The EU debate - Part III

Tesco and Sainsbury have their own brand "yeast extract" product.
I prefer them to Marmite (which I find comparatively too sweet) .

 

It's a poor foreign substitute. It is as much like Marmite as Fosters is to real lager.

 

A 52:48 result is hardly clear. That is effectively a coin toss on the outcome.
That is why the "markets" were laughed at for the morons they are, for pushing GBP up
with so little information AND a-priori info from Exit about their confidence in their poll.

 

To explain, markets always anticipate, it's their nature. There's an old saying, 'but the rumour, sell the fact'.

They react wildly when data or, as in this case important results, are out of line with expectations.

Whilst markets were anticipating a narrow remain win and had positioned themselves accordingly, as Power says, as soon as it became apparent which way the result was headed they very quickly turned negative and sold.

As the day progressed, it was an easy one way bet for them to just keep selling. Very little risk, sell or go short, and wait.

 

This might explain why they're so angry and dull.

Hull is least prosperous city in UK but 'resurrection' is coming

http://www.hulldailymail.co.uk/hull...resurrection/story-29802905-detail/story.html

 

Reported racist incidents up 41% since the vote suggests that racist **** wits have been encouraged or emboldened by the out result...this was the major reason I voted in. I could see many reasons to vote out (I agree with a lot of the arguments put by socialists and the RMT union tbh) but decided that the risk of a significant rise in racism was not worth it.
And before this gets misunderstood... I am not calling everyone who voted out a racist.
The slump in the pound, the rise in racist incidents, the risk of inflation and the possibility of another Scottish referendum suggests we have quite a fractured society that does not know how to heal itself

 

To be fair, it's a rise in 'recorded' incidents, and it coincides with a change in the way Police record incidents.

Not all of the previous allegations turned out to be anything to do with race or the referendum. One that springs to mind was damage to a series of foreign owned shops, which turned out to be robberies and the ethnicity was irrelevant.

Not saying it hasn't increased, only that like many things, there's more to it than simple face value.

 

And I would argue it shows the weakness of the system.

 

Next week's lottery numbers are....

 

Read my last paragraph again.

Tobes and nsis have dropped the tedious, silly spin. You tend to imitate them, so hopefully this is just a lag before you catch up.

 

Sorry, but that's nonsense.

What is happening to the U.K. Economy and its currency is directly related to the current Brexit situation.

To try to argue otherwise is ridiculous!...

 

In your opinion.

I've mentioned why I disagree in a number of replies, as have others. I'll try to pull them into one reply later.

For now, it's the fact that we haven't yet brexited and some are reacting which shows part of the weakness.

 

Your comment is so vague as to be unhelpful.
If we are going to have any form of capitalism then a market where people can managed their currency risk is essential. If such a market exists people will try to understand what causes currency movements. Taking your country out of a successful trading bloc for populist reasons is hardly likely to make people think of future success!

 

Blaming "the system" for the economic impacts of the referendum - which are only just beginning to be felt btw - is like blaming the weather because you got cold and wet after moving out of your house to live in a tent.

 

populist reasons?
you mean so that the country can make their own decisions?

 

Well the market must think that the decisions we make will be worse since the GBP has plunged.

 

no, maybe it's because they dont know what will happen when we leave
it's the uncertainty they dont like
that's a lot different to thinking we will make bad (or less good) decisions