Brexit

[tbm3fan]

...and now it is time to go to bed. Should be interesting to hear what KCBS says in the morning when the alarm goes off and I wake up to the news.

[snapper]

funny coz we were still talking about Pound, not stocks, werent we? Or you can tell the difference between them?

Stocks all over Europe and the world are going to open lower.

Besides, the key word here is "panic short-term fluctuation".

It's the marginal tail that waves the average dog.

And really what EU has anything to do with "Muscovite adventurism"? What capability does it have to deal with Putin?

If you need that explaining you are maybe in the wrong place.

[snapper]

Barclays, Lloyds, RBS all off 30%. This is not a drill. FTSE down 8% Polish market down 10+%... BoE will do "whatever is needed". Cameron resigns.

[Doktor]

Cameron resigned. What a day!

[snapper]

[drhuy]

If you need that explaining you are maybe in the wrong place.

why dont you just simply say "I dont know"!

[drhuy]

Stocks all over Europe and the world are going to open lower.



It's the marginal tail that waves the average dog.

stop spilling your ridiculous economics! The only way hundreds of billions can be wiped out from the economy over night is a major disaster like earthquake or nuclear attack. $ wiped out from the market is different from wipe out from the economy.

A drop of Apple stock can cause billions wiped out from the market, but not the economy. It could just go up again tomorrow. If the Tesla plant suddenly burnt, only then can you say billions wiped out from the economy, because it cant just magically reappear again.

[Doktor]

Interesting, most who were cheerful the day Maggie died are mourners today. And vice versa.

[Parihaka]

Cogratulations Tankie :-) . With the fall in the pound, maybe the UK can actually start making stuff to sell again.

[Parihaka]

When $3-4trillion is wiped off markets overnight it is NOT speculators who are losing - they have been shorting and probably made money of this. It is companies who's shares are owned by ordinary people and pension funds etc... That means companies are not worth so much and therefore cannot raise money should they wish to so easily. Tata Steel has already hinted it will pull out of the UK; 14,000 jobs at stake there alone. But this is the unimportant stuff - the immediate fall out of this mad miscalculation; the break up of the UK and the EU and the increased chances of Muscovite adventurism are far more dangerous.

Yes and Cameron has promised WWIII if Brexit won. Instead he's just lost his job.

[snapper]

why dont you just simply say "I dont know"!

I do know.... it has been discussed here long before but apparently you were not following the conversation. I just can't be bothered to explain it all again.

stop spilling your ridiculous economics! The only way hundreds of billions can be wiped out from the economy over night is a major disaster like earthquake or nuclear attack. $ wiped out from the market is different from wipe out from the economy.

Nor clearly do you understand the economics. The BoE has just said that it is standing by to inject £250bn into the banks.

[snapper]

sadly war is now more likely than less.

[Doktor]

sadly war is now more likely than less.

*Grabs popcorn*

Edit: War between whom? Germans will reignite BoB?

[YellowFever]

Congrats Eric!

One more reason to throw down a pint or two...ummm.....not that you needed any more reasons.

Edit: Wait, make it two. Cameron resigned.

[snapper]

*Grabs popcorn*

Edit: War between whom? Germans will reignite BoB?

Preventing war in Europe depends on two relationships; Germany and France and Germany and Muscovy. The point is to keep the Germans onside. This is now less likely - as well as the continuation of EU sanctions etc - as a result of this disaster.