post brexit

[molehill]

So the tale of doom and gloom by the remain has not yet come to fruition.

We don't Brexit for another 2+ years, fruition could yet come.

[DrPatrickBarry]

We don't Brexit for another 2+ years, fruition could yet come.

Very true, all these people who think the success/failure of Brexit will be known in a month after the vote.
Maybe in 20/30 years time economists may be able to analysis the UKs economic performance over the previous 20 years and decide if it was good or bad OVERALL as there are bound to be both positives and negatives to it.

[Witton Park]

Very true, all these people who think the success/failure of Brexit will be known in a month after the vote.
Maybe in 20/30 years time economists may be able to analysis the UKs economic performance over the previous 20 years and decide if it was good or bad OVERALL as there are bound to be both positives and negatives to it.

Very true - it was a matter of 24 hours actually when many Remainers were pointing to the FTSE in anger. Now they are saying we can't tell in a matter of a month.
Of course you can't and we never will know as it is almost impossible to revisit previously made decisions.

I think what you'll find Dr is that in 20/30 years time economists will produce a model that backs up their previous assertions.

[molehill]

Our shares portfolio have reached an all time high, I was somewhat puzzled by this and asked the broker. He explained that most British companies were well down, but the main contributory factor was that the value of the £ has bombed against the $, so on paper everything has suddenly gone up 10%.
That was my understanding of it.

[Witton Park]

Our shares portfolio have reached an all time high, I was somewhat puzzled by this and asked the broker. He explained that most British companies were well down, but the main contributory factor was that the value of the £ has bombed against the $, so on paper everything has suddenly gone up 10%.
That was my understanding of it.

Buying a UK share is like buying a UK pint of beer and if you have $100 you can now get an extra 3 pints compared to 5 weeks ago.
So I imagine US investors are piling in to UK stocks as they are good value.

It's quite complex though as the dividends are paid in sterling so they are 10% lower and if the £ goes back the other way though and they want to sell.......

But this is how our floating currency works as a balancing factor for our economy, something the Euro deprives those member states from doing, to the benefit of Germany and the detriment of club Med. If Italy (for example) could float off with an IT Euro and devalue it would help them in the medium to long term.

[MattPo]

Is owning shares ethical for a socialist?

[Wheeze]

depends.

[Stagger]

Nice here in Turkey this time of year. 35 - 40 degrees and all the local's as happy as can be with their Efes! Enjoying it.

[sbrt]

Is owning shares ethical for a socialist?

Shares in fruit teas and other infusions is ok. Shares in Yorkshire tea or PG tips is definitely not.

As Marx said to Engels "all proper tea is theft".

[TheHeathens]

Is owning shares ethical for a socialist?

Ask Derek Hatton