Brexit, the economy and house prices part 5

System

phillw wrote: »

Of course it is possible. A lie is just the opposite of what you really think, facts are irrelevant to lying. If you're wrong about something, you can still lie. You may happen to accidentally tell the truth.

"The private exit poll that appears to have had the most clients was conducted by Farage!!!8217;s favorite pollster and friend, Damian Lyons-Lowe, whose company is called Survation. It was sold to multiple clients and correctly predicted Leave, according to Farage and other sources familiar with the results. In an interview with Bloomberg, Farage said he learned of Survation!!!8217;s results before making at least one of two public concessions that night, meaning there was a good chance he was feeding specious sentiment into markets."

It appears he lied. His friend he normally believes said leave would win, he then said on tv that he had been told that remain would win. It doesn't surprise me, everything he said about the EU was a blatant lie.

Ahhhh I see. So despite the polls saying leave he concedes defeat.

Unless I'm mistaken though his ruse would have worked even if there wasn't any polls. Farage conceding defeat like that would have had the same effect on the markets regardless.

The insider information gave no benefit as the situation would be the same without it?

Edit: but the effect of that market change was magnified by the positive result once it was released. Ok. I'm with you now. Yeah he's a sneaky one.

System

Graham_Devon wrote: »

Well you all seem to be contradicting each other just trying to explain it. Have a look above your post...

Quite amusing.

Well contradiction in the sense we all agree he's done somethng naughty but debating the method in which he did it, yeah.

Hilarious.

Ballard

Graham_Devon wrote: »

Like every other politician interviewed, then?

Let's stop being ridiculous. Farage can't have known which way the vote was going, when no one else did, no matter how many millions he threw at it. Ballot boxes weren't even opened in many places.

Danger hear of just believing whatever is written simply because it confirms a view.

It’s acrually very clear so I’m surprised that you’re unable to grasp this.

Farage has said that he took the result from Survation and conceded defeat. The survation poll, however, showed a Leave win. Why on earth would he make that mistake... twice in an hour or so.

You’re in danger of believing a liar simply because you like believing a liar.

Herzlos

Farage was told leave win.
Farage said on tv leave lost.
Markets rise.
Farage friends bet on leave (knowing leave win).
Leave wins.
Farage friends make fortune from market jump based on lie.

At this stage I'm sure you must get it but can't bring yourself to admit Farage is a liar.

Herzlos

No business in their right mind will be spending money right now they don't have to, because they've no idea what's going to happen. I doubt even Nissan is willing to trust last year's downing street promises.

I'm still trying to figure out when the sweet spot for car buying will be. I suspect we'll see some brilliant deals for a short window as dealers try to dump inventory, before the importing costs and times drive the costs and waiting lists right up.

Ballard

ilovehouses wrote: »

Yeah but the emergency budget....

You’re ignoring the positives though. Don’t forget blue passports.

gfplux

Imagine, two years of Uncertainty, actually GROWING uncertainty for business and people on BOTH sides of the channel.

Britain is being damaged daily in lots of small ways, damage by a thousand cuts.
Although I do like drip, drip, drip. Thank you houses.

Herzlos

Nothing is wrong with making money from the referendum.

What's wrong is using insider information to make money from the markets. It actively defrauded those that contributed to the false recovery.

That's why there's a crime called "insider trading".

You'd need to care aboit other people to see the distinction though.

HPC_Ghuol_Hunter

More gud Brexit news to wake up to. Car industry in free fall.

https://www.telegraph.co.uk/business/2018/06/26/car-industry-investment-crashes-half-brexit-uncertainty/

Herzlos

That's fine with me. I'll still point out every time you are wrong.


Brexit has upset me, and should upset everyone. But to be honest I'm pretty well insulated from it so mostly still following it to try and figure out the mindset of people that think it's a good idea.