uk market crash continues apace

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uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 11:36 am

the crash so much talked up by the losers of the referendum is continuing apace with the ftse now actually higher than before the vote
doesn't quite fit the narrative does it.

https://www.google.com/search?q=ftse&ie=utf-8&oe=utf-8&client=firefox-b

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Re: uk market crash continues apace

Post by Guest on Wed Jun 29, 2016 12:52 pm

Brexit
The gloomy chart showing the UK is already heading for recession
Matt Clinch  46 Mins Ago  CNBC.com                              
With the U.K. bracing for a downturn after the fallout from the Brexit vote last week, one chart highlights that the country may have already stumbled into an economic contraction.
Uncertainty over what deal the U.K. government could do with the EU has only replaced the uncertainty that businesses were initially facing from the vote itself. And with this concern looming over the economy the economic numbers trended lower as seen in the chart below.


Data firm Markit produces monthly surveys for manufacturing, construction and services sectors in the U.K. with all three indicators pointing to a downward move. A number below 50 marks a contraction in the sector with all three data points narrowly above that level in the May figures released on June 3.

Chris Williamson, the chief economist at Markit, said earlier this month that employment growth, backlogs of work and inflows of new business meanwhile all showed deteriorating trends.

"The manufacturing sector saw a near-stagnation of output growth for a second successive month in May, contrasting with robust growth earlier in the year. Growth has also slowed to a near-standstill in the construction sector," he said in the release.

"Although services growth accelerated slightly in May, the increase was still one of the weakest recorded in the past three years."
http://www.cnbc.com/2016/06/29/
Hmmm, you might want to take a panoramic view of the economy that hasn't been doing so well!
And if PM Cameron had wanted to pick a worst moment in Britain's financial structure to allow the 'OUT' vote to happen ...well, doing this when Britain's economy is showing signs of going into another drastic 2009 free fall ...but perhaps your   is sprinkled with Fairy Dust and you have better tea leaves to read for factual data

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 1:22 pm

4EVER2 wrote:
Brexit
The gloomy chart showing the UK is already heading for recession
Matt Clinch  46 Mins Ago  CNBC.com                              
With the U.K. bracing for a downturn after the fallout from the Brexit vote last week, one chart highlights that the country may have already stumbled into an economic contraction.
Uncertainty over what deal the U.K. government could do with the EU has only replaced the uncertainty that businesses were initially facing from the vote itself. And with this concern looming over the economy the economic numbers trended lower as seen in the chart below.


Data firm Markit produces monthly surveys for manufacturing, construction and services sectors in the U.K. with all three indicators pointing to a downward move. A number below 50 marks a contraction in the sector with all three data points narrowly above that level in the May figures released on June 3.

Chris Williamson, the chief economist at Markit, said earlier this month that employment growth, backlogs of work and inflows of new business meanwhile all showed deteriorating trends.

"The manufacturing sector saw a near-stagnation of output growth for a second successive month in May, contrasting with robust growth earlier in the year. Growth has also slowed to a near-standstill in the construction sector," he said in the release.

"Although services growth accelerated slightly in May, the increase was still one of the weakest recorded in the past three years."
http://www.cnbc.com/2016/06/29/
Hmmm, you might want to take a panoramic view of the economy that hasn't been doing so well!
And if PM Cameron had wanted to pick a worst moment in Britain's financial structure to allow the 'OUT' vote to happen ...well, doing this when Britain's economy is showing signs of going into another drastic 2009 free fall ...but perhaps your   is sprinkled with Fairy Dust and you have better tea leaves to read for factual data
little of that is a consequence of the referendum though is it. People have been harking on about the stockmarket crash. the trend has been downward in those areas for many years now. come back in 5 or 10 years and we can see the implications of brexit.

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There Has Been A BOUNCE back UP, will it be sustained?

Post by Guest on Wed Jun 29, 2016 1:24 pm

World Stocks up as Worries Ease Over Britain's EU Leave Vote
By youkyung lee, ap business writer
SEOUL, South Korea — Jun 29, 2016, 6:48 AM ET
Global stocks rose sharply Wednesday as worries eased about the uncertainty that follows Britain's vote to leave the European Union. The British pound also rose as talks got underway among European leaders on how to handle the situation.
Britain's benchmark stock index, the FTSE 100, was up 2.6 percent to 6,298. It has not suffered much because many of its listed companies have global operation and the pound's drop to a 31-year low will help their exports and boost the value of earnings repatriated to Britain. Domestic companies have taken a much bigger hit.
Germany's DAX advanced 2 percent to 9,636 and France's CAC 40 gained 2.8 percent to 4,202. Futures augured a positive start for Wall Street. Dow futures added 0.6 percent and S&P futures rose 0.7 percent.
Investors appeared to have set aside their anxiety over Britain's vote, encouraged by solid data on the U.S. economy and housing market.
But analysts said market volatility could return any time and it is too early to say that investor confidence has made a full comeback since the vote for "Brexit," a British exit from the EU.
http://abcnews.go.com/Business/wireStory/asian-stocks-worries-britains-eu-leave-vote-ease-40210346
One can only 'hope & pray' that this just doesn't boom-a-rang back around Suspect
Britain had best get her 'ducks' in a row and rather rapidly too.


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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 1:24 pm

4EVER2 wrote:
Brexit
The gloomy chart showing the UK is already heading for recession
Matt Clinch  46 Mins Ago  CNBC.com                              
With the U.K. bracing for a downturn after the fallout from the Brexit vote last week, one chart highlights that the country may have already stumbled into an economic contraction.
Uncertainty over what deal the U.K. government could do with the EU has only replaced the uncertainty that businesses were initially facing from the vote itself. And with this concern looming over the economy the economic numbers trended lower as seen in the chart below.


Data firm Markit produces monthly surveys for manufacturing, construction and services sectors in the U.K. with all three indicators pointing to a downward move. A number below 50 marks a contraction in the sector with all three data points narrowly above that level in the May figures released on June 3.

Chris Williamson, the chief economist at Markit, said earlier this month that employment growth, backlogs of work and inflows of new business meanwhile all showed deteriorating trends.

"The manufacturing sector saw a near-stagnation of output growth for a second successive month in May, contrasting with robust growth earlier in the year. Growth has also slowed to a near-standstill in the construction sector," he said in the release.

"Although services growth accelerated slightly in May, the increase was still one of the weakest recorded in the past three years."
http://www.cnbc.com/2016/06/29/
Hmmm, you might want to take a panoramic view of the economy that hasn't been doing so well!
And if PM Cameron had wanted to pick a worst moment in Britain's financial structure to allow the 'OUT' vote to happen ...well, doing this when Britain's economy is showing signs of going into another drastic 2009 free fall ...but perhaps your   is sprinkled with Fairy Dust and you have better tea leaves to read for factual data
you seem to think most uk business is dependent on the EU. most isn't, but all are hampered by eu red tape.

do you have a corresponding graph for the US?

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Re: uk market crash continues apace

Post by Guest on Wed Jun 29, 2016 1:28 pm

That would be going off topic wouldn't it?  I thought you wanted to discuss England's debacle but you're all over the place!
The 'OUT' vote caused the shock wave to the global markets...not what the British is producing within the EU agreements ...the graph is very apropos to the financial issues that the British are seeing and some of the justification for the 'OUT' get 'OUT' now votes; or so I'm told.

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 1:52 pm

4EVER2 wrote:
World Stocks up as Worries Ease Over Britain's EU Leave Vote
By youkyung lee, ap business writer
SEOUL, South Korea — Jun 29, 2016, 6:48 AM ET
Global stocks rose sharply Wednesday as worries eased about the uncertainty that follows Britain's vote to leave the European Union. The British pound also rose as talks got underway among European leaders on how to handle the situation.
Britain's benchmark stock index, the FTSE 100, was up 2.6 percent to 6,298. It has not suffered much because many of its listed companies have global operation and the pound's drop to a 31-year low will help their exports and boost the value of earnings repatriated to Britain. Domestic companies have taken a much bigger hit.
Germany's DAX advanced 2 percent to 9,636 and France's CAC 40 gained 2.8 percent to 4,202. Futures augured a positive start for Wall Street. Dow futures added 0.6 percent and S&P futures rose 0.7 percent.
Investors appeared to have set aside their anxiety over Britain's vote, encouraged by solid data on the U.S. economy and housing market.
But analysts said market volatility could return any time and it is too early to say that investor confidence has made a full comeback since the vote for "Brexit," a British exit from the EU.
http://abcnews.go.com/Business/wireStory/asian-stocks-worries-britains-eu-leave-vote-ease-40210346
One can only 'hope & pray' that this just doesn't boom-a-rang back around Suspect
Britain had best get her 'ducks' in a row and rather rapidly too.
not sure if this is like for like but us manufacturing isn't exactly setting theworld on fire





some good news for the US though



and you balance of tradedont look so hot



the thing is most of the world is suffering the effects from the crash caused by the American banks. some are fairing better than others

as you can see the trend for growth in teh eurozone is downward over the last 20 years

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 1:54 pm

4EVER2 wrote:That would be going off topic wouldn't it?  I thought you wanted to discuss England's debacle but you're all over the place!
The 'OUT' vote caused the shock wave to the global markets...not what the British is producing within the EU agreements ...the graph is very apropos to the financial issues that the British are seeing and some of the justification for the 'OUT' get 'OUT' now votes; or so I'm told.
would it, it might put in perspective what is happening in britain. never mind I found a few for you.

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Re: uk market crash continues apace

Post by Lord Foul on Wed Jun 29, 2016 2:23 pm

AS you are well aware Dean...from last friday onward

ANYTHING negative racist or snowflake upsetting will of course be a consequence of "brexit"
once the dust settles and things positive start happening it will be
"well we could have done that anyway"

all this pretence about racism when you consider how antisemetic the left is, is hot air and hypocrisy
ant te rst of their argument is down to te loss of their power base in brussels


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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 3:18 pm



I just went to make a cup of tea and didn't have any milk... must be because of Brexit...

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Re: uk market crash continues apace

Post by Raggamuffin on Wed Jun 29, 2016 3:20 pm

My shares are just fine ...

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 3:43 pm

Blah blah blah. Always scary stories.
Do this or that will happen, do that or this will happen.

Well we've done it. Let's get on with it.
Britain is strong and we always come out ok.

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 4:12 pm

The talk radio shows are full of Remainians pretending that they voted leave but didn't really know what that meant...


And other Remainians just repeating the same old scare stories from last week...


One woman wen on and on about how she was a mother and had 2 sons who had finished their education but then said they were both still at university and eventually said that she was now having trouble selling a house because of the Brexit vote... and that was the only reason she could come up with for why it would have been better to remain!!!


Another was going on about how it felt totally different when she woke up Friday morning to what it did when she went to sleep on WEDNESDAY NIGHT!!!

Not an active member of the Remain campaign who all had to stop campaigning on Wednesday night at all was she!!!


lol!

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Re: uk market crash continues apace

Post by Raggamuffin on Wed Jun 29, 2016 4:19 pm

Tommy Monk wrote:The talk radio shows are full of Remainians pretending that they voted leave but didn't really know what that meant...


And other Remainians just repeating the same old scare stories from last week...


One woman wen on and on about how she was a mother and had 2 sons who had finished their education but then said they were both still at university and eventually said that she was now having trouble selling a house because of the Brexit vote... and that was the only reason she could come up with for why it would have been better to remain!!!


Another was going on about how it felt totally different when she woke up Friday morning to what it did when she went to sleep on WEDNESDAY NIGHT!!!

Not an active member of the Remain campaign who all had to stop campaigning on Wednesday night at all was she!!!


lol!

They voted to leave but thought they were voting to stay? It couldn't have been more clear. lol!

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 4:56 pm


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Re: uk market crash continues apace

Post by Syl on Wed Jun 29, 2016 4:58 pm

The markets and the £££ is slowly and steadily rising again .....just as predicted.

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 5:48 pm

The FTSE has closed higher than a week ago before the vote...

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 8:32 pm

Lord Foul wrote:AS you are well aware Dean...from last friday onward

ANYTHING negative racist or snowflake upsetting will of course be a consequence of "brexit"
once the dust settles and things positive start happening it will be
"well we could have done that anyway"

all this pretence about racism when you consider how antisemetic the left is, is hot air and hypocrisy
ant te rst of their argument is down to te loss of their power base in brussels

the markets were bound to be jittery and need to recoup losses they made by betting on a win. the pound will find its correct level. as I said before.I have seen teh pound go from 2.20TL to 4.99 over the last 6 years, over the last year it has fallen back to 4.24 on thursday. It fell to 3.86 this week. its 3.885 tonight. AS the world realises the dragons are not coming it will no doubt rise some more, just as the dollar will. God knows what will happen to the euro because that is on its last legs anyway. but I should say it was around 3.90 up from about 2.70ish  last summer against the TL its been steadily falling for a year and is now 3.21. that cant be blamed on brexit entirely.

in around 2004/5ish the dollar was just shy of $2 to the pound.

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 8:36 pm

Tommy Monk wrote:The talk radio shows are full of Remainians pretending that they voted leave but didn't really know what that meant...


And other Remainians just repeating the same old scare stories from last week...


One woman wen on and on about how she was a mother and had 2 sons who had finished their education but then said they were both still at university and eventually said that she was now having trouble selling a house because of the Brexit vote... and that was the only reason she could come up with for why it would have been better to remain!!!


Another was going on about how it felt totally different when she woke up Friday morning to what it did when she went to sleep on WEDNESDAY NIGHT!!!

Not an active member of the Remain campaign who all had to stop campaigning on Wednesday night at all was she!!!


lol!
house prices will be affected more by the buy to let changes than any brexit worries. mines up around triple what I paid for it in 2009, it would need to fall a huge amount to worry me

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 8:37 pm

eddie wrote:
did I write that Wink

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 8:38 pm

Erm, not as far as I'm aware?
Did you? Suspect

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 8:46 pm

The Devil, You Know wrote:
Tommy Monk wrote:The talk radio shows are full of Remainians pretending that they voted leave but didn't really know what that meant...


And other Remainians just repeating the same old scare stories from last week...


One woman wen on and on about how she was a mother and had 2 sons who had finished their education but then said they were both still at university and eventually said that she was now having trouble selling a house because of the Brexit vote... and that was the only reason she could come up with for why it would have been better to remain!!!


Another was going on about how it felt totally different when she woke up Friday morning to what it did when she went to sleep on WEDNESDAY NIGHT!!!

Not an active member of the Remain campaign who all had to stop campaigning on Wednesday night at all was she!!!


lol!
house prices will be affected more by the buy to let changes than any brexit worries. mines up around triple what I paid for it in 2009, it would need to fall a huge amount to worry me


The huge house price rises are part of the overall economic problems...


Although a great pleasure for the 'haves' in the short term... the knock on effect is devastating for everyone else having to pay extortionate rents and never being able to own the home they are working hard to pay to live in... but also for businesses being under pressure to pay higher wages and then become unprofitable and go bust... losing jobs for employees up and down the land!

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Re: uk market crash continues apace

Post by Ben Reilly on Wed Jun 29, 2016 9:02 pm

It'd be great if it was a true recovery and not a dead-cat bounce, but as Brexiteers kept saying just two days ago, it's still early:

Joe Rundle, head of trading at ETX Capital called this rally a dead cat bounce - a temporary recovery in prices as speculators try to cover their trades - in his latest research note.

"Sterling has rallied a little overnight but the margin is small compared to the 10 percent fall in cable since Friday. The FTSE 100 has also opened higher today but the mood is fragile and as fund managers start to flex their muscles there could be a long way to fall. This looks like a classic dead cat bounce."

http://www.cnbc.com/2016/06/28/global-markets-rally-a-dead-cat-bounce.html

And yeah, the FTSE is looking better now, but only because of the bloodbath of June 14:

London’s benchmark index fell through the 6,000 level yesterday as Brexit fears shook financial markets around the world.

Investors offloaded risky equities in favour of safe-haven assets after the latest referendum polls showed the Leave camp pulling ahead.

Anxiety about the UK’s possible exit from the European Union triggered the FTSE 100’s steepest daily fall since mid-February, with the blue chip index dropping 121.44 points, or 2.01pc, to 5,923.53.

In just four days, more than £98bn has been wiped off the value of Britain’s biggest companies.

http://www.telegraph.co.uk/business/2016/06/14/ftse-100-slides-towards-6000-and-pound-falls-as-brexit-fears-dri/

But that was a pretty decent attempt at spinning it, Tommy.

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 9:14 pm

Ben Reilly wrote:It'd be great if it was a true recovery and not a dead-cat bounce, but as Brexiteers kept saying just two days ago, it's still early:

Joe Rundle, head of trading at ETX Capital called this rally a dead cat bounce - a temporary recovery in prices as speculators try to cover their trades - in his latest research note.

"Sterling has rallied a little overnight but the margin is small compared to the 10 percent fall in cable since Friday. The FTSE 100 has also opened higher today but the mood is fragile and as fund managers start to flex their muscles there could be a long way to fall. This looks like a classic dead cat bounce."

http://www.cnbc.com/2016/06/28/global-markets-rally-a-dead-cat-bounce.html

And yeah, the FTSE is looking better now, but only because of the bloodbath of June 14:

London’s benchmark index fell through the 6,000 level yesterday as Brexit fears shook financial markets around the world.

Investors offloaded risky equities in favour of safe-haven assets after the latest referendum polls showed the Leave camp pulling ahead.

Anxiety about the UK’s possible exit from the European Union triggered the FTSE 100’s steepest daily fall since mid-February, with the blue chip index dropping 121.44 points, or 2.01pc, to 5,923.53.

In just four days, more than £98bn has been wiped off the value of Britain’s biggest companies.

http://www.telegraph.co.uk/business/2016/06/14/ftse-100-slides-towards-6000-and-pound-falls-as-brexit-fears-dri/

But that was a pretty decent attempt at spinning it, Tommy.
yes as I have said repeatedly wait a few weeks months or year to see the real deal.

the ftse 100 is back above its pre berexit level
the ftse 250 is still below thursdays level but from the link you can see it is also moving back in the right direction. it put on almost 500 points today and risen 3.5% in the last 2 days or regained half the losses in the last 2 days. we shall see what the next couple of days bring.

https://uk.finance.yahoo.com/echarts?s=%5EFTMC#symbol=%5EFTMC;range=5d

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 9:15 pm

Ever get the feeling people want to see everything fall apart?

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Re: uk market crash continues apace

Post by The Devil, You Know on Wed Jun 29, 2016 9:16 pm

an added bonus of the falls is that smug git branson has taken a hit.

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 9:20 pm

He is horrible. I've never liked nor trusted anything he says.

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 9:21 pm

Ben... what did I say that you think is me 'spinning' things...?

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Re: uk market crash continues apace

Post by Ben Reilly on Wed Jun 29, 2016 9:28 pm

Tommy Monk wrote:Ben... what did I say that you think is me 'spinning' things...?

You're saying the market has rebounded to pre-Brexit levels but failing to point out that Brexit itself had damaged the markets before the vote was held.

If I broke your nose on Thursday, then came back and kicked you in the shin on Saturday, would it not be spinning things to point out you were still doing better than you were on Friday?

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 9:32 pm

And you don't think the articles you read contain spin?

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 9:34 pm

Can you prove your claim that Brexit had damaged the markets before the vote was held...?



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Re: uk market crash continues apace

Post by Ben Reilly on Wed Jun 29, 2016 9:35 pm

eddie wrote:And you don't think the articles you read contain spin?

Not very many of them, no.

I actually identified Tommy's spin, you'll notice -- care to identify the spin in either of the articles I've cited?

They're based on two facts -- 1) An investment adviser said this looks like a dead cat bounce and 2) the FTSE plummeted on June 14.

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Re: uk market crash continues apace

Post by Ben Reilly on Wed Jun 29, 2016 9:36 pm

Tommy Monk wrote:Can you prove your claim that Brexit had damaged the markets before the vote was held...?



Lame, Tommy. What the hell else could it have been?

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 9:38 pm

Ben Reilly wrote:
eddie wrote:And you don't think the articles you read contain spin?

Not very many of them, no.

I actually identified Tommy's spin, you'll notice -- care to identify the spin in either of the articles I've cited?

They're based on two facts -- 1) An investment adviser said this looks like a dead cat bounce and 2) the FTSE plummeted on June 14.

Not very many, means some.
And that's a good enough admission to me.

Some articles are correct (mostly) most are partly correct.


Last edited by eddie on Wed Jun 29, 2016 9:39 pm; edited 1 time in total

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 9:38 pm


Well the polls were predicting a remain result...



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Re: uk market crash continues apace

Post by Ben Reilly on Wed Jun 29, 2016 9:40 pm

eddie wrote:
Ben Reilly wrote:
eddie wrote:And you don't think the articles you read contain spin?

Not very many of them, no.

I actually identified Tommy's spin, you'll notice -- care to identify the spin in either of the articles I've cited?

They're based on two facts -- 1) An investment adviser said this looks like a dead cat bounce and 2) the FTSE plummeted on June 14.

Not very many, means some.
And that's a good enough omission to me.

Some articles are correct (mostly) most are partly correct.

Don't you see, though, that you can't just say that and have it be true? You have to provide evidence.

Any 15-year-old can say "don't trust the media," just parroting a rebellious stance. To truly say something like that, shouldn't you have something a bit more concrete to base it upon?

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Re: uk market crash continues apace

Post by Ben Reilly on Wed Jun 29, 2016 9:44 pm

Tommy Monk wrote:
Well the polls were predicting a remain result...



What happened on June 14?

http://www.theguardian.com/politics/live/2016/jun/14/eu-referendum-live-polls-sun-brexit-remain-panic

Leave got a 7-point bounce in the polls the same day that the footsie plummeted.

Tommy, I really don't like it when people try to pull the wool over my eyes. I can see the facts just fine.

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Re: uk market crash continues apace

Post by eddie on Wed Jun 29, 2016 9:49 pm

Yes!! The very fucking fact that I've sat and watched all the debates on here like a hawk and everyone plonks up a link to an article and claims it, then someone else comes along and finds one to totally contradict it.

Time and time and time again.

The fact that I read articles in a newspaper and then the newspaper itself contradicts it's own words - but always at the end, when one has almost stopped reading.

Are you telling me that everything you've ever read has panned out true? You must let me in your club, if I'm clever/gullible enough of course.

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Re: uk market crash continues apace

Post by Tommy Monk on Wed Jun 29, 2016 9:51 pm

Manufactured economic scare tactics...



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Re: uk market crash continues apace

Post by HoratioTarr on Thu Jun 30, 2016 8:23 am

Tommy Monk wrote:Manufactured economic scare tactics...



It's a tad pathetic, isn't it? Now we're being told by France we can have a trade deal and control our borders. Er....well...thanks.
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Re: uk market crash continues apace

Post by eddie on Thu Jun 30, 2016 11:11 am

HoratioTarr wrote:
Tommy Monk wrote:Manufactured economic scare tactics...



It's a tad pathetic, isn't it?   Now we're being told by France we can have a trade deal and control our borders.   Er....well...thanks.

At first people were scared of the media spin and now most are seeing through it.
If they're not, they're simply not remembering the very basic ways of big business and politics.

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Re: uk market crash continues apace

Post by Tommy Monk on Thu Jun 30, 2016 5:39 pm

Trade was always the excuse used for the eu...


We can trade while retaining control over our country.



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Re: uk market crash continues apace

Post by Ben Reilly on Thu Jun 30, 2016 6:28 pm

The rebound of the UK stock market is due in large part to higher earnings from UK companies doing business overseas, thanks to the crashing pound. Meanwhile, the banks may need to be bailed out.

Companies are canceling investment plans, instituting hiring freezes, discussing layoffs.

The FTSE 250, a better indication of what's going on inside the UK, hasn't recovered like the 100 has.

Back to the pound -- it's still very low and projected by some to crash all the way to $1.20. So enjoy those summer vacations to Blackpool ...

Meanwhile, Scotland and N.I. are still poised to bolt, four million have signed the petition for a re-vote, and Tories are throwing the responsibility for invoking Article 50 around like a hot potato.


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Re: uk market crash continues apace

Post by Didge on Thu Jun 30, 2016 6:34 pm

Its not even been a week yet and people are going off where we have not even issued article 50 yet. So there is bound to be some unceartainty, but the fact is, the economy has not taken any nose dive and no big companies have said they are pulling out. Mainly because untill trades are on the table, companies would not be the buisnesses they are to cut and run at the mere mention of fear talk

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Re: uk market crash continues apace

Post by Didge on Thu Jun 30, 2016 6:43 pm

Also 4 million is pitiful when 17 million voted to leave, if you get 18 million people. Then you have a case for a second referendum. So why on earth are people championing 4 million, when we know 16 million voted to remain, its just blooming daft

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Re: uk market crash continues apace

Post by Ben Reilly on Thu Jun 30, 2016 6:55 pm

Didge wrote:Its not even been a week yet and people are going off where we have not even issued article 50 yet. So there is bound to be some unceartainty, but the fact is, the economy has not taken any nose dive and no big companies have said they are pulling out. Mainly because untill trades are on the table, companies would not be the buisnesses they are to cut and run at the mere mention of fear talk

But think about this, Didge. What did Cameron say pre-Brexit?

He said he was going to invoke Article 50 forthwith after the election. Instead, he resigned 3 hours after the result was declared.

So then the heir apparent becomes Boris Johnson, one of the hardest Brexit campaigners, and when he gets the chance to push the button himself, he says he won't stand for PM.

These guys understand what's coming and they don't want to be remembered as the guy who set it all off.

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Re: uk market crash continues apace

Post by Tommy Monk on Thu Jun 30, 2016 7:00 pm

The British people have decided...

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Re: uk market crash continues apace

Post by Syl on Thu Jun 30, 2016 7:03 pm

Ben Reilly wrote:
Didge wrote:Its not even been a week yet and people are going off where we have not even issued article 50 yet. So there is bound to be some unceartainty, but the fact is, the economy has not taken any nose dive and no big companies have said they are pulling out. Mainly because untill trades are on the table, companies would not be the buisnesses they are to cut and run at the mere mention of fear talk

But think about this, Didge. What did Cameron say pre-Brexit?

He said he was going to invoke Article 50 forthwith after the election. Instead, he resigned 3 hours after the result was declared.

So then the heir apparent becomes Boris Johnson, one of the hardest Brexit campaigners, and when he gets the chance to push the button himself, he says he won't stand for PM.

These guys understand what's coming and they don't want to be remembered as the guy who set it all off.

Nigel Farage was the one who origionally set all this off....and he would jump at the chance to lead.

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Re: uk market crash continues apace

Post by Didge on Thu Jun 30, 2016 7:04 pm

Ben Reilly wrote:
Didge wrote:Its not even been a week yet and people are going off where we have not even issued article 50 yet. So there is bound to be some unceartainty, but the fact is, the economy has not taken any nose dive and no big companies have said they are pulling out. Mainly because untill trades are on the table, companies would not be the buisnesses they are to cut and run at the mere mention of fear talk

But think about this, Didge. What did Cameron say pre-Brexit?

He said he was going to invoke Article 50 forthwith after the election. Instead, he resigned 3 hours after the result was declared.

So then the heir apparent becomes Boris Johnson, one of the hardest Brexit campaigners, and when he gets the chance to push the button himself, he says he won't stand for PM.

These guys understand what's coming and they don't want to be remembered as the guy who set it all off.

Yes he has resigned because he has lost credabilty, because he banked on the remain vote winning.
That came as no surprise as he will have lost then the majority support of the country going forward.
However other Tories voted to leave, hence why its not a vote of no confidence in the Tory Party, as we would be having a general election otherwise. At the end of the day, its months before a new leader is elected and you are going off just two Tories.
Why not wait until one has been elected and see what they then decide to do, as your views are based on some very much so, "what if's"

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Re: uk market crash continues apace

Post by eddie on Thu Jun 30, 2016 7:08 pm

Ben Reilly wrote:
Didge wrote:Its not even been a week yet and people are going off where we have not even issued article 50 yet. So there is bound to be some unceartainty, but the fact is, the economy has not taken any nose dive and no big companies have said they are pulling out. Mainly because untill trades are on the table, companies would not be the buisnesses they are to cut and run at the mere mention of fear talk

But think about this, Didge. What did Cameron say pre-Brexit?

He said he was going to invoke Article 50 forthwith after the election. Instead, he resigned 3 hours after the result was declared.

So then the heir apparent becomes Boris Johnson, one of the hardest Brexit campaigners, and when he gets the chance to push the button himself, he says he won't stand for PM.

These guys understand what's coming and they don't want to be remembered as the guy who set it all off.

Well Cameron had to go really, didn't he?
As for Boris Gump, he left (thank god) for reasons unknown but perhaps he knew he wouldn't get in anyway?

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