Reply to: *Official* Post Brexit recession thread

[Old Greg]

The markets were never really the problem, althought the pound is certainly permanently lower.
It's the uncertainty that will last for several years about the realtionship with the EU that will cause the problems.

Unemployment and its variants will be the ones to watch.

[CretinWatcher]

FTSE 3% up now.

The Markets have had a good dump and feeling much the better for it now.

The markets were never really the problem, althought the pound is certainly permanently lower.
It's the uncertainty that will last for several years about the realtionship with the EU that will cause the problems.

[Flashman]

FTSE 3% up now.

The Markets have had a good dump and feeling much the better for it now.

[Old Greg]

Here is a graph showing the UK stock market since 1900 its seen numerous world wars and a real live honest to god depression...

http://stockmarketalmanac.co.uk/wp-c...RY-2014_01.png

For **** sake stop crying you're going to bounce back eventually...

Moving to Anger. Very good.

[OwlHoot]

2016-06-27 The Brexit divide wasn’t between young and old, but Ponces and Non-Ponces

For self-proclaimed ‘progressives’, what a bunch of doom-mongering, curtain-twitching, tut-tutting stick-in-the-muds they’ve proved to be! For this Remnant Zombie Army, out to do in our brains with their bed-wetting ways and bleats for more referenda until they get the result they want, everything that goes wrong over the next few months – the weather, the football – will be Brexit’s fault. And yes, it will be irksome at a time when this country needs to put its best foot forward and proceed with the merry dance of freedom. But I’m not worried that they’ll do us much harm in the long run – because, basically, they’re such a bunch of ponces.

We have been told that the vote – and the nation – is divided between rich and poor and young and old but frankly I believe that the biggest divide was between Ponces (Remain) and Non-Ponces (Leave). When I use the word ‘ponce’ I refer not to the gayers (bless ‘em) but to people who really believe that they are inherently better than others. ...

So true (well, up to the greyed out bit anyway )

Can't remember if I approved of Julie Birchill before, but I'm definitely in her fan club now.

and some of the comments below the article are hilarious:

My FB feed was chock full of similar stories: "I'm in tears, my 5 year old asked me [insert implausible story], and all I could say to comfort them was 'it's the end of the world darling, we're all going to die now'".

I did notice a distinctly interesting trait amongst the loudest of wailers: none of them were bilingual or had ever worked (if at all) or lived anywhere but in the UK. Apparently they were all planning on a fabulous new life, living and working in Europe... just as soon as Europe had learnt to speak English.

[bobspud]

Here is a graph showing the UK stock market since 1900 its seen numerous world wars and a real live honest to god depression...

http://stockmarketalmanac.co.uk/wp-c...RY-2014_01.png

For **** sake stop crying you're going to bounce back eventually...

[NotAllThere]

...
He lied to the British people about economic disaster. It just hasn't happened. ...

Give it time.

My UK shareholdings are currently 2.8% down in GBP terms, and 8.5% down in CHF terms. If that's reflected across the UK economy and remains the case (or worsens) for a few years, then "economic disaster" will be the appropriate phrase.

However, not for me personally I am happy to say.

[CretinWatcher]

ANALYSTS: Brexit will bring recession ... and contagion - Business Insider

No those are "experts". You don't want to listen them. Listen to a clever English Lit graduate who knows everything about everything

[BlasterBates]

ANALYSTS: Brexit will bring recession ... and contagion - Business Insider

[Old Greg]

Awww....poor sulky chops. He won't even be Chancellor in a couple of months.

He lied to the British people about economic disaster. It just hasn't happened. He backed away from the emergency budget.

The FTSE 100 is back over 6100. 500 pts higher than in Feb.

Your knowledge of markets and general economics is at best minimal.

Admit that you are well out of your depth and go back to mumsnet, although they haven't done anything to deserve you.

I'm no good at markets at all. How is the FTSE 250 doing over the last week or so in USD terms?

[FatLazyContractor]

Your knowledge of markets and general economics is at best minimal..

Why don't you go and sort all the mess in markets out with your superior knowledge of economics then?

[CretinWatcher]

He lied to the British people about economic disaster. It just hasn't happened. .

You're right. It hasn't "happened" yet. It's in the process of happening ....

[GB9]

I must have been watching some different news to you.
What did you expect Osborne to say? "Paniccccc!!"?
He has said there will be tax rises and spending cuts though.

You really are a complete bone-headed idiot.

Awww....poor sulky chops. He won't even be Chancellor in a couple of months.

He lied to the British people about economic disaster. It just hasn't happened. He backed away from the emergency budget.

The FTSE 100 is back over 6100. 500 pts higher than in Feb.

Your knowledge of markets and general economics is at best minimal.

Admit that you are well out of your depth and go back to mumsnet, although they haven't done anything to deserve you.

[Old Greg]

Does this recession affect prostitution?

MF only accepts USD now.

[original PM]

Does this recession affect prostitution?

No but rather than having a twenty something eastern european for £50 all you may soon be able to get is a 40 something saggy slapper.

Not that that will bother you I guess.