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Nimbus

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    Brexit.

    in General Discussion

    Posted

    1 hour ago, Rooke said:

    It’s a short term shock. What you’re looking for is whether there’s a recovery/correction or a continuation. Money is lost and regained on the stock market fairly quickly. Investors are just holding off to see what the UK's financial situation will be like. Economists are split (like always) on whether a British exit is a good or bad thing long term, I suppose we'll find out. Also the falling British pound will help British exporters (who have been complaining for a while.)

    David’s resignation was an internal party stoush/power-struggle between the moderates and the conservatives. This was always on the cards, everybody knew Johnson wanted the top job. Just like the Labour leader, Jeremy, has been weak for a long time now and people have been wondering how long before he’s deposed. People elect a party, the party elects the leader, it won’t matter too much except the conservatives will have more of a voice with Johnson in power. Australia’s done this a few times in the past few years and nothing untoward has happened to us. Unless you’re America and have the people directly elect your head of State, then this isn’t cause for panic.

    Mark Carney is trying to cut off an unjustified panic, which is kinda what you’re doing at the moment :P It’s all about settling investors’ nerves. There’s nothing to indicate the financial sector is going to collapse like in 2008, where a number of financial institutions fell. The sooner things settle down, the sooner the stock market settles, and the sooner companies return to investing in the UK.

    5 Prime Ministers in 5 years specifically. We've actually got an election next month so we're batting for 6.

    Birthday thread

    in Members' Lounge

    Posted

    Thanks for the messages everyone. 

     

    On 6/22/2016 at 10:41 AM, Fred the Barber said:

    Happy birthday, @Nimbus. I bought you a copy of Steins;Gate, but the package came back labeled "return to sender".

    Try again, but next year don't embarrass yourself. 

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