The EU debate - Part II

on the plus side, we got shot of Dave and his elitist MPs.

 

Yes, but only to be replaced by Ming the Merciless in drag and Boris the clown.

 

'Ming the Merciless' I love it! And we still got Jeremy *cough* Chunt as well!

If the poor fools who voted for this shower thought things were bad now, then they'll be in for a shock when Thatcher on steroids and her G4S husband get going!

 

The best piece of Radio still has to be James Naughtie's Freudain slip, when he called him a **** live on BBC radio 4

 

Only because "the markets hate uncertainty" (TM) .

 

The rise is on a much larger rise in GDP in the second quarter - before the Brexit vote.

Meanwhile, in the real world...

http://www.bloomberg.com/news/artic...d-in-europe-amid-brexit-tale-of-two-economies

http://www.bloomberg.com/graphics/2016-brexit-companies-tracker/

 

http://www.dailymail.co.uk/news/article-10539/Cure-Alzheimers-closer.html
wonder just how many medical breakthroughs Britain will be able to contribute to the world once EU funding gets cut off.

 

Which would be moot, as those FTSE-250 companies are going to be OUTSIDE the EU. That IS certain.

Meanwhile back in the unreal world : "the markets hate uncertainty" (TM) ...

 

The EU funding thats British money in the first place?

 

Loads. That is what the UK does. Always have. Always will.

 

It's based on figures that are relevant to what happened before Brexit. The market is taking a punt that the downturn from a higher starting point won't be quite as bad.

In the real world, the U.K. economy is contracting - fast!...

 

with this government? it will go to tax breaks for the rich.

 

Evidence they will do that, as Cameron is not PM now

 

So the "markets" are taking a punt in the first sentence on a premise that is completely
contradicted by the second sentence.

Again ... Meanwhile back in the unreal world : "the markets hate uncertainty" (TM) ...

 

Im only 40, so I can remember the 80's. I remember what a clusterfuck Thatcher made of this country.
it wasnt just her that screwed everything up, it was her whole damn party.

 

There is no contradiction there, at all!..

The markets now have a degree of certainty. There is a new prime minister, and it's unlikely there will be a GE. A new cabinet is in place. Dates have been set for talks over Brexit, etc.

The initial shock is over. This will be a relatively slow process over many, many months. But, make no mistake the economy will suffer. And consequently the populace too!

They figures do not lie. The U.K. Economy is shrinking, and will continue to do so.

 

10am June 23 :

1.1 Certainty that the UK will leave the EU.
1.2 Uncertainty over who the next PM +cabinet is
1.3 Uncertainty over the exact date of the formal triggering process (not before Tory conference 2016) .

10am Jul 28 :

1.1 Certainty that the UK will leave the EU.
2.1 Certainty over who the next PM + cabinet is
1.3 Uncertainty over the exact date of the formal triggering process (not before Dec 31 2016) .


Im sure Camerons vanity will be quite chuffed that his quitting and the subsequent cabinet reshuffle
made all the difference in the "markets" panicking as they did,


"They figures do not lie. The U.K. Economy is shrinking, and will continue to do so."

And yet the "markets" are buying shares in those FTSE250 companies, even with the "certainty"
that those companies are (allegedly) doomed to wither in the end. So much so, they have restored
their market valuations back to the levels before they thought a Leave result was on.

 

You really don't get it do you?? The markets are fickle. They are currently taking a punt. This is a short term view, nothing more.

What's really happening is that the economy is contracting. It will continue to contract and I strongly suspect that the GDP figure for the third quarter will be flat to negative. From a 0.6 pct 2nd quarter rise.

Read what I posted from Bloomberg. That tells you about the all important corporate sentiment. It ain't good!

 

ah bollocks to it, Im moving to Portugal.

 

Yep. Those 3000 and their families... **** 'em eh!