Brexit, the economy and house prices part 5

Moby

cogito wrote: »

We don't know what mess we're in unless you are talking about the one created by those who refuse to accept the result. It's people like you who are scared.

You might want to wait for the outcome of negotiations and then you can decide whether or not it's a mess. But whatever the outcome, you've already decided it's going to be a mess.

Everyone knows its going to be a mess. The issue is about damage control. Everything May does is directed towards being as close to the EU as possible while keeping the idealogues onside. No-one apart from Brextremists believe in a no deal exit. There will be huge consequences if that happens. The consequences will be economic and constitutional. Scotland will move more quickly to independence and a united Ireland will be so much closer.

mayonnaise

HPC_Ghuol_Hunter wrote: »

This is what you are up against.

The perfect summary of your average Brexiteer there.

Malthusian

At least she didn't say there was going to be an Emergency Budget and 4p added to income tax.

We laugh at little people for little stupidities like thinking Airbus is an airline (ha! ha! what a moron! who the hell would think that a company called Airbus would bus people through the air!) but queue up to worship big people who come up with massive colossal stupidities like the Eurozone or communism.

To paraphrase Goebbels, if you are going to be stupid, be really stupid. Make a minor mistake and people will laugh at you. Make a massive mistake and people will assume that if you're willing to say something that outrageous, it must be true. And they'll build statues of you and burn people at the stake for disagreeing with you.

iro

ilovehouses wrote: »

Fighting yesterday's battles. There are no EU terms for remaining because we leave the EU next March.

You won remember? Get over it.

Correct which is why it is a mystery that less than 10,000 people marched on Saturday.

gfplux

So we have discovered another Brexit dividend but this one is NOT for the EU but for Hedge Funds.
Bloomberg have an expose of exit polling that sold their results to hedge funds before they made them public.
Apparently hundreds of millions were made by traders betting against the pound when as the polls closed Farage conceded defeat for Brexit.

This is the link to the story.
https://www.bloomberg.com/news/features/2018-06-25/brexit-big-short-how-pollsters-helped-hedge-funds-beat-the-crash?cmpid=BBBXT062518_BIZ&utm_medium=email&utm_source=newsletter&utm_term=180625&utm_campaign=brexit

Some interesting QUOTES
Just four minutes after the polls had closed, and with meaningful vote counts still more than two hours away, Sky had aired a concession from the worlds most prominent Brexit backer, buttressed by data from YouGov. In a few hours these scoops; would prove spectacularly wrong, but in the meantime they spawned worldwide headlines, including from Bloomberg News and virtually everyone else. This one, which ran atop the U.K.s leading news site, the Mail Online, was typical. Referring to Farage's UK Independence Party, it read:

BREAKING NEWS: UKIP leader Nigel Farage sensationally concedes DEFEAT within seconds of voting closing as final poll gives Remain the edge 52% 48% in historic EU referendum

The news pushed the U.K.s currency up;herding investors toward a cliff hours ahead of one of the largest crashes for any major currency since the birth of the modern global financial system. Trillions of dollars in asset values would be wiped off the books, but not just yet.

Behind the scenes, a small group of people had a secret;and billions of dollars were at stake. Hedge funds aiming to win big from trades that day had hired YouGov and at least five other polling companies, including Farage's favorite pollster. Their services, on the day and in the days leading up to the vote, varied, but pollsters sold hedge funds critical, advance information, including data that would have been illegal for them to give the public. Some hedge funds gained confidence, through private exit polls, that most Britons had voted to leave the EU, or that the vote was far closer than the public believed;knowledge pollsters provided while voting was still underway and hours ahead of official tallies. These hedge funds were in the perfect position to earn fortunes by short selling the British pound. Others learned the likely outcome of public, potentially market-moving polls before they were published, offering surefire trades.

Herzlos

Malthusian wrote: »

At least she didn't say there was going to be an Emergency Budget and 4p added to income tax.

We laugh at little people for little stupidities like thinking Airbus is an airline (ha! ha! what a moron! who the hell would think that a company called Airbus would bus people through the air!) but queue up to worship big people who come up with massive colossal stupidities like the Eurozone or communism.

To paraphrase Goebbels, if you are going to be stupid, be really stupid. Make a minor mistake and people will laugh at you. Make a massive mistake and people will assume that if you're willing to say something that outrageous, it must be true. And they'll build statues of you and burn people at the stake for disagreeing with you.

She also didn't say (and I paraphrase) "only a fool would consider leaving the single market", that the Norwegian model was a good one or "they need us more than we need them".


But just because we're not talking about a 4p income tax raise yet doesn't mean it's impossible. Do you still actually believe anything May says or doesn't say?


Regarding knowing Airbus made aircraft rather than flying them? It's obvious to anyone who's read beyond the headlines. Every article about Airbus leaving is talking about manufacture of aircraft. A google search for "airbus" shows you it's a manufacturer on the front page.


I think that's what he's getting at as what Remain are up against. Someone who is outraged about something without the faintest idea what that something is.


As for the Eurozone and communism being bad ideas, well, we'll let history decide. We've made a small fortune from the former.

iro

Nice to see Guido putting the spotlight on Soubry, is she going to jump before she is pushed?

gfplux

To summarise the Brexit dividends already BANKED.


1) Medicines Agency banked by the EU
2) Banking Agency banked by the EU
3) Loads of money banked by currency traders
Let us not forget
4) Euro earning tourists Banking their saved holiday spending


Not one Brexit dividend banked by Britain.

iro

This is news because a group of people allegedly pay for polls which inform their trading position, has there been a crime committed?

Financial markets are based on the 'greatest fool' theory, so no surprise that the flaky remainers are the greatest fools and the plucky Brexiteers the biggest winners.

Given that leavers are supposed to be thick and uneducated but obviously with a high level of financial acumen???????????


Do explain?

Phone 101 if you think there has been a crime.

gfplux

Is see some Brexiters are trying to change the subject.

Brexit is a mess, no one can defend it or the way it has been negotiated by the British Government.
So Brexiters dont want to discuss Brexit.
Almost every post from a Brexiter in the last few days has discussed EVERYTHING but Brexit.