Off Topic EU deabte. Which way are you voting ?

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How will you vote in the EU referendum ?

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PISKIE said:
Boris was trying to gloss over it all last night by saying that pensions hadn't tanked yet. He then quickly made his getaway in a waiting car before journalists could ask him how that was the case when the pound had just hit a 31 year low and £6.7bn had just been wiped off of stocks.
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Boris is a ****ing clown who hasn't got a clue what he's talking about. Unfortunately, that's only just now becoming apparent to people who voted to leave on his promises.

Yes, I saw the idiot telling the reporter that the pound and stock market were stable whist chaos was ensuing....
 
NowsufferinginSpain said:
Falling equity markets are a reflection of the perceived prospects of the constituent companies' future.

Dividends can only become payable when a certain level of profit has been made.

Falling equity markets affect pensions, which are mostly invested in those markets.

All in all, a falling domestic equity market - and the FTSE 250 which is basically the major UK companies, are a signal of future prospects. Those signals are that these prospects are not perceived to be good.
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There's no evidence of any fall in profits
All the falling equity markets are the result of the panic caused by the result of the vote. There's no evidence that much else will change
I am staying calm and getting on with things
 
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petersaxton said:
What's wrong with falling equity markets? That means you can buy assets cheaper. %age returns via dividends increase. If people are investing in the equity market they should be willing to do it for the long haul otherwise they are simply gambling.
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Companies don't have to pay dividends. If they're struggling they won't pay them so the value of your investment has decreased and you don't get the comfort of a dividend. There is no positive spin on a massive equity market crash unless you are very cash rich and can gamble on buying in when you think it's bottomed out.
 
petersaxton said:
what is inane about pointing out you are resorting to insults?
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Why am I doing this??

If you'd bothered to go over previous posts, you would see that I tried to answer his questions and relate what I know from my 20+ yrs in the City. My efforts were met with insults.

I eventually responded....
 
Son of Stan said:
Companies don't have to pay dividends. If they're struggling they won't pay them so the value of your investment has decreased and you don't get the comfort of a dividend. There is no positive spin on a massive equity market crash unless you are very cash rich and can gamble on buying in when you think it's bottomed out.
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Stan! You'll drive yourself barmy trying to explain simple things to people who don't want to hear anything but what they believe to be so!....
 
Son of Stan said:
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.
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Preceded by a "re-education camp"?
 
petersaxton said:
Boris spent a lot of time on student politics whereas Dave concentrated on studying.
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That would explain why Boris, who studied Classics, is a clueless toff, whereas Cameron, who studied Philosophy, Politics and Economics, knew how not to utterly **** the country up.
 
PISKIE said:
Boris was trying to gloss over it all last night by saying that pensions hadn't tanked yet. He then quickly made his getaway in a waiting car before journalists could ask him how that was the case when the pound had just hit a 31 year low and £6.7bn had just been wiped off of stocks.
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Problems have been caused in the past by economists managing currency and over valuing the pound, rather than letting it find it's own level. History shows that managed economies seem to be less successful. So maybe, long term, we just need to hold our nerve, and not let them fiddle with it too much.

The mid 80 drop, remedy and subsequent recessions are one example.
 
NowsufferinginSpain said:
Why am I doing this??

If you'd bothered to go over previous posts, you would see that I tried to answer his questions and relate what I know from my 20+ yrs in the City. My efforts were met with insults.

I eventually responded....
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There's no point responding with insults. Try to be calmer and get on with life in a sensible way.
 
Son of Stan said:
That would explain why Boris, who studied Classics, is a clueless toff, whereas Cameron, who studied Philosophy, Politics and Economics, knew how not to utterly **** the country up.
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The same "clueless toff" who managed to win scholarships to Eton and Balliol?
 
Son of Stan said:
Just an education camp.

Most of the educated didn't vote for chaos.

Education is good.
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But not when it is based on your political opinions.
The fact is the referendum was democratic and one side won. The other side lost and instead of getting upset they should get on with their lives.
 
Hull City AFC (DMD) said:
Problems have been caused in the past by economists managing currency and over valuing the pound, rather than letting it find it's own level. History shows that managed economies seem to be less successful. So maybe, long term, we just need to hold our nerve, and not let them fiddle with it too much.

The mid 80 drop, remedy and subsequent recessions are one example.
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Oh I think the pound will recover eventually, but the point is how much money will be wiped off in the meantime and how many jobs will be lost as a result ? Investors won't 'hold their nerve', they will take their money and invest it elsewhere.
 
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PISKIE said:
Oh I think the pound will recover eventually, but the point is how much money will be wiped off in the meantime and how many jobs will be lost as a result ? Investors won't 'hold their nerve', they will take their money and invest it elsewhere.
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Yep, t'was ever thus, but perhaps now is the time to take the sharper pain for long term security and stability and cut the cloth accordingly.
 
Tobes said:
Cameron said prior to the vote that he'd invoke article 50 the morning after the result.

Now you've politicians taking about a 12 month wait before doing anything....what does that tell you?

Most commentators that I've listened to, including a number of present and former MP's think that a GE is almost inevitable. The timescale for it is debatable, but a year plus of total economic inertia would be ridiculous imo.

A new Tory PM will need a mandate in the current circumstances, and my view is that an election in the Autumn is the most likely outcome.
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The PM has a mandate - the referendum result
It's time for getting on with it
Some people were saying it would be October before a new PM would be elected but I had said there's no need to wait that long - "Nominations for the Conservative party leadership will open on Wednesday and close the following day, with a new prime minister and party leader in place by 2 September at the latest." http://www.bbc.co.uk/news/uk-politics-36647948
 
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