Member Info for Herbieridesaga

When she did threaten to quit I'm sure would have done. That's how you have to be. I'm no Lady T fan - destruction of the mining communities, a war to keep South Atlantic oil, deregulation of the banks along with Lord "climate change denier", but always fighting the countries corner, even though it was usually at the cost of manufacturing industry. She did bring in foreign investment as a balance though. She would have been able to tell us what her plan was for prosperity after Brexit - no one else seems to be able to.

That is why although I think he's our Trump, I was hoping Boris would get in. What we needed when negotiating was someone who would just ignore the facts and demand what we wanted. Another too late moment - and that was all Gove's fault !

Some may think I'm on your side DCB but if you offered me those odds - I would bite your arm off. I say 90% chance at least we will leave. Anyway, its too late, just too late, and Italy's lows will convince many we are doing the right thing. However I'm with Wid - a rising tide floats all boats, a sinking ship drowns everyone - and Bernanke and Brown are no longer around to champion a bail out. 1929 written all over it. Unless I'm wrong. So hoping someone can tell me why I'm wrong. Please. Anyone. Just cheer me up a bit.

Maybe I'm pessimistic but an excellent summary of where I think we may al be heading.

I understand where you're coming from, and I hope you're right.

Probaby the best outcome we can hope for because it would take away a bigger local competitor with closed borders - even though it woud destabilise Europe itself and have repercussions far beyond economic recession and innovative paralysis.

That's it LOL - must have put my X in the wrong box. Good one. Made me smie.

Thing is I've worked exclusively for multinational manufacturers all my life James and I know all businesses of that ilk need border free trade and will find a way of getting it. I suspect financial institutions can launder their money across borders and this is what we are seeing. Financial institutions setting up new money hubs, manufacturing moving all its next generation products abroad. I don't believe this country can be propserous without such manufacturring. Hence the Swiss model - but not good for my progeny (oops got the right word today). An IT and an Engineer. Ultimately, if I'm right, not good for Llyods either. A rising tide floats all boats but a sinking ship drowns all onboard.

LOL - part of the entrance exam for Scotland when it rejoins under much more sympathetic terms because lets face it, every loves beer, shortbread and slamon, and they never voted to leave. Maybe that could takeUlster back in with them and sove the land border issue - I'm sure they'll be happy to rebuild Hadrian's wall. Oh no, I forgot, they don't want independance now - still don't understand why ?

OK Andy - you got me there... Ceratinly Macron is no De Gaulle, but then they will surely feel they have to stick the boot in twice over, once when we leave, once if we rejoin. That's why I can't ever see us rejoining.

I agree with you sentiment Andy, but IMHO it is already too late, and just think what we'd have to give up to buy a place back in the dunces chair in the corner of the EU classroom after that. Its a horror story I'm afraid. Better to end up like Switzerland laundering dirty money and promoting tourism.

Can't say what Italians do - but can say our lot always vote for what the Sun newspaper tell them to, and it of course can be bought or bribed like everyone else in this country, so every outcome is what big money wants it to be. Now that's an assertion I feel I have great confidence in.

And its already too late because the damage is being done eg EV development going to Germany and as I said earlier, those who engineered the win at the polls would never allow it. So we agree.

Its always better to talk. Anyway, baffed as always by the market, couldn't understand why markets rose every time Brexit appeared to be getting "harder" then fell every time the "softer" version seemed to be more of a possibility, so don't buy the idea that Lloyd's will collapse due to a hard Brexit, or even a botched one (same thing ?). Also, aren't banks supposed to be "fully capitalised" for a house market fall. Just starting to feel uneasy here, but Government sold off and houses not likely to fall as much elsewhere, so still hope for some rises to counter any falls - and for the divi to grow - banks make profits in increasing interest periods - right ??

Yep - don't make too much of a joke about that one...

ild up your experience in a profession by moving around - why is that so hard to understand ?

Yes so the big fall was 1999-2006 - the last 7 year down cycle. Following that, years of obeying the 14 year cycle seemed to stop when from 2013-2017 prices continued to rise - however experience where I live (and we're not London) is that real sales prices have fallen since last year - so maybe 2013-2020 is all going to ahppen in the next 2 years. Real infaltion in the last 7 years - say 30% - house prices - say 60% - so maybe a 30% drop - but then housing would still not be affordable for most...?

Absolutely, just advise them not to buy yet - and from what I understandof house price cycles - that means for the next 7 years...! Anyway - if you move around in the rental market, you remain mobile while you build up experience.

Absolutely, just advise them not to buy yet - and from what I understandof house price cycles - that means for the next 7 years...! Anyway - if you move around in the rental market, you remain mobile while you build up experience.

do you see the decline in Lodon house prices affecting Lloyds - I did ask earlier - no one had an opinion ?