Are you an economics expert? Please discuss how UK will recover from this in a month.
UK to leave the EU
- Thread starter badbadboy
- Start date
All the markets and the pound are on big gains today (Tuesday). Sure there is profit-taking after the big dump, but it is also a realization that things are not as ridiculously fucked up at the Remain side want to paint things. People voting to leave knew there would be short-term pain.
The negotiations will be on-going, and things will change, but it's not going to become North Korea (although Boris and Kim Jun could have worst a hair-style competition).
The EU is what's really fucked-up, and it is the one doomed to fail. A European economic union made sense, but the EU evolved into a cumbersome, bureaucratic, social-engineering nightmare propped up by a few of the richer nations. Now, one of them has left, the monolith will start to crumble.
It's very nice to have a civilized conversation on a thread for a change. Thank you to all the contributions on this thread.
Farage is such a hypocrite. He ridiculed all the Euro parliament for never working, but he has never done anything either. Straight from school to trader, hardly the same as ditch digging.
He hates Europeans but married a German woman.
He rants about waste in the EU but has his wife on his Euro-paid office staff. Conflict and nepotism is a good reason for Brexit but okay when he does it.
He hates Europeans but married a German woman.
He rants about waste in the EU but has his wife on his Euro-paid office staff. Conflict and nepotism is a good reason for Brexit but okay when he does it.
http://www.independent.co.uk/news/u...brexit-immigration-some-control-a7102626.html
Turns out that UK will not be able to "take back control" of immigration - if they want to trade with the EU, they have to accept free movement. Big surprise.
Turns out that UK will not be able to "take back control" of immigration - if they want to trade with the EU, they have to accept free movement. Big surprise.
That's one of the things to be negotiated.
Leave or Remain medi skew their stories accordingly.
Nothing about this is cut in stone.
And control over immigration was probaby a bigger issue than free movement of workers.
let's see how things play out.
As of the close Wednesday the NYSE, TSX and FTSE have recovered almost all the losses.
The FTSE (London) is actually above its level from before the Brexit.
The FTSE (London) is actually above its level from before the Brexit.
The UK pound ... still pounded by brexit. Going down further, now that Mark Carney has mentioned possible easing.
6 days after Brexit, RBS/Barclays/Lloyds are still down by more than 20%. FTSE 250 (more domestic UK companies) still down over 8%.
FTSE 100 on USD adjusted basis looks pretty bad.
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=UKXUSD+:FSI
If those recover, then I'd agree that Brexit is a non-event.
6 days after Brexit, RBS/Barclays/Lloyds are still down by more than 20%. FTSE 250 (more domestic UK companies) still down over 8%.
FTSE 100 on USD adjusted basis looks pretty bad.
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=UKXUSD+:FSI
If those recover, then I'd agree that Brexit is a non-event.
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Even more awesome was the dude who asked him what he was still doing there yammering away.
The UK doesn't exactly have any bargaining chips to negotiate with, so it should be a short negotiation. As things stand now, pretty much all of the cards are in the EU's hand, and the UK will have to either accept what they are told to do, or expect trade walls to go up.
Not to mention, the UK likely won't be around two years from now anyway, so why bother negotiating with them now when there will probably be a bunch of different countries in their place then (and negotiation would have to start all over again).
The EU should just let them go, dictate harsh terms for now, then start the real negotiation once the UK disintegrates in 2018.
They can vote, but, they will probably not vote wisely, which makes the country vulnerable to pretend-populist opportunists, like Trump, for example. They believe his bullcrap because he says it often enough and they don't know any better, so they just accept it purely because it is said often enough. He says it with conviction, so it has GOT to be correct, right? Except that he is playing them for the rubes they are. They forget that his entire business has been based on the used car/snake oil salesman model on a massive scale, and that he is just extrapolating those sales techniques to politics. They are not going to get a good deal on government, any more than they got a good deal on that used car or snake oil once the money has parted hands. If you have a problem with what you got afterwards, well, then you are just stupid and don't understand business - it is all your fault!!
Not everyone who was low education/income is an idiot, nor is everyone who has a high education/income wise. But the probability is high that the average non-elite person will be stupid and uninformed, and the probability is high that the average elite person will have wisdom and be informed. Relatively speaking of course, no one is 100% stupid or 100% wise, we are talking averages here.
If you restrict voting to the elites you will get a better government 99 times out of a 100. If you restrict voting to the non-elite it would be more like 1 time out of 100. They will be suckers who fall for the used-car or snake oil pitch every time because they don't question what they are told.
Someone who is incompetent in personal management will also be incompetent in public management.
Do you understand economics at all?
Right - the UK has no chips to bargain with, if you ignore:
The UK has a population of 65 million people - second in Europe only to Germany. They have the second highest GDP - second to Germany.
That's a market for Italian olive oil, German cars, French cheese and wine, Dutch flowers and chocolate, Spanish fish, etc etc.
Not to mention British tourists who flock to he continent to spend money.
Do you think the EU is going to just seal up the continent and walk away from those sales, and stop welcoming those purchasers?
Meanwhile, the UK not only trades with EU countries, but with Russia, China, the US - oh, right - the rest of the world.
Who needs who?
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yeah you will. For the elites. Not for anyone else. They will do what they do in Thailand to use an example noted before where the ruling class keeps the rural northern population uneducated and poor to use as a source of cheap labour to man their factories and workplaces and pay them pittances for growing rice and to feed their tourist industry with desperate uneducated young women. Then everytime they actually allow an election, and the people vote for whatever member of the Shiniwatra family was running because that government actually did something to try and improve their situation, the elites manufacture a crisis, bring in the army and have another coup so they can get their power back.
What you are proposing is a classic model that any brutal dictatorship in the world would be happy to follow.
Thanks for coming back and reminding everyone of your idiotic view of how the world should work.
As for how Britain will fare after Brexit its far too early to judge exactly how this is going to shake out in the long run.
There is a lot of rhetoric being thrown around on both sides of the argument and we will have to wait a few months until the immediacy of this event has settled into inevitability and both sides have to get practical about how to logically deal with it rather than shooting flaming arrows at each other. The financial markets have now adjusted for Brexit and are back to normal as happens in almost every one of these types of panic events and life goes on. It may or may not be a tough ride for the Brits for the next couple of years but they have survived worse crises before and prospered.
Somebody wasnt too happy with referendem outcome and uploaded MP Boris Jonhson's victory speech on pornhub. Pretty funny title too "Dumb British Blonde F**** 15 Million People at Once". I guess he screwed more than 15 million people as the world markets have gone down in wake up of the outcome.
http://http://www.cnet.com/au/news/pornhub-brexit-boris-johnson/
http://http://www.cnet.com/au/news/pornhub-brexit-boris-johnson/
Farage just announced he's out too. Who will lead UK to the paradise of milk and honey?
Farage was never a British MP, and his party was unlikely to ever form a government, so he was never going to lead a ruling party.
http://ClsnUZ5UYAEkBf-.jpg-large.jpeg
If you can open either of these images they speak volumes about why a referendum is a skewed and unfair way of making decisions.
