Smart, rich people with lots of assets hedging their bets.
Wow, there could almost be an industry created to manage that. Oh, wait...
Wow, there could almost be an industry created to manage that. Oh, wait...
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The greatest trick the devil ever pulled was convincing the world that he didn't exist -
So who are we to believe: Billions of pounds taken out of the British economy amid fears of Brexit | UK Politics | News | The IndependentOriginally posted by Flashman View PostSky News makes the BBC look good.
Capital is not fleeing Britain because of Brexit - FT.com
"...the evidence to date for rampant capital flight from Britain or its banks is feeble. .... the apparently large flows mostly reflected the clients of British banks taking out insurance against a large drop in sterling....
There was no overall drop in deposits in UK banks in March, but a £10bn rise. If capital was fleeing the UK, we would see the opposite, as we did in Greece last year. People appear to be happy with money in British banks, but don’t necessarily want as much exposure to sterling at a volatile time.".“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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The newspapers are not printing for jest. Some cash has obviously left the UK because of perceived risk. And it's not the normal betting. This is capital flight in progress.
Just look at Greece to see what the outcome will be. Expensive everything and everyone broke. Prepare yourself."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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