Remember these speculators are idiots. As their heavy betting on Remain recently reminded us.
"They" expected Remain and were wrong, so really what should we take from current movements? They certainly aren't useful indicators of long-term outcomes.
Quite. Who were those people betting so heavily on Remain last week? We were told on here that they were the smart City people who had private sources of accurate information. In other words the usual City wide boys betting on "Market Sentiment" (see the Bird and Fortune sketch available on YouTube).
Yet we are supposed to believe that if this bunch of spivs, crooks and chancers piss off to Frankfurt it would be a disaster. Let them go if they want. A smaller, and more honest, City would be greatly to our advantage in the longer term.
Pound plunges past Friday's lows to 31-year low of $1.3221
Feeling a little sick yet Brexiteers?
No.
Markets hate change.
Goldman Sachs assessment
"While we do now expect the UK to enter a technical recession in the first half of 2017, it should be a mild one by historical standards."
Given all the claims of doom by Remain prior to the vote this is much more in line with reasonable expectations.
To be honest I am still on a high and very happy with our position right now.
...but for how long Richard, how long?
Your victorious Leave team have already kicked Article 50 into the long grass - is it going to stay there forever?
In all seriousness if they do there will be huge unrest. It will destroy this country politically. Given that I am one of the more moderate leavers for whom things like immigration are not an issue can you seriously imagine what would happen with all those millions of others if the decision was made to ignore the referendum? There would be bloodshed.
RIP Jo Cox - surely not forgotten already?
I am not expecting that kind of bloodshed. More the kind spilled by authorities trying to maintain peace against very large crowds.
@faisalislam: Worth noting that Michael Gove appears to have stayed behind at Number 10 for at least 40 minutes after Cabinet ended...
Appointed minister for watching it burn?
Went upstairs and apologised to Samantha ?
I'd take a guess that after all the stress, Samantha is probably quite relieved by now.
She'll have her husband back soon, won't face public criticism for sending her children to a good school and will be able to do what she wants to do without having to ask permission from the police a week in advance.
No more EasyJet flights and going where she likes on holiday.
That as well. Expect to see them in Barbados rather than Cornwall or Marbella this summer! Flying BA First, of course.
I think it's difficult to tell right now who will be the candidate they'll rally around. Some are saying it's Nandy, others are saying it's Eagle. There's also the possibility of Watson. In time, we'll see.
Remember that Labour MPs (and MEPs now, I think) nominate the candidates. It's hard to see McDonnell getting the number required.?
It only needs 35 out of 229. I think they'll be able to rustle up that number.
I disagree. McDonnell would be able to count on perhaps 15 to 20 at the best of times. If there is a credible candidate further to the left than Burnham this time, then less than that.
Anushka Asthana @GuardianAnushka Nandy, Smith, Healey, Griffiths and Green went in not expecting to call for Corbyn to go but furious that "McDonnell barged in" I'm told
Pound plunges past Friday's lows to 31-year low of $1.3221
Feeling a little sick yet Brexiteers?
No.
Markets hate change.
Goldman Sachs assessment
"While we do now expect the UK to enter a technical recession in the first half of 2017, it should be a mild one by historical standards."
Given all the claims of doom by Remain prior to the vote this is much more in line with reasonable expectations.
To be honest I am still on a high and very happy with our position right now.
...but for how long Richard, how long?
Your victorious Leave team have already kicked Article 50 into the long grass - is it going to stay there forever?
In all seriousness if they do there will be huge unrest. It will destroy this country politically. Given that I am one of the more moderate leavers for whom things like immigration are not an issue can you seriously imagine what would happen with all those millions of others if the decision was made to ignore the referendum? There would be bloodshed.
RIP Jo Cox - surely not forgotten already?
I am not expecting that kind of bloodshed. More the kind spilled by authorities trying to maintain peace against very large crowds.
I think both are likely regardless of what course we pursue.
The Tory party are there for the taking and the Labour party are thinking of installing Anglea Eagle as their Leader....wtf!!....I really dont get it, do they want to win another election or not?
Actually I think that is garbage. Of course there won't be any actual negotiations as such before the Article 50 plug is pulled, but there will be bilateral talks with other EU leaders to gauge the mood, and exploratory talks between officials to define the issues and procedure. All that is necessary anyway before substantive negotiations can happen, so I really don't see what the fuss is.
I also think it's silly of our EU friends to bitch about the delay. Of course they are right that the uncertainty is damaging to both sides, but it's in their power to reduce the delay by getting their own acts together, starting now.
David Cameron is Caesar. A once noble leader, unsure of his next steps and with enemies lining up to take him down.
Boris Johnson is Pompeii. A once great victor in other fields, now with those glories in the past, seeks to take advantage of Caesar's problems and grab power.
Michael Gove is Brutus. The close Ally of Caesar who will turn on his friend and stab him in the back.
The plot.
With no Augustus in sight, Alaric played by Nicola Sturgeon has turned up 450 years early, the fall of a once great Empire seems certain...
Pompeii or Pompey?
George Osborne as Marc Anthony?
Michael Gove is Brutus. The close Ally of Caesar who will turn on his friend and stab him in the back.
This was the noblest Roman of them all. All the conspirators save only he Did that they did in envy of great Caesar. He only in a general honest thought And common good to all, made one of them. His life was gentle, and the elements So mixed in him that Nature might stand up And say to all the world, “This was a man.”
The Tory party are there for the taking and the Labour party are thinking of installing Anglea Eagle as their Leader....wtf!!....I really dont get it, do they want to win another election or not?
It's just one twitter source. Others were touting Nandy. Right now I don't think any of them really know.
I think it's difficult to tell right now who will be the candidate they'll rally around. Some are saying it's Nandy, others are saying it's Eagle. There's also the possibility of Watson. In time, we'll see.
Those calling all this a Blairite plot have now been shown to be totally wrong. The left, right and centre of the PLP are abandoning Corbyn.
I campaigned to get Corbyn on the ballot. I recruited new members to the party. I donated to his campaign. And having stuck with him through all the bitterite abuse hurled at him I decided the game was up last week when he went on the telly days before the referendum to state that uncontrolled migration was here to stay.
I agree with the policy direction in which he has taken us. But the execution has at times been farcical. If it wasn't for the threat of Continuity New Labour taking over and leading us to defeat I expect that many more of his supporters would also be his ex supporters.
Labour sources have told the Echo the shadow business secretary and first secretary of state’s request for a meeting with the Labour leader “was ignored”.
I think it's difficult to tell right now who will be the candidate they'll rally around. Some are saying it's Nandy, others are saying it's Eagle. There's also the possibility of Watson. In time, we'll see.
Watson would be obvious choice.
Nandy has gone right out in the betting over the last 20 minutes, whilst Eagle is sharply shorter.
I think it's difficult to tell right now who will be the candidate they'll rally around. Some are saying it's Nandy, others are saying it's Eagle. There's also the possibility of Watson. In time, we'll see.
Watson would be obvious choice.
I think the key is to get Corbyn out and restore basic sanity as a first step.
We're still in the EU and unlikely to leave anytime soon with the added bonus of a huge economic shock. Incredible!!
Tag on the rise in bigotry and racism and we have a lovely cocktail.
Which PB Brexiter will break ranks and now say "sorry, I was wrong!"
There is no "economic shock". Only the pound & the share market have fallen.
The fall in the pound is good for the economy. It will lead to higher exports & more industrial activity in Britain & create more "British jobs for British workers".
The fall in shares will have zero impact on the real economy (& is also a great buying opportunity for savvy investors).
I think it's difficult to tell right now who will be the candidate they'll rally around. Some are saying it's Nandy, others are saying it's Eagle. There's also the possibility of Watson. In time, we'll see.
David Cameron is Caesar. A once noble leader, unsure of his next steps and with enemies lining up to take him down.
Boris Johnson is Pompeii. A once great victor in other fields, now with those glories in the past, seeks to take advantage of Caesar's problems and grab power.
Michael Gove is Brutus. The close Ally of Caesar who will turn on his friend and stab him in the back.
The plot.
With no Augustus in sight, Alaric played by Nicola Sturgeon has turned up 450 years early, the fall of a once great Empire seems certain...
David Cameron is Caesar. A once noble leader, unsure of his next steps and with enemies lining up to take him down.
Boris Johnson is Pompeii. A once great victor in other fields, now with those glories in the past, seeks to take advantage of Caesar's problems and grab power.
Michael Gove is Brutus. The close Ally of Caesar who will turn on his friend and stab him in the back.
The plot.
With no Augustus in sight, Alaric played by Nicola Sturgeon has turned up 450 years early, the fall of a once great Empire seems certain...
Pompeii or Pompey?
George Osborne as Marc Anthony?
Hmm.. Clegg to play me, I guess
John Major was playing that role most recently. A better age fit as well.
Looks like Corbyn facing a high-profile shadow cabinet resignation from the Lords. "Former secretary of state, legal eagle" is the unconfirmed word on the street. Can some wise owl put the pieces of the jigsaw together?
'Can Gove persuade Cameron to un-resign? It worked for Nigel Farage. It would be funny if Corbyn went and Cameron stayed, though no good for my bets.'
Not completely impossible, apparently a lot of pressure on Junker behind the scenes,he's not exactly the flavour of the month.
That Drunker doesn't even understand why there would be pressure on him to resign, says a lot about the reason Leave just won the referendum.
Frankfurther Allgemeine comparing him to Sepp Blatter
I dont think thats a compliment
LOL! That's funny. Dan Hannan had a good line in one of the debates about the difference between Europe and the EU. He said that's it's possible to love Europe yet hate the EU, in the same way it's possible to love football yet hate FIFA.
Looks like Corbyn facing a high-profile shadow cabinet resignation from the Lords. "Former secretary of state, legal eagle" is the unconfirmed word on the street. Can some wise owl put the pieces of the jigsaw together?
What does it matter now? There will be a leadership election.
Meanwhile, out in the real world things are looking bearish.
Nah, it is project fear.
away from the bedwetting in London, here in the Midlands the people I have spoken to today are fairly sanguine
1. they expect a bit of froth and then it will settle down 2. they're fairly unrepentant saying London has ignored us for ages so now they have to sit up 3. they expect HMG ( whats left of it ) will have to now do someting to help the rest of the economy instead of always worrying about the South East or the main parties will get massacred
There's a fair bit of bedwetting taking place in Manchester too.
Only among the AB professionals. If you guys had actually stuck to your guns you wouldn't be in this shit.
1. we're all in it together - we werent 2. march of the makers - nope 3. listen to the people - you didn't
The Westminster bubble has just popped and it was all avoidable.
Leavers got what they wanted, now own the results.
I dont hear anyone moaning up here though I'm told by a friend whose partner works at the BBC up here it's like One Direction had just split again. Tears tanntrums despondancy.
No one moaning down in my neck of the woods either, Mr. Brooke. On my morning walk today I had a chat with a retired director of one the big city firms. He was most sanguine, reckoned that "the chaps" like movement and volume because that is when they can make most money, but it is just gambling really.
Nandy is one of the few capable of winning the leadership contest, problem is the more the wider public see of her I think the less they will like her. She has a touch of the Louise Boors about her.
Meanwhile, out in the real world things are looking bearish.
Nah, it is project fear.
away from the bedwetting in London, here in the Midlands the people I have spoken to today are fairly sanguine
1. they expect a bit of froth and then it will settle down 2. they're fairly unrepentant saying London has ignored us for ages so now they have to sit up 3. they expect HMG ( whats left of it ) will have to now do someting to help the rest of the economy instead of always worrying about the South East or the main parties will get massacred
There's a fair bit of bedwetting taking place in Manchester too.
Only among the AB professionals. If you guys had actually stuck to your guns you wouldn't be in this shit.
1. we're all in it together - we werent 2. march of the makers - nope 3. listen to the people - you didn't
The Westminster bubble has just popped and it was all avoidable.
Leavers got what they wanted, now own the results.
I dont hear anyone moaning up here though I'm told by a friend whose partner works at the BBC up here it's like One Direction had just split again. Tears tanntrums despondancy.
No one moaning down in my neck of the woods either, Mr. Brooke. On my morning walk today I had a chat with a retired director of one the big city firms. He was most sanguine, reckoned that "the chaps" like movement and volume because that is when they can make most money, but it is just gambling really.
Yes Mr L nothing the market likes better than buying and selling.
For your exclusive benefit ... I understand what a referendum is (and I know you do too).
The money that would have gone to the EU could be spent on other projects. Some, no doubt to places already subsidised by EU money taken from us. The people who decide the splits are called "The Government". The referendum doesn't have to make the PM resign - he decided that, although his actions possibly made that inevitable. The Leave group are not in power and as far as I know there is no political party called 'Leave.'
I fully understood that all the money saved going on the NHS was an option. An option for the party in power. I suspect that you understood too, so don't pretend you are thick. The Remain script is that all the Leavers are thick, remember? That could have contributed to why you lost.
You're welcome.
Now the sun is shining, the world is still spinning on its axis, God's in his heaven and all is right with the world.
Nandy is one of the few capable of winning the leadership contest, problem is the more the wider public see of her I think the less they will like her. She has a touch of the Louise Boors about her.
Nandy is one of the few capable of winning the leadership contest, problem is the more the wider public see of her I think the less they will like her. She has a touch of the Louise Boors about her.
Looks like Corbyn facing a high-profile shadow cabinet resignation from the Lords. "Former secretary of state, legal eagle" is the unconfirmed word on the street. Can some wise owl put the pieces of the jigsaw together?
What does it matter now? There will be a leadership election.
At the moment there are some shadow ministers who want Corbyn to go but who don't want to be seen by the membership to be forcing his hand. Once the PLP has voted decisively they will come off the fence and resign as by then it won't be a question of showing disloyalty, although it may well be all over before they get the chance to.
Comments
Yet we are supposed to believe that if this bunch of spivs, crooks and chancers piss off to Frankfurt it would be a disaster. Let them go if they want. A smaller, and more honest, City would be greatly to our advantage in the longer term.
https://twitter.com/faisalislam/status/747383550522044416
We're still in the EU and unlikely to leave anytime soon with the added bonus of a huge economic shock. Incredible!!
Tag on the rise in bigotry and racism and we have a lovely cocktail.
Which PB Brexiter will break ranks and now say "sorry, I was wrong!"
@GuardianAnushka
Nandy, Smith, Healey, Griffiths and Green went in not expecting to call for Corbyn to go but furious that "McDonnell barged in" I'm told
I also think it's silly of our EU friends to bitch about the delay. Of course they are right that the uncertainty is damaging to both sides, but it's in their power to reduce the delay by getting their own acts together, starting now.
This was the noblest Roman of them all.
All the conspirators save only he
Did that they did in envy of great Caesar.
He only in a general honest thought
And common good to all, made one of them.
His life was gentle, and the elements
So mixed in him that Nature might stand up
And say to all the world, “This was a man.”
https://pbs.twimg.com/media/Cl8-PFMWAAASi8N.jpg
https://www.facebook.com/photo.php?fbid=1559732984331583&set=gm.10154238773531358&type=3&theater
Will Grigg is still on fire
Generalissimo Francisco Franco is still dead
Charlie Falconer has resigned
I agree with the policy direction in which he has taken us. But the execution has at times been farcical. If it wasn't for the threat of Continuity New Labour taking over and leading us to defeat I expect that many more of his supporters would also be his ex supporters.
Is that a value lay?
FFS.
Abandon hope all ye whose fate depends on him getting something right.
The fall in the pound is good for the economy. It will lead to higher exports & more industrial activity in Britain & create more "British jobs for British workers".
The fall in shares will have zero impact on the real economy (& is also a great buying opportunity for savvy investors).
I dont think thats a compliment
Lisa Nandy looks very much the coming woman in Labour leadership stakes. Not bad at age 36.
Dan Hannan had a good line in one of the debates about the difference between Europe and the EU. He said that's it's possible to love Europe yet hate the EU, in the same way it's possible to love football yet hate FIFA.
Not that we are listening to experts.
Jezza, its OVER
" Journalism largely consists of saying 'Lord Jones is Dead' to people who never knew that Lord Jones was alive. "
http://order-order.com/2016/06/27/labour-coup-day-two/
For your exclusive benefit ... I understand what a referendum is (and I know you do too).
The money that would have gone to the EU could be spent on other projects. Some, no doubt to places already subsidised by EU money taken from us. The people who decide the splits are called "The Government". The referendum doesn't have to make the PM resign - he decided that, although his actions possibly made that inevitable. The Leave group are not in power and as far as I know there is no political party called 'Leave.'
I fully understood that all the money saved going on the NHS was an option. An option for the party in power. I suspect that you understood too, so don't pretend you are thick. The Remain script is that all the Leavers are thick, remember? That could have contributed to why you lost.
You're welcome.
Now the sun is shining, the world is still spinning on its axis, God's in his heaven and all is right with the world.
https://en.m.wikipedia.org/wiki/Cat_Smith