Off Topic EU deabte. Which way are you voting ?

Don't forget the flag waving gibbers, hankering for the days of the Empire.

 

Mark Twain!....

 

The reality is much of the financial sector needs to learn its place in the 21st century.
Having your grubby mitts close to or on the money makes you no more intelligent or
important to society than the counter staff of a high street bank branch.

There is certainly public appetite for the politics that makes this clear as day.

 

More soundbites!..

The reality is that the markets are global and huge. Again, many have tried to fight them, all have lost.

That's the reality of it....

 

You patently don't understand the financial markets.

The markets hate uncertainty - it's a simple fact.

The British electorate have delivered a period of massive uncertainty, which Cameron has since prolonged by refusing to be the man who does the deed of actioning article 50. So we now face months of economic uncertainty and the markets will react accordingly. As will every non British based business seeking to invest in infrastructure within Europe, they'll all avoid us like the plague.

 

That uncertainty is the same today as it was last week. The delivery hasn't arrived yet.

 

The financial markets are the hub of any capitalist economy ffs. Their influence isn't going to change, merely the affect that their influence has on our economy post this debacle, as for the foreseeable it'll be a negative impact.

It's not the traders fault that the UK has made this decision, they will merely continue to invest their clients cash.

****ing clueless

 

^^^^ This is why it's difficult to take you seriously.

 

I imagine you find quite a few things difficult.

At this moment in time, is our membership in Europe the same as this time last week?

 

Ahhh this is where you start becoming facetious.

Give a serious answer fella. You know what Tobes is saying. You'd have more credibility if you gave an answer of how we can tackle that, rather than stonewalling a problem by saying it doesn't exist. You did that the other day aswell.

 

Sorry Trebs, but have you only just worked that out!?...

 

I have answered, it's you and the others that are doing what you're claiming I am.

Our position in Europe hasn't changed. It won't change for about two years minimum. What's happening is the market makers making a point. That's what I'm talking about when I suggest controls.

 

Christ you're a whiny git.

 

At least the 'It will all be okay in the end' argument is more credible than 'We have no plan' that the Brexit MPs have ... or don't have

http://news.sky.com/video/1717859/islam-there-is-no-brexit-plan

 

I'm not going to go on a barracking (is that even a word?) of anyone on here. I genuinely want to know where we are going to go from here, following the vote. I see someone make a post and then see the response. I'm interested to know what solutions the Brexit people have. There are a couple who are genuinely interested in trying to come together on this to try and reconcile some way forward. I'd rather that was done by all on here tbh.

 

'No plan'

http://news.sky.com/video/1717859/islam-there-is-no-brexit-plan

 

Absolutely, that's the point I made a bit back when I posted about Question Time.

The vote's made, we are where we are. It's no good just claiming it should have been different or spouting that everyone but them is an idiot. That's the pompous attitude that people have rejected.

 

As I said you patently don't understand it.

The uncertainty of the decision, which saw the markets tank when it looked like Brexit were winning and then recover strongly when it appeared that they were going to lose at the death (which should give you a clue). Have now been replaced by the certainty of Brexit and all of the massive uncertainty that brings with it.

You leavers were warned about this before the vote but chose to trust chumps like Farage, who offered no positive tangible view of what would happen post Brexit.

Instead him and his cohorts tried to ridicule the predictions of virtually every economic expert who predicted a gloomy outcome, as hyperbole and doom mongering. They tried to make out that economics was a black art, and used the 2008 crash to try and justify this absolute bollocks - well they didn't see that coming, ergo their view is not worth listening to.

Only 2008 was primarily caused by Sherman's bundling up ****e debt in bonds sold all over the globe causing a crisis that few could have predicted - however, once the crash started the economists could accurately predict what would happen - and did, as its basic economics not some mystical bullshit.

They did the same with Brexit.

The pound will fall - already happening
Therefore exports will cost more and we have a trade deficit = inflation
Inflation = cost of living increases = less disposable income
Consumer confidence also falls due to the uncertainty = less spending
The 2 combined = a shrinking economy and a fall in GDP
Inflation needs to be controlled = interest rate rises
Creates yet more contraction
Contraction = job losses
Job losses = further contraction
Lack of overseas investment = further contraction
The public purse reduces and unemployment rises = massive reduction in public spending

This is how it'll pan out, vault me on it. As its not some mysterious black art, it's basic ****ing economics

 

We have little choice but to reconcile a way forward.

As I found out, some people you just cannot debate with. As soon as you point out any flaws in their argument, they become defensive and insulting.

As I said earlier, I'm more than happy to debate with considered Brexiters, like afctw, but with some others you just have to give up and let it go.

 

How long it takes will depend on what noises are coming from the negotiations about access to the common market. I'm afraid I can't give any exact timeline as it really will depend when negotiations start and how quickly we make it clear that is our preferred outcome. It will also depend what noises are made about our direction in regards to non-EU countries. But it is in everyone's best interests to get a deal done quickly and so I'd hope that at some point fairly early within the two year negotiation period the right noises begin to be heard.

I don't flippantly dismiss anyone's worries about brexit and openly told people I expected there to be negative effects in the short term in the lead up to the referendum, I've not shied away from it and understand why some people are worried. But I do genuinely believe that in the medium to long term this will result in a stronger economy.

I know this one wasn't aimed at me but I'd say firstly that my hope is that it won't be a tanked pound to a level that makes importing unfeasable for a 12 month period as my opinion is that access to the common market will be the focal point of negotiations and that will become clear fairly quickly (which is likely to piss off a lot of leave voters I'd imagine due to the compromises we will likely have to accept) which will lead to a recovery on the pound. And secondly I'd hope that any import business who deals heavily with the EU would have put some level of contingency plans in place incase of a brexit and drop of the pound.