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Post Reply Britain leaving EU
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Posted 6/23/16 , edited 6/24/16
As an American, I'm proud of you guys. Now, if only Arizona would leave the American Union. #Arxit

Unfortunately, when stock markets are built on speculation rather than value investing, you're going to get big changes like you're seeing now. Once the bankers stop shitting their pants for a bit, things should even out. It's not like some disease has ravaged the world's cow population or anything. It hasn't been long enough for real productivity to be affected. Trade loss is a real concern, and we will have to see how that works out. There are real dangers here, but I wouldn't worry about the stock market at this point. Mass hysteria tends to skew things a bit when investing is primarily speculative.
runec 
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Posted 6/23/16 , edited 6/23/16

jaragnaros wrote:
I'm feeling pretty happy about it, we could have remained and stayed in the same fucked up state we're in or take a chance where things will either get better or worse but if you ask me we'll start getting better, a rough start for sure but in the long run we can start to prosper again


Your currency has already fallen twice as far as it did during the 2008 economic crash and like the 2008 crash you're sending shockwaves through everyone else's markets too. So you're not jusy fucking up yourselves. Don't expect much endearment when trying to renegotiate those trade deals. The economic consensus is that your GDP is screwed for the next 15 years minimum.

So just how long of a run are you willing to go on? -.-

We haven't even seen the full scope of the damage yet. Wait till the US stock market opens.

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29 / M / Australia
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Posted 6/23/16
To be fair to the Brits wanting out of the EU, could you blame them?

http://www.dailymail.co.uk/news/article-3655533/Now-EU-wants-rights-robots-Machines-allowed-trade-money-claim-copyright-force-owners-pay-pension-new-proposals.html

Incoming Pensions, Sick leave, Yearly Salaries to.....

ROBOTS!!!
Kintor 
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Posted 6/24/16

theYchromosome wrote:

As an American, I'm proud of you guys. Now, if only Arizona would leave the American Union. #Arxit

Unfortunately, when stock markets are built on speculation rather than value investing, you're going to get big changes like you're seeing now. Once the bankers stop shitting their pants for a bit, things should even out. It's not like some disease has ravaged the world's cow population or anything. It hasn't been long enough for real productivity to be affected. Trade loss is a real concern, and we will have to see how that works out. There are real dangers here, but I wouldn't worry about the stock market at this point. Mass hysteria tends to skew things a bit when investing is primarily speculative.

Yeah, most of the current turmoil on the global stock markets is simply due to rampant speculation. Many big firms and hedge funds made some poor investments in the hours leading up the UK Vote, they all believed that remain was going to win and acted accordingly. Some companies even hired people to preform private exit polls, all of which told them that remain was certain to win. Of course, the flaw in that plan was that there's no precedent for this sort of EU referendum, making any predictive algorithms almost entirely worthless. Once the speculation plays out the stock markets should stabilise again.
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Posted 6/24/16 , edited 6/24/16
I love how Americans think we're all in love with Queen and you say it like its an offence?

I personally cant stand the royal family, i'd rather have gotten rid of them than leave the EU...
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Posted 6/24/16 , edited 6/24/16
The UK may probably dissolve at this point. I imagine Scotland will want to leave, as one of the strong points to reject the independence referendum was staying in EU. Northern Ireland was also mostly remain, so maybe something will happen there too.

I'm reading that a second Scottish referendum is likely.
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Posted 6/24/16

runec wrote:


jaragnaros wrote:
I'm feeling pretty happy about it, we could have remained and stayed in the same fucked up state we're in or take a chance where things will either get better or worse but if you ask me we'll start getting better, a rough start for sure but in the long run we can start to prosper again


Your currency has already fallen twice as far as it did during the 2008 economic crash and like the 2008 crash you're sending shockwaves through everyone else's markets too. So you're not jusy fucking up yourselves. Don't expect much endearment when trying to renegotiate those trade deals. The economic consensus is that your GDP is screwed for the next 15 years minimum.

So just how long of a run are you willing to go on? -.-

We haven't even seen the full scope of the damage yet. Wait till the US stock market opens.



It's going to get worse before it gets better, you can either act like it's the end of the world or help out, I choose the latter
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Posted 6/24/16
Does "Selling England by the pound" fit here

prolly the only time I'll ever get to reference a Genesis Album
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Posted 6/24/16
I think if you want to scream at the heart of the world and claim a nationality you should put on your big-boy trousers of sovereignty.
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Posted 6/24/16
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20 / M / Bundaberg, Queens...
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Posted 6/24/16 , edited 6/24/16
Now the AUD is going to drop...because the british don't give a shit about the impact of their choices on others.

All i can see them as is selfish and have hate for them
Dutch Moderator
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Posted 6/24/16 , edited 6/24/16
To be fair, there's really only a few things I'm genuinely worried about.

- Traveling to the UK from the EU, will it become more tedious or will a treaty still make it possible for members of the EU to travel freely to and from the UK.
- Importing goods from the UK to other EU countries, will it be taxed again as if I am importing goods from outside the Union?

Lastly; Will the United Kingdom stay united with this result?
I already hear that Scotland and Ireland are, let's say, less than happy with this result.
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29 / M / Australia
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Posted 6/24/16

Ryulightorb wrote:

Now the AUD is going to drop...because the british don't give a shit about the impact of their choices on others.

All i can see them as is selfish and have hate for them :P


If your worried about this, I'd hate to see your response to a possible Trump presidency and the hypothetical effects it could have on our nation.

The British decision will effect the world economy's yes, but the US presidential elections will effect the economy and the security of the free world.
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Posted 6/24/16

George_z wrote:

To be fair, there's really only a few things I'm genuinely worried about.

- Traveling to the UK from the EU, will it become more tedious or will a treaty still make it possible for members of the EU to travel freely to and from the UK.
- Importing goods from the UK to other EU countries, will it be taxed again as if I am importing goods from outside the Union?

Lastly; Will the United Kingdom stay united with this result?
I already hear that Scotland and Ireland are, let's say, less than happy with this result.


Word is that Scotland want a referendum and NI want a referendum to split and join Ireland.
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Posted 6/24/16
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