Brexiters are blaming Project Fear for the economy tanking - suggesting that all the negativity from the likes of Mark Carney are the root cause of all this.
Brexit and Financial Markets
- Thread starter Raoul
- Start date
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
So originally it was only a temporary blip which was expected by Brexiters, as it becomes more and more serious it's everyone else 's fault yet again - have we got news for you Brexiters, the collapse of the British economy will be entirely your fault , a legacy for your children and grandchildren and we are only at the start, congratulations.
£ is tanking again.
Potentially two recessions in my working life by the age of 30. Yipee.
I'm looking at October/November for a likely time when it starts.
At least we've taken back control..
I've been looking at Persimmon myself. Yield now at 8.45% based off their last dividend payment, but it sounds like that was given a one off bump due to good results. I'd be buying within my SIPPS where I'm generally looking for a good yield that I can sit on for years without having to worry about and constantly be keeping an eye on. From your own research, do you think it'd at least offer a 5-6% yield at the current prices?You're probably in the wost two sectors. Not laughing too hard, my Barclays and ITV shares have been utterly battered.
The housebuilders have to be a buying opp soon. Another big down leg today. Might check out the balance sheets of Berkeley, Persimmon and Bovis etc...tom. On a three to five year view, they have to be tempting. Unless no immigrants, no housing...
I'm also working off the assumption that a steady flow of immigration will be inevitable if we're to strike any sort of remotely favourable trade agreements.
In fairness there will be a recession if Brexit didn't happen either. In this case it is just expediting it imo.
Why?
Because we are nearing the end of the post financial crisis business cycle and global GDP is slowing down, which will result in a standard recession.
Not sure i agree with that tbh.
There are a few things to look at within the sector. The yields are now obviously so high because the share prices have been so badly battered. I've no idea what the different companies' dividend cover is tbh. I also need to look at their geographic exposure too- you'd have to imagine that a predominant Southeast focus will continue to be favourable.
Was speaking to a fund manager the other day and he was saying that land price inflation has massively (and unusually) lagged house price inflation, which has sent housebuilders' margins through the roof. Dunno if that trend will continue.
Do you think stock markets and GDP never go down ?
Don't be so fecking patronising, your supposed to be better than that.
Or rather, maybe come up with a thesis to support your position ?
Whats the point if you are going to respond with pathetic patronising posts?
I promise not to if you put forth a vaguely coherent case.
Nah, you carry on thinking you are much smarter than everyone.
I actually thought you were one of the good posters on here.
Very well then. You've basically said nothing to build a coherent case, which I'm sure exists.
I dare say it's probably for the better that it happened now rather than a few year or two down the line. Consumer borrowing and house prices were just going up and up which was only going to make things worse.
In both cases I'm not sure how Europe gets out of this dependency on low rates to support growth. China and Japan faltering further will be serve as another kick while we're down.
Not that I'm saying Brexit was a good thing.
It has been predicted for the past couple of years now.
https://www.theguardian.com/busines...-emerging-economies-eurozone-stability-report
http://www.telegraph.co.uk/finance/economics/11983690/global-recession-trade-growth-warns-oecd.html
So looking for work just got a lot harder?
I can only appologise for having the temerity to mildly disagree with your prediction.Very well then. You've basically said nothing to build a coherent case, which I'm sure exists.
Whether there is a recession or not is fairly irrelevant. A recession does not just affect one country - so if you start a recession near the top of the pile you're more likely to come out of it quicker, if you start near the bottom of the pile where the UK is now heading then you take longer to come out of it .
Thanks - much more constructive response than @Raoul was able to muster.
The pound is in free-fall with some predictions of it being below parity with the USD before the end of the year.
Whatever IMF predictions about a forthcoming WORLD recession were, WE have caused this. Plain and simple.
Whatever IMF predictions about a forthcoming WORLD recession were, WE have caused this. Plain and simple.
They interviewed someone on CNN the other day who voted Brexit. Now he says he's not sure. I was fuming.
Pound dropping fast again
wasn't his.
the global market slow down was bound to happen. boom/bust. some of my holdings hit 52 week lows in Feb of this year to rebound back prior to black friday. it will cycle through again , it's the nature of the beast.
Ive not said that there will never be a recession again for crying out loud, i know what the business cycle is. I just didnt feel that one was right around the corner.
The markets recovered because Carney and Osborne talked them up.
BofE has made the £150m slush fund available.
But that is nothing in the light of a situation of this magnitude.
Now there is little else they can say to stave off the inevitable.
We are rudderless, plan-less and the markets will slide, and slide and slide.
As will the pound.
All over 3m EU immigrants - at least 90% of whom were working and contributing to our GROWING economy.
Farage, Johnson and IDS are nowhere to be seen in terms of sorting this mess out.
Gove is only in it because he wants to be leader.
Brexiters have been duped by the oldest trick in the book that if you make the rich poorer, the poor get richer and by the narrow minded argument that 'those foreigners are taking all our jobs'.
Our economy will now shrink - big-time.
Confidence and investment will dry up
Unemployment will rise exponentially.
In response the government will look for savings and benefits will be cut even more savagely than they already are. Go figure dumb-asses.
Prices will rise because the pound will be weak and we import much more than we export. So your weekly income (earned or otherwise) will buy even less.
Life is going to get a damn site harder - but don't rely on fags and booze for any comfort because they will be raped, tax-wise, beyond recognition.
Holidays abroad will be 30% more expensive.
And all this will last for at least 5 years which will be the MINIMUM time it will take to sort out trading deals that even remotely approach what we had before.
Well done morons.
BofE has made the £150m slush fund available.
But that is nothing in the light of a situation of this magnitude.
Now there is little else they can say to stave off the inevitable.
We are rudderless, plan-less and the markets will slide, and slide and slide.
As will the pound.
All over 3m EU immigrants - at least 90% of whom were working and contributing to our GROWING economy.
Farage, Johnson and IDS are nowhere to be seen in terms of sorting this mess out.
Gove is only in it because he wants to be leader.
Brexiters have been duped by the oldest trick in the book that if you make the rich poorer, the poor get richer and by the narrow minded argument that 'those foreigners are taking all our jobs'.
Our economy will now shrink - big-time.
Confidence and investment will dry up
Unemployment will rise exponentially.
In response the government will look for savings and benefits will be cut even more savagely than they already are. Go figure dumb-asses.
Prices will rise because the pound will be weak and we import much more than we export. So your weekly income (earned or otherwise) will buy even less.
Life is going to get a damn site harder - but don't rely on fags and booze for any comfort because they will be raped, tax-wise, beyond recognition.
Holidays abroad will be 30% more expensive.
And all this will last for at least 5 years which will be the MINIMUM time it will take to sort out trading deals that even remotely approach what we had before.
Well done morons.
greece , spain , italy , GB leaving the EU. china , the nikkei getting prison fecked , brazil , argentina. oil prices. FFS it is happening in a way now.
the pound is 1.28
Ok.
not really. depending on your age you need to look at your investments.
aye. fecking pensions better be the first thing that's cut.
Is economic stability too much to ask for? Just want to get on with things.
Smart money going to gold and silver. Same as 2008/9.
exactly. going to have another 5 years of a shit job market, lay offs and low to no wage rises. i really hope pensions and benefits for anyone except the disabled get cut to shit so the ones that voted for this get some pain too.
The pound is still tanking, about to drop below 11 Swedish Kronor to 1 GBP... insane.
Every cloud I guess....
Every cloud I guess....
Yeah the only thing about a weak pound is that it boosts the tourist industry - but oh! We are looking to make it harder to get in here. Fecking lunacy.