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| Osbourne causes stockmarket crash http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=22&t=29414 |
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| Author: | edders23 [ Mon Jun 27, 2016 3:57 pm ] |
| Post subject: | Osbourne causes stockmarket crash |
well Osbournes attempt to calm financial markets went well pound dropped tom a new low and stockmarket had to cease trading as it was in meltdown there ain't nothing any of them can do what is really needed is for a general election to be called or an immediate hike in BOE base rate to stabilise things. Britain is in a far worse position than anyone could have predicted as a result of the vote |
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| Author: | cabby john [ Mon Jun 27, 2016 4:19 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
edders23 wrote: well Osbournes attempt to calm financial markets went well pound dropped tom a new low and stockmarket had to cease trading as it was in meltdown there ain't nothing any of them can do what is really needed is for a general election to be called or an immediate hike in BOE base rate to stabilise things. Britain is in a far worse position than anyone could have predicted as a result of the vote Panic i.e those who do not know what they are doing, along with opportunists who are causing temporary blips in the markets. People tend to forget that we successfully made our way for over 100 of years, without anybody holding our hand - the markets will correct themselves once the shockwaves subside from those who gambled and lost. |
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| Author: | Cabby John 1 [ Tue Jun 28, 2016 1:08 am ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Quote: or an immediate hike in BOE base rate to stabilise things. That is the last thing in the world that they can do! Raise the base rate and you create long unemployment queues = paying out benefits of all sorts. Then you need to explain, as to how a rise and what margin, would stabilise the Stock Market? |
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| Author: | grandad [ Tue Jun 28, 2016 6:28 am ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
The Government no longer control the Bank of England interest rates. That is now a matter for the bank it'self. Their mandate is to keep inflation below 2%. |
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| Author: | edders23 [ Tue Jun 28, 2016 6:56 am ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
grandad wrote: The Government no longer control the Bank of England interest rates. That is now a matter for the bank it'self. Their mandate is to keep inflation below 2%. precisely inflation is linked to the pound a weak pound causes inflation because it pushes up prices so interest rates have to go up to stabilise the pound |
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| Author: | Nidge2 [ Tue Jun 28, 2016 2:07 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Pound up against the Euro Pound up against the Dollar Stock Markets are back to normal. As you were. |
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| Author: | grandad [ Tue Jun 28, 2016 2:20 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Nidge2 wrote: Pound up against the Euro Pound up against the Dollar Stock Markets are back to normal. As you were. Last week the £ was 1.5 to the $ today it is 1.34 You call that back to normal? |
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| Author: | Nidge2 [ Tue Jun 28, 2016 2:31 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
grandad wrote: Nidge2 wrote: Pound up against the Euro Pound up against the Dollar Stock Markets are back to normal. As you were. Last week the £ was 1.5 to the $ today it is 1.34 You call that back to normal? The only way is up. The FTSE was 3% higher today. |
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| Author: | grandad [ Tue Jun 28, 2016 2:39 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Nidge2 wrote: grandad wrote: Nidge2 wrote: Pound up against the Euro Pound up against the Dollar Stock Markets are back to normal. As you were. Last week the £ was 1.5 to the $ today it is 1.34 You call that back to normal? The only way is up. The FTSE was 3% higher today. How many % did it fall since Friday? |
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| Author: | Nidge2 [ Tue Jun 28, 2016 3:13 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
grandad wrote: How many % did it fall since Friday? It fell quite a bit, it was always going to fall, the money men were getting squeaky bums. It will bounce back. |
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| Author: | grandad [ Tue Jun 28, 2016 4:58 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Nidge2 wrote: grandad wrote: How many % did it fall since Friday? It fell quite a bit, it was always going to fall, the money men were getting squeaky bums. It will bounce back. When you say "bounce", how long do you think it will take to get back to the same level as last Thursday? |
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| Author: | edders23 [ Tue Jun 28, 2016 5:38 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
grandad wrote: Nidge2 wrote: grandad wrote: How many % did it fall since Friday? It fell quite a bit, it was always going to fall, the money men were getting squeaky bums. It will bounce back. When you say "bounce", how long do you think it will take to get back to the same level as last Thursday? 5 years 
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| Author: | cabby john [ Tue Jun 28, 2016 7:14 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Nidge2 wrote: grandad wrote: How many % did it fall since Friday? It fell quite a bit, it was always going to fall, the money men were getting squeaky bums. It will bounce back. Of course it will, as a lot of it is purely political fear/scaremongering still going on (nothing in reality has changed). The momentum for the "Remains" is still going full pelt, being helped by television/media (government tools) who seem to seek out interviews with people who strangely would like to change their vote (given the chance ) to "In". Then you have the Sturgeon's/Jeremy Hunts of this world keeping the pot boiling, along with some Scottish guy in Brussels giving his "William Wallace" best voice. We have the Welsh Minister Carwyn Jones (Labour) & Leanne Woods (Plaid Cymru) both pushing for the "Ins", the truth being, not many have time for either of them, unfortunately this is going to roll on for quite some time! Personally I believe that a deal will be done that will not be a lot different to what we already have. "Project Fear" is alive and kicking! |
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| Author: | trotskys twin [ Wed Jun 29, 2016 10:52 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
Its all guess work or keep your fingers crossed [normal in a casino} and it happend because Cameron the Clown got it shoved up him by his own Party  , oh happy days  Farage cant stop laughing.the project NOW DESTROY THE EU  COMPLETELY
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| Author: | wannabeeahack [ Thu Jun 30, 2016 4:47 pm ] |
| Post subject: | Re: Osbourne causes stockmarket crash |
back up and better than before Brexit https://www.google.co.uk/webhp?sourceid ... #q=ftse100 |
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