In or Out...?

[Ian_C]

You cannot blame retards. Retarded people are the easiest to convince to do your low-end bidding.
This is what happens when your government alienates the parts of the country and electorate that actually vote. Every single person that voted deserved their vote, the government is to blame for being so out of touch and arrogant that they called a vote at a time they were despised, there was no reason to hold this referendum and the timing was beyond retarded. All the remainers had to do was talk to the lowest common denominator, instead they fought with numbers, experts and hollow fear.............

The Cameron - Boris battle was possibly the decider! Lots of boos outside his house earlier. I think he has underestimated how difficult being PM will be sorting out the turmoil (reminds me of Blair stepping aside and leaving Brown to deal with the recession!) And I shudder to imagine Gove by his side as Chancellor!

http://www.bbc.co.uk/news/video_and_aud ... s/36617918

[FaisalJ]

This is what happens when media report it as the apocalypse and the end of the world as we know it. All the negative press is enough to affect stock prices and the pound. After all, the pound took a hit late last night based on just a rumour. The more people moan about it being bad the worse it will get and when they actually believe in their convictions the quicker confidence will build and prices can start to recover.

The headlines don't make a difference to the market response; a sell off in GBP was fully expected if Leave won, and is a rational market response to the UK's diminished economic prospects in the face of leaving the EU.

What the newspapers are guilty of, in my opinion, is stirring up negative sentiment around immigrants, and misrepresenting the facts.

[MikeFish]

I think the media play a big part in the economy. In 2008 they kept reporting a recession was coming, and they kept on about it and eventually people stopped spending and we ended up in a recession. Clearly there are other factors like job losses but other than the news and papers saying there was a recession coming I'd have been none the wiser and carried on spending as normal.
And the response from the press today is pushing us back down the path. A more positive spin on things would have had a massive change in confidence (lets face it most newspapers spin stories to represent their beliefs anyway) and could have got the people behind their own decision and not be leading us down a patg we dont want to take.

[FaisalJ]

I see what you're saying, I take your point on consumer confidence.

The markets are driven by institutional investors though, so more driven by fundamentals.

[chunky79]

What the newspapers are guilty of, in my opinion, is stirring up negative sentiment around immigrants, and misrepresenting the facts.

Sorry, but got to disagree. You only have to open your eyes to see the facts.

[chunky79]

And this is just the sort of behaviour that will start a recession. Already you are talking about stopping spending money. This will weaken the economy even more and lose confidence. We need to carry on as normal and stop newspapers and websites reporting it as all doom and gloom and proving we made a mistake by leaving. Lets not forget we are still in the EU for the near future.

Yup, bang on IMO.

[R4llye]

It will look like a plaster ripped off when France or Italy make noise about doing similar votes.

Every leave voter should have zero pride that Le Penn and her far right party is lording this vote and calling for a French referendum.

I hear her social media profile pics are (or have been) a Union flag. We are being held up as the example for all racist and neo-nazi parties across Europe. Wonderful. The rise of facism has never turned out well.

[R4llye]

This is what happens when media report it as the apocalypse and the end of the world as we know it. All the negative press is enough to affect stock prices and the pound. After all, the pound took a hit late last night based on just a rumour. The more people moan about it being bad the worse it will get and when they actually believe in their convictions the quicker confidence will build and prices can start to recover.

The headlines don't make a difference to the market response; a sell off in GBP was fully expected if Leave won, and is a rational market response to the UK's diminished economic prospects in the face of leaving the EU.

What the newspapers are guilty of, in my opinion, is stirring up negative sentiment around immigrants, and misrepresenting the facts.

On the other hand, you have the Murdock media who are controlled by a man that said:

When I go into Downing Street they do what I say; when I go to Brussels they take no notice.'

Who has just had the power given to them? The people of the country or Murdock?

Regarding people not spending - that's an easy one. Everyone earned less yesterday than they did the day before because of the monumental fall in the pound. There are millions that can't afford to earn less than they did. You can't blame them to with holding onto it for at least the short term until the time markets correct themselves (if that happens)

I would say most of us on this forum with our RS's probably have more desposible cash than the average so we are not as affected and can continue to spend wisely - but we are the fortunate ones.

[535dboy]

I don't think I've ever agreed with Bam but I find myself in the really awkward situation that I do this time

[Shoppinit]

1.9% is too small a margin to make such an important decision. Especially since many people appear not to know what they were actually voting for.

[MikeFish]

Regarding people not spending - that's an easy one. Everyone earned less yesterday than they did the day before because of the monumental fall in the pound. There are millions that can't afford to earn less than they did. You can't blame them to with holding onto it for at least the short term until the time markets correct themselves (if that happens)

How so? I earned exactly the same yesterday as I did the day before. And it buys me exaclty the same in the shops as it did the day before. Sure, when I go on holiday in a few weeks it might cost me more, and if I buy something off the internet from America or something from Germany it will cost me more but for the main part my day to day shopping will be affected very little. And I appreciate that some of the things I buy in the shops here use parts sourced from abroad and so Manufacturing cost may rise but it is too early to see this effect and if we stop spending already then it will take even longer for the markets to corrrect themselves. Your average low income fsmily that holidays in the uk and is not buying carbon wing mirrors for their Audi from Belgium should see little difference in their budget and outgoings yet.
The price of the euro often changes but i only really notice it when on holiday or buying directly from Europe . Maybe I am living in a bubble and just dont notice the price changes here as I'm not on the poverty line but for me, it is still business as usual.

[R4llye]

Because the pound dropped. Everything we (as a country) buys in (we import a lot remember) costs more because the pound was devalued.

The money you earned yesterday was worth less on a world stage and prices (if the pound remains depressed) will go up.

That's pretty much economics 101.

It started yesterday but you personally might only feel it in a few weeks or months time. You're losing money now without realising it.

[Shoppinit]

If you've just bought a new C7 RS6 then you probably won't feel the effect of a few quid more expense in every 100 that you spend, and I won't either. But that doesn't mean that the extra cost isn't there. And a few hundred quid here and there actually means a lot to some people. Not trying to be patronising or critical, but I don't see the value in denying that we are all now instantly worse off to a greater or lesser extent and will be for the next few years at least.

[Brooner]

this is the cards we have now been dealt so let get on with it
adopt adapt and overcome

[Ian_C]

Indeed. Let's try and look at the positives. Errrrr. Soon you will be able to fit a tow bar to an RS4 or S3. And when my fixed rate mortgage deal ends in November, base rate might be 0%.

Er, they are about the only two I can think of right now lol