I'm done with them, Stan. I tried to help using the experience of those markets that I have. Result? Abuse from a couple of ******s...
Off Topic EU deabte. Which way are you voting ?
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I'm done with them, Stan. I tried to help using the experience of those markets that I have. Result? Abuse from a couple of ******s...
All loss of livelihood is tragic. I was born in a working class family and I remember people my family knew who suffered through the miners strike when I was a kid. Thankfully my dad wasn't a miner but that whole experience engrained it into me.
I have no doubt that people lost their jobs as result of the UK being in the EU. I also have no doubt that people have lost their jobs as a result of decisions made by our government. Now my question is, do I think it's right for anyone to turn around to them and say "It's alright, that's economics, we'll struggle for a bit but we'll be alright in the end."? Ofcourse not, I'd say it's equally arrogant and completely unacceptable. But just because people have lost their jobs already, doesn't mean it's ok to be indifferent towards people losing their jobs now.
What I would add aswell, the difference in this case is that people are about to lose their jobs as a direct result of all of us voting in a referendum. Not some EU faceless entity or the establishment in this country. So (and this may sound strong) I feel we are all directly responsible for what happens to people now. No NOT for them losing their jobs necessarily, but for the way we deal with them now. I fully accept the repurcussions of the referendum may well be that we will struggle for a while. But when I hear people talking about "struggling for a while" in such a nonchalent manner, to them it might mean cutting back on buying a new car, or on their weekly shopping bill, or being stung on their savings... and they'll ride that period out and hope for the best. But to those people I'm talking about, "struggling for a while" means a whole world of difference. And I just wish people wouldn't be so dismissive of what "struggling for a while" will mean for some.
My view on this is that the markets have a history of overreacting first, thinking later! It does appear that most traders are only looking at a "Brexit payday" for themselves!!
I do wonder a interest rate cut and the BOE, buying UK government bonds would help (quantative easing)
I don't fully understand how markets work so this could be complete bollox!!
Jesus Christ, answer his ****ing question for crying out loud.
Nowstatingtheobviousinspain
What constitution is this?There you go, speaking for everyone else again and getting it wrong. Why not just accept what is, let our constitution act (as I have always said) and stop being everyone's version of the big gob at the bar? But, to your credit, you do it well.
Cameron has volleyed this yet further into the long grass again today. As the realisation continues to sink in amongst the more savvy leave voters that they had their trunks pulled down by a set of frauds. By the time they get round to announcing his successor public opinion will be hugely against Brexit. Leaving the simple option of a GE fought over whether we should actually action the invoking of article 50, the get out clause that the vast majority of the House will lap up - as will the electorate.
I've answered the same ****ing question time and time again, in case you've missed it! Which you probably have, as you've missed so much else!...
I hope this isn't too controversial, but the facts are what they are and it is pretty much common knowledge at this point that this is the case
Exit Voters = Stupid, racist, lazy louts who don't understand the gravity of what they have done, mainly due to their monumental stupidity and ignorance
Remain Voters= Can read and understand basic facts and information.
Exit Voters = Stupid, racist, lazy louts who don't understand the gravity of what they have done, mainly due to their monumental stupidity and ignorance
Remain Voters= Can read and understand basic facts and information.
You don't get it, because that's not the argument.
All of that is pretty much accepted, except perhaps the issue of Brexit being a cause or simply a trigger.
The question is the more important and more relevant "what do we do about it"?
This ^ and a tube of Smarties
The idea that the market crash is either some form of spooky co-incidence or even worse some form of market manipulation, is complete and utter bollocks.
It's exactly what NSIS, you, me and a bus load of economists said would happen, and it has. It's the start of a recession caused directly by Thursday's result. They fell for the economists know nothing spin and ignored the relatively simple economics that lead to the predictions, as they don't understand them, simple as.
How about:
Some of us voted for out
We also believed that would happen (despite ****wits like him telling us we did not - why should we let him tell us our minds?)
We also knew there would be financial challenges - mystic meg suffering in Spain really ain't as cute as he thinks.
Many of us are not surprised by Cameron's resignation - what honourable option did he have?
We weren't surprised that a box didn't arrive contains a new leadership and signed off strategy ready for immediate use - some of us understand a bit about our constitution; it's actually quite clever, as the whinging Remainers might find.
Some of us understand that solutions need consideration, consultation, time to be formed in the right way.
Some just excel in stating the bleeding obvious and then getting it wrong by over egging it.
Besides that he's spot on.
That's generalising a little bit....!
But I guarantee you that every single one of the ****s who are going to trash whatever French town England are currently playing in this evening will have voted OUT!
Such is the power of Chav England now.
If you have, I missed it. Can you post a link to your answer to the question I asked?
Just for clarity, I don't mean the one about what to do next, you've already said that's beyond your expertise. I mean the one where I asked if building a positive, calm atmosphere was a start, and if so, does just pointing at the current market trends help or hinder this?
Do you deny that there is a lot of volatility due to traders and financiers backing the wrong horse and now striving to recover their positions - I believe it is called chasing the bet?
Has anyone denied that the threat of leaving the EU (we haven't yet) would have detrimental market effects? Do you know of anyone with a measure of each? Not yet, I think is the answer.
In the short term, Cameron needs to go now and whoever the unelected PM is needs to do a (at worst interim) deal with the EU, the US, Japan, China etc ASAP. The longer there is uncertainty the worse it will get.
In the long term, people should have to sit some kind of an exam to confirm that they understand the issues and are competent enough to vote.
Who saw all of that coming and still believes it is a good thing. I am still waiting to see your expert answers.
How does that square with your argument meaning that If remain had won, your vote would have been responsible for the continued suffering caused by the faceless un-elected ones.
Are you really surprised that the followers of the leave campaign are peddling this bollocks ? They have had their fingers in their ears and believed only what they want to believe for the whole debate, blatantly ignoring the world renowned economists who unsurprisingly have been proven right. What Nowsufferinginspain is saying about investors avoiding uncertainty is not rocket science and really is not that hard to understand. The proof is now in the pudding with the subsequent plummeting of shares and in the pound.
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