Brexit win - 11 threads into one

[minestrone]

2 hours sleep.

Feel pretty perky it must be said.

[minestrone]

Tim Farron - "People voted for Nigel Farrage's vision." No they didn't (or at least not most of them). They voted to leave the EU.

Completely out of touch.

[WordIsBond]

It's likely to be a good day to buy the pound and to buy UK shares. Never waste a good market panic driven by irresponsible politicians proclaiming doom in the hopes of swaying an electorate, buy now before they have a chance to walk it all back and try to end the panic.

It's also a good day to get out of euros. Everyone is focused on the pound, but the euro is likely to hurt worse than the pound, because there's going to be all the turmoil and worries about who has a referendum next. Nationalist parties will be able to say, "The Brits got a referendum, why can't our voters have their say? What's wrong with democracy?" That will be a vote winner. The EU is going to face a lot of turmoil.

That said, it may still be a good day to get into German shares. Because if the euro breaks up, Germany will no longer be held back by Greece and Italy and Portugal. And I think this means it WILL break up, unless the EU bosses actually learn their lesson and back off on their overbearing meddling -- which would also be good for German shares.

Market turmoil is bad for those who haven't positioned themselves to take advantage of it.

[scooterscot]

Feel pretty perky it must be said.

Well find a room without windows and deal with it. And clean up afters.

[WordIsBond]

Tim Farron - "People voted for Nigel Farrage's vision." No they didn't (or at least not most of them). They voted to leave the EU.

People voted to quit sending money to Europe, but even more, they voted to tell the politicians to shut up and quit telling them that there was only one acceptable way to think about immigration. A lot of decent, fair-minded people have concerns about immigration and they are sick and tired of being told they are racists. They aren't, and they just sent a message -- "Up yours."

I think also a lot of small businessmen are really, really tired of EU regulations, and have told their employees so, and they have good, friendly relationships with those employees. And all the reports about "business" being in favour of remain forgot one thing -- the small businessmen who gain very little from being in Europe employ a lot more people than the big businesses who benefit the most from the EU. And those big businesses are run by people who have no personal connection with their workers, so their employees have no personal incentive to help the boss out.

[FatLazyContractor]

People voted to quit sending money to Europe, but even more, they voted to tell the politicians to shut up and quit telling them that there was only one acceptable way to think about immigration. A lot of decent, fair-minded people have concerns about immigration and they are sick and tired of being told they are racists. They aren't,.

I agree, they are plain stupid.

[WordIsBond]

I agree, they are plain stupid.

Yeah, they are tired of being told that, too. And a lot of them aren't. But even if they were, it's the job of politicians to convince people to support your view, not to insult them for disagreeing. Choose the latter course and you'll pay the price.

[original PM]

I agree, they are plain stupid.

Yes well if you do not like living in a country where the majority are stoopid then feel free to go somewhere else!

[FatLazyContractor]

Yes well if you do not like living in a country where the majority are stoopid then feel free to go somewhere else!

Or send those stupid people elsewhere?

[minestrone]

I wonder when the first person in tears will be on TV.

Cameron's wife?