BREXIT:Yes or No?

[kosingh]

9 minutes ago, mishra said:

I will see if goose replies to that.

 

Exactly, Why should country give those benefits? Just so that rich can get even richer by employing these workers. The cost of European single market is too much if you consider there is overall deficit. As far as Banking/financial sectors concerned, a deal is needed there.

 

Agreed. Although I think  Union in Europe is useful, it shouldnt be a union between such vastly unequal countries. Have a union of Scandinavian countries, a union of UK, France, Germany etc. But once you start bringing in Romania, and Latvia and Greece etc, things are bound to get ridiculous.

Edited June 29, 2016 by kosingh

[mishra]

7 minutes ago, kosingh said:

Agreed. Although I think  Union in Europe is useful, it shouldnt be a union between such vastly unequal countries. Have a union of Scandinavian countries, a union of UK, France, Germany etc. But once you start bringing in Romania, and Latvia and Greece etc, things are bound to get ridiculous.

Even Greece is ok. Any state bordering Russia means a big risk (military cost and immigration cost). There is a massive cost associated if including those states. Our politicians are basically trying to engage in a economic/regional war with Russia but instead telling its people that its principle of equality freedom blah blah blah..

[mishra]

http://www.standard.co.uk/business/city-comment-avoid-kneejerk-trades-this-brexit-result-can-mean-longterm-market-opportunities-a3282196.html

Quote

The negative implications for the UK stock market may not be as great as people fear. The FTSE 100 is comprised of around 70% overseas earnings, with significant exposure to the US and to emerging-markets consumers. Clearly, any exposure to overseas earnings is positive for investments as they are considered less exposed to the domestic economy and can benefit from a weaker pound. All else being equal, a  10% drop in the pound equates to a 7% esarnings per shares uplift for FTSE 100 companies.

...

 

 

[beautifulgame]

http://www.standard.co.uk/business/city-comment-avoid-kneejerk-trades-this-brexit-result-can-mean-longterm-market-opportunities-a3282196.html

The negative implications for the UK stock market may not be as great as people fear. The FTSE 100 is comprised of around 70% overseas earnings, with significant exposure to the US and to emerging-markets consumers. Clearly, any exposure to overseas earnings is positive for investments as they are considered less exposed to the domestic economy and can benefit from a weaker pound. All else being equal, a  10% drop in the pound equates to a 7% esarnings per shares uplift for FTSE 100 companies.

...

 

 

business/2016/06/27/why-we-should-be-looking-at-the-ftse-250-and-not-the-ftse-100-to/

There are lots of gauges of investor sentiment towards the UK economy. None of them is perfect. But the FTSE 100 index of the largest companies listed in the UK, often called the “Footsie”, is one of the least perfect around.

A much better gauge of fears about the UK economy is the FTSE 250, which includes smaller and more domestic-focused companies. It fell 7pc yesterday. This was after it tumbled 7.2pc on Friday, its worst one-day drop since 1987. In total it has now dropped 13.6pc since the Brexit vote. There is no firm definition of what constitutes a stock market crash, but a double-digit dip in two days is getting awfully close.

[mishra]

^ Both FTSE 100 and 250 are  recovering just after 2 consecutive days of loss. Its not like a collapse of UK economy or market turmoil, recession, high taxes, public sector cuts which Remain campaign relied upon. Things will not be same, But it can get better by the end of few years.

After all there are loads of economies in EU which are still suffering. EU is not a solution or only way forward for a country to keep on growing.

[Nash]

On 6/23/2016 at 3:30 PM, sourab10forever said:

Then why did modi tell Cameron that Britain should stay in Europe?

It doesnt matter what PM Modi told to them. As as PM and head of the country, he has to say what is politically right. 

[beautifulgame]

^ Both FTSE 100 and 250 are  recovering just after 2 consecutive days of loss. Its not like a collapse of UK economy or market turmoil, recession, high taxes, public sector cuts which Remain campaign relied upon. Things will not be same, But it can get better by the end of few years.

After all there are loads of economies in EU which are still suffering. EU is not a solution or only way forward for a country to keep on growing.

Credit rating cut to AA

Growth projection cut to 0.5 from 2.5

Even Leave campaign predicting recession

Pound today was hovering around 88-90 INR whereas on 22nd it was peaking around 102 INR

Scotland wanting to leave UK and recent polls predicting overwhelming support for independence

All this within a week and noone actually isn't interested in triggerring Article 50 anytime soon .

Not saying UK will crumble economically but will be much much worse off if they maintain access to single market .And UK won't get single market access without freedom of movement of people (Read the press release by all EU members just released minutes back if u still believe the nonsense sprouted by Boris Johnson and Farage )

Anyway I posted that article because u have to track FSTE 250 if u want to guage how the ecomony is recovering not FSTE 100 . Because FSTE 100 is mostly companies doing business outside UK and dealing in dollars so will benifit the more the pound crashes .

[beautifulgame]

It doesnt matter what PM Modi told to them. As as PM and head of the country, he has to say what is politically right. 

It's not what politically correct but what made economically sensible.

Fact as apart from right wing leads leaders +who are against migration) no prominent leader supported Bretix becoz they knew the economic fall out a Big economy like UK shaking will cause .They all are sensible enough to hear to experts unlike the preaching" Experts are stupid " Gove

[mishra]

18 minutes ago, beautifulgame said:

Credit rating cut to AA

Growth projection cut to 0.5 from 2.5

Even Leave campaign predicting recession

Pound today was hovering around 88-90 INR whereas on 22nd it was peaking around 102 INR

Scotland wanting to leave UK and recent polls predicting overwhelming support for independence

All this within a week and noone actually isn't interested in triggerring Article 50 anytime soon .

Not saying UK will crumble economically but will be much much worse off if they maintain access to single market .And UK won't get single market access without freedom of movement of people (Read the press release by all EU members just released minutes back if u still believe the nonsense sprouted by Boris Johnson and Farage )

Anyway I posted that article because u have to track FSTE 250 if u want to guage how the ecomony is recovering not FSTE 100 . Because FSTE 100 is mostly companies doing business outside UK and dealing in dollars so will benifit the more the pound crashes .

Rating cut was explained by S&P as down to scotland leaving UK and not down to any financial decision.

Pound was around Rs 93-95/- before Brexit

 

Finally some common sense coming back. All FTSE losses back to norma within  4 days.

 

City fighting back to opportunistic EU leaders. As soon as UK accept referendum results and now we are all BEXIT, surely EU hasnt got balls/brains to outdo anything against city money and whitehall brains.

Quote

 

 

Why the EU’s euro clearing Brexit threat may never happen

Crucially, the euro is a global reserve currency and so can be traded and cleared anywhere, just as the dollar is. A demand to have euro-denominated swaps only cleared in the eurozone would represent a step back from that.

http://www.ft.com/cms/s/0/e7b6a752-3dec-11e6-8716-a4a71e8140b0.html#axzz4CwywFcIC

 

 

Edited June 29, 2016 by mishra

[beautifulgame]

 

This is from a few minutes back.

The journalist Paul Mason says the EU leaders beefed up the draft of the communique they issued at the end of their “EU27” meeting today (the one Britain was not invited to) to make it clear they they will fight any attempt by David Cameron’s successor to try to get access to the single market while not allowing free movement.

— Paul Mason (@paulmasonnews)June 29, 2016

News: EU Council statement said to insist "access to single market requires acceptance of all four freedoms" - free movement for EEA status

— Paul Mason (@paulmasonnews)June 29, 2016

News: EU Council also to insist no negotiations of any kind without A50 and firmed up wording to make that categoric from earlier draft

— Paul Mason (@paulmasonnews)June 29, 2016

The EUCO “all four freedoms” line is not for show. I seen draft and it was an addition. It means they are determined for showdown w Boris

If u seriously think EU will compromise on their free movement for free market access .then u are just talking nonsense without any fact to back it up.

[mishra]

40 minutes ago, beautifulgame said:

This is from a few minutes back.

 

If u seriously think EU will compromise on their free movement for free market access .then u are just talking nonsense without any fact to back it up.

When did I say that european free market hasnt got a price. But if in the same price we get freedom to decide what we want then i will say we have done good. 

If Last 4 days are to go by, George osborne was definitely wrong and so was Rest of remain camos stark warnings

[biglebowski]

UK is so fecked that nobody wants to be their PM 

[MechEng]

Huge responsibility is now in the hands of local youth, they need to quit self destructive habits like binge drinking. They must bring progress with an optimistic vision for their country.

[beautifulgame]

* me this UK politics is far more thrilling than House of cards :lmao:

If Gove becomes PM they really should write a House of Cards based on him .

Trump and his theatrics look like a sideshow lol

[mishra]

19 hours ago, beautifulgame said:

* me this UK politics is far more thrilling than House of cards :lmao:

If Gove becomes PM they really should write a House of Cards based on him .

Trump and his theatrics look like a sideshow lol

I will be surprised if Gove becomes conservative leader. I never trusted him. Now no one trusts him after what he did to Boris.

 

Saying that most of remain campers (including MI-5) must be plotting a political kill of Boris.

Edited July 1, 2016 by mishra

[cowboysfan]

Another country succumbs to hidden Racism.

[Malcolm Merlyn]

Brexit may not happen?

[MechEng]

The situation also gives you a hint of their society, there is a communication gap between the young and the old.

[mishra]

 On one side , They are taking down elected leader of opposition (with Brexit /anti Blairite view) Labour leader Jeremy Corbyn. On the other side They decide Theresa May to become British PM once they realise Conservative members will elect Andrea Leadsom.

What a mockery of British parliament system(Its doesn't qualifies to be called a British Democracy).  Anyone else has any doubt how EU parliament is ruling Europe?

 

[mishra]

Where is that retard Juncker with EU expansion project. I would like to listen to his views on this. Turkey is doing complete crackdown post Erogan's orchestrated failed coup .French PM Valls booed after 74 killed in NIce. Germany attacked by crazy Axeman after that mass Rape incident. If only French be given a option they will definitely quit EU overwhelmingly. EU is one CIA type project.