Brexit?
- Thread starter ps99472
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Closed borders, people in school's outside of UK, etc...all in limbo. Banks will have to relocate jobs, be ruled under multiple regulator environments, etc.
Ready2Downsize
Well-known member
Dollar buys a whole lot more Sterling now.
irvinehomeowner
Well-known member
So for many of you who are smarter than me, why is Britain doing this?
Ready2Downsize
Well-known member
I know a couple people from Britain and they have been complaining in the last year or so of anyone from the EU countries coming in without a visa or work permit, taking jobs, getting welfare and free health care on their dime.
Secondary is they are not happy sending money to Brussels and having it redistributed to whatever Brussels sees fit (like the states here sending money to the feds for whatever they want to do).
And then there are some stupid crazy laws that just kind of get under their skin (like not being able to put tea bags in compost).
Besides that Britain sides with the Gulf states, not Rome and Greece in Revelations.
Secondary is they are not happy sending money to Brussels and having it redistributed to whatever Brussels sees fit (like the states here sending money to the feds for whatever they want to do).
And then there are some stupid crazy laws that just kind of get under their skin (like not being able to put tea bags in compost).
Besides that Britain sides with the Gulf states, not Rome and Greece in Revelations.
nosuchreality
Well-known member
Yawn, it's a 2% day instead of a 1% day.
Lots of money running around, next week, it still needs to go find a new home.
Lots of money running around, next week, it still needs to go find a new home.
Brexit itself won't mean much as far as earnings. The real fear is other strong economic EU members leaving and then countries like Greece, Spain, and Italy won't be able to sell bonds at low yields since the euro will be a weak currency plus no more bailouts. You can see this with German 10yr bunds turning negative and Greek 10yr bonds going up 11% today. I think that the whole issue is overblown. UK doesn't even use the Euro to begin with.
The Motor Court Company
Well-known member
haha no wonder the leave side won.
"The British are frantically Googling what the E.U. is, hours after voting to leave it"
https://www.washingtonpost.com/news...hat-the-eu-is-hours-after-voting-to-leave-it/
"The British are frantically Googling what the E.U. is, hours after voting to leave it"
https://www.washingtonpost.com/news...hat-the-eu-is-hours-after-voting-to-leave-it/
J
jmoney74
Guest
It's going to affect the way they trade with other countries.. There will be a lot of pain before they can recover.
The Motor Court Company
Well-known member
load up BAC? exposure to Britain is less than 10%
Why are people voting for Donald Trump? Smart doesn't always win out. General reason is it is a nationalized move to close down borders (so they aren't forced immigrants through the EU). That is one of the reasons...none of the actual logic behind it is at all well thought out. But there isn't a test to be eligible to vote. It was essentially the older generations who made the call...<50 demographic was largely pro EU while the older demographic wanted out. Unfortunate since it is the older demographic who isn't working, etc, and it is the younger demographic who will be the most impacted by this gigantic mess (although they all will be impacted by their weak currency).irvinehomeowner said:
Closed borders, people in school's outside of UK, etc...all in limbo. Banks will have to relocate jobs, be ruled under multiple regulator environments, etc.