New Cabinet

[ProfessorDavey]

So the stock market is down?

Looking at the stock market (and in particular the FTSE100) gives a very misleading position.

Many of the companies in the FTSE100 are traded in dollars as they are major multinationals, but the share price is indicated in the index in pounds. Hence if the pound drops against the dollar the shares become more expensive in pounds, although they actually haven't changed in values. Therefore there is a nominal appearance that the share price has increase, but it is merely because the value of the puns has decreased. I gather when you factor that in (so looking at dollar pricing) then the FTSE100 is down by 10%-ish since brexit.

[Udayana]

Better to look at at FTSE250 which is more reflective of UK business. But it has recovered reasonably well from the fall on the 24th - mainly I think thanks to May's quick appointment and expectation of a stable government restored.

[Jack Knave]

Except they haven't.

Indeed just about every one of their predictions is already beginning to materialise. So just today we've seen a surge in inflation, largely due to the crash in sterling. Plus also growth forecasts slashed yet again.

No one denied that the change over would be a little bumpy, but I see it is only the babies who are crying. But the massive collapse that your lot said would happen hasn't happened.

[Jack Knave]

Jack, I'd suggest that  have begun to bear fruit somewhat faster than the time scale they had anticipated.

Proof required.

They predicted collapse and WWIII and all that. Are you really saying that everything has crashed and burned?

[Jack Knave]

What planet are you on?


Anyway, we are now well on our way to becoming a backwater. Once Scotland buggers off, the process will be complete.
Again, what planet are you on?

I have no idea what delusional planet you are on but it isn't yours.

Scotland can't bugger off unless it wants to hit the economic buffers.

[jeremyp]

I have no idea what delusional planet you are on but it isn't yours.

Scotland can't bugger off unless it wants to hit the economic buffers.

It's going to hit the economic buffers anyway. They've got nothing to lose.

Scotland can be part of the biggest trade bloc in the World or it can be part of xenophobic Great Britain. They will choose the former.

[Jack Knave]

It's going to hit the economic buffers anyway. They've got nothing to lose.

Scotland can be part of the biggest trade bloc in the World or it can be part of xenophobic Great Britain. They will choose the former.

No. We're got a bumpy ride but if they leave the Union they will hit the bottom of the cesspool.

The EU is stagnating, it too is gradually sinking to the bottom of the cesspool. The Euro is like a dead albatross around their necks.

[Hope]

Proof required.

Drop in value of sterling; the drop on the Stock Markets, both here at home and around the world; the political fallout; the economic fallout and indications that we will be appraoching recession (even if we manage to miss it by fractions, for several years.  Need anything else?

They predicted collapse and WWIII and all that. Are you really saying that everything has crashed and burned?

In fact, the Remain camp predicted that the currency would fall in value; that we would fall towards recession; that the global econoy would be hit; that stocks would fall.

[jeremyp]

The EU is stagnating, it too is gradually sinking to the bottom of the cesspool. The Euro is like a dead albatross around their necks.

|It looks like the rUK would be a millstone around their necks.

[Jack Knave]

Drop in value of sterling; the drop on the Stock Markets, both here at home and around the world; the political fallout; the economic fallout and indications that we will be appraoching recession (even if we manage to miss it by fractions, for several years.  Need anything else?
In fact, the Remain camp predicted that the currency would fall in value; that we would fall towards recession; that the global econoy would be hit; that stocks would fall.

Front page of the Telegraph : BoE can't see any turn down in the UK's economy etc. All those predictions of a total collapse of the UK by those lying, fear project Remainers has not come true. Steady as she goes, though admittedly the waters are a bit choppy.

[Jack Knave]

|It looks like the rUK would be a millstone around their necks.

The difference being that the Euro is a fact of life for the EU whereas the rUK is only a consequential pipe dream for the Scots' wet dream that will never be - if they have any sense.

[Hope]

Front page of the Telegraph : BoE can't see any turn down in the UK's economy etc. All those predictions of a total collapse of the UK by those lying, fear project Remainers has not come true. Steady as she goes, though admittedly the waters are a bit choppy.

Jack, newspapers and magazines have been fairly full of reports on how the Leave vote will effect both the UK's and the global economy.

Here are a few.

http://www.theguardian.com/politics/2016/jun/20/european-union-referendum-brexit-us-world
http://www.ft.com/cms/s/2/0260242c-370b-11e6-9a05-82a9b15a8ee7.html#axzz4F4tBZ8fi
https://www.imf.org/external/pubs/ft/weo/2016/update/02/pdf/0716.pdf
http://www.ft.com/cms/s/0/17e52328-4cd8-11e6-8172-e39ecd3b86fc.html#axzz4F4tBZ8fi
http://uk.businessinsider.com/eu-referendum-brexit-fallout-markets-and-political-analysis-brexit-legality-2016-6

You will notice that none of these are the populist red-tops; they are either serious magazine and newspaper articles, or business analyses.

As for the BoE, it has never said that there isn't a down-turn.  It was expected to lower the interest rate earlier this month but decided not too because of the already unstable nature of sterling and the UK economy.

[jeremyp]

if they have any sense.

If only you and seventeen million like you had had any sense.

[Hope]

I'm aware that this has been linked to on a different thread, but I believe it is pertinent here, as well.

http://www.bbc.co.uk/news/business-36864273

[jeremyp]

Something that made me laugh today:

They found Teresa May's notes on selecting a new cabinet. Apparently, next to Boris's name she wrote "F Off" but it was tragically misinterpreted.

[floo]

Something that made me laugh today:

They found Teresa May's notes on selecting a new cabinet. Apparently, next to Boris's name she wrote "F Off" but it was tragically misinterpreted.

If true, that is hilarious!

[jeremyp]

If true, that is hilarious!

Sadly, it was just a joke.

[Jack Knave]

Jack, newspapers and magazines have been fairly full of reports on how the Leave vote will effect both the UK's and the global economy.

Here are a few.

http://www.theguardian.com/politics/2016/jun/20/european-union-referendum-brexit-us-world
http://www.ft.com/cms/s/2/0260242c-370b-11e6-9a05-82a9b15a8ee7.html#axzz4F4tBZ8fi
https://www.imf.org/external/pubs/ft/weo/2016/update/02/pdf/0716.pdf
http://www.ft.com/cms/s/0/17e52328-4cd8-11e6-8172-e39ecd3b86fc.html#axzz4F4tBZ8fi
http://uk.businessinsider.com/eu-referendum-brexit-fallout-markets-and-political-analysis-brexit-legality-2016-6

You will notice that none of these are the populist red-tops; they are either serious magazine and newspaper articles, or business analyses.

As for the BoE, it has never said that there isn't a down-turn.  It was expected to lower the interest rate earlier this month but decided not too because of the already unstable nature of sterling and the UK economy.

And I never said that the waters wouldn't get choppy, but one sign of a little wave and everyone is running for the lifeboats.

[Walt Zingmatilder]

And I never said that the waters wouldn't get choppy, but one sign of a little wave and everyone is running for the lifeboats.

I thought that was a safety measure from the tidal wave of Brex shit.

You crashed the ship.

[Walt Zingmatilder]

Sadly, it was just a joke.

Boris is just a cuddly monkey called Ape Rick.