Pounded By The Pound: Turned Gay By The Socioeconomic Implications Of Brexit

The Something Awful Forums > Discussion > Debate & Discussion > Pounded By The Pound: Turned Gay By The Socioeconomic Implications Of Brexit

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
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it's certainly interesting to see the global markets crash in real time

# ¿ Jun 24, 2016 05:33

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# ¿ Apr 29, 2024 11:31

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
Report card like the speed limit

Dexo posted:

Welp

lmao

# ¿ Jun 24, 2016 05:34

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
Report card like the speed limit

Space Bat posted:

Gold is immutable and has inherent value. You should have listened, but did you? No. gently caress you.

lmao at this post

# ¿ Jun 24, 2016 06:08

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
Report card like the speed limit

smell this posted:

he's not wrong you know

what is the inherent value of gold? it's just a less volatile market. If you put your money in bonds it'd be more or less equally well off

# ¿ Jun 24, 2016 06:12

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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e_angst posted:

Now Sky News is saying that S&P will be evaluating if the UK will lose its AAA credit rating.

drat.

EDIT:

In fact, the Financial Times is reporting "Rating agency S&P confirmed that the UK is likely to lose its final AAA credit rating."

lmao this is pretty unreal

# ¿ Jun 24, 2016 06:50

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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e_angst posted:

The US had a slight downgrade from a single agency, and that was also during a time when the US was still the strongest non-Chinese economies in the world (because everyone else was still in the shitter from the financial crisis).

yeah currency in absolute freefall + getting downgraded is bad news

# ¿ Jun 24, 2016 06:56

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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Eifert Posting posted:

I'm blaming this on Cleveland.

What a poo poo show. Almost as if racism isn't the best reason to vote for something.

it wasn't just racism, people on the left and right did genuinely vote leave, it's that they were lied to about the potential benefits and consequences. like leave people thought this was going to improve UK economy somehow.

# ¿ Jun 24, 2016 06:58

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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Jarmak posted:

So if Scottland and N. Ireland vote to gently caress off from the UK and stick to the EU does that mitigate the global ramifications at the cost of turbofucking England/Wales, or does it just make the whole thing worse?

no/yes

# ¿ Jun 24, 2016 07:04

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
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axeil posted:

I hear there are some nice castles for sale.

10 downing should be vacant soon, might be able to get a cheap let

# ¿ Jun 24, 2016 07:05

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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vanbags posted:

I don't really understand this. As an American completely removed from European politics even I couldn't escape headlines about Brexit being a potentially bad idea.

people are dumb and old and don't read the internet. don't buy into the fallacy of everyone being like you. english working class/aging population heavily invested in the idea of exceptionalism/nativism/sovereignty were told that they'd have more money put into local infrastructure and public services if they voted leave.

# ¿ Jun 24, 2016 07:40

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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OhFunny posted:

http://www.investing.com/indices/uk-100-futures

FTSE down -10% and still falling.

UK is so hosed.

Already close to 52 week low

# ¿ Jun 24, 2016 07:50

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
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nerdrum posted:

Whats the chance of the Pound hitting parity with the dollar?

Pretty low. Will probably only go as far at 1.25

# ¿ Jun 24, 2016 07:51

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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OhFunny posted:

When would they halt trading on the London Stock Exchange? They can't let just fall straight off the edge.

might start thinking about it if it touches 52 week low

# ¿ Jun 24, 2016 08:02

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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CommieGIR posted:

Morgan Stanley is pulling out of London.

that's not good.

# ¿ Jun 24, 2016 14:36

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
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democracy is not an end in itself

# ¿ Jun 24, 2016 14:38

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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sassassin posted:

As the pound decreases in value, so does the value of imported foreign labour. British people will be the cheapest option.

there's only 1.7 million people that are unemployed in the UK.

# ¿ Jun 24, 2016 15:41

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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the markets are freaking out because people are trying to de-lever. UK market seems a safe bet to shrink over time. They're not going to take it all out at once, but Scotland's going to leave, NI might, Gibraltar will probably split sov, that leaves England, Wales, and Cornwall, with a weak pound, no access to a single market, and a shrinking economic base when the UK finally pulls out of the EU. So yes, with so much money in the FTSE/Pound, of loving course the markets are freaking out.

This is what happens when you put your economy up to referendum by people who have been hosed by it.

# ¿ Jun 24, 2016 21:14

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
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Viral Warfare posted:

The UK doesn't have to let Scotland leave

lol, this would be interesting.

# ¿ Jun 24, 2016 21:24

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# ¿ Apr 29, 2024 11:31

straight up brolic: Jan 31, 2007; After all, I was nice in ball,
Came to practice weed scented
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Utnayan posted:

I think you misunderstood me. They won't leave those agreements obviously. I was referencing the fact that Norway isn't in the EU (When I said they were) when really the only thing that separates them from being in the EU is a formality when they have all the membership benefits anyway. (Sorry, I apologize for not knowing they weren't in the EU. I just looked at the other organizations and assumed - regardless they still benefit as if they are a member) In this case, it is probably a good thing they aren't officially in the EU. If they were shipped 100,000 immigrants living off their services without the taxation revenue from those immigrants (They simply do not have the jobs and their economy is tanking quickly) it would bankrupt their nation.

like Britain, they have their own currency.

# ¿ Jun 24, 2016 21:48

The Something Awful Forums > Discussion > Debate & Discussion > Pounded By The Pound: Turned Gay By The Socioeconomic Implications Of Brexit