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Brexit, the economy and house prices part 5
Comments
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ilovehouses wrote: »Past democratic decisions are routinely 'overthrown' - that's how democracy works. If a majority were in favour of a decision made years ago and are now against I'm afraid the present trumps the past. Referendum or no referendum.
Rent-a-mob isn't democracy though is it.If I don't reply to your post,
you're probably on my ignore list.0 -
I think its all going to tank.........houses.......debt bubble.......there are just too many factors.Every time I see Mr Carney on the TV he's looking particularly salty!From my point of view taking Brexit out of the equation:
In 2008 we had the global financial crisis,in response the BOE dropped the interest rates to more or less zero.This has encouraged the public to borrow,spend and not to save.This provided stimulus to an ailing economy.Now that stimulus has run out and interest rates are still low.The public is maxed out on credit card debt,car loans and god knows what else.In the meantime this fueled a housing boom due to the relatively cheap mortgages and available credit.Again many of the millennials are maxed out on mortgages ,friends of mine included.
The question is where do we go from here?The work needed to unwind this quantitative easing is enormous and I don't think Mr Carney has the answers.If a financial crisis hits again ,he has no leeway to drop rates unless he goes negative which just prolongs the agony,nor has he got the confidence to raise interest rates.Suppose he does say what the hell and gives it a go,the knock on effect on all this debt will be tremendous.Your average Joe Bloggs as i've previously stated is maxed out.I can remember the BBC showcasing people on the news who were panicking at a 0.25% rate hike.With council taxes rising,car insurance rising ,and soon to be fuel cost due to the rising oil price people are hard pressed so any significant rise in interest rates is going to cause large scale defaults.After all wages have not risen to keep pace with this!
We have interesting times ahead..........0 -
ilovehouses wrote: »Past democratic decisions are routinely 'overthrown' - that's how democracy works. If a majority were in favour of a decision made years ago and are now against I'm afraid the present trumps the past. Referendum or no referendum.
Yep. Usually at election time.
Brexit will happen, whatever the form.
In a few years time we will get to revisit the judgement, if a party thinks this is a vote winning issue.
I reckon most of us can put up with that. We might even move on to worrying about other things; maybe even another recession; or a new conflict somewhere on this globe.0 -
The staggering lack of awareness of irony in this post is something to behold.
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The EU did fail us all. Absolutely. 100%.
The reason Merkel made the unilateral invite to the refugees is because the EU had consistently fudged the migrant problem.
If she believed in the EU she wouldn't have done this.
Of course, having hundreds of thousands of people trapse their way across Eastern Europe wasn't exactly going to go down well in places like Hungary.
Oops, that's another mess which the EU hasn't really been helpful on.
Makes you wonder why we should trust the EU more.0 -
The EU did fail us all. Absolutely. 100%.
The reason Merkel made the unilateral invite to the refugees is because the EU had consistently fudged the migrant problem.
If she believed in the EU she wouldn't have done this.
Of course, having hundreds of thousands of people trapse their way across Eastern Europe wasn't exactly going to go down well in places like Hungary.
Oops, that's another mess which the EU hasn't really been helpful on.
Makes you wonder why we should trust the EU more.
Explain in simple words I can understand how you think Germany alleviating a humanitarian crisis that was leading to dead toddlers washed up in Turkey (Alan Kurdi's family were trying to get to Canada for your information) affects you in any way whatsoever.
Germany exercised its independent sovereign right to extend an offer of asylum as it saw fit.
Immigrants arriving in Germany have no right to settle in the UK. Those granted asylum in Germany have no right to settle in the UK.
Even if / when they achieve German citizenship the UK is not required to allow them to settle. Existing EU regulations prevent this, the UK has just never bothered to apply them.
The illegal migrants trying to get to the UK are stopped in France and have to be looked after in France.
How has this inconvenienced you?0 -
The staggering lack of awareness of irony in this post is something to behold.
Stuff Brexit. Stuff its racism, stuff its lies and stuff its demagogues.
Farage was campainging in a democratically held vote.
Remainers are protesting against the democratic result.
If the minority can override the democratic wishes of the majority we may as well live in a dictatorship.
You'd like that if terrorist sympathiser Corbyn ever wins.If I don't reply to your post,
you're probably on my ignore list.0 -
How has this inconvenienced you?
May I answer? Terrorism.
Plain and simple for me. Both terrorism which hasn't yet taken place, and that that has. (Bataclan, the mowing down of pedestrians in Berlin).
May not have effected me directly, but it's certainly a huge concern for me.
Finally, my immediate family have been effected at Calais two years ago. You may not think it's much, but fearing for ones life and superficial damage to a car is, again, enough for me to have a view on welcoming anyone in.0 -
If Labour were honest about thier position on brexit The Tory's might have got a bigger majority.
After the Tories betrayed the UK by allowing the referendum in the first place?If the minority can override the democratic wishes of the majority we may as well live in a dictatorship.
Less than 50% of the people in the UK voted to leave the EU, you can also add the people who may be forced to return to the UK for economic reasons but were denied a vote.
If you can't override earlier decisions, then we may as well live in a dictatorship.Graham_Devon wrote: »May not have effected me directly, but it's certainly a huge concern for me.
And that is how you were played.0
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