Share market recovered in Asia

IF wishes were horses...

comment by ABU, (U8613)
posted 14 minutes ago
IF wishes were horses...
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Muffles would still have to walk home

ABU

You seem to be almost revelling in the fact that country is in utter turmoil. The markets will continue to fluctuate until there is some political and economic stability. They wagered on a Remain vote and lost. This was reflected in the recent losses and the value of the pound.

However the full impact of the Brexit will not be known until the actual process (article 50) is triggered. It will take months (possibly a year) to sort out the legal landscape before trade can start to be addressed.

I don’t think you really have grasped the severity of the situation.

Stuart,

Yes, i do. But, this country has gone through many turmoils. Few years back, we bailed out 15 financial institutions at a whopping cost for the tax payers.

We shouldn't be depressed, that puts us in a vulnerable position for the next step this country going to take. Bygones are bygones.

ABU

So why (given the universal forecasts beforehand) do you think it will be beneficial to put the UK through another recession?

Many parts of the country that relied on EU funding will lose it, and with a shrinking economy, and less assistance from Westminster, do you think this will benefit or disadvantage the most deprived parts of the country/public services etc?

comment by What would Stuart Pearce do? (U3126)
posted 1 hour, 43 minutes ago
ABU

So why (given the universal forecasts beforehand) do you think it will be beneficial to put the UK through another recession?

Many parts of the country that relied on EU funding will lose it, and with a shrinking economy, and less assistance from Westminster, do you think this will benefit or disadvantage the most deprived parts of the country/public services etc?

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For someone pro remain (voted remain) and anti Cameron......

ABU is a mixed message! I have an image of Alf Garnet in my mind

Stuart,

Given the exponential rise in the housing market, Britain would have seen a recession in a year or two anyway..

We are all talking about this rubbish of EU funding our projects, where do they get money from? Of course, it has to come from the pot we put in..

See, we would have enjoyed a little bit freedom of moving around Europe without any hassles for being in but it's not bad going out as you all feel it is an Armageddon...

Ah the housing boom and now bust cycle that is predicted.
Mortgage rates predicted to rise, people buying houses will more than likely face negative equity.

Brilliant

What are you going to do now? do you have a plan so we can all agree?

ABU

There is no evidence which supports that view (recession).

There was however overwhelming support that predicted a Brexit may lead to a recession.

While many parts of the country get more from the EU than they put in, I appreciate there were parts that did not. This however was mitigated as per the obvious benefits derived from the single market.

Nonetheless 14 out of the last 17 years the UK were net benefactors from the EU.

Going forward, how do you think being outside of the EU will be of benefit. Given financially we will be worse off, not in any way more sovereign, and immigration will be unaffected?