Brexit: The fallout

13,651 posts in this topic

It's amazing how alt-bicus succeeds in taking the contrary position in every single argument. It's almost as if he (or she) were only here to troll.

 

 

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1 hour ago, murphaph said:

I think we will see that 20% correction happen instantly as soon as no deal actually happens.

 

The central bank(s) would probably step in.   The Cable chart shows that it took around two weeks for the Pound to drop around 10% against the USD right after the Brexit vote.   

 

http://schrts.co/dmXXCWgq

 

If people are concerned, they should probably pick up foodstuffs, fuel, and precious metals when the direction becomes clear.  

 

Given that there is a pivotal meeting of the Fed tomorrow and Thursday, i wonder if the Pound's rapid drop will be used to justify a big cut in interest rates and a weaker dollar policy.

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Not much the central banks can do if the world's 6th largest economy walks out of the EU. The effects are far too widespread to be able to mitigate against.

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Boris Johnson tells Irish PM Leo Varadkar that the UK will 'never' put up a physical border with Ireland

 

https://www.dailymail.co.uk/news/article-7301069/Boris-Johnson-SNUBS-Irish-PM-Leo-Varadkar.html

 

Since those pulling Boris Johnson and his "diverse" puppet chorus Cabinet's strings are looking to return the UK to pre 1922 borders, why on earth would he want to put up a physical border here. 

 

Tossers. 

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22 minutes ago, murphaph said:

Not much the central banks can do if the world's 6th largest economy walks out of the EU. The effects are far too widespread to be able to mitigate against.

 

The BoE will open swap lines with the ECB and the Fed, as it did in preparation for the Brexit which did not materialize in March, 2019. 

 

https://www.reuters.com/article/us-britain-eu-ecb/ecb-boe-activate-swap-line-ahead-of-brexit-idUSKCN1QM103

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Boris Johnson faces Supreme Court bid to make him stand trial for 'lying and misleading' in Brexit campaign

 

Quote

Boris Johnson is facing fresh legal action for allegedly “lying and misleading the British public” during the EU referendum campaign.

A man who crowdfunded a private prosecution against the now prime minister is attempting to take the legal battle to the Supreme Court after losing the latest stage.

 

A judge initially summonsed Mr Johnson to appear in court over accusations of misconduct in public office in May, but the Divisional Court overturned the ruling last month.

 
Marcus Ball, a 29-year-old entrepreneur who has so far raised £570,000 for the case, is now seeking permission to appeal to the Supreme Court.
His lawyers have filed an application challenging the Divisional Court’s decision to quash the summons, arguing that judges were wrong to find that misconduct in public office laws could not be used for political campaign statements.

 

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19 hours ago, Wulfrun said:

Mr. Ball's case will not succeed, as he won't be able to prove beyond doubt that BoJo, acting as a public officer, willfully lied to the public.

Better just to hold a banner with "BoJo, you lying c*nt!" in the background of a channel 4 news interview outside the houses of parliament.

 

Events in the background of an interview can make an impact!

https://www.youtube.com/watch?v=Mh4f9AYRCZY

 

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20 hours ago, Lorelei said:

Alastair Campbell is a matter of taste, but he makes some interesting points here, IMO, e.g. that Labour has not developed a strategy to counter the arrival of Boris Johnson and his new cabinet.
Alastair Campbell: Why I left Labour

is he now lib dem?

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1 hour ago, dom said:

is he now lib dem?

Lib Dems are just tories who don't like to be called tories...

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26 minutes ago, Wulfrun said:

Lib Dems are just tories who don't like to be called tories...

or tories who like europe?

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1 hour ago, Wulfrun said:

Lib Dems are just tories who don't like to be called tories...

Scratch a Liberal, find a Tory underneath. I prefer to think of them as capitalists with a social conscience. Unlike the Tories who have no conscience or shame.

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