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| Quote ="Roy Haggerty"That's just not true. In fact, the reverse is true. Property funds are either closing (not allowing investors to withdraw money), or significantly writing down their value.
[urlhttps://www.theguardian.com/business/2016/jul/08/commercial-property-prices-brexit-clauses-ubs[/url
'"
That's why I said when current jitters subside! If the pound stays low there will be good opportunities for overseas investors in a few months time. That said, I think the market peaked a few months back - rents being demanded too high, tenants leaving and new tenants not being found. Also, in London the tower crane test makes it looks like we have peaked - they are everywhere - which normally signals a big market fall.
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| Quote ="Roy Haggerty"No. Not a balance. Something like 50% of our trade is with EU countries, so our exports will become more expensive for customers, while the things we have to import will become even more expensive.
Meanwhile, no EU country has that sort of proportion of trade with us. Essentially, we'll take a hit on 50% of our trade, while nobody else (except Ireland) will take anything close to that sort of hit.
This is why the Brexit line about them being desperate for a trade deal was misleading. Of course their exporters will want a trade deal, but their overall economies won't need a trade deal to anything like the extent we will need one. That's a recipe to be stuffed, as we will be much more desperate than they will.
It's also worth noting that there are lots of firms in EU countries who would like very much to have the business which UK firms currently have. They're going to lobby their governments to put up tariffs so that they can force UK firms out of EU markets.
When I heard the idiots like Farage spinning their simplistic lies about foreigners desperate to give us a better deal, I was appalled. The whole reason we joined in the first place was because our economy was shrivelling outside the free trade area, because the French and German firms competing with UK firms were only to happy to erect the highest barriers possible!'"
About 47% (realistically c. 44%) of UK exports are to EU countries. That proportion was 55% at the turn of the century. It's importance is waning. That's where the opportunity lies, already USA, Canada, China, NZ, Australia etc have made noises about signing free-trade agreements with us when we leave the EU. We have a trade deficit with the EU but a surplus with the rest of the world, which again suggests opportunity. Now is a great time to leave and if we go through with it within 10 years we'll reap rewards. The big issue is not leaving but uncertainty due to the political vacuum. Sooner we negotiate and create certainty the better for the real economy and the markets. Simple as that.
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That was a great read and backs up my O.P in regards the bankers creation of unsustainable credit (debt) will be the cause of any downturns, not Brexit.
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That was a great read and backs up my O.P in regards the bankers creation of unsustainable credit (debt) will be the cause of any downturns, not Brexit.
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| In the next few months the EU face a massive problem with the Italian banks. They have billions of euros of bad debt, some of this was left over from the last banking trauma.
We live in extremely interesting but frightening times. Lots of financial and political commentators have pontificated over our EU exit. My main concern is we are in uncharted waters, so we certainly have no previous experience of any outcomes.
I voted to remain, as I suspected it's already costing me a great deal of money. I visit the USA several times a year to visit my family. I am in the USA at the moment the exchange rate is the worst I have ever experienced. Also my retirement investments are mostly in industrial property this value has dropped substantially.
I can't even hold the main culprits to account, Johnson and Farrage have walked away from the mess they have created .
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| Quote ="Backwoodsman"In the next few months the EU face a massive problem with the Italian banks. They have billions of euros of bad debt, some of this was left over from the last banking trauma.
We live in extremely interesting but frightening times. Lots of financial and political commentators have pontificated over our EU exit. My main concern is we are in uncharted waters, so we certainly have no previous experience of any outcomes.
I voted to remain, as I suspected it's already costing me a great deal of money. I visit the USA several times a year to visit my family. I am in the USA at the moment the exchange rate is the worst I have ever experienced. Also my retirement investments are mostly in industrial property this value has dropped substantially.
I can't even hold the main culprits to account, Johnson and Farrage have walked away from the mess they have created .'"
The main disappearance is ' call me Dave ' despite his claims he wouldn't
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| Quote ="bren2k"
Hardly the land of milk and honey that Gove, Boris (he never believed it anyway) and Nige promised?'"
Well of course not. Anyone who wasnt a racist or bigot, or had a simple grasp of economics would have voted remain. Sadly, 75% of our nation are thick and believed what facebook told them. There was absolutely no advantage to voting out at all.
Regards
King james
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| We are not out of the EU and have not even started the process. Quite how people can judge the economic impact if leaving yet is beyond me. People need a sense of perspective!
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| Quote ="Lebron James"Well of course not. Anyone who wasnt a racist or bigot, or had a simple grasp of economics would have voted remain. Sadly, 75% of our nation are thick and believed what facebook told them. There was absolutely no advantage to voting out at all.
Regards
King james'"
Interesting turn of phrase there , but perhaps it takes one to know one
As usual the insults continue just as they did before the referendum
Time will take its course and we will live with both the consequences and benefits , nobody yet knows what they will be , except of course our armchair experts on RL fans
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| Never mind Brexit. Deutsche Bank's imminent collapse is what we should be worried about.
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| Pound surges as news of Leadsom quitting emerges.
[urlhttp://www.belfasttelegraph.co.uk/business/news/value-of-pound-rises-after-leadsom-pulls-out-of-race-to-become-pm-34873430.html[/url
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| Quote ="Mintball"Pound surges as news of Leadsom quitting emerges.
[urlhttp://www.belfasttelegraph.co.uk/business/news/value-of-pound-rises-after-leadsom-pulls-out-of-race-to-become-pm-34873430.html[/url'"
I wouldn't call a 0.25% rise a "surge"
And I have children!
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| FTSE 100 at 11 month high. Countries queuing up to enter trade deals with us, Boeing to create 1,000s of jobs here. Sooner we get out, sooner we can reap the economic benefits.
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| Well so it's PM May , who'd have thunk or predicted that a month ago ?
Reasonably happy with that , she seems to be of the opinion of getting on with initiating Brexit ASAP , which is a good thing IMO , Dave's bottle out had put us in a poor position
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| Quote ="GUBRATS"Well so it's PM May , who'd have thunk or predicted that a month ago ?
Reasonably happy with that , she seems to be of the opinion of getting on with initiating Brexit ASAP , which is a good thing IMO , Dave's bottle out had put us in a poor position'"
May was always the likely PM. I recall at the start of the Brexit campaign the press reporting she was hedging her bets for the leadership by expressing on balance "in" view. She kept a low-profile during campaign. It was all to look loyal, despite her previous Euro scepticism. Establishment candidate who was always the shoe0in if Cameron failed or only narrowly won.
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| i see siemens have changed their mind in the news today, threatening before if we exit and now totally backtraked
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| Quote ="Dally"FTSE 100 at 11 month high. Countries queuing up to enter trade deals with us, Boeing to create 1,000s of jobs here. Sooner we get out, sooner we can reap the economic benefits.'"
Too good to last
Ah well!!
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| I voted to remain in the EU. 2-3 weeks on I'm thinking I may have got it wrong. I'm liking the recent positivity.
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| Yes, the sooner the whingers get over themselves, the sooner we can get on with what HAS to be done.
Please, please, let's be positive and stop talking ourselves down.
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| I too am fed up of hearing people whining about what what might happen and how we should have a second referendum and how it's not legally binding and how the remainers are more superior than the leavers and how the 48% need to protest protest protest with their hand scrawled cardboard plaques. Let's just get on with the process the 52% voted for.
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| Quote ="King Street Cat"I too am fed up of hearing people whining about what what might happen and how we should have a second referendum and how it's not legally binding and how the remainers are more superior than the leavers and how the 48% need to protest protest protest with their hand scrawled cardboard plaques. Let's just get on with the process the 52% voted for.'"
It's one thing to vote to take us all into an economic crisis. It's another thing to demand those who disagree with you stop expressing an opinion. But then, Ian Hislop has already expressed this better than I can.
[urlhttps://politicalscrapbook.net/2016/07/watch-ian-hislops-bbc-qt-rant-on-whether-remainers-should-shut-up-is-just-spot-on/[/url
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| Quote ="Roy Haggerty"It's one thing to vote to take us all into an economic crisis. It's another thing to demand those who disagree with you stop expressing an opinion. But then, Ian Hislop has already expressed this better than I can.
[urlhttps://politicalscrapbook.net/2016/07/watch-ian-hislops-bbc-qt-rant-on-whether-remainers-should-shut-up-is-just-spot-on/[/url'"
No issue with anybody's opinion , but it is just that , an opinion , it isn't fact until it happens , overal I'll just be glad when ' remainers ' stop calling everybody else they disagree with bigots , it seems slightly hypocritical to do so , wouldnt you say
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| Quote ="GUBRATS"No issue with anybody's opinion , but it is just that , an opinion , it isn't fact until it happens , overal I'll just be glad when ' remainers ' stop calling everybody else they disagree with bigots , it seems slightly hypocritical to do so , wouldnt you say'"
It would be, and I'm not calling anyone a bigot here.
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| Quote ="Roy Haggerty"It would be, and I'm not calling anyone a bigot here.'"
I wasn't suggesting you have , we ( myself and you ) did manage to have reasoned discussions , others haven't , and still cannot
My post was a generalisation , just as others are doing
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