Quote:
Originally Posted by Error404
Funny I've noted today how many people only seem to like democracy when it suits them.
|
Bingo.
You know I've for the first time since joining facebook (far too long ago) I've gone and deactivated my account. I simply couldn't stand the bile, hatred, insults & doom & gloom being spewed by those friends in the remain camp.
Nearly 80% of the eligible voters turned out, a record in modern times and we should see that as a positive thing.
Yes the markets took a tumble today but that's more due to traders guessing big and wrong. Whenever they guess big and wrong (housing market anyone!) the whole economy goes into kneejerk reaction mode.
Putting it into perspective for a second, when the ftse opened it crashed by an unprecedented margin, but by the end of the day that 8%odd was down to 2.4% and the closing figure today was UP nearly 1% from just FIVE DAYS AGO. This shows that there was a big gamble made in the city of a narrow win for remain and many saw that as an easy flip of their portfolio - it wasn't. It's also up from the beginning of the year.
The Pound is a slightly different matter, again it dipped to a long time low but again rallied a little bit but what helped weigh this down was a combination of Camorons resignation & Sturgeon sticking the knife in (again) before most had even woken for breakfast (despicable woman). markets don't like uncertainty so will always recoil like a todger on a cold swim.
The pound will strengthen again when the markets have a better idea of camerons successor and the (I imagine fairly quick) election. That just leaves the question as to how much the EU will want to spank the UK for being a defiant naughty little boy, knowing that a soft touch will quickly lead to refenda in The Netherlands, France & Italy to start with they will want to throw every nasty thing they can at us, knowing all the time that whatever trade barrier they try and put up will hurt them more than us. At best for the EU is a pyrrhic victory, at worst and more likely it's the destruction of the political EU as it currently stands hopefully to be replaced with a free trade area in the vein that the EU was originally set up solely to do, which is why I chose leave.