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Location: New Albany, Indiana (Greater Louisville)
11,974 posts, read 25,466,576 times
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Quote:
Originally Posted by JAMS14
More than 1.5 million Brits are demanding a second EU referendum.
"We the undersigned call upon HM Government to implement a rule that if the remain or leave vote is less than 60% based on a turnout less than 75% there should be another referendum."
Because the petition has more than a 100,000 signatures Parliament will consider a debate on the subject.
You understand that Brexit passed by a bigger percent than Obama won by in 2012? People need to stop being sore losers on both sides. Whether it's dozens of meaningless votes to repeal Obamacare or this, it's all stupid.
I have no doubt that 'some' voters were confused, and may have thought that it was, for instance, a referendum on immigration. However, I rather doubt that it was enough people to have changed the result.
I do like one theory that some people voted 'leave', thinking that 'stay' would win, and so they could have a moral foundation in which to complain to their friends, in future, that 'Hey, I voted to leave!'
I also have no doubt that some are having regrets, seeing what happened to the various stock exchanges, and, perhaps, realizing that while the United Kingdom is the 'fifth largest economy' in the world, some of the reason for that happy status was precisely because the UK was a member of the E.U.
you might be right if someone is already living on those 401k and other retirement plans, but to the person that is in the 401k long term, it means very little, as this is just 1 more year out of 20-30+ years in their plan.
Of course, and also to those that are close to retirement and may be getting ready to make the switch from salary to retirement sources?
Sure, while you are capable of working, your job is your primary source of income. Not planning on retiring may work out if you have a quick accidental death along the way. But sooner or later, you most likely will retire due to any number of reasons (your health takes a turn for the worse, a layoff comes along, job dissatisfaction makes it a mental pain to go to work, maybe being pushed out because you are older and not seen as effective as younger workers, etc). That's when your source of income will shift and rely on any of these sources: SS, a pension (becoming less likely now than it was years ago), retirement accounts (IRAs, 401k's), stocks, a savings account, maybe a part time job if your health doesn't prevent that. That's what's in store for most and that's why the market has become important for so many nowadays.
Yes, and every now and again, markets tumble, or do other things that people do not plan for. That's why I say, you have not made any money in the stock market until you have sold and made a profit, or plan to chase dividends.
I think herding the elderly into the stock market is a recipe for disaster.
You all sound like this is a permanent thing and everyone just got screwed when just the opposite is true. The market will rebound quickly from this. I love the negative Nancy's out there crying "the sky is falling". The market goes down then goes back up again. It will take a few days or a few weeks for investors to realize this is nothing and start buying again. What a bunch of cry babies.
You got me on that first statement. What is the great thing that just happened?
I have no doubt that 'some' voters were confused, and may have thought that it was, for instance, a referendum on immigration. However, I rather doubt that it was enough people to have changed the result.
I do like one theory that some people voted 'leave', thinking that 'stay' would win, and so they could have a moral foundation in which to complain to their friends, in future, that 'Hey, I voted to leave!'
I also have no doubt that some are having regrets, seeing what happened to the various stock exchanges, and, perhaps, realizing that while the United Kingdom is the 'fifth largest economy' in the world, some of the reason for that happy status was precisely because the UK was a member of the E.U.
This was a discussion that had been on going for years. People knew what they were voting for. It's just an excuse by those who are bitter because they lost. Seems so odd that those actually from there that are defending the vote while it's those from elsewhere condemning it.
I now temporary stay in a leafy suburb on my vacation. Everywhere I go out to eat, high end restaurants, are all served by non British accent, they don't even know what's the local beer. It will be a wash in the scheme of things.
It will be a wash only if those 1.3 million returning Brits are minimum wage earners like the foreigners who will leave UK.
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