turn this place into a Socialist Mecca, you have been warned smile
rofl
Priceless. What a bell-end.

Can’t imagine you’ll be here long once the Mods see this.

Edited by sidicks on Tuesday 21st August 18:10