Brexit!

[byebyebaby]

with age comes wisdom

I agree, but also a lot of sentiment, going back to the good old days.
But that will never happen, not in the world we live in today.
And I am not saying I wouldn't be for it, but that's just the way it is.

Again, my opinion

 

[Shay]

That's what I was thinking, too, Frank. This seems like yet another ridiculous, irrational drop.

"Buy when there's blood in the streets."

I think the irrational drop will last for a bit longer than just the weekend. A bit more digestion is needed before this one can pass IMO.

 

[Kadabra]

I think too. Not to mention what could happen next: Scotland, other EU countries. Maybe in 7-10 years from now we will talk on how this was the start of euro meltdown.

 

[Kadabra]

Just saw this.

 

[slotplayer]

I agree, but also a lot of sentiment, going back to the good old days.
But that will never happen, not in the world we live in today.
And I am not saying I wouldn't be for it, but that's just the way it is.

me too, I would not trade the America I grew up in for the America today.

 

[AE-Stephen]

Boris Johnson - Take back our sovereignty, lets do it now. Vote leave.

Wins

Boris Johnson - Lets not be hasty.

He knows there are no winners here, I'm just glad David Cameron resigned before invoking article 50. He Didn't want it, he knows the damage it will cause. Let Boris clean up his own mess.

I have a sneaky feeling there will be a general election coming up. Theresa May will run for votes saying " I'll Keep Britain in the EU" and she will win.

You could tell by Boris' face the other day, he's in a catch 22. Whether he steps up or not he's committed career suicide.

 

[KasinoKing]

Interesting viewpoint Stephen!

Theresa May will run for votes saying " I'll Keep Britain in the EU" and she will win.

How could she possibly do that???
Surely there is no going back now - the people have voted!

KK

 

[AE-Stephen]

I hate this "The people have spoken", they haven't, half voted for half voted against (give or take 2%, a nominal amount) either way half of the population is pissed off.

The referendum was a glorified opinion poll, it is not legally binding, so yeah in theory they could just ignore it (I dont think they should ignore it). Based on body language nobody wants to invoke article 50, nobody has the balls.

Boris is now keeping very quiet, he has committed career suicide. It's just a theory and I'm no expert but I can see an early general election I can see Theresa May winning on the Tory side of things and winning the general.

Teresa May is Pro-Remain, if the people vote her in based on her campaign which is "We'll stay in the EU" then democracy hasn't been trodden on and spat at.

 

[baldidiot]

How could she possibly do that???
Surely there is no going back now - the people have voted!

The referendum wasn't legally binding, so in theory they could just ignore it. Would be a pretty shitty thing to do and a slap in the face of democracy (for the record I voted remain) but in theory it's entirely possible. As would having a second referendum. But it's done, get over it, let's move on.

I've actually been surprised by how little damage has been done to the markets - I was expecting a much more drastic drop.

Also it's starting to sound like Boris wasn't expecting leave to win either - he's back peddling a little.

My predictions are that we will leave the EU, but retain the single market and freedom of movement, and probably still pay into the EU. So the only thing that will have changed is no longer having to listen to the laws that come out of Brussels. Which actually I'm alright with.

 

[AE-Stephen]

Agree with all of that Baldibot however when assessing the economic damage dont forget it happened 4 days ago. The value of the pound is down 8% and is expected to fall more, despite the fact nothing has changed. We're still in the EU, still free to trade etc. There will be further repercussions if we actually leave, this will be the tip of the iceberg IMO.

Expect inflation to go up in April, expect wages to drop.

There are already whispers of companies moving their HQ's abroad and massive job losses already. People will label it scaremongering but it is what it is, the remain camp were branded scaremongers but what the experts predicted has come true.

 

[baldidiot]

Totally agree with you - what I meant was I'm surprised that the impact to date wasn't bigger. I was expecting massive crashes in UK shares.

 

[slotplayer]

Agree with all of that Baldibot however when assessing the economic damage dont forget it happened 4 days ago. The value of the pound is down 8% and is expected to fall more, despite the fact nothing has changed. We're still in the EU, still free to trade etc. There will be further repercussions if we actually leave, this will be the tip of the iceberg IMO.

Expect inflation to go up in April, expect wages to drop.

There are already whispers of companies moving their HQ's abroad and massive job losses already. People will label it scaremongering but it is what it is, the remain camp were branded scaremongers but what the experts predicted has come true.

I think it was reported here in the US that JP Morgan was planning to move 2000 employees.

 

[AussieDave]

Without sounding like a nincompoop (in my defence, no longer watch the news or read newspapers, imo it's all too depressing. I'm happy in my own little bubble). Why exactly did the UK decide to leave the EU?

 

[tiffany146]

I trully believe that the main reason is uncontrolled illegal migration, that will soon blow up the UK ( both in the ordinary and figurative sense) just like France and Belgium, if the measures aren't taken. Nation is fed up with it. That's why so many people voted for Brexit

 

[KasinoKing]

Without sounding like a nincompoop (in my defence, no longer watch the news or read newspapers, imo it's all too depressing. I'm happy in my own little bubble). Why exactly did the UK decide to leave the EU?

Who knows?

Personally I (and most of the older generation) were fed up with being told what to do by people in Brussels that we didn't actually elect.
They made all our shops sell everything in Litres, Kilos and Metres, when we wanted to stick to Pints, Pounds and Feet.

Petrol is now in litres, but I haven't a clue what the fuel consumption of a vehicle is unless it's stated in Miles per Gallon...
At least we did somehow manage to keep Miles on our roads, and Pints in our pubs. (I don't know how we did that!)
I struggle to understand someone's height in metre & centimetres and haven't a clue what my weight is unless it's in Stones & Pounds...

But those are pretty minor things really (though bloody annoying!)
The main reason I voted Leave was because of the uncontrolled immigration from the EU: the UK is FULL to bursting point - we need less people not more.
We want a controlled immigration system like they have in Australia - and if we don't get that now, I am going to be SERIOUSLY pissed-off!

And we are paying £millions to the EU every WEEK - for what?
For laws we don't want, stupid rules, and endless immigrants coming here taking houses and jobs that people who are already here need.

KK

 

[Engineer]

I think the irrational drop will last for a bit longer than just the weekend. A bit more digestion is needed before this one can pass IMO.

The slide continues -- you were right.

(in my defence, no longer watch the news or read newspapers, imo it's all too depressing. I'm happy in my own little bubble)

I've actually been considering doing that for about a year.

And we are paying £millions to the EU every WEEK - for what?

In case Greece needs a 4th or 5th bailout, that's why.

 

[baldidiot]

I've actually been surprised by how little damage has been done to the markets - I was expecting a much more drastic drop.

Ok so I wrote that before seeing what happened on monday in the markets. Now it's more what I imagined.

Dang son, the banks are getting hammered.

 

[Ermac]

Only England could leave Europe twice a week, if you know what i mean

 

[tiffany146]

Only England could leave Europe twice a week, if you know what i mean

Give it up for Iceland, ladies and gentlemen

 

[Ermac]

actually Iceland is making history in this tournament. I even have desire to go Reykjavik, to feel that crazy fans atmosphere =)