Brexit, the economy and house prices part 5

Tromking

Discussing the current crisis in the Eurozone in the midst of Brexit negotiations is wholly appropriate. Sorry gfplux.

iro

Tromking wrote: »

Discussing the current crisis in the Eurozone in the midst of Brexit negotiations is wholly appropriate. Sorry gfplux.

Already today UK Bond yields down 12Bps

Italian bond yields up 29Bps

A shift on the day in the spread of 41Bps

Wise money is flowing out of the EU/Eurozone to a safe haven AKA the UK.

The next election in Italy will set a course for Italy to leave the EU and we in the UK will welcome them into a world without Barnier et al.

The UK electorate, particularly, the 17.4 million Leavers are the wisest voters in the world.

Herzlos

The boldest, certainly. It's a pretty risky move. The wisest?

ben501

iro wrote: »

BTW half a million people have signed a 'certain' petition, I cannot wait to see how nasty the second referendum on Brexit will be,

No idea what petition you're referring to, but the second referendum idea still amuses me. I assume what the campaigners are hoping for is


Accept the deal and Brexit OR stay in the EU as we are now

what they're getting is

Accept the deal OR go WTO terms
https://petition.parliament.uk/petitions/205169

Lornapink

gfplux wrote: »

Whatever Brexiters voted for the politicians are not going to deliver what they wanted.

Whatever Remainers voted for the politicians are not going to deliver what they wanted. There is no status quo Remain option.

iro

Herzlos wrote: »

The boldest, certainly. It's a pretty risky move. The wisest?

From the BBC, note the pathetic standard of reporting (that is what happens when you employ remainers) surely even the flakiest BBC hack knows that if bond yields rise prices fall.


'Italy's cost of borrowing jumps

Prices on Italian two-year bonds jumped by 2.44% on Tuesday after an attempt by Italy's two populist parties to form a coalition government collapsed.

Shares in the country's banks fell as the wider FTSE MIB gave up 2.6%. Government bonds make up a large part of Italian banks' portfolios.

John Hardy, head of FX strategy at Saxo Bank, tells Reuters: "It is just a slide and as the slide continues, you ask where is the end."

He says: "If this continues for another couple of sessions I think you will have to see some official [European] response. A 'whatever it takes' kind of moment."

Back in 2012, when the the eurozone crisis swept across the single currency region, European Central Bank president Mario Draghi famously said he would "do whatever it takes" to save the euro.'

No way that we should pay the 40 billion into this debt sinkhole, the ECB crossbook on this junk debt is over 4 trillion Euros. That is the potential loss without considering further losses from collateral damage as banks fail.

I think that remainers need to thank anyone who voted for Brexit they meet!,

iro

iro wrote: »

Already today UK Bond yields down 12Bps

Italian bond yields up 29Bps

A shift on the day in the spread of 41Bps

Wise money is flowing out of the EU/Eurozone to a safe haven AKA the UK.

The next election in Italy will set a course for Italy to leave the EU and we in the UK will welcome them into a world without Barnier et al.

The UK electorate, particularly, the 17.4 million Leavers are the wisest voters in the world.

That spread now changed by over 50Bps.

Portugal, Greece and Spain now getting dragged in....

Anyone for a Club Med holiday?

Matt_L

Herzlos wrote: »

I'd love to see the context you can squeeze these into to make it sound like they are talking about a hard brexit.

You say you'd love to see??

Posted this numerous times but im more than happy to post it again, its explains how and when these quotes were taken out of context. Also remember none of the quotes were made during the referendum..

https://www.youtube.com/watch?v=_9dKcjfeVTs&t=4s

Thrugelmir

Dippypud wrote: »

The 'power' was taken from a majority of the unions by Maggie Thatcher...
Without unions today many more would starve on zero hour contracts ...

Unions failed to move with the times. Stuck in their left wing ideology. Which is past it's sell by date. Unions etc serve a really usefull purpose. Unfortunately when they are hijacked ordinary people become disillusioned.

Thrugelmir

iro wrote: »

True because they did not get the Brexit boost but I am pretty sure that Italians will be getting that soon.

Nothing to do with a Brexit boost. Consumers suffered with the fall in the £

Italy has many problems. Leaving the Eurozone won't address many of them.