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Did the UK do the right thing in voting to leave the E.U.

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Did the UK do the right thing in voting to leave the E.U.

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Old Oct 26th 2016 | 12:31 pm
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by astera
Beoz on brexit: "Just imagine if it didn't happen [a negative scenario after brexit] and the UK became the next Switzerland."

One only has to look at your posts to see someone who is on cloud 9 whilst being oblivious to reality itself.

The Pound is about to hit its lowest level, at least in my lifetime (or possibly in history) - that pretty sums up the prospects on how this is going to affect us. Switzerland, LOL!
Are you predicting futures again? I'm more interested in 2026 when there is no more EU, not 2017.

You keep going on about currency. Sounds like there is a personal bitter pill there. Are you being crippled by you ability to pay for some bad habit in Oz with pounds? Perhaps that bad habit might be property?
 
Old Oct 26th 2016 | 2:58 pm
  #572  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

They took down the petition to throw Scotland out of the UK

Petition started to throw Scotland out of the UK – #ThrowScotlandOut | Metro News
 
Old Oct 26th 2016 | 7:57 pm
  #573  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by bcworld
It's kind of how it works in Australian referendums...maybe that's what Astera is thinking of. For a referendum to carry it needs a 'double majority'...i.e. a popular majority, plus a majority in the majority of states...i.e. at least 4 out of 6.
The 1999 Republic referendum had a 95.2% turnout the 2016 EU referendum had a 72.2% turnout.
 
Old Oct 26th 2016 | 8:07 pm
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by astera
The Pound is about to hit its lowest level, at least in my lifetime
Ah so the lowest in 12 or 13 years then
 
Old Oct 26th 2016 | 9:49 pm
  #575  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Latest News today

U.K. GDP Grows 0.5% After Brexit, Beating Estimates - Bloomberg


Last edited by commonwealth; Oct 26th 2016 at 9:52 pm.
 
Old Oct 26th 2016 | 10:53 pm
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Default Re: Did the UK do the right thing in voting to leave the E.U.

A surge in services .... ha .... I wonder if that was on the back of a softer pound and cheaper services. The article didn't say.
 
Old Oct 26th 2016 | 11:30 pm
  #577  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Nissan committing to Sunderland:
https://www.theguardian.com/business...els-in-britain

UK economy still growing, not strongly but not bad either:
https://www.theguardian.com/business...slowdown-fears

I wouldn't mind trying to get on to that new phosphate mine project in Yorkshire that's recently been given FID - the one that Gina Rinehart is backing (a good tip would be to back what she's backing, the woman knows her onions). 37kms of underground conveyors - now that's a project
 
Old Oct 26th 2016 | 11:35 pm
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by Beoz
A surge in services .... ha .... I wonder if that was on the back of a softer pound and cheaper services. The article didn't say.
I might have been shopping in London during that time.

And the summer months...oh how great was that...tourists galore.
 
Old Oct 26th 2016 | 11:52 pm
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by Beoz
A surge in services .... ha .... I wonder if that was on the back of a softer pound and cheaper services. The article didn't say.
Say you owned an airline and were buying new planes. Usually you have a choice of engine providers - Rolls Royce, Pratt & Whitney, GE. They all will have similar performance and any of them would be a viable choice. I would imagine that they all cost pretty much the same in USD terms, but now RR suddenly have an advantage. Their costs are mainly in GBP, so they can afford to sell their engines for less and still make good profits - a competitive advantage. Great news if you are a RR employee or shareholder or own a business/service provider in the Derby or Bristol areas. Not so good news if you are a GE employee in Connecticut

I laugh at the many on BE who fret about exchange rates and spout on with dire predictions and consequences when in reality, different points in the XR cycle favour different people/circumstances

It's all just basic economics and the way shit works
 
Old Oct 27th 2016 | 12:05 am
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by Amazulu
Nissan committing to Sunderland:
https://www.theguardian.com/business...els-in-britain

UK economy still growing, not strongly but not bad either:
https://www.theguardian.com/business...slowdown-fears

I wouldn't mind trying to get on to that new phosphate mine project in Yorkshire that's recently been given FID - the one that Gina Rinehart is backing (a good tip would be to back what she's backing, the woman knows her onions). 37kms of underground conveyors - now that's a project
So you quote the Guardian when it suits you but when others do and it doesn't suit you, you go on a rant about left wing rags, don't believe them etc? Your right wing friend also says you should read between the lines.

Nissan are going to produce the new models at Sunderland AFTER receiving assurances and grants from Theresa May post Brexit i.e. they would have stayed there and produced them without the financial incentives which had to be offered or they probably would have made the models in Portugal, their other EU base without the incentives. (hardly a triumph for Brexit)

Last edited by OzTennis; Oct 27th 2016 at 1:02 am.
 
Old Oct 27th 2016 | 2:56 am
  #581  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by OzTennis
So you quote the Guardian when it suits you but when others do and it doesn't suit you, you go on a rant about left wing rags, don't believe them etc? Your right wing friend also says you should read between the lines.

Nissan are going to produce the new models at Sunderland AFTER receiving assurances and grants from Theresa May post Brexit i.e. they would have stayed there and produced them without the financial incentives which had to be offered or they probably would have made the models in Portugal, their other EU base without the incentives. (hardly a triumph for Brexit)
Chill teach, these are news stories that are also in the normal (aka right-wing) press too, but alas, all are behind paywalls or have limited access

The left-wing press has its place. It's fine on straight news stories, sport etc. It's when they write about politics, economics, history and the environment that the lies, half-truths, jealousy, bitterness and anti-western sentiment comes out

As for your post - another smoke and mirrors post from teach

Nothing new there then!
 
Old Oct 27th 2016 | 4:03 am
  #582  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by Amazulu
Say you owned an airline and were buying new planes. Usually you have a choice of engine providers - Rolls Royce, Pratt & Whitney, GE. They all will have similar performance and any of them would be a viable choice. I would imagine that they all cost pretty much the same in USD terms, but now RR suddenly have an advantage. Their costs are mainly in GBP, so they can afford to sell their engines for less and still make good profits - a competitive advantage. Great news if you are a RR employee or shareholder or own a business/service provider in the Derby or Bristol areas. Not so good news if you are a GE employee in Connecticut

I laugh at the many on BE who fret about exchange rates and spout on with dire predictions and consequences when in reality, different points in the XR cycle favour different people/circumstances

It's all just basic economics and the way shit works
that would all be true if RR didn't assemble their engines in SA

Rolls-Royce rolls out MTU South Africa’s upgraded facility in Cape Town

and the US

http://www.ibj.com/articles/60819-ro...e-juggling-act

A lot of companies moved manufacturing when the exchange rate was over $2 to the pound. that was only 10 years ago.

Last edited by mrken30; Oct 27th 2016 at 4:06 am.
 
Old Oct 27th 2016 | 7:42 am
  #583  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by Garbatellamike
Ah so the lowest in 12 or 13 years then
You really need to share with us the logic of that response as the last time it was this low was in the mid 80's.

Plus I wasn't even writing about that but what will happen shortly when Theresa May(day) enacts Article 50 (since my lifetime goes beyond those years)...

Originally Posted by Beoz
You keep going on about currency. Sounds like there is a personal bitter pill there. Are you being crippled by you ability to pay for some bad habit in Oz with pounds? Perhaps that bad habit might be property?
Not at all. I ditched the Pound for the AUD to ride that wave at the time, before offloading everything into the USD when the Aussie Dollar was above parity. My only exposure right now remains in USD.

I hold no significant balance in GBP and certainly no property there. I do wonder whether I should set an automatic conversion rate to GBP to maybe catch a deal when the gov't pushes the self-destruct button. We might see similar volatility to when the Swiss Franc (albeit in the opposite direction) gave up it's fixed rate polity, where a currency makes a huge swing before making a decent-enough correction to cash in upon.
 
Old Oct 27th 2016 | 8:21 am
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by astera
You really need to share with us the logic of that response as the last time it was this low was in the mid 80's.

Plus I wasn't even writing about that but what will happen shortly when Theresa May(day) enacts Article 50 (since my lifetime goes beyond those years)...



Not at all. I ditched the Pound for the AUD to ride that wave at the time, before offloading everything into the USD when the Aussie Dollar was above parity. My only exposure right now remains in USD.

I hold no significant balance in GBP and certainly no property there. I do wonder whether I should set an automatic conversion rate to GBP to maybe catch a deal when the gov't pushes the self-destruct button. We might see similar volatility to when the Swiss Franc (albeit in the opposite direction) gave up it's fixed rate polity, where a currency makes a huge swing before making a decent-enough correction to cash in upon.
Well it looks like that insignificant balance is upsetting you. I hold a significant balance of pounds, but I don't care. They are not there for this year, or next.
 
Old Oct 27th 2016 | 11:25 am
  #585  
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Default Re: Did the UK do the right thing in voting to leave the E.U.

Originally Posted by mrken30
that would all be true if RR didn't assemble their engines in SA

Rolls-Royce rolls out MTU South Africa’s upgraded facility in Cape Town

and the US

Rolls-Royce's $400M modernization is massive juggling act | 2016-10-15 | Indianapolis Business Journal | IBJ.com

A lot of companies moved manufacturing when the exchange rate was over $2 to the pound. that was only 10 years ago.
Details

The bulk of RR's manufacturing is still in the UK
 


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