Brexit the economy and house prices part 7: Brexit Harder

Fran_Klee

phillw wrote: »

Once your mouth has stopped frothing and your flags have stopped waving, then it might slowly dawn on you why we used to be the 5th largest economy.

Nothing's changed yet in the three years that the planet has known we want to leave and all indicators suggest we will stay in that position but please, feel free to provide evidence of possible change to that standing instead of purely your own "frothing" premonitions.

phillw wrote: »

I won't laugh, because you'll be crying with despair and it won't be any comfort to me.

Well all the evidence so far is that it's remainers crying with despair.
In fact the obvious displeasure of posts like yours is what keeps up the spirits of myself and I suspect many others; if you're so unhappy we must be getting something right.

phillw wrote: »

In the meantime remoaners will continue fighting valiantly against this leave menace.

Out of all the words you could have chosen that is quite probably the least appropriate.
Try: "deceitfully", "disgracefully", "nefariously" or "immorally" just for starters since each of those is a much more honest fit.

phillw wrote: »

BTW as we import popcorn, you might want to stock pile some before sterling crashes completely.

More remainer disingenuous deceit.
Undoubtedly we import some popcorn but actually Britain makes most of its' own.
The kernels which make popcorn might be another matter but maize is increasingly grown in the UK and there's no reason why varieties used to make popcorn shouldn't be grown here - if they're not already because there's not much info. about that available.

As for Sterling "crashing completely" well really!
Have you got your tinfoil helmet ready too?
How Sterling fares depends upon how we do as a country.
As soon as it becomes apparent that not only can we "manage" but that we can do well - especially as the EU slips again into recession - you can expect to see a recovery very quickly.
Short term pain for long term gain.

You might even be able to not only take off your tinfoil helmet but afford a new set of teeth, to replace those you're obviously destroying by your gnashing because of the supposed horrors of Brexit.
Consider it another Brexit bonus.

AG47

Exclusive: Deutsche Bank sets aside $1.1 billion to exit derivatives.

https://finance.yahoo.com/news/exclusive-deutsche-bank-faces-1-151608050.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANV3LZRx9n5Zdo4LiSfvig4V0wBrPmIiQu4YsA7sOB-aroYGa6tMXdVFkEsCtU7s94TNrlSbHfNlH-HY1K5BA0jV3NTY99e9UlPvv_0y0NPhkCJS-ihQjiBbm0g09dRxVAvs24ZudlXRSFb2dXLPoSU97hOLL2ONGjTkuPDAIyah

1.1 billion is a drop in the bucket of fifty trillion derivatives problem.

Question, once they go into the bad bank who takes on the losses? The German government or the EU? Somebody has to take on the liabilities who takes the losses?

If it is the EU then brexit a good thing.

D Banks FIFTY TRILLION derivatives problem is perhaps the biggest reason to leave the sinking ship that is the EU.

Moby

gfplux wrote: »

The British Government is ramping up the spending and preparation for the no deal Brexit in 89 days time.
Local councils are being ordered (can they be ordered?) to appoint a Brexit lead to coordinate the operations and spend the money.


Presently there is no mention of any personal plans British Citizens should be putting in place but this perhaps will come directly from local councils.

It is truly heartbreaking the mess this country is now in. Has Boris suddenly found the money tree. If Labour had been spending all this dosh the usual suspects would have been apoplectic!


We are being bombarded by emails asking for volunteers to go on the call centres.

https://www.theguardian.com/politics/2019/aug/03/secret-education-report-no-deal-brexit-school-chaos

In a section entitled School Food, it talks of the “risk that communications in this area could spark undue alarm or panic food buying among the general public”.

And it adds: “Warehousing and stockpiling capacity will be more limited in the pre-Xmas period. The department has limited levers to address these risks. We are heavily dependent on the actions of major suppliers and other government departments to ensure continued provision.”

BikingBud

Moby wrote: »

It is truly heartbreaking the mess this country is now in. Has Boris suddenly found the money tree. If Labour had been spending all this dosh the usual suspects would have been apoplectic!


We are being bombarded by emails asking for volunteers to go on the call centres.

https://www.theguardian.com/politics/2019/aug/03/secret-education-report-no-deal-brexit-school-chaos

In a section entitled School Food, it talks of the “risk that communications in this area could spark undue alarm or panic food buying among the general public”.

And it adds: “Warehousing and stockpiling capacity will be more limited in the pre-Xmas period. The department has limited levers to address these risks. We are heavily dependent on the actions of major suppliers and other government departments to ensure continued provision.”

Panic buying fuelled by scaremongering as we apparently charge headlong into the end of civilisations :rotfl: Let's get real.

Warehousing and stockpiling happens every Christmas, it's part of the over commercialisation that leads many to spend far beyond their means every year.

Perhaps a few moments of rationale thought on both these areas may lead us to a more reasoned perspective on Brexit and a more sustainable position long term.

Tromking

The only thing these Remain voting miserablists have left is the economic ‘armageddon’ of no deal. Nothing electorally in three years has yet managed to trump the democratic imperative to leave the EU as expressed in June 2016. Their middle class metropolitan heroes inside and outside of parliament look beaten and crestfallen. Despite my previous reservations, I think we may well leave the EU in around 90 day time.
I win, we win, democracy wins, the UK wins!

Arklight

BikingBud wrote: »

Panic buying fuelled by scaremongering as we apparently charge headlong into the end of civilisations :rotfl: Let's get real.

Warehousing and stockpiling happens every Christmas, it's part of the over commercialisation that leads many to spend far beyond their means every year.

Perhaps a few moments of rationale thought on both these areas may lead us to a more reasoned perspective on Brexit and a more sustainable position long term.

People scare easily. You presumably don't remember the fuel shortages we had which started with panic buying of petrol and followed on with panic buying in the supermarkets?

That was a few truckers blocking the entrances to distribution hubs, this has the potential to be far worse because little of it will be in the hands of the UK.

You might think you are above it all but when you see the woman in front of you scoop a shelf load of marrow fat peas into her trolley you will be panicking like everyone else.

Arklight

Tromking wrote: »

The only thing these Remain voting miserablists have left is the economic ‘armageddon’ of no deal. Nothing electorally in three years has yet managed to trump the democratic imperative to leave the EU as expressed in June 2016. Their middle class metropolitan heroes inside and outside of parliament look beaten and crestfallen. Despite my previous reservations, I think we may well leave the EU in around 90 day time.
I win, we win, democracy wins, the UK wins!

I'll bookmark this.

Takedap

BikingBud wrote: »

Panic buying fuelled by scaremongering as we apparently charge headlong into the end of civilisations :rotfl: Let's get real.

Warehousing and stockpiling happens every Christmas, it's part of the over commercialisation that leads many to spend far beyond their means every year.

Perhaps a few moments of rationale thought on both these areas may lead us to a more reasoned perspective on Brexit and a more sustainable position long term.

You're probably right in the fact that things won't be as bad as the worst case scenarios that have been presented.


However, there isn't ANY good news coming out. There are no positive forecasts that are based on anything except hope & faith. The consensus seems to be that we are in for a short term hit but no-one can say why it is short term or even how long "short term" is.


Things are going to be worse. We just don't know how much.

buglawton

Moby wrote: »

It is truly heartbreaking the mess this country is now in. Has Boris suddenly found the money tree. If Labour had been spending all this dosh the usual suspects would have been apoplectic!

We are being bombarded by emails asking for volunteers to go on the call centres.

https://www.theguardian.com/politics/2019/aug/03/secret-education-report-no-deal-brexit-school-chaos

In a section entitled School Food, it talks of the “risk that communications in this area could spark undue alarm or panic food buying among the general public”.

And it adds: “Warehousing and stockpiling capacity will be more limited in the pre-Xmas period. The department has limited levers to address these risks. We are heavily dependent on the actions of major suppliers and other government departments to ensure continued provision.”

It's that time again. Well, all we'll have to worry about is food and shelter.

Arklight

The international press' view of Brexit Britain:

https://www.theguardian.com/politics/2019/aug/04/how-does-the-rest-of-the-world-currently-view-the-uk-brexit-boris-johnson

India, like others, has noticed for the first time that Europe exists independently of Britain. India thought of Europe as Britain’s backyard. Brexit means we will now develop independent relationships with European countries. Britain, and London, will become less important.

If Brexiters think that negotiating a trade agreement with India is going to be easy, they are in for a nasty shock. There is a far stronger belief in Britain than in India in the power of nostalgia and a “shared history”. It won’t impact trade negotiations at all. If Britain wants a deal, it will have to concede India’s demand for easier work visas for professionals and students. It will have to relax immigration. This is as non-negotiable for New Delhi as it is for Brussels. I’m sure Brexiters will be fine with that!

India.

Britain has come to think of itself in very noble terms, and to do that it has had to fundamentally erase its dealings with the colonies. Its history has been written that way. I am a fourth-generation South African of Indian descent, so my own history is riddled with Britain’s colonialism, and all that is glossed over.

South Africa