Brexit and the Consequences

This is a discussion on Brexit and the Consequences within the The Foyer forums, part of the Off the Grid category; Originally Posted by barjon Difficult to see who might blink first since the opposing positions are each claimed to be ...

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Old Jul 28, 2016, 10:42am   #91
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Difficult to see who might blink first since the opposing positions are each claimed to be inviolable lines in the sand.
fwiw, it has all the makings of an internal power struggle between individual countries leaders and business (the Ones that matter) v the EU machine.

Aren't you pleased we will leave all this nonsense behind !
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Old Jul 28, 2016, 7:44pm   #92
 
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1.32

Indices booming.
UK investment booming.
http://www.express.co.uk/news/uk/694...nvestment-vote
Another deceitful distortion of facts. Headline is nonsense.

No stopping booming Britain: Rush to invest in UK as Brexit economy soars

1. GDP figures accounts for 2nd Qtr taking us to end of June.
Considering referendum was on the 23rd to any half thinking man this has nothing to do with Brexit economy but one before it.

2. Brexit boom fuelled by a series of major investment announcements??? GlaxoSmithKline announced that they want to invest a further £275million in Britain following the decision to Leave the EU.
£275 million of new investments at three of its manufacturing sites in the UK to boost production and support delivery of its latest innovative respiratory and large molecule biological medicines. They already have significant presence employing 6000 people.

Yes this is welcome news. Not knocking it but more than likely BAU not something new as a consequence of Brexit.

The company said it "views the UK as an attractive location for investment in advanced manufacturing due to a number of factors including the skilled workforce, technological and scientific capabilities & infrastructure and a competitive corporate tax system".

This includes the Patent Box, which encourages investment in R&D and related manufacturing in the UK by delivering a lower rate of corporation tax on profits generated from UK-owned intellectual property.



3. City Airport in London has been announced bringing in 1,600 new jobs.
Planning application was made back in 2013. Absolutely nothing to do with Brexit.


4. US to start buying British meat again despite a ban on meat from the EU.
Becareful about this one it's a little off. More to do with tit-for-tat responses due to TTIP where Europe banned shiite hormone infested US beef.

They are playing silly buggers.



However, on the other foot purely due to Brexit we have.

U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat


Lies, deceit and distortions of the truth.

Sooner or later those chickens will come home to roost.
Outcome of this fiasco will start becoming clear in the next two decades should it proceed. I sincerely hope it sinks in the Channel.
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Old Jul 28, 2016, 10:25pm   #93
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Looks like Merkel is digging her own grave.

Why is it they are incapable of changing policy. Even when ALL the evidence suggests they should !

http://www.bbc.co.uk/news/world-europe-36912141
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Old Jul 29, 2016, 10:29am   #94
 
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Looks like Merkel is digging her own grave.

Why is it they are incapable of changing policy. Even when ALL the evidence suggests they should !

http://www.bbc.co.uk/news/world-europe-36912141
I don't agree.
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Old Jul 29, 2016, 10:31am   #95
 
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She is digging other people's graves.
She will be safe personally.
Especially when she is living on a planet far, far away.
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Old Jul 29, 2016, 12:37pm   #96
 
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Oops ! She is already.
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Old Jul 29, 2016, 12:43pm   #97
 
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Sometimes you do the most decent things for the very best of motives, but you just get kicked for it or it doesn't pan out. Some things are, however, very predictable and as a politician with huge responsibilities you have to weigh morality and expediency. She does seem to be coming round to the Cameroonian approach of helping refugees locally to their country of origin.
Sometimes we in the liberal West are exploited and taken advantage of and even attacked. It comes with the territory of doing the decent thing. You have to learn fast, adapt and change to new realities.
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Old Jul 29, 2016, 1:00pm   #98
 
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Sometimes you do the most decent things for the very best of motives, but you just get kicked for it or it doesn't pan out. Some things are, however, very predictable and as a politician with huge responsibilities you have to weigh morality and expediency. She does seem to be coming round to the Cameroonian approach of helping refugees locally to their country of origin.
Sometimes we in the liberal West are exploited and taken advantage of and even attacked. It comes with the territory of doing the decent thing. You have to learn fast, adapt and change to new realities.

There is far more outrage than support for a handful of nutters including from their own kind.

There will always be people like Trump who'll try and exploit the odd incident.


I think she's great standing up for what is right and truth as opposed to pandering to votes and fringe groups.

True leader imho.
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Old Jul 29, 2016, 1:09pm   #99
 
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I know, but sometimes a touch of realpolitik is needed if you are going to stay in government and continue to imbue political power with some morality.

You do, however, need to fulfill the first responsibility of leadership which is to keep your country and people as safe as possible.
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Old Jul 29, 2016, 4:31pm   #100
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1.33
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Old Jul 29, 2016, 4:53pm   #101
 
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1.33
Good opportunity to short
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Old Jul 29, 2016, 5:11pm   #102
 
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We all know cable has collapsed from 1.50 and is chopping around in a tight range 1.30 to 1.34 which is a reasonable indicator of what the rest of the world thinks about our currency and Brexit; not to mention the capital outflow from UK assets.
A slight rise in cable is really not significant, imho.
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Old Jul 29, 2016, 5:16pm   #103
 
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I was wondering about what that insect was after walking in a figure of eight,
then I realised.....
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Old Jul 29, 2016, 5:18pm   #104
 
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We all know cable has collapsed from 1.50 and is chopping around in a tight range 1.30 to 1.34 which is a reasonable indicator of what the rest of the world thinks about our currency and Brexit; not to mention the capital outflow from UK assets.
A slight rise in cable is really not significant, imho.
Yes agree strongly.

Reason for the rise is more to do with weak GDP data from the US and the hopeful expectation rates may not rise in Sept?

Market is hooked on easy money like drugs.

Any indication of Fed raising rates or BoE having to drop rate here in the UK and 1.30 will be breached sooner than one can say I.
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Old Jul 29, 2016, 10:17pm   #105
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Glad we ignored these experts.

http://www.telegraph.co.uk/business/...ses-for-the-i/
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