Is it ethical?

Generali

CLAPTON wrote: »

by definition group think will exclude independent thinkers.

even so I am surprised you truely think the biggest risk to the world economy is brexit : I would say unfinished banking business is a much larger risk.

I'm very content that I followed my own advice and sold 95% of my portfolio last year.

Brexit is a bigger near-term risk for UK asset values.

Longer term there are all sorts of things: Italian banks, Chinese overproduction, unwinding the mining boom, aging populations, climate change.

CLAPTON

Generali wrote: »

Brexit is a bigger near-term risk for UK asset values.

Longer term there are all sorts of things: Italian banks, Chinese overproduction, unwinding the mining boom, aging populations, climate change.

so one could reasonably say the group think is a big short term risk for UK asset values

Filo25

CLAPTON wrote: »

group think

clearly no rational person could really think that a friendly exit of the UK from the EU is the biggest risk facing the world.

however, one has to act irrational in the light of known unknown as they are visible.

I would say the prospect of a "friendly exit" has diminished as the immigration rhetoric has been turned up.

Coming into this, an EFTA deal would probably have been viewed as the most likely scenario in terms of Brexit, with the way the campaign has gone though I'm not sure how feasible that is anymore.

Generali

CLAPTON wrote: »

so one could reasonably say the group think is a big short term risk for UK asset values

It doesn't really matter: if group think means the prices of some assets fall then I suspect that our clients would rather we weren't owners of those assets rather than holding them to make an intellectual point.

CLAPTON

Generali wrote: »

It doesn't really matter: if group think means the prices of some assets fall then I suspect that our clients would rather we weren't owners of those assets rather than holding them to make an intellectual point.

indeed so
but that will be a inconsequential short term effect although doubtless the usual suspects will make a bob or two conning their clients

CLAPTON

Filo25 wrote: »

I would say the prospect of a "friendly exit" has diminished as the immigration rhetoric has been turned up.

Coming into this, an EFTA deal would probably have been viewed as the most likely scenario in terms of Brexit, with the way the campaign has gone though I'm not sure how feasible that is anymore.

which decision makers do you think will be shoot themselves in the foot because of some electioneering rhetoric?

Filo25

CLAPTON wrote: »

which decision makers do you think will be shoot themselves in the foot because of some electioneering rhetoric?

I wouldn't fancy being anyone in the Brexit campaign, standing up, basking in the win along with their supporters and then saying, actually you know we said all that about immigration and controlling our own borders, and that's why most of you voted for us, well we're still going to have freedom of Labour movement with the EU.

mayonnaise

Filo25 wrote: »

I wouldn't fancy being anyone in the Brexit campaign, standing up, basking in the win along with their supporters and then saying, actually you know we said all that about immigration and controlling our own borders, and that's why most of you voted for us, well we're still going to have freedom of Labour movement with the EU.

You mean they lied?
And I was so looking forward to VAT free fuel....

Filo25

mayonnaise wrote: »

You mean they lied?
And I was so looking forward to VAT free fuel....

Who knows on this one, but what Brexit looks like varies greatly by whether the government's priority is preservation of economic growth or dramatically reducing the level of immigration, at the moment the campaign is following the LibDem approach pre 2010 of trying to be all things to all people.

CLAPTON

Filo25 wrote: »

I wouldn't fancy being anyone in the Brexit campaign, standing up, basking in the win along with their supporters and then saying, actually you know we said all that about immigration and controlling our own borders, and that's why most of you voted for us, well we're still going to have freedom of Labour movement with the EU.

If that were the case then that would be a betrayal of the electorate they would deserve to be thrown out of office for ever.

However as the ruling class, big business, the rich and powerful and the majority of parliament and of government are 'remain' it will be interesting to see if they also betray the electorates decision and simply corruptly ignore the result.