threegee

My friends these days are investors, and they are not all UK based or of UK nationality. They can't help me with the question I directed at you because they don't have any problem. But, apparently, you do have a problem yet fail to advise as to what that problem specifically is. Here be dragons really isn't good enough these days (as Duplicitous Dave discovered quite recently). Put your money where your mouth is and make me a bet that Article 50 won't be invoked (and/or the European Communities Act (1972) revoked) within one year of today's date. I will happily pay up even if I'm just one day long.

ARM Holdings employs four thousand people in the UK. ARM do not "deal ... in" IP they create it! The $32Billion goes straight into the hands of mainly UK based technology funds and investors (like Herman Hauser and some of my long-term investor friends) who will reinvest a lot of it into UK technology. This, of course, has nothing to do with politics or the sclerotic, outdated, EU - it's about real business! My feeling is that we don't need the BBC when we have you and CL to talk down the UK. Yes, please make an exception, and talk about something you know just a tiny bit about. BTW how much do you have invested in British technology companies?

And, due to Brexit there will be no more foreign investment in the UK... Except the largest ever investment in history! SoftBank to buy UK chip designer ARM in $32 billion cash deal Maybe those dumb Japanese investors haven't heard about the imminent collapse of the UK economy?

I didn't say Merc's expectation, I said the general expectation (please read the article). And... I wouldn't patronise you by calling you "young man" even if I wasn't practically twenty years your senior.

Sir Elton John loses bid to block reporting of sexual harassment claim Well... there still might be an odd few people in the UK who still don't know who the famous person accused of sexual harassment was. That's the one who (mis)used the law to buy off the publicity, and then used more of his riches to buy off the alleged victim. Note to self: Add EJ to list of people who fame and fortune has turned into arrogant little sh**s - right under the most recent addition of Bob Geldof.

...don't look in The Guardian, read the Daily Express!

Brian, the general expectation is "Article 50" will be triggered before Christmas, but no one truly knows just at the moment. http://www.telegraph.co.uk/news/2016/07/16/cabinet-clash-over-date-to-trigger-article-50-and-brexit-talks/ I'm not sure if we can complete any other trade deals during the two years negotiation period with the EU. It's certainly against EU law for us to complete any before we give notice. I suspect no one even considered this situation before so it's likely to be a grey area. We all have to hope that May's government uses any grey areas like this to our advantage, because we undoubtedly have a stronger negotiating hand than the EU, and it's difficult to see what they could do about it even if we did start to write our own rules. They are victims of their own arrogance, because they truly believed that no country would have the financial means or the guts to tear itself away from the EU dependency culture. Once we are out they will certainly revise the exit procedure to try to make it a lot more difficult for other nations to leave.

The Turks are revolting! (Some of us will claim to have known that for ages).

What damage would that be specifically? Are you damaged by having more money in your pocket to spend? I'm not damaged by the exchange rate because we made sure that we had plenty of reserves for living expenses (well.. we had to when Goro was busy saving the World), Notionally the value of my second home has gone up, and my pension pot is also up, so if needed I could draw more balance the exchange rate. Swings and roundabouts, and absolutely no lost sleep! It's called the market, and if prices don't move around no one in the market makes any money. The pound was down because Carney (and the Brussels Broadcasting Corporation) has done nothing but talk the pound down. But that's not bad because UK industry is now (as previously mentioned) more competitive. Carney is going to try the age-old management trick of throwing every bit of pessimistic forecasting he can into the mix, and will then claim personal credit when things inevitably turn around. If he told the truth he mention that he's been powerless to achieve the 2% inflation target, and the bit of inflation injected into the economy by a now properly valued pound will enable him to now achieve that. If the target overruns a bit (they are forecasting 2.7%) it's just a matter of time before it hits target once again as things stabilise. Back in the real world, the people at Tata Steel have a good chance of not losing their jobs now that our government is taking back the powers to run our own economy, and we will surely see some resurgence in what's left of our fishing industry, etc.etc. If that's damage then we need a lot more of your kind of damage!

Let's apply a little more of that detail then:- "Philip Hammond, the new Chancellor of the Exchequer, has ruled out an emergency Budget following the UK’s vote to leave the EU." -- The Telegraph "In a sign of the panic gripping the remain campaign, the chancellor plans to say that the hit to the economy will be so large that he will have little choice but to tear apart Conservative manifesto promises in an emergency budget delivered within weeks of an out vote." -- The Guardian I wouldn't like to have you driving me. Doubtless someone in the vehicle spotting an emergency road situation would trigger a discussion on linguistics of their screamed warning. Like communism, some are more equal than others. The fact that Hammond is a remainian - or a damascene convert from same - probably means that he was more inclined than not to do some sort of "emergency" tinkering, and he didn't. Though the Treasury chiefs had doubtless formed a view before he walked through the door. It's certainly not what they were asking us to believe a few short weeks ago. That's not selective quoting because they simply don't admit to any other "scenario". In fact prices are up around 10%, so they couldn't even get the direction right, and they ask us to believe that we will all be £4300 poorer in fifteen years time! Well... on that performance we should all be at least £10,000 better off, and I think it's only prudent that I spend my share now. Cue for CL's analysis of HMG's use of the word "Immediate".

Two more doom monger predictions that didn't happen: 1 ) It's now official (from the new Chancellor) that an emergency budget isn't required. 2 ) Cameron puppet Carney has been outvoted 8 to 1 in his quest to slash interest rates - the entire MPC thinks he is overreacting.

Did you happen to notice the smiley? It was a bit of "anglo-saxon" gentle ribbing, and no more! I'm amazed you took it seriously, and further amazed to be explaining this right now!. https://www.1843magazine.com/ideas/the-daily/being-german-is-no-laughing-matter I argue the case that we should celebrate the differences and not try to conceal them or paper over them as "The European Project" tells us we must. Do you consider the Empire Windrush people of 60 or 65 years ago immigrants; I don't think that in a modern context anyone reasonably can. Ergo, even if a few of my forebears haven't being living here on our islands for hundreds (and in some lines thousands) of years, then by any reasonable interpretation I'm no immigrant to my nation. Everything mechanical around us illustrates my point about Germans being masters of detail. This is not my point; its generally accepted, and Germany trades on it. As for being easily led and making tragic major errors throughout history: I will leave the reader to decide, as there is no shortage of evidence.

No chance Spuggy, I'm a mongrel with a Scottish surname. Thing is my great great grandparents had the good sense to take the sage advice of the incomparable Dr Samuel Johnson. Though I think that when the good doctor said "the high road that leads him to England" it wasn't actually Sheepwash Bridge he had in mind. Queen? Royals? Hush, or you'll have Sym around touting his people's republic again; then we'll all get sent to The Tower for high treason! But.. as you've pointed out that (apart from a few minor misunderstandings and silly walks) Germans are "DECENT", maybe she'll let you off with one of her frowns?

Not personally directed and in good humour, but way over the top on the contained bad language for a safe family site Spuggy. Try a bit of self censorship in the re-post. .doc file uploads are permitted as a matter of convenience to members, but are never a really good idea as people (very rightly) worry about a virus payload.

You really don't live in the real world do you Merc! Our pension funds are way up since last month, and the pound is now recovering too. Not too far I hope, for the sake of the UK economy. If you don't want to believe me then believe The Guardian: https://www.theguardian.com/business/live/2016/jul/11/george-osborne-us-britain-brexit-stock-markets-sterling-business-live I'm really happy that you get more in wages; so be happy too, and stop sounding like that eternally miserable robot from Red Dwarf. I've news for you - THERE ARE NO FINANCIAL EXPERTS! But I've consistently done better than average on the markets over the last forty years or so by investing when others are pessimistic, and creaming a bit of profit off when they are over optimistic. Sorry if you don't like that, or if you think it sounds like a boast (it's not really, it's only a bit of applied common sense), but I'm not going to lie about it to make you feel better in your anti-reality cocoon. There is a huge debt burden worldwide and competitive money-printing, but it's worse in the EU where a lot of the inefficiency is concealed. We are better off out, and that's what five former chancellors have been telling you - if only you'd listen to them!

You can forget everything that Siemens said, and the pressure on its staff to vote remain. Everything will be all right post-Brexit. Siemens boss Joe Kaeser vows to invest in UK in Brexit U-turn

I'm positive Larry is a closet Kipper-lover, so cat-allergic May had better watch out!

You've even failed to comprehend what I mean by that, and interpreted that too in your "narrow" way. It still is obvious, but I've explained that I failed to foresee the evil hand off Rupert Murdoch. In my world people are allowed to be wrong on occasions or on details, and this doesn't automatically negate the breadth of what they say, particularly if they fess up to their mistake and provide a credible analysis of it. Your world seems to be that of absolutes, and that doesn't map at all well to reality. I hope you can now understand at least some of what I meant. This leads neatly into your final paragraph: you "can't imagine" because anyone who even talks about "the immigration issue" ... "will automatically be labelled a racist". Well I'm afraid the genie is out of the bottle, and you and your left-wing chummies can no longer shut down debate in that manner. Other people have a right to be heard, and if this reveals the absurdity of your position, then tough! The cruel fact is that a lot of your extremist leftie ideas can only exist in a vacuum, and no one is more aware of that than the extreme left. When leftie extremists throw a brick through Angela Eagle's office window they are of the very same "will automatically be labelled a racist" mindset. A lot of this is to do with immaturity; but you are an adult, so what's your excuse?

I've no idea who wrote this, but I plucked it from an email in my mailbox.

Can't be my pseudonym: I spend at least 15 seconds on Google. Obviously includes the Swedish SDP there!

All true!

I think that epitomises the differences in our thinking. You focus on the minutiae and have a biological need to be logically correct all the time, and I see the bigger picture. Do you have Germanic ancestry? They are absolute masters of detail, but are alarmingly easily led... so, get all the big decisions terribly wrong! (Hello, Mrs Merkel!) A side-splitting and masterful parody on this was in that brilliant film http://www.imdb.com/title/tt0059797/ Of course this was made long before the EU, but should be compulsory viewing for EUphiles everywhere - though you might need to be a pilot to appreciate some of the subtler humour. Maybe it's no longer fully PC, but I'd say it actually celebrates the cultural differences. BTW it's "referring"! (Though I have to admit that it was the spelling checker that spotted the mistake.)

I don't write for the DE - honest I don't! PURPLE SURGE: Furious Tory members defect to UKIP in protest at Theresa May's victory

You are not wrong, but there's no riddle either: re-read post #6 on this thread.