Bishop Briggs Posted June 24, 2016 Share Posted June 24, 2016 It's already recovering As I predicted last night. The markets always over-react, presenting opportunities for the hedge funds and bargain hunters. 0 Quote Link to comment Share on other sites More sharing options...
Ya Bezzer! Posted June 24, 2016 Share Posted June 24, 2016 It's already recovering The truly shitey end of the economic stick will be when we are actually gearing up to pull out of the EU and afterwards. Right now it's just market jitters that will fly all over the place. 0 Quote Link to comment Share on other sites More sharing options...
Arabdownunder Posted June 24, 2016 Share Posted June 24, 2016 On the upside my holiday next year is suddenly cheaper $AUD 0 Quote Link to comment Share on other sites More sharing options...
kirkyblue2 Posted June 24, 2016 Share Posted June 24, 2016 So why is this happening when we are still in the EU? Blame the professional gamblers who are gambling with the economy. 0 Quote Link to comment Share on other sites More sharing options...
kirkyblue2 Posted June 24, 2016 Share Posted June 24, 2016 You dont really get how economic forecasts work do you? or economics in general eh? No, do tell. 0 Quote Link to comment Share on other sites More sharing options...
Bishop Briggs Posted June 24, 2016 Share Posted June 24, 2016 So why is this happening when we are still in the EU? Blame the professional gamblers who are gambling with the economy. Remember that the pro-EU politicians (with support of the main parties) gambled with the Pound in 1992? Very high interest rates, plunging house prices negative equity... Look at how the Euro gamble has affected the economies of the Eurozone countries. Many countries, especially Greece, are still reeling. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted June 24, 2016 Share Posted June 24, 2016 (edited) FTSE now down less than 2%. ETA: Any word on the emergency budget? Edited June 24, 2016 by strichener 0 Quote Link to comment Share on other sites More sharing options...
Bishop Briggs Posted June 24, 2016 Share Posted June 24, 2016 FTSE now down less than 2%. ETA: Any word on the emergency budget? As I predicted yesterday and this morning. Investors profiting from the EUphile doomsayers in the establishment and MSM as usual. Love Europe. Leave EU. 0 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted June 24, 2016 Share Posted June 24, 2016 As I predicted yesterday and this morning. Investors profiting from the EUphile doomsayers in the establishment and MSM as usual. Love Europe. Leave EU. My understanding is that the BoE are taking action to prevent any meltdown. Rumour is that there may be 2 interest rate cuts on the way - first to 0.25% and then to 0%. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted June 24, 2016 Share Posted June 24, 2016 My understanding is that the BoE are taking action to prevent any meltdown. Rumour is that there may be 2 interest rate cuts on the way - first to 0.25% and then to 0%. The BoE are not participating in the stock market. 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted June 24, 2016 Share Posted June 24, 2016 Quite funny watching the crash and the brexit types going "nothings happening its all right" 0 Quote Link to comment Share on other sites More sharing options...
Bishop Briggs Posted June 24, 2016 Share Posted June 24, 2016 (edited) My understanding is that the BoE are taking action to prevent any meltdown. Rumour is that there may be 2 interest rate cuts on the way - first to 0.25% and then to 0%. No BoE action so far and it does not interfere in equities markets. A lower £ will help exports so the impact on GDP, growth and the balance of payments could be positive. Edited June 24, 2016 by Bishop Briggs 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted June 24, 2016 Share Posted June 24, 2016 Wonder who was buying all the sterling today 0 Quote Link to comment Share on other sites More sharing options...
CowdenConvert Posted June 24, 2016 Share Posted June 24, 2016 Wonder who was buying all the sterling todaySame traders that took the gamble of shorting it last night.For everyone of them there was one that bought sterling last night that was greeting into his cornflakes this morning. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted June 24, 2016 Share Posted June 24, 2016 No BoE action so far and it does not interfere in equities markets. A lower £ will help exports so the impact on GDP, growth and the balance of payments could be positive. The UK is a net importer by a factor of almost 2. 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted June 25, 2016 Share Posted June 25, 2016 Moodys downgrade the uks credit rating to negative 0 Quote Link to comment Share on other sites More sharing options...
WILLIEA Posted June 25, 2016 Share Posted June 25, 2016 5th biggest economy down to 6th within 48 hours. Out of Europe and heading for relegation! 0 Quote Link to comment Share on other sites More sharing options...
kirkyblue2 Posted June 25, 2016 Share Posted June 25, 2016 5th biggest economy down to 6th within 48 hours. Out of Europe and heading for relegation! We are still in the EU. 0 Quote Link to comment Share on other sites More sharing options...
git-intae-thum Posted June 25, 2016 Share Posted June 25, 2016 S&P downgrading means the debt repayments now going to get harder. The last 6 years austerity might have been for sod all. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted June 25, 2016 Share Posted June 25, 2016 S&P downgrading means the debt repayments now going to get harder. The last 6 years austerity might have been for sod all. And yet UK gilt yields fell yesterday. 0 Quote Link to comment Share on other sites More sharing options...
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