leave = brexit consequences ( Archived) (786)

Jul 5, 2016 8:13 AM CST leave = brexit consequences
lifeisadream
lifeisadreamlifeisadreamMexi Go, Mexico State Mexico156 Threads 20 Polls 16,713 Posts
purr4mance: life, that's the way markets have always operated. no one has a clue, other than inside traders.


That is the point laugh
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Jul 5, 2016 8:27 AM CST leave = brexit consequences
lifeisadream
lifeisadreamlifeisadreamMexi Go, Mexico State Mexico156 Threads 20 Polls 16,713 Posts
lifeisadream: There is going to be a difficult time, how difficult it is unknown with a 100 % precision.

2.9 bn Pounds is nothing and I believe the source your are quoting is rather sensacionalist I would consider other sources as well.

"Brexit is NOT an Economic Catastrophe say Capital Economics but Fresh Austerity Drive by Govt Would be 'Disasterous' "
Bogart_1960: i am not sure where you read your sensationalist news - nor i do care -, but i get mine from my area of work (M&A), and from reputable sources - so dont try to patronize. It is an area I believe i have enough understanding.

regarding my quote is from The Guardian - "that it rarely (in comparison to most other common newspapers in the UK) publishes sensationalist articles, preferring a quieter more balanced (and researched) approach".

I dont agree with the idea of Bootle as he is a brexiter . plenty of other independent economist and studies shows the opposite. feel free to research, if you want.


When trying to know and understand any subject it is better to take a look at the different sides rather than to be either fatalist or Brexit lover yet rumors move those markets sometimes beyond reason but I am not an expert in financial markets.

And yes I have posted another reference about different scenarios for the "life after Brexit"

Patronizing you?
Not at all yet I can be a "Patrón"

And since you are an expert in financial markets would you tell me what could be done to prevent UK from a economic catastrophe?


Thanks in advance!

writing
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Jul 5, 2016 10:11 AM CST leave = brexit consequences
Bogart_1960
Bogart_1960Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Posts
lifeisadream: When trying to know and understand any subject it is better to take a look at the different sides rather than to be either fatalist or Brexit lover yet rumors move those markets sometimes beyond reason but I am not an expert in financial markets.

And yes I have posted another reference about different scenarios for the "life after Brexit"

Patronizing you?
Not at all yet I can be a "Patrón"

And since you are an expert in financial markets would you tell me what could be done to prevent UK from a economic catastrophe?Thanks in advance!



by the words and attitude you define yourself, and by the level that an answer can dig to, also - some people rather than coming across as the accomplished intellectual they imagine themselves to be, they are coming across as a pretentious arrogant (patron) mind... . . .but, hey, nobody's perfect…

arrogance and anger are usually pretty easy to spot boiling beneath the surface, and you don't seem to make any effort to hide them - which a comment like the one I made bothers you so much, that you are trying to “insult” with “an expert in financial markets would you tell me what could be done to prevent UK from a economic catastrophe?”. ( sure Osborne has a crystal ball and it is in the Haab's ).

regarding my “knowledge” of financial markets, I do use for my profession/clients and not to entertain/debate CS – here, I prefer to “play moron”, instead, like you, to “show” intelligence/knowledge.

btw, haven't you noticed how your remarks are often clever, sharp, etc.? most people respond immediately, expressing what is in their mind. but not you; you 'craft' these intricate responses that in no way resemble anything to be taken serious. … but I'm reasonably confident that wasn't your intention.

Enjoy your day, I am not interested in “rhetoric’s”, as "debate" are quite rare.

PS. Google your question- sure you can find whatever fits you.
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Jul 5, 2016 10:16 AM CST leave = brexit consequences
purr4mance
purr4mancepurr4manceCleveland, Ohio USA4,825 Posts
lifeisadream: That is the point


goes without saying.
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Jul 5, 2016 11:23 AM CST leave = brexit consequences
Capricorn143
Capricorn143Capricorn143The Best, Jugovzhodna Slovenia1 Threads 1,115 Posts
The EU is about control not free trade:



"the European Union is not primarily about free trade for mutual benefit, but about political integration and economic harmonisation, in which free trade is just the reward for going along with the political ambitions of Brussels....

Is leaving the European Union with its plans for ever-greater harmonisation leading to a political, fiscal, and social union really “desertion”? Is the desire to be an independent, sovereign country, yet still participate in free trade with some of the world's largest economies, cherry-picking? As Murray Rothbard has pointed out, “genuine free trade doesn’t require a treaty,” and if it does not even require a treaty, it is quite clear that it certainly does not require a political union that harmonises away the competition responsible for many of the benefits of free trade.

This, however, seems lost on many politicians and bureaucrats in the EU, as well as many of its intellectual supporters at universities and newspapers across Europe, even when they did make the effort to mention the common market as a major benefit of remaining a member of the union."
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Jul 5, 2016 11:27 AM CST leave = brexit consequences
purr4mance
purr4mancepurr4manceCleveland, Ohio USA4,825 Posts
Capricorn143: The EU is about control not free trade:



"the European Union is not primarily about free trade for mutual benefit, but about political integration and economic harmonisation, in which free trade is just the reward for going along with the political ambitions of Brussels....

Is leaving the European Union with its plans for ever-greater harmonisation leading to a political, fiscal, and social union really “desertion”? Is the desire to be an independent, sovereign country, yet still participate in free trade with some of the world's largest economies, cherry-picking? As Murray Rothbard has pointed out, “genuine free trade doesn’t require a treaty,” and if it does not even require a treaty, it is quite clear that it certainly does not require a political union that harmonises away the competition responsible for many of the benefits of free trade.

This, however, seems lost on many politicians and bureaucrats in the EU, as well as many of its intellectual supporters at universities and newspapers across Europe, even when they did make the effort to mention the common market as a major benefit of remaining a member of the union."



free trade is awesome. the problem is our governments want free trade agreements. the winners and losers are identified before a single good changes hands.
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Jul 5, 2016 12:07 PM CST leave = brexit consequences
Capricorn143
Capricorn143Capricorn143The Best, Jugovzhodna Slovenia1 Threads 1,115 Posts
purr4mance: free trade is awesome. the problem is our governments want free trade agreements. the winners and losers are identified before a single good changes hands.


They can go to hell, we shall not be intimidated grin
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Jul 5, 2016 2:20 PM CST leave = brexit consequences
Meanwhile in the Real World.

Conservative 1st round election results.

May 165
Leadsom 66
Gove 48
Crabb 34
Fox 16

Fox eliminated & Crabb has withdrawn backing Theresa May.

Sterling at a 31 year low against the Dollar @ 1.3117
@ Euro 1.1787
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Jul 5, 2016 2:26 PM CST leave = brexit consequences
lifeisadream
lifeisadreamlifeisadreamMexi Go, Mexico State Mexico156 Threads 20 Polls 16,713 Posts
Bogart_1960: by the words and attitude you define yourself, and by the level that an answer can dig to, also - some people rather than coming across as the accomplished intellectual they imagine themselves to be, they are coming across as a pretentious arrogant (patron) mind... . . .but, hey, nobody's perfect…

arrogance and anger are usually pretty easy to spot boiling beneath the surface, and you don't seem to make any effort to hide them - which a comment like the one I made bothers you so much, that you are trying to “insult” with “an expert in financial markets would you tell me what could be done to prevent UK from a economic catastrophe?”. ( sure Osborne has a crystal ball and it is in the Haab's ).

regarding my “knowledge” of financial markets, I do use for my profession/clients and not to entertain/debate CS – here, I prefer to “play moron”, instead, like you, to “show” intelligence/knowledge.

btw, haven't you noticed how your remarks are often clever, sharp, etc.? most people respond immediately, expressing what is in their mind. but not you; you 'craft' these intricate responses that in no way resemble anything to be taken serious. … but I'm reasonably confident that wasn't your intention.

Enjoy your day, I am not interested in “rhetoric’s”, as "debate" are quite rare.

PS. Google your question- sure you can find whatever fits you.


comfort
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Jul 5, 2016 3:01 PM CST leave = brexit consequences
Bogart_1960
Bogart_1960Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Posts
Aragorn11: Meanwhile in the Real World.

Conservative 1st round election results.

May 165
Leadsom 66
Gove 48
Crabb 34
Fox 16

Fox eliminated & Crabb has withdrawn backing Theresa May.

Sterling at a 31 year low against the Dollar @ 1.3117
@ Euro 1.1787


Bank of England easing regulations on banks to allow them to release up to £150bn worth of loans to households and businesses.

Aviva suspends trading in £1.8 billion property fund as investors pull out of UK commercial holdings.
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Jul 5, 2016 10:21 PM CST leave = brexit consequences
Bogart_1960: by the words and attitude you define yourself, and by the level that an answer can dig to, also - some people rather than coming across as the accomplished intellectual they imagine themselves to be, they are coming across as a pretentious arrogant (patron) mind... . . .but, hey, nobody's perfect…

arrogance and anger are usually pretty easy to spot boiling beneath the surface, and you don't seem to make any effort to hide them - which a comment like the one I made bothers you so much, that you are trying to “insult” with “an expert in financial markets would you tell me what could be done to prevent UK from a economic catastrophe?”. ( sure Osborne has a crystal ball and it is in the Haab's ).

regarding my “knowledge” of financial markets, I do use for my profession/clients and not to entertain/debate CS – here, I prefer to “play moron”, instead, like you, to “show” intelligence/knowledge.

btw, haven't you noticed how your remarks are often clever, sharp, etc.? most people respond immediately, expressing what is in their mind. but not you; you 'craft' these intricate responses that in no way resemble anything to be taken serious. … but I'm reasonably confident that wasn't your intention.

Enjoy your day, I am not interested in “rhetoric’s”, as "debate" are quite rare.

PS. Google your question- sure you can find whatever fits you.


thumbs up Oh the CS forums. it's a wonder we have all survivedlaugh BTW do you think the rest of the EU sits idly by waiting for the UK to tumble? just interested in your perspective from over there?
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Jul 6, 2016 12:10 AM CST leave = brexit consequences
sophiasummer
sophiasummersophiasummerNorthland, New Zealand112 Threads 6,528 Posts
felixis99: Oh the CS forums. it's a wonder we have all survived BTW do you think the rest of the EU sits idly by waiting for the UK to tumble? just interested in your perspective from over there?


will never crumble, that's the Queens patch.professor wine
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Jul 6, 2016 7:23 AM CST leave = brexit consequences
sophiasummer: will never crumble, that's the Queens patch.


probably truelaugh hug
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Jul 6, 2016 10:01 AM CST leave = brexit consequences
Bogart_1960
Bogart_1960Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Posts
felixis99: Oh the CS forums. it's a wonder we have all survived BTW do you think the rest of the EU sits idly by waiting for the UK to tumble? just interested in your perspective from over there?


Regarding the first part of your post I think is childish and pointless.

In relation to your comment “rest of the EU sits idly by waiting for the UK to tumble”, only in the minds of idiots, as economy is worldwide and connected.

private/institutional investors and nations have significant interest in the UK economy, (E.g latest GE investments in UK or Siemens, etc), so I don’t think any nation or word power economy will “sits idly and wait to tumble”. Corrections to the market – yes, as Uk economy have many bubbles, and lets not get into currency, as pound is not a future “world” money – if ever was. No crisis response can be perfect, but Europe is dealing with the UK crisis well enough.

I'm partial to Galbraith's quote, "There are two types of forecasters; those who don't know and those who don't know they don't know.". but EU is here to stay. The EU has enough support, and enough common sense built in, to live longer than their critics.
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Jul 6, 2016 11:52 AM CST leave = brexit consequences
tomcatwarne
tomcatwarnetomcatwarneOcean City, Plumouth, Devon, England UK289 Threads 7 Polls 17,106 Posts
Capricorn143: My god what a pretentious, arrogant man you are - there are qotation marks to mark the exerpts from the article.


grin grin rolling on the floor laughing thumbs up
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Jul 6, 2016 12:06 PM CST leave = brexit consequences
Bogart_1960
Bogart_1960Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Posts
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Jul 6, 2016 12:09 PM CST leave = brexit consequences
tomcatwarne
tomcatwarnetomcatwarneOcean City, Plumouth, Devon, England UK289 Threads 7 Polls 17,106 Posts
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Jul 6, 2016 12:19 PM CST leave = brexit consequences
Bogart_1960
Bogart_1960Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Posts
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Jul 6, 2016 12:22 PM CST leave = brexit consequences
tomcatwarne
tomcatwarnetomcatwarneOcean City, Plumouth, Devon, England UK289 Threads 7 Polls 17,106 Posts
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Jul 6, 2016 2:00 PM CST leave = brexit consequences
Bogart_1960: Bank of England easing regulations on banks to allow them to release up to £150bn worth of loans to households and businesses.

Aviva suspends trading in £1.8 billion property fund as investors pull out of UK commercial holdings.


Not surprised the BOE are doing this but the average household boorowings in the UK is already very high. Needs stimilus I suppose.

The Sterling situation will be of serious concern, considering the relative stability of the Euro.
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