Why is 'Timing' the market bad ?

economic

Glen_Clark wrote: »

What about the risks to Sterling cash from Brexit?
http://www.nationaldebtclock.co.uk/
We are already seeing companies moving their offices cw jobs and tax revenue, across the channel to retain access to the single market

but is it a significant number?

Jon_W

No. Lloyds has announced a new EU subsidiary, HSBC has talked about a few hundred.

Malthusian

Glen_Clark wrote: »

What about the risks to Sterling cash from Brexit?
http://www.nationaldebtclock.co.uk/
We are already seeing companies moving their offices cw jobs and tax revenue, across the channel to retain access to the single market

That's already been priced in. So what you are saying is that even more companies are going to leave the UK to... somewhere (Germany may be good at taking refugees but they can't accomodate the entire financial industry of 25 countries) than the market believes and that Brexit is going to be even worse than the hysterical predictions in the financial and popular press. What do you know that the market doesn't, that you haven't already been required to declare under insider trading rules?

JohnRo

I think the correct response is not yet.

It all depends whether London can retain it's financial hub status long term. That'll not be something that changes in the short term.

As I understand it the problem for banks and others looking at a wholesale shift to continental Europe is that there's no one single place that has the infrastructure to do what London does currently.

That doesn't mean it'll always be the case though.

kidmugsy

I wonder which will be the first continental country to apply to join the United Kingdom? Portugal?

JohnRo

I'll wager Scottish independence and Irish reunification happen first.

With just under half the UK voting population scratching there heads and feeling like the country has been hijacked by twits the term United Kingdom is starting to sound like an oxymoron.

Malthusian

kidmugsy wrote: »

I wonder which will be the first continental country to apply to join the United Kingdom? Portugal?

Scotland.

EdGasket

Glen_Clark wrote: »

What about the risks to Sterling cash from Brexit?
http://www.nationaldebtclock.co.uk/
We are already seeing companies moving their offices cw jobs and tax revenue, across the channel to retain access to the single market

Well sorry but in the UK we pay for essentials like food in Sterling. If the market tanks, I can't afford to hang around for 5 years for it to recover, I needed to get some cash together and am much happier for having done so and not have to worry about being a forced seller at depressed prices.

Thrugelmir

We are already seeing companies moving their offices cw jobs and tax revenue, across the channel to retain access to the single market

Why is it only a problem now? Been going on for decades.

grey_gym_sock

Glen_Clark wrote: »

Biggest borrower is the Government doubling the 300 year old National Debt in 6 years - nothing they won't do to keep house prices up even when its crippling the rest of the economy. My guess is they will default through inflation because thats what Government's always do when they can't pay their debts. So I don't want to be holding much cash

there is no problem with UK government debt. that is complete fiction.

there is a problem with the high level of household debt. inflation is 1 of the possible ways to reduce household debt.

however, so far the government is not even trying to reduce household debt. they are trying to increase it further. this is indeed strongly related to pushing house prices still higher, since much of the marginal cash for buying houses is borrowed money. they are also pushing up household debt via other policies, such as trebling tuition fees and then selling off student debt.