Uh oh, markets up, what will liberals do now?

Okay, let's start by looking at what "the libs" were saying about this. Hey, let's use me as an example!

"Oh yes pisspot, the markets will stabilize, especially with the BOE and the Treasury ready to spend billions to shore it up..the UK? Now that's a different story.

So anyway, what is this "Good deal" you are wanting out of the turkey talk in Brussels? Can we see some details of what this good deal you brexiters are going to walk away with?

http://www.justplainpolitics.com/showthread.php?69606-The-Brits-Are-Turning&p=1646617#post1646617


Cameron is speaking and says The Bank of England and the Treasury will continue to take all measures to shore up the markets (and the pound). And I am sure they will. The markets will stabilize at some point. Which is what will let the US and Europe off the hook, for the most part.

Where will all that money come from? There will be further austerity. A shrinking of the GDP. This means job losses and public cuts within the UK.

Short term it may look bad for all of us - long term? Everyone else stabilizes (presuming no further EU defections), and the UK is fucked. Assuming the UK holds, it may split up. Either way, England is fucked, and oh God those poor bastards in Wales, who voted believing the Leavers bs that the UK would replace the EU money subsidizing Wales. They will never see a pound.

http://www.justplainpolitics.com/showthread.php?69606-The-Brits-Are-Turning&p=1646489#post1646489

I think the likely outcome, economically speaking only, will be that Europe will rebound, the US will rebound. The UK, who knows if they will hold, or split, and we will have an "Little England" it's early, we will have to see. However, their GDP will fall, and the new right wing Tory will institute public cuts and further austerity. They're on the way down. That is my opinion.

http://www.justplainpolitics.com/showthread.php?69449-Brexit-predictions&p=1645777#post1645777
 
Now let's see what happened today:
http://www.independent.co.uk/news/u...and-tax-rises-after-brexit-vote-a7106921.html


George Osborne warns UK to expect spending cuts and tax rises after Brexit vote
Chancellor says it is 'very clear' the country will be poorer following the people’s decision to leave the EU

The next Conservative government will have to cut spending even further and raise taxes to ensure the country can live within its diminished means post-Brexit, George Osborne has said.

The Chancellor said it was “very clear” that the country would be poorer following the people’s decision to leave the EU and while ruling out an immediate ‘emergency budget’, he said that the next prime minister would “absolutely” have to inflict further austerity measures on the population.
 
This thread is about the market issue, not what people who are against brexit who of course would predict gloom and doom.

Sent from my LG-D631 using Tapatalk
 
Seahawk said:
This thread is about the market issue, not what people who are against brexit who of course would predict gloom and doom.

Sent from my LG-D631 using Tapatalk
Click to expand...

Well, like it or not - you opened this discussion up to every daily fluctuation of the market, and to the broader picture of how the British economy does over the next year or so.

So, it should get bumped a lot.
 
SmarterthanYou said:
hey fucking retard, it also doesn't mean that popular votes can eliminate fundamental rights.
Click to expand...
yes.

Looking at day to day stock markets is just looking at the amount of volatility. where this goes nobody knows exactly.
There are projections based on how smoothly, and how much economic integration remains.
It's in no ones interest to go outside of a common market relationship -albeit with out a common market
 
Days after the UK referendum result wiped almost 8% off Japanese shares and sent the yen up sharply against the US dollar, officials in Tokyo have started drawing up plans to minimise Brexit’s impact on the world’s third-biggest economy.The economy minister, Nobuteru Ishihara, said on Tuesday that stimulus measures were likely to include assistance for small businesses.

https://www.theguardian.com/busines...ain-tentative-after-britains-vote-to-leave-eu

BoE injects £3.1bn of liquidity into banks after Brexit
The Bank of England has pumped £3.1bn into the country’s banking system following the UK’s decision to leave the EU.

The liquidity injection is the last of the central bank’s three scheduled special auctions announced before the UK referendum and designed to quell any panic about the state of the country’s lenders.

It is the first operation that has taken place since the UK voted to leave the EU on June 23. The BoE allotted £3.072bn to lenders, having received bids amounting to £6.3bn. Most of the collateral offered was the lowest ‘Level C ‘ grade assets, according to the Bank’s data.

Tuesday’s first post-Brexit auction compares to the £2.45bn and £317m allotted in the two pre-referendum auctions on June 14 and June 21.

It comes after the Bank of Japan provided $1.5bn to its lenders in a special liquidity operation earlier today.


https://next.ft.com/content/bb54e8b4-4dd6-34b2-805a-2267a5c70978
 
So let's see, the central banks pour billions in to stabilize the markets, as I said they would, the markets stabilize, as I said they would, and the UK is roundly fucked for any foreseeable future...as I said they were.

You were saying titmouse?
 
Darla said:
So let's see, the central banks pour billions in to stabilize the markets, as I said they would, the markets stabilize, as I said they would, and the UK is roundly fucked for any foreseeable future...as I said they were.

You were saying titmouse?
Click to expand...

All he saw was an uptick, and it's all "Onceler? Onceler?"

I hope the economy does well. I hope that it's not as bad as most think.

I just hate everything I've read & seen about this vote. Such a dishonest campaign of hate & fear - so similar to what we're seeing here.
 
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