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Comments
Now they're putting out the true futures and Britain is actually in a very healthy
State.
In fact several reports have pointed out that the markets and money men are worried
About the strength of the Euro, when Britain leaves.
http://www.bbc.com/news/uk-politics-eu-referendum-36641046
Sorry, Pussy, that's rubbish. We all can see where pound is headed:
http://www.bbc.com/news/business-36636853
Talk in the City is they had to push hard to keep it from falling further and a lot of short sellers have it in their sights. This will only stop once they find some guy to head over to Brussels and start talks fast.
Things will stabilize at a lower sterling trade weighted level, which will benefit exporters, but not consumers (not necessarily a bad thing). There will be an inflation impact, and interest rates will have to go up (eventually but not for some time yet).
Residential real estate will hold and may in fact increase because it will become cheaper to foreigners. Commercial real estate is a different matter.
Gloomy Glenda's will wonder what, you were getting your knickers all
Bunched up over.
Some people grasp the future, others sit in the corner, telling the rest of
Us why it won't work. :))
Leaving the ERM was not comparable to Brexit.
As a result of Brexit the UK corporate pension deficit has widened by £80 billion overnight - that's 10 times the UK's annual EU budget contribution. Good luck any one with a private sector pension...
The challenges ahead are much more serious this time. Expect a recession and job losses. ERM departure actually gave the UK economy a boost - that's not going to happen this time.
Most people are saying the collapse in the FTSE 250 represents a stockmarket crash.
Just the start of things to come.
The same people who said the economy never looked better, hardly a week before the 2008 crash happened? Why do they suddenly know a thing that might happen on the market?
Well that ensures they will disappear into the night when they have not one seat in the house. If you look at the likely lib/dem seats they almost all voted by a majority to leave.
Firstly in 2008 when the last financial f**k up happened the FTSE250 was worth 9,000 points approx the month before the crash, if you'd invested then & sold today you would still have made 6,000 points on your money, however had you invest after the crash you'd have almost tripled your money selling last Friday.
Shall I give you a simplified insight into how the markets work which by the way are nothing more than numbers on a computer screen in reallity, because they have no true value other than perception, the large hedge fund managers & inverstment bankers have sold their positions in strategic stocks, probably put it in gold looking at the price increase, they have let this big event have the effect they predicted, ie self fulfilling prophecy, meanwhile the pension fund managers who are usually a bit slow off the mark & believe the whole system is pukka, see it's all going to hell in a hand cart as predicted, panic ensues & the great sell off starts thus getting a sh*tty deal for their companies fund & forcing the price lower, the fund managers & investment bankers then step back in as they won't let the market collaspe completely, not in their best interests, they'll then decide what the bottom line is & start buying again, hay presto when the stocks come back up again they'll sell & make a bloody fortune, but the pension funds you, I & many other's have given our money too will be worth a lot less.
'It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another' - Gordon Gekko
Give me a hug @Getafix. A tight one :-* .
But no kidding, I actually agree with you. Here in The Netherlands pensions are becoming much harder to finance, due to the fact that pension funds are directly related to the stock markets.
What you are saying about British pensions is indeed a very worrisome development.