[Merged]Brexit good news

[CretinWatcher]

Quite. It's amazing how soon the sunlit uplands we were promised has arrived.

[PurpleGorilla]

Quite. It's amazing how soon the sunlit uplands we were promised has arrived.

Well it's not exactly end of the western world is it!

[BrilloPad]

'Shocking disconnect' at FTSE 100 firms as bosses get 10% pay rises | News | The Independent

FTSE 100 charges towards 14-month high as oil gains | City A.M.

The predicted bremainer crash is here!

The rich get richer. What a surprise. We are heading to a golden Victorian era. UK to be the most prosperous nation on earth. And the vast majority living in abject poverty.

[CretinWatcher]

The rich get richer. What a surprise. .

Aye.
And not only that QE is back, hence the stock market rise. Nothing to do with economic fundamentals at all.

If you have a pension and are retiring soon, tough titty.
http://www.cipd.co.uk/pm/peoplemanag...exit-vote.aspx

Still those are the turkeys who voted for Christmas, so fook 'em.

[Old Greg]

FTSE 100 is pretty irrelevant as it's largely an international index and the index would be expected to rise as GBP falls.

Consumer spending is interesting and worth watching a hopeful indicator. Perhaps if the nation can all pull together and keep spending, it will make the most of the increased competitiveness opportunity that arises from the slump in manufacturing, construction and services output.

Spend for victory!

[BrilloPad]

Aye.
And not only that QE is back, hence the stock market rise. Nothing to do with economic fundamentals at all.

If you have a pension and are retiring soon, tough titty.
UK's defined benefit pension deficit hits £900bn after Brexit vote - People Management Magazine Online

Still those are the turkeys who voted for Christmas, so fook 'em.

Help me! A sasguru post I agree with.

The Brexit vote was a protest. At rising inequality(with the immigrants coping the blame). But it will change nothing.

[GB9]

I love this board. Put out a morsel of bait and the economic illiterate come out to dismiss anything positive.

[CretinWatcher]

I love this board. Put out a morsel of bait and the economic illiterate come out to dismiss anything positive.

As opposed to the simply illiterate?

[NotAllThere]

I love this board. Put out a morsel of bait and the marching morons come out to accept anything positive.

FTFY.

(And checking for signs of literacy)

[Old Greg]

I love this board. Put out a morsel of bait and the economic illiterate come out to dismiss anything positive.

I know! Look at this great news here, also from Markit!

http://www.lloydsbankinggroup.com/gl...ss-release.pdf

LLOYDS BANK ENGLAND AND WALES REGIONAL PMI®
:
ECONOMY SEES SEVERE SLOWDOWN AT START OF THIRD
QUARTER
 Output drops in England for first time in over three-and-a-half years
 Most UK regions see contractions in business activity; largest fall in London
 East of England and East Midlands defy broader downturn
 New orders decrease and employment fall as uncertainty hits demand
 Cost pressures build on the back of a weaker sterling
Businesses in England and Wales reported a decrease in output in July for the first time since
2012, according to the latest Lloyds Bank Regional PMI survey.
Uncertainty in the aftermath of the EU referendum hit demand, causing new orders to plunge.
The Lloyds Bank Regional PMI, or Purchasing Managers’ Index, is the leading economic
health-check of UK regions. It is based on responses from businesses in the manufacturing
and service sectors about the value of goods and services produced during July compared
with a month earlier.
England’s PMI dropped from 52.5 in June to 47.4, its lowest since April 2009. A reading below
50 signifies contraction, and the greater the divergence from the 50 mark, the greater the rate
of decline.
The largest decreases in business activity were in London (44.4), the South East (45.5) and
the North East (46.0). Only the East of England (51.0) and the East Midlands (50.9)
maintained positive output growth, though rates of expansion slowed.

The East of England and East Midlands are booming, and the rest of England is becoming even more competitive as output adjusts downwards!