Brexit Begins
Originally Posted by Steely Glint
Countdown to "but you haven't invoked Article 50 yet" being replaced with "but you haven't left yet" as to why Britain isn't facing an immediate post-referendum recession in 5, 4, 3, 2, 1 ...
You really are one of the dumbest guys under the sun, are you?
When the stars threw down their spears
And watered heaven with their tears:
Did he smile his work to see?
Did he who made the lamb make thee?
Given that most of the UK's economic resilience post-Brexit has been attributed to maintained or increased domestic consumer spending we'll have to see what happens when that trend changes.
“Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
— Bill Gates
That and increased exports spurred on in part by lower sterling. Though it was supposed to be a blow to domestic confidence that would cause domestic spending to fall that would cause an immediate post-referendum recession.
Of course that made the mistake of thinking that a nation voting a certain way would cause the voters to panic, when the voters and the consumers are the same people.
It is done.
Twitter Link
Twitter Link
Daily Star at least has its priorities straight!
Keep on keepin' the beat alive!
You and the others (Hazir, Aimless, Loki, since I know Aimless is going to object to the less vague term) left yourselves open to this by the way you've crowed every time you see a single indicator briefly dip and every company openly wondering whether staying is a good idea, since the referendum. If you'd taken the cautious route and limited yourselves to say that while there would probably be some immediate volatility, both up and down, which would not really matter but in the long-term the economic consequences would be very poor (albeit probably not of a "crash" variety) then you'd be on solid ground. But you didn't, in your eagerness to bash the Brits for daring to just want out of your European Project you seized on every little immediate datum in the weeks after the vote. Rand has been doing the same in the opposite direction, of course, but A) you opened yourself to that by your behavior, and B) it's at least understandable for a Brit to be engaged in that kind of wishful thinking because no one wants to suffer that kind of harm. Your malicious glee to see that harm happen to others, Khend, is less understandable. And does not stir the least bit of sympathy.
Last night as I lay in bed, looking up at the stars, I thought, “Where the hell is my ceiling?"
I think perhaps I'll wait for you to revisit my posts from those exchanges before commenting.
“Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
— Bill Gates
The thing with schaudenfreude (a brilliantly German word) is that if the others aren't feeling pain it looks rather silly. Whereas having a sunny disposition is just rather natural.
As Indeed in the same way is being concerned like Eg Tim has been here. But there is a world of difference between concern and sadism.
I think to be fair you've been rather pessimistic for us and negative but not actually seeking pleasure from it in the same way as Hazir and Khen especially, but Loki a bit too have been.
Moral of the story: markets are stupid in the short-term, especially when they have access to very little information. See the US stock market spike after Trump's election.
Hope is the denial of reality
I'm actually really curious about the Teletubbies story.
"When I meet God, I am going to ask him two questions: Why relativity? And why turbulence? I really believe he will have an answer for the first." - Werner Heisenberg (maybe)
The actress did a lesbian sex act/scene on the show Metrosexuality.
"In a field where an overlooked bug could cost millions, you want people who will speak their minds, even if they’re sometimes obnoxious about it."
Dude. Spoiler alert!
"When I meet God, I am going to ask him two questions: Why relativity? And why turbulence? I really believe he will have an answer for the first." - Werner Heisenberg (maybe)
They certainly can be but you didn't treat them that way. You treated every negative indicator as the omniscient invisible hand wrecking its swift and proper retribution while treating simultaneous positive indicators as idiocy. Both were normal volatility in the face of little information and an unpredictable future, not market corrections as a result of bad policy-making. Such may yet come but you opened yourself to this behavior by Rand by your previous attitude.
Last night as I lay in bed, looking up at the stars, I thought, “Where the hell is my ceiling?"
The funny thing is I'm not even claiming that everything is guaranteed to go well or without a hitch. I've acknowledged all along there are risks and there is uncertainty ahead. I've just decided to be optimistic and believe that on the balance of probabilities that things will go well in the end. While making fun of the hyper doom mongering like claims of an immediate post result recession.
Yet that makes me the extremist? It's ridiculous.
Yes, that was dumb.
Hope is the denial of reality
Aaaand the first one of the banks to open the ball is ... Lloyd's.
When the stars threw down their spears
And watered heaven with their tears:
Did he smile his work to see?
Did he who made the lamb make thee?
[nitpick]Lloyd's of London [the insurers], not Lloyds Bank which is a completely unrelated bank.[/nitpick]
Less than a hundred jobs going to a subsidiary, not bailing.
A hundred here, a hundred there and pretty soon you're talking big numbers.
When the stars threw down their spears
And watered heaven with their tears:
Did he smile his work to see?
Did he who made the lamb make thee?
I dare you LF to point out anything I said that would back up your story, besides my pointing out that the value of the Pound dropped like a ton of bricks once the out vote got the uppper hand. Other than that I have repeatedly tried to explain to Randblade, that the poison of not being inside the single market isn't about tariffs but about interrupted supply chains, of which we have none so far because there are still no impediments to shipping parts and ready products accross borders inside the EU. That would be my rant about the 10% tariff on cars being irrelevant if you can't actually build a car to sell.
Congratulations America
"In a field where an overlooked bug could cost millions, you want people who will speak their minds, even if they’re sometimes obnoxious about it."
Well, if you have a choice to simply move to Berlin or Amsterdam for a job why would you put up with getting a work visa. Or dealing with a home office that doesn't even try to appear decent in its dealings with foreigners?
Congratulations America
I'm more interested in the Queen's sword skills
Anyway, now the clock is ticking so let's hope a decent deal can be found that benefits both sides.
Keep on keepin' the beat alive!
I know that's the polite thing to say. But what if the interests of both sides are incompatible?I'm more interested in the Queen's sword skills
Anyway, now the clock is ticking so let's hope a decent deal can be found that benefits both sides.
Congratulations America
Then of course I selfishly hope that at least my side is hurt the least
It's not just politeness though. Losing a lot of trade with the UK will hurt us too. Sure it will likely hurt them more than us but that ship has sailed, I prefer the best outcome from the current position. And yes, I do realise that a too 'lenient' deal could undermine the EU (which I do not want) and that contrary to the belief of some the negotiations are not just about trade.
And more practical it would cause a lot of headache at my work, we have British employees and (critical) suppliers, and it is if course a market for us but if they don't accept CE mark we're probably not going to sell anything there (being a fan of our product I'd say that's also a big loss for the UK of course).
I guess it was politeness that made me post it though but only because I felt it is polite to day at least something in topic
Keep on keepin' the beat alive!
Agreed. A decent deal should be achievable for both sides to benefit on matters such as trade and security.I'm more interested in the Queen's sword skills
Anyway, now the clock is ticking so let's hope a decent deal can be found that benefits both sides.
A great deal on those matters is in place.
Congratulations America
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