The thread for pointless arguments about Brexit

Drp8713

chucknorris wrote: »

:rotfl: If you say so.

I know so, two flats I was watching have been cut from £430000 to £400000.

A two bed flat at 13 times the average wage in London is still clearly overvalued. i wouldn't want to be buying at these prices, even with a £30k discount.

PS im not saying house prices have dropped 6% in London, im just saying the specific ones I have been look at in my area have.

CLAPTON

wotsthat wrote: »

The price of wine should increase nicely which will be good for our collective livers.

Same for imported water which will be much better for the environment as we won't need to ship it.

The coming increases in oil and gas prices will mean a focus on energy efficiency and maybe people will walk or ride to make short journeys making us fitter.

when the exchange rates fluctuated regularly for most of the last 30 years, who did you 'blame'?
-the fact we weere in the EU
-the fact the the UK is rubbish
-the fact that these things happen all the time because of random world event and market forces
-other

Kohoutek

CLAPTON wrote: »

when the exchange rates fluctuated regularly for most of the last 30 years, who did you 'blame'?
-the fact we weere in the EU
-the fact the the UK is rubbish
-the fact that these things happen all the time because of random world event and market forces
-other

Do you think it's a coincidence that the GBP depreciated by 11% against the USD between when the polls closed and the referendum result was announced?

CLAPTON

Kohoutek wrote: »

Do you think it's a coincidence that the GBP depreciated by 11% against the USD between when the polls closed and the referendum result was announced?

no, I think it was a direct result of the unexpected brexit result.

as you know, if you read my posts, I have many many times mentioned the UK massive trade deficit.
althought totally ignored by most on the board, as it doesn't fit the the 'remain ' narrrative, it was inevitable that the pound must fall.

but yes, the spark was the unexpected result.

I'm sure both of us think it is a good thing and merely brings the inevitable forward.

wotsthat

CLAPTON wrote: »

when the exchange rates fluctuated regularly for most of the last 30 years, who did you 'blame'?
-the fact we weere in the EU
-the fact the the UK is rubbish
-the fact that these things happen all the time because of random world event and market forces
-other

You're trying too hard.

Sterling rapidly dropped to 30 year lows and is directly related to the result of the referendum.

It wasn't a spooky co-incidence - Derek Acorah isn't needed.

wotsthat

CLAPTON wrote: »

no, I think it was a direct result of the unexpected brexit result.

as you know, if you read my posts, I have many many times mentioned the UK massive trade deficit.
althought totally ignored by most on the board, as it doesn't fit the the 'remain ' narrrative, it was inevitable that the pound must fall.

but yes, the spark was the unexpected result.

I'm sure both of us think it is a good thing and merely brings the inevitable forward.

No-one noticed the trade deficit until the result of the referendum was known and, exactly at that point they started to see the world your way?

It's possible the market just thinks the world will want to buy less sterling. With some of the nonsense I'm reading about trade people might be betting our trade deficit is going to get a whole lot worse.

Carney intimating stimulus might be required didn't help

CLAPTON

wotsthat wrote: »

You're trying too hard.

Sterling rapidly dropped to 30 year lows and is directly related to the result of the referendum.

It wasn't a spooky co-incidence - Derek Acorah isn't needed.

I posted

no, I think it was a direct result of the unexpected brexit result.

what part of that don't you understand?

wotsthat

Anyway trying to keep this positive.

People might start to grow their own food to save money, cut food miles and encourage outdoor activity.

I grow my own. Co-incidentally I've just had a salad that included home grown charlotte potatoes, lettuce and tomatoes. It's looking like a good year for courgettes, garlic, tomatoes and chillis.

CLAPTON

wotsthat wrote: »

No-one noticed the trade deficit until the result of the referendum was known and, exactly at that point they started to see the world your way?

It's possible the market just thinks the world will want to buy less sterling. With some of the nonsense I'm reading about trade people might be betting our trade deficit is going to get a whole lot worse.

Carney intimating stimulus might be required didn't help

I posted

no, I think it was a direct result of the unexpected brexit result.

what part of that don't you understand?

in the past, when you used to make sensible well balanced comments, you would have accepted that the huge trade deficit was a time bomb waiting a suitable stimulous.

and to add, I full accept that the pound will probably stay down and this will be a huge medium term benefit even if imports cost a little more.
Of course, if our population had been smaller, the imports would have been smaller too and the fall in the pound less.

wotsthat

I'm not a currency trader but is it really feasible that the markets only started pricing in the UK's trade deficit last Friday. That seems unlikely to me at least.

I think it's more likely traders expect exports to fall rather than rise. I also think sterling won't just bounce back and there'll be a big impact on living costs.

I know some, like Conrad, are expecting a new era of prosperity to start with countries queuing to buy our goods and services. If the markets believed this then the surprise result could've sent sterling the other way.

85% of currency trades are speculative I once heard but the bet is one of supply and demand. People are betting there's going to be less demand for sterling.

Another advantage. Carney might meet his inflation target although I'd prefer he kept missing it.