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Post EU Referendum

Post EU Referendum

Old Dec 19th 2017, 9:11 pm
  #25621  
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Default Re: Post EU Referendum

Originally Posted by la mancha View Post
How you can come to that conclusion when we have not Brexited, I don’t know.
As for the rest of your post, all I can say is, well done Farage.
Thanks for confirming, the quasi racists,lies and misinformation of the leave campaign.
They must have your photo up in the offices of the Express and Mail as the profile of the reader their headlines are targeted at.
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Old Dec 19th 2017, 9:39 pm
  #25622  
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Default Re: Post EU Referendum

Originally Posted by Lion in Winter View Post
So you are saying the same thing. Remain only lost because they "lied" and didn't explain the facts correctly. Therefore, had the actual facts been explained and understood, people would have voted to stay. And since these facts represent truth (as opposed to the Remain lies), the truth is that we would have been better off staying. Do you think the people are stupid and would have deliberately chosen the wrong path even after the facts had been properly explained?
But we won't know the facts until we Brexit, will we? So both sides had to economise with the truth. Only Farage's team were better at it. That is fact. The upside is all the Remain doom-mongers were wrong thus far. Face another fact: Farage got it right while Remain f*****-up, big-time.
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Old Dec 19th 2017, 9:49 pm
  #25623  
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Default Re: Post EU Referendum

Originally Posted by la mancha View Post
But we won't know the facts until we Brexit, will we? So both sides had to economise with the truth. Only Farage's team were better at it. That is fact. The upside is all the Remain doom-mongers were wrong thus far. Face another fact: Farage got it right while Remain f*****-up, big-time.
Well, Osborne probably was a bit over zealous in his doom mongering, having said that, the exchange rate has plummeted. That is the single most accurate and objective indicator of the economic outlook. It's not controlled by biased UK politicians (of either stripe) but world markets and investors. The weak pound is a clear signal that 'everyone' thinks we are on the wrong path.
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Old Dec 19th 2017, 10:58 pm
  #25624  
 
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Default Re: Post EU Referendum

Originally Posted by la mancha View Post
But we won't know the facts until we Brexit, will we? So both sides had to economise with the truth. Only Farage's team were better at it. That is fact. The upside is all the Remain doom-mongers were wrong thus far. Face another fact: Farage got it right while Remain f*****-up, big-time.
If there were no facts to be known, then how was lying possible?

And now you are saying that it's Leave that was lying.
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Old Dec 19th 2017, 11:02 pm
  #25625  
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Default Re: Post EU Referendum

Originally Posted by Shard View Post
Well, Osborne probably was a bit over zealous in his doom mongering, having said that, the exchange rate has plummeted. That is the single most accurate and objective indicator of the economic outlook. It's not controlled by biased UK politicians (of either stripe) but world markets and investors. The weak pound is a clear signal that 'everyone' thinks we are on the wrong path.
Astute analysis - the markets have already priced in Brexit to a large extent. The weaker pound has attracted great inward investment negating some of the economic effects forecast by Osborne et al.
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Old Dec 19th 2017, 11:15 pm
  #25626  
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Default Re: Post EU Referendum

Originally Posted by Garbatellamike View Post
nawww the Americans still have it by a distance
Well, the Brits are pulling out of the EU and the Americans from the Paris climate change agreement. Plenty of shared ignorance to go around equally.

Last edited by Richard8655; Dec 19th 2017 at 11:28 pm.
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Old Dec 19th 2017, 11:32 pm
  #25627  
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Default Re: Post EU Referendum

Originally Posted by Richard8655 View Post
Well, the Brits are pulling out of the EU and the Americans from the Paris climate change agreement. Plenty of shared ignorance to go around equally.
Yeah but the Americans played the Trump card - boom boom
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Old Dec 20th 2017, 1:23 am
  #25628  
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Default Re: Post EU Referendum

Originally Posted by Garbatellamike View Post
Astute analysis - the markets have already priced in Brexit to a large extent. The weaker pound has attracted great inward investment negating some of the economic effects forecast by Osborne et al.
It's also increased inflation somewhat, decreasing living standards in the process:

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Old Dec 20th 2017, 7:51 am
  #25629  
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Default Re: Post EU Referendum

Originally Posted by Garbatellamike View Post
Astute analysis - the markets have already priced in Brexit to a large extent. The weaker pound has attracted great inward investment negating some of the economic effects forecast by Osborne et al.
What world do you live in.
The weaker pound means that overseas companies who invest in the UK receive lower profits as their sterling earnings are worth less in dollars, yen, etc.
As a non UK resident you obviously know nothing about the effects of inflation caused by higher prices driven by the brexit fall in sterling.
Inflation that has resulted in a an interest rate rise , putting more pressure on spending.
As I said what world do you live in.
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Old Dec 20th 2017, 8:31 am
  #25630  
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Default Re: Post EU Referendum

Originally Posted by EMR View Post
What world do you live in.
The weaker pound means that overseas companies who invest in the UK receive lower profits as their sterling earnings are worth less in dollars, yen, etc.
As a non UK resident you obviously know nothing about the effects of inflation caused by higher prices driven by the brexit fall in sterling.
Inflation that has resulted in a an interest rate rise , putting more pressure on spending.
As I said what world do you live in.
Whatever world he lives in, he clearly understands economics better than you do.

Overseas companies are investing in the UK because the pound is cheap AND also because the goods and services provided by the UK are cheap. They won't repatriate their profits until GBP rises so they'll also make money on the currency movement.

The inflation rise is a one-off (remember it is year-on-year) and it is already working through.

The BoE reduced the interest rate after the Brexit vote and has simply put it back where it was previously.

Project Fear seems to be alive and kicking in EMR-land.
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Old Dec 20th 2017, 8:46 am
  #25631  
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Default Re: Post EU Referendum

Originally Posted by InVinoVeritas View Post
Whatever world he lives in, he clearly understands economics better than you do.

Overseas companies are investing in the UK because the pound is cheap AND also because the goods and services provided by the UK are cheap. They won't repatriate their profits until GBP rises so they'll also make money on the currency movement.

The inflation rise is a one-off (remember it is year-on-year) and it is already working through.

The BoE reduced the interest rate after the Brexit vote and has simply put it back where it was previously.

Project Fear seems to be alive and kicking in EMR-land.
Name one major investor that made a decision post brexit vote to invest because of the economic uncertainty that exists currently and will for years to come.
I think you need to dust off your economics 101.
Explain if you can why almost every head of every significant company in the UK wants a soft brexit and free access to the markets that provide the majority of their export earnings.
Are they too lacking in knowledge of economics.
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Old Dec 20th 2017, 8:52 am
  #25632  
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Default Re: Post EU Referendum

Originally Posted by EMR View Post
Name one major investor that made a decision post brexit vote to invest because of the economic uncertainty that exists currently and will for years to come.
I think you need to dust off your economics 101.
Explain if you can why almost every head of every significant company in the UK wants a soft brexit and free access to the markets that provide the majority of their export earnings.
Are they too lacking in knowledge of economics.
No-one is investing because of economic uncertainty - they are doing so for economic opportunity

A suggestion for you:-

Spoiler:
Better to remain silent and be thought a fool than to speak and to remove all doubt.
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Old Dec 20th 2017, 9:07 am
  #25633  
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Default Re: Post EU Referendum

Originally Posted by InVinoVeritas View Post
Overseas companies are investing in the UK because the pound is cheap AND also because the goods and services provided by the UK are cheap. They won't repatriate their profits until GBP rises so they'll also make money on the currency movement.
That rather presupposes that GBP will rise, which it might not in the near future.

Historically, inward investment driven in the short term by uncertainty and depreciation in the value of the pound during periods of instability has not only ceased but been reversed and persistent during periods of stability.
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Old Dec 20th 2017, 9:08 am
  #25634  
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Default Re: Post EU Referendum

Originally Posted by InVinoVeritas View Post
No-one is investing because of economic uncertainty - they are doing so for economic opportunity

A suggestion for you:-

Spoiler:
Better to remain silent and be thought a fool than to speak and to remove all doubt.
Explain,why investor confidence is down.

I agree with your spoiler, is it tattooed on your forehead.
It's a pity that you do not take any notice of it when it comes to brexit and the effects of the vote and the risks to the prosperity of the UK and it's population.
But of course you are not a resident are you ?
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Old Dec 20th 2017, 10:03 am
  #25635  
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Default Re: Post EU Referendum

Originally Posted by InVinoVeritas View Post
No-one is investing because of economic uncertainty - they are doing so for economic opportunity
Yes, just as a vulture is opportunistic.

Plenty of foreign takeovers of UK companies currently going on, while it's pile 'em high sell 'em cheap season, but should the trade barriers and costs of trade go up ? Asset strip, shift operations and 'investment' to the much bigger market next door and leave the carcass.

Alternatively, if the UK does eventually decide to stay within the single market and the customs union ? Well, a tidy bit of business.
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