meanwhile in the actual world not the world of guesswork and supposition the footsie is above pre brexit levels
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https://twitter.com/AlexWhite1812/st...94632295649280
Not sure who this guy is, but hes ruined my evening
meanwhile in the actual world not the world of guesswork and supposition the footsie is above pre brexit levels
http://blogs.spectator.co.uk/2016/06...brexit-debate/
I've noticed this since Friday morning.
But, unfortunately, not only the BBC. still peddling 'consequences' and its 'remain' bias.
I noticed for example they quoted the FTSE 250 which had fallen further than the FTSE 100, the universally accepted stockmarket measure. The fact that the FTSE was UP on a week earlier wasn't mentioned. All negative stuff propagated.
Tune in to a Brexit debate on Radio 5 Live and after 20 minutes you feel like topping yourself. They should promote Private Fraser to special correspondent.
You're being very selective in what you choose to read to watch/listen on the BBC. I'm no fan of their impartiality but they seem to be reporting the stock market and currency movements very fairly and regularly. As a for instance:
http://www.bbc.co.uk/news/business-36660133
Nah, he's the voice of complacency. He had the nerve to have a dig about gold's performance the other day. I have urged him and anyone else around here to invest some of their hard earned into real money to help protect themselves from these terrible fiat currencies. But he never listened and probably never will. Gold's up 200% versus his beloved pound in the last ten years and it'll smash it to bits in the years ahead.
Last edited by Wales-Bales; 29-06-16 at 21:57.
If Britain fails then Russia will take over Europe, so it's never going to happen. As I see it a few globalists are a bit peeved cos we pissed on their chips.
I'm not a crystal ball owner but don't need to be to imagine you in the not too distant future staring gloomily into your glass of lager, that you've made last for an hour and a half, whilst sat in the less than palatial surrounding's of Llandaff's Pineapple boozer when wishing you'd taken my advice.
Incidentally, the criminal price suppression of gold and silver by bullion banks (proxies of the western central banks) is now a fact and not some whacky conspiracy theory. http://www.reuters.com/article/deuts...-idUSL2N17H1IA
The EIU is totally reputable.
Everyone is jumping the gun a little here. The effects on the real economy won't be apparent for some time - think months. And things won't have their full effect for years. So there is little comfort to be drawn from pointing out the FTSE 100 is about the same as it was some months ago. A better indicator of the sentiment around the UK economy is the FTSE 250 anyway. What is of more interest is bond yields, the exchange rate and the price of gold. They are all suggesting the outlook for the UK economy is grim.
Don't pay too much to the recent rise in the exchange rate above its 31 year low either. IMHO it's a dead cat bounce. Some of the small upward movement is fueled by speculators taking profits and some is the fact that UK equities looked cheap and so foreign investors need GBP to buy them. I think $1.24 is a little too low but once higher interest rates and and inflation kick in the PPP rate is likely to shift to below its previous level of $1.43.
The really, really grim scenario would be if the EU says goods can trade freely but in exchange for migration controls services are not passported. Then everyone better start saving rain water and growing their own vegetables.