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REFERENDUM RESULTS AND DISCUSSION THREAD

From the link below.


Today the FTSE 100 is up more than 2% and is now above its level for all of June save referendum day.
The FTSE 250 - a better barometer of British business health - is up nearly 2%, though still significantly lower than it was on referendum day, its highest for the year, when many market participants believed Remain would win on 23 June.
Government borrowing costs are falling.
And sterling has stabilised.

http://www.bbc.co.uk/news/business-36665685
 
Sterling has stabilised at a lower level so the value of the FTSE is still down by the value of the fall in sterling.
 
leedswolf said:
So your decision making process was shaped by older persons? I based my vote on what my children and grandchildren felt was important to them. In 40 years I will be dust. My descendants will have been affected more than I will have been. They are the ones that bear the legacy of Thursday's vote. They are now asking "What's next"?
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That is not what I said. If that were the case I would have been a remained coming from a working class background. I started work in 1980 just at the start of the thatcher era so saw the best and worst of that. I then did 3 decades in public service and saw the best and worst of what major brown Blair and Cameron did.I live in a Tory stronghold and have never voted for someone who was successfully elected. My parents and grandparents fought tyranny in two world wars to give me a future. I respect my 80 year olkd parents views. I know thery voted. I do not know which way. It is irrelevant. I have no one to blame for my political views other than me. I am also comfortable in a minority if 1. My children are adulkts. Thery make up their own mind. I would guess 1 didn't vote 2 remain and one leave but I haven't asked. However if I honestly believed I was voting for something that in the medium to long term was wrong for my children or grandchildren I would not do it. As i truly be live this divorce was inevitable it was when not if and I fear it would have been even weorse if we had left it any longer. Ideally hindsight would tell me to have gone late 90s when a labour government would have invested more in public services and infrastructure. Not joining tyhe euro was the right decision but the decision separated us strategically and irreparably from the Eu
 
Paddingtonwolf said:
I would put a fairly large wedge (were I a gambling man) on a further stock market fall as soon as 50 is done, unless somebody comes up with a truly stonking deal. Simple economics.

As to the recovery, I should point out that although the index is at the same level, the drop in the pound is still there, so the values of the companies are still 20 per cent down.
Click to expand...

Yes I expect another blip but it depends how good the plan looks and who leads it. Confidence in both could give it a big boost too. We just don't know yet
 
I think so. For me, the blip is unavoidable, but the degree of it is very much up in the air.

We really need some plans to start coming out now. Even something like you outlined (which was interesting to discuss so cheers for that) and being offered as a start of the debate could get the ball rolling and maybe then meat can get put on the bones.

As I said earlier I still have a LOT of anger about the result. Yes, a chunk of it could be poor loser (I am big enough to admit that) but a lot of it for me is a great feeling of lost chances for me and for my kids and grandchildren and I am still rather bewildered about what encouraged the Leave vote to be mobilised. I can't forgive those behind the Leave campaign but that does not equate to being anti those who voted for them. So I am angry, but that doesn't change it. With that in mind, we need to see some plans soon so decisions can be made.
 
Paddingtonwolf said:
As to the recovery, I should point out that although the index is at the same level, the drop in the pound is still there, so the values of the companies are still 20 per cent down.
Click to expand...

Not 20% down from last month, maybe last year, is that right? the Pound is worth about €1.21. There have been many times in the last 3 months it has been arround that, maybe €1.25 to €1.30.I agree over the whole year, but that can't be blamed on Brexit.
 
leedswolf said:
So your decision making process was shaped by older persons? I based my vote on what my children and grandchildren felt was important to them. In 40 years I will be dust. My descendants will have been affected more than I will have been. They are the ones that bear the legacy of Thursday's vote. They are now asking "What's next"?
Click to expand...

Most kids smoke dope, listen to rap music and don't give a flying fuck about tomorrow, never mind 40 years time. Many youngsters at university often learn their politics at university and radicaly change their political views as they get older.
 
thehistorymakers said:
Not 20% down from last month, maybe last year, is that right? the Pound is worth about €1.21. There have been many times in the last 3 months it has been arround that, maybe €1.25 to €1.30.I agree over the whole year, but that can't be blamed on Brexit.
Click to expand...

Look at it against the dollar maybe. Looking vs the Euro isn't a great indicator because the Euro is under pressure courtesy of Brexit just as Sterling is. The Dollar and the Yen are not as bashed up. And it was at $1.50 at 10pm on Thursday so that drop is entirely Brexit.
 
thehistorymakers said:
Most kids smoke dope, listen to rap music and don't give a flying fuck about tomorrow, never mind 40 years time. Many youngsters at university often learn their politics at university and radicaly change their political views as they get older.
Click to expand...

What a complete load of generalistic nonsense. Absolutely incredible stuff there.

Plus you miss the point that Leeds' made his decision on what he felt was important for future generations.
 
Paddingtonwolf said:
What a complete load of generalistic nonsense. Absolutely incredible stuff there.

Plus you miss the point that Leeds' made his decision on what he felt was important for future generations.
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The first part was a joke, the second part, people quite often change their political views as they get older.
 
Why do you always backtrack to "it was a joke hahahahaha!" when you are pulled up on something? It gets really tired.

So, if people change their political views their earlier views don't count? Really? People aren't allowed to change? Good Lord.
 
Paddingtonwolf said:
Look at it against the dollar maybe. Looking vs the Euro isn't a great indicator because the Euro is under pressure courtesy of Brexit just as Sterling is. The Dollar and the Yen are not as bashed up. And it was at $1.50 at 10pm on Thursday so that drop is entirely Brexit.
Click to expand...

American investment banks, what do you expect? Hoding our own against the Euro, is very important, as many British companies do a lot of business with Eu countries, as we keep being reminded. The euro has a lot more problems than Brexit, as George Soros has said recently.
 
Paddingtonwolf said:
Why do you always backtrack to "it was a joke hahahahaha!" when you are pulled up on something? It gets really tired.

So, if people change their political views their earlier views don't count? Really? People aren't allowed to change? Good Lord.
Click to expand...

it was a light heared bit of humour, if people want to get annoyed, because i said most kids smoke dope and aren't interested in politics, then so be it.
 
Paddingtonwolf;926115 So said:
Of course they count, but in the context of 40 years time, the advice I want is from people who have solid experience. Why ask your son for his advice about the future, if there is a good chance his political views will change , when he gets married and has a family? I will listen to his opinions, but not his advice.
Click to expand...
 
Highlights how blinkered and narrow minded you are. So be it.
 
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