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-   -   Stock Market update: Everybody panic! (https://www.subsim.com/radioroom/showthread.php?t=221611)

Oberon 06-29-16 12:22 PM
The FTSE 100 has returned to pre-Brexit levels, so that's good...still, we had quite the setback and a lot of money was lost, but for now things are starting to level out...starting...
Let's try and keep it that way, ok Tories?

Onkel Neal 06-29-16 09:57 PM
I'm ahead of where I was on Weds of last week, thanks Brexit. Do it again, please.

Reece 06-29-16 10:49 PM
http://tos.trekcore.com/gallery/albu...eapple_122.jpg

Catfish 06-30-16 01:06 AM
The pound should be soon where it was before.
What has been promised after a Brexit will be slightly corrected, and the election pledges will follow.
Nothing happened, carry on :03:

Reece 06-30-16 01:24 AM
https://i.imgflip.com/xohx2.jpg

STEED 06-30-16 06:36 AM
Quote:
Originally Posted by Reece (Post 2415508)
Casino betting, nice one hedge fund managers betting on a remain vote and they crashed the stock exchange further than it would have gone last Friday. Time this sector cleaned out the rubbish. As for today looks like its all settling down for now.

Oberon 06-30-16 07:26 AM
Quote:
Originally Posted by Onkel Neal (Post 2415499)
I'm ahead of where I was on Weds of last week, thanks Brexit. Do it again, please.
Given what's going on with the two main parties at the moment that's not out of the question. :har:

Onkel Neal 06-30-16 07:58 AM
Don't I know it :wah:

Jimbuna 06-30-16 09:45 AM
Quote:
Originally Posted by Jimbuna (Post 2414244)
Just give it a week or two Onkel, the £ was at an almost all time low to the $ (1.32) early on so anyone buying at that rate can currently cash in at around 1.37, quite a tidy sum for those financial institutions looking for a quick profit and the rise will continue a bit further it is being predicted.

At one point bank shares were down 30% so imagine the gain to be made for those who bought at that rate and this is before Mr Carney (B o E) actually starts to do something for his high salary, for a change.

The 'experts' all predicted the large drops but fell short of stating their intentions to purchase during the lows and reap the benefits when the conditions levelled off, which they most certainly will, if not to the original highs but not too far off.

Money not only looks after money but it also makes more of it.
Told you so :smug:

Oberon 06-30-16 10:00 AM
Well, to be fair, the £ hasn't exactly made it back to pre-Brexit levels, it was 1.50 $ to £ before the results on Thursday night, and hasn't breached 1.37 since then. The FTSE100 is better now though, so that's something.

Kapitan 07-02-16 03:25 AM
Quote:
Originally Posted by Oberon (Post 2415648)
Well, to be fair, the £ hasn't exactly made it back to pre-Brexit levels, it was 1.50 $ to £ before the results on Thursday night, and hasn't breached 1.37 since then. The FTSE100 is better now though, so that's something.
To be honest i know it will affect me in the exchange when i go back and forth to the states but if we do become fully detached that sort of exchange rate is good for exports so in the long run a lower exchange could be rather handy.

pain in the ass if you want to go anywhere though

Schroeder 07-02-16 05:42 AM
Quote:
Originally Posted by Kapitan (Post 2416109)
if we do become fully detached that sort of exchange rate is good for exports so in the long run a lower exchange could be rather handy.
It's good for a country like Germany that exports more than it imports. The UK however doesn't actually export much. Even small countries like the Netherlands or Canada (which is only small in population of course) have a comparable volume of exports.
In 2015 there have been imports into the UK with a value of ~ 625,8 billion USD and only ~460,45 billion USD worth of exports. So as a net importer the UK will actually suffer from a weak(er) currency.

Catfish 07-02-16 09:34 AM
Quote:
Originally Posted by Kapitan (Post 2416109)
...pain in the ass if you want to go anywhere though
Yep, but since they prefer their splendid isolation, it will not affect them :O:

Seriously, the real outcome will only be visible in two years. The "catastrophy" some talked about has not happened, or been postponed.

wolfman Ben 07-02-16 09:50 AM
Quote:
Originally Posted by Rockstar (Post 2339098)
Chinas growth slowing. US stock market taking a header. DOW close to closing for seven minutes to regroup.


http://i758.photobucket.com/albums/x...en_no_head.gif
uh oh not good also I'm an interesting guy who likes sub sims

Jimbuna 07-02-16 10:27 AM
Quote:
Originally Posted by Kapitan (Post 2416109)

pain in the ass if you want to go anywhere though
I'll know that better when travelling abroad next summer.


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