Interesting video about Brexit

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#1582471 29-Jun-2016 10:12

PhantomNVD: Which is the least slanted paper? They all seem to have very strong slants and it's hard to find (at least reasonably) balanced reporting at the moment.

You could look at the BBC website. Seems to cop a lot of flack from the left and the right for "bias" which is probably a good sign, but reportage itself is usually fairly neutral.

For example quoting Osborne verbatim:

"It's very clear that the country is going to be poorer as a result of what's happening to the economy," he said.

"We are absolutely going to have to provide fiscal security to people, in other words we are going to have to show the country and the world that the country can live within its means."

Asked if that meant tax rises and spending cuts, he said: "Yes, absolutely. But that decision will come under a new prime minister - it's obviously not possible while the Conservative Party is having a leadership contest."

Good graphic of the leaving process thanks to the BBC:

Fred99

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#1582479 29-Jun-2016 10:24

And an afterthought to media bias, perhaps the reason that the older and less well educated classes strongly favoured Brexit, while the young and successful favoured remain is an indictment on lack of neutrality in the print media, as older less well educated folks tend to read printed newspapers, younger people tend to read news on line - which can give access to a much broader range of opinion locally - as well as globally.

tdgeek

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#1582500 29-Jun-2016 10:56

Fred99:

tdgeek:

issue with either side. But who are the bigots?

What? Here in this forum, in the UK?

You want me to name them? Surely not.

You said "

There's now a real possibility of a vote by the public on a "new deal" with the EU by way of a second referendum, or a dissolution and new election. Rumours of this have seen the GBP rise and financial markets recover.

Hope it's true. Bigots won't like it. Would be good to see an attempt at true democracy instead of that knee-jerk post-factual pseudo-democratic trash UK media led BS referendum."

Which seemed to imply that those who voted to leave are all bigots, just seeking clarification

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#1582509 29-Jun-2016 11:12

I wonder when Merkel said she will treat UK like Greece ...

If UK decides not to leave, and does not invoke article 50 after 24 months, but still wants to stay, these could result:
- Demise of the GBP
- And some other harsher conditions imposed

Fred99

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#1582510 29-Jun-2016 11:12

tdgeek:

Which seemed to imply that those who voted to leave are all bigots, just seeking clarification

Oh please. It's completely ridiculous to suggest that's what I implied. Would you like me to explain that more simply?

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#1582528 29-Jun-2016 11:35

PhantomNVD: Which is the least slanted paper? They all seem to have very strong slants and it's hard to find (at least reasonably) balanced reporting at the moment.

Not a paper, but I find the Al Jazeera network very balanced. Perhaps because they are not a UK based group (Though they have a big UK presence).

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#1582596 29-Jun-2016 12:51

Fred99:

There's now a real possibility of a vote by the public on a "new deal" with the EU by way of a second referendum, or a dissolution and new election. Rumours of this have seen the GBP rise and financial markets recover.

Hope it's true. Bigots won't like it. Would be good to see an attempt at true democracy instead of that knee-jerk post-factual pseudo-democratic trash UK media led BS referendum.

My view is that the markets are hoping that the vote is overturned in some way (weather that be by the Government nullifying the result or calling for a second referendum) hence why things might be either recovering slightly, or in the case of the GBP/NZD rate, in a holding pattern for now. But my view is that I cannot see this eventuating, and when it doesn't eventuate in my view, things are going to seriously crash further and that's when we will see/feel the real pain.

In my view of course :-).

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#1582602 29-Jun-2016 12:59

Satch:

Fred99:

There's now a real possibility of a vote by the public on a "new deal" with the EU by way of a second referendum, or a dissolution and new election. Rumours of this have seen the GBP rise and financial markets recover.

Hope it's true. Bigots won't like it. Would be good to see an attempt at true democracy instead of that knee-jerk post-factual pseudo-democratic trash UK media led BS referendum.

My view is that the markets are hoping that the vote is overturned in some way (weather that be by the Government nullifying the result or calling for a second referendum) hence why things might be either recovering slightly, or in the case of the GBP/NZD rate, in a holding pattern for now. But my view is that I cannot see this eventuating, and when it doesn't eventuate in my view, things are going to seriously crash further and that's when we will see/feel the real pain.

In my view of course :-).

I want to say before I make this comment, that I don't intend to insult your understanding of the markets, nor am I trying to insult your intelligence.. However;

Do you not think that the people who are responsible for these matters, are capable of drawing the same conclusions (or possibilities), to at least your level or potentially better?

Markets on the whole will react to the actual situation, or to those of the greatest likelyhood. The drop in currency power from the British Dollar was a pretty expected response, the market in general will settle to where it should be over a period of time. Things are cyclical.

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#1582605 29-Jun-2016 13:03

Fred99:

"We are absolutely going to have to provide fiscal security to people, in other words we are going to have to show the country and the world that the country can live within its means."

Asked if that meant tax rises and spending cuts, he said: "Yes, absolutely. But that decision will come under a new prime minister - it's obviously not possible while the Conservative Party is having a leadership contest."

What a nice present - happy happy day :-)

Satch

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#1582634 29-Jun-2016 13:12

networkn:

Satch:

Fred99:

There's now a real possibility of a vote by the public on a "new deal" with the EU by way of a second referendum, or a dissolution and new election. Rumours of this have seen the GBP rise and financial markets recover.

Hope it's true. Bigots won't like it. Would be good to see an attempt at true democracy instead of that knee-jerk post-factual pseudo-democratic trash UK media led BS referendum.

My view is that the markets are hoping that the vote is overturned in some way (weather that be by the Government nullifying the result or calling for a second referendum) hence why things might be either recovering slightly, or in the case of the GBP/NZD rate, in a holding pattern for now. But my view is that I cannot see this eventuating, and when it doesn't eventuate in my view, things are going to seriously crash further and that's when we will see/feel the real pain.

In my view of course :-).

I want to say before I make this comment, that I don't intend to insult your understanding of the markets, nor am I trying to insult your intelligence.. However;

Do you not think that the people who are responsible for these matters, are capable of drawing the same conclusions (or possibilities), to at least your level or potentially better?

Markets on the whole will react to the actual situation, or to those of the greatest likelyhood. The drop in currency power from the British Dollar was a pretty expected response, the market in general will settle to where it should be over a period of time. Things are cyclical.

Yes there are many people who are able to interpret the situation much better than I can (hence why I laboured the point that this was all in my view). But it doesn't mean they will act on those conclusions, and therefore won't overreact. We wouldn't get the massive swings we are seeing otherwise. We have a country that has made a huge decision about their future but are not clear if they really know what to do with that decision now, and it is not clear if many of the supporters of the decision really wanted that decision to be reality. On top of this there is a lack of leadership and no real idea at this stage what the new leadership will look like.

But maybe I am stupid. I am certainly no expert. But I do have a view.

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#1582636 29-Jun-2016 13:14

Fred99:

And an afterthought to media bias, perhaps the reason that the older and less well educated classes strongly favoured Brexit, while the young and successful favoured remain is an indictment on lack of neutrality in the print media, as older less well educated folks tend to read printed newspapers, younger people tend to read news on line - which can give access to a much broader range of opinion locally - as well as globally.

Oh my... did you repeat the truth that the older and less well educated tended to prefer Brexit?

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#1582665 29-Jun-2016 13:26

networkn:

I want to say before I make this comment, that I don't intend to insult your understanding of the markets, nor am I trying to insult your intelligence.. However;

Do you not think that the people who are responsible for these matters, are capable of drawing the same conclusions (or possibilities), to at least your level or potentially better?

Markets on the whole will react to the actual situation, or to those of the greatest likelyhood. The drop in currency power from the British Dollar was a pretty expected response, the market in general will settle to where it should be over a period of time. Things are cyclical.

In the same spirit I would like to ask how often markets respond to events in a rational, reasoned fashion and how often they run around in panicked circles screaming that the sky is falling?

Plesse igmore amd axxept applogies in adbance fir anu typos

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#1582685 29-Jun-2016 13:59

Satch:

Fred99:

There's now a real possibility of a vote by the public on a "new deal" with the EU by way of a second referendum, or a dissolution and new election. Rumours of this have seen the GBP rise and financial markets recover.

Hope it's true. Bigots won't like it. Would be good to see an attempt at true democracy instead of that knee-jerk post-factual pseudo-democratic trash UK media led BS referendum.

My view is that the markets are hoping that the vote is overturned in some way (weather that be by the Government nullifying the result or calling for a second referendum) hence why things might be either recovering slightly, or in the case of the GBP/NZD rate, in a holding pattern for now. But my view is that I cannot see this eventuating, and when it doesn't eventuate in my view, things are going to seriously crash further and that's when we will see/feel the real pain.

In my view of course :-).

I'm not sure if the ball is in GB's court. As far as the EU is concerned, UK is out. They have 2 years to get out nicely, or they lose everything.

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#1582689 29-Jun-2016 14:03

The markets are as clueless as everyone else at this point. There are clearly massive risks in Brexit and markets have reacted to that. It appears they were also reassured by the uk finance minister speech etc etc. Very similar to reactions on this topic ; ).

ajobbins

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#1582713 29-Jun-2016 15:03

joker97:

'm not sure if the ball is in GB's court. As far as the EU is concerned, UK is out. They have 2 years to get out nicely, or they lose everything.

This is only true once they formally give notice under Article 50

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