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Old 06-28-2016, 04:03 PM
 
Location: Berwick, Penna.
16,214 posts, read 11,325,556 times
Reputation: 20827

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Even if it is a step in the wrong direction, it's a small one. The average Brit is probably skeptical toward the EEC not because of any affection for protectionism, but because the pan-European elitists are using it to promote their own brand of "socialism -- globalized"; it's a shame Ms. Thatcher is no longer around to voice her opinion on this farce.
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Old 06-28-2016, 05:05 PM
 
Location: Ohio
24,621 posts, read 19,152,432 times
Reputation: 21738
Quote:
Originally Posted by nickerman View Post
I know that things are still in the unknown stage of what Brexit will bring to the world economy but it looks like a real big deal what is happening. Great depression on the way?
Why don't you start by looking at the population of Great Britain and its GDP before jumping to bizarre conclusions?
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Old 06-28-2016, 05:10 PM
 
4,231 posts, read 3,555,945 times
Reputation: 2207
Quote:
Originally Posted by Perma Bear View Post
I hope so! I'd love to see the Bay Area knocked off its pedestal or stocks to drop by half or more (even if that hurts me).
Bay Area's infrastructure is crumbling, houses are old.

I have no idea why people are putting so much money over there.

Totally bizarre.
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Old 06-28-2016, 05:10 PM
 
Location: Oregon, formerly Texas
10,062 posts, read 7,229,638 times
Reputation: 17146
Well, the 2008 crisis had its start in tiny Iceland, so it is possible that Brexit could mean a larger downturn. I don't think so, though. I expect the markets to dip a little more down then go back up after the holiday.
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Old 06-28-2016, 06:05 PM
 
Location: San Francisco Bay Area
7,702 posts, read 5,446,630 times
Reputation: 16219
Quote:
Originally Posted by J.Thomas View Post
Bay Area's infrastructure is crumbling, houses are old.

I have no idea why people are putting so much money over there.

Totally bizarre.
What is bizarre is your thinking that older houses are less desirable. Who wants a cookie-cutter new house with no character, no chance of central location, and no mature landscaping?

I just typed "oldest houses in Palo Alto" into Google and it came up with a link to Zillow which lists 7 houses. One is a steal at 2.4 million dollars, and the highest is listed for 17.5 million dollars and was built in 1913.
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Old 06-28-2016, 08:24 PM
 
Location: Silicon Valley
7,643 posts, read 4,589,722 times
Reputation: 12698
Default One little crack to start London Bridge on her way...

I'm a nobody at my company, but the giant Bio/Pharma place I work at currently has already noted that the European Medicines Agency, located in London and serving as the FDA for approving medicines for Europe...can't very well stay outside the EU.

Do you think all of those Big Pharma/Biotech companies are going to stay HQ'd in London once the EMA leaves town?

But, it's ok...it's not like those jobs pay much right? I wonder where GlaxoSmithKline will be in a few years. Even the British domestics are going to have to think really hard about where they need to be to make sure they have market access.

So, if my company already had a release edited and published at Bexit + 2 Days...

It's not going to take two years for the one way tickets to get purchased. Travel completed maybe, but what an industry to lose.

That's on top of the London's biggest industry, finance. Morgan Stanley has been explicit that if Brexit passes they will cut. Fortune quoted PriceWaterhouseCoopers in that it believes 70,000-100,000 finance jobs will be lost by 2020 in the UK.

London's going to lose a lot of the best paying jobs in the world. They're going to lose a lot of the companies that are some of the most profitable in the world. Those quaint shops that used to cater to those businesses? The really nice buildings that housed all of that activity and were able to be leveraged because it was a sure thing?

It's like the movie 28 Days Later, a zombie movie where a group of people are stopped before heading into a long dark tunnel....."You know, this is a shyte idea, because it's just really obviously a shyte idea."

Looks like we got 28 Years Later the sequel after all....with slower moving zombies again.
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Old 06-28-2016, 09:12 PM
 
Location: La Mesa Aka The Table
9,820 posts, read 11,536,738 times
Reputation: 11900
13 pages and nobody has blamed Obama yet!
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Old 06-28-2016, 11:45 PM
 
Location: Oregon, formerly Texas
10,062 posts, read 7,229,638 times
Reputation: 17146
Quote:
Originally Posted by artillery77 View Post
I'm a nobody at my company, but the giant Bio/Pharma place I work at currently has already noted that the European Medicines Agency, located in London and serving as the FDA for approving medicines for Europe...can't very well stay outside the EU.

Do you think all of those Big Pharma/Biotech companies are going to stay HQ'd in London once the EMA leaves town?

But, it's ok...it's not like those jobs pay much right? I wonder where GlaxoSmithKline will be in a few years. Even the British domestics are going to have to think really hard about where they need to be to make sure they have market access.

So, if my company already had a release edited and published at Bexit + 2 Days...

It's not going to take two years for the one way tickets to get purchased. Travel completed maybe, but what an industry to lose.

That's on top of the London's biggest industry, finance. Morgan Stanley has been explicit that if Brexit passes they will cut. Fortune quoted PriceWaterhouseCoopers in that it believes 70,000-100,000 finance jobs will be lost by 2020 in the UK.

London's going to lose a lot of the best paying jobs in the world. They're going to lose a lot of the companies that are some of the most profitable in the world. Those quaint shops that used to cater to those businesses? The really nice buildings that housed all of that activity and were able to be leveraged because it was a sure thing?

It's like the movie 28 Days Later, a zombie movie where a group of people are stopped before heading into a long dark tunnel....."You know, this is a shyte idea, because it's just really obviously a shyte idea."

Looks like we got 28 Years Later the sequel after all....with slower moving zombies again.
Maybe it'll lower the cost of London real estate. California could use a dose of that action.

But yeah, I fail to see how England is improved by this. At best the effects will be neutral. At worst a bunch of jobs will go across the pond and northern Ireland & Scotland leave the UK.
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Old 06-29-2016, 05:16 AM
 
Location: England
26,272 posts, read 8,424,858 times
Reputation: 31336
Quote:
Originally Posted by KathrynAragon View Post
I'm not particularly greedy. I just don't enjoy paying $5 for a cup of tea.
Kathryn...... tut.tut........ Even at the old rate of $1.50 to the £, where did you pay well over three pounds for a cup of tea - Harrod's?......... I can get a full English breakfast, of eggs, bacon, sausage, mushrooms, black pudding, tomatoes, and toast on the side plus a cup of tea for four pounds.........
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Old 06-29-2016, 10:58 AM
509
 
6,321 posts, read 7,037,074 times
Reputation: 9444
Quote:
Originally Posted by hitman619 View Post
13 pages and nobody has blamed Obama yet!
I did when I blamed the Elites. He is one of them.

Remember his quote about protecting the criminal bankers "from the American people and their pitchforks"?
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