Author Topic: Brexit  (Read 23727 times)

ergophobe

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Re: Brexit
« Reply #105 on: May 02, 2017, 09:47:31 PM »
The Greatest Generation!

littleman

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Re: Brexit
« Reply #106 on: May 02, 2017, 11:35:55 PM »
...but it isn't the WW2 gen making the call anymore.  I would argue that they were more rational considering the information they had available at the time.  The macro level decisions we are making today are on Boomers and GenXers.

rcjordan

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Re: Brexit
« Reply #107 on: July 21, 2017, 10:58:04 PM »

aaron

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Re: Brexit
« Reply #108 on: July 22, 2017, 03:28:27 PM »
Even as a traveler with little know how one should know the airport & corner exchange shop are horrible. It is not uncommon to see a 20% or even 30% spread between some of the fairly common currency pairs. Not sure how many locals use those services though as the post office there offers reasonably tight spreads for fairly small cash exchange.

At £400 their rate is €1.0886. It goes to €1.0914 @ £500 & €1.0931 @ £1,000.
http://www.postoffice.co.uk/foreign-currency

That's around a 20% difference between their rates and those scammy rates offered at airports.

I guess I understand absurd rates if you are cashing in rarely used Turkish Lira or some exotic far away currency, but if someone else is profitable at 20% difference for the same exact thing, that's an atrocious rate.

To put that 20% craziness in perspective, after Brexit vote the currency shift was about 10%.
https://www.theguardian.com/business/2016/jun/23/british-pound-given-boost-by-projected-remain-win-in-eu-referendum
So you'd need a couple more unforeseen and/or heavily bet against black swans like Brexit to make that exchange rate reasonable.

according to Oanda
https://www.oanda.com/currency/converter/
the spot rate for £ to  €  is €1.11460.

Post Office spread
1.1146-1.0914=0.0232
0.0232/1.1146= 2.08% spread

exchange shop spread
1.1146-0.88=0.2346
0.2346/1.1146=21.04% spread

relative spread
21.04/2.08= charging 10.115X the cost for the exchange service as one can get as a walk off the street service at the post office

even a Travelex card looks like an extreme deal compared to those terrible currency exchange shops.
https://www.travelex.co.uk/currency/about-currency/euros
« Last Edit: July 22, 2017, 03:30:51 PM by aaron »

rcjordan

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Re: Brexit
« Reply #109 on: October 16, 2017, 01:08:06 PM »
reddit comments worth a read;

https://www.reddit.com/r/worldnews/comments/76p8ui/brexit_is_turning_into_a_disaster_says_vote_leave/


The macro view from my feeds' headlines indicate that the UK politicos in charge of Brexit seem to be getting some sort of reality check.   From what we see in the US, my sense of it says it's going to cost a lot more than the initial projections.

rcjordan

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Re: Brexit
« Reply #110 on: November 12, 2017, 03:13:06 PM »
Here's the first evidence Russia used Twitter to influence Brexit

http://www.wired.co.uk/article/brexit-russia-influence-twitter-bots-internet-research-agency

littleman

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Re: Brexit
« Reply #111 on: June 11, 2018, 06:12:20 PM »
Quote
Investigations by the Sunday Times and the Observer newspapers revealed the Leave campaign’s biggest backer, businessman Aaron Banks, met with Alexander Yakovenko, the Russian ambassador to the U.K., at least three times in the months leading up to the vote to exit the European Union, and even invited him to a Brexit results party in Westminster.

Banks also exchanged emails with the embassy and other Russian officials, including Alexander Udod, a diplomat who was subsequently expelled from the U.K. over the poisoning of Sergei Skripal and his daughter.


https://news.vice.com/en_us/article/zm8gz9/trump-russia-aaron-banks-brexit-farage

rcjordan

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Re: Brexit
« Reply #112 on: June 12, 2018, 01:58:35 PM »
Going all pear-shaped.

buckworks

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Re: Brexit
« Reply #113 on: July 06, 2018, 01:24:10 PM »
>> pear-shaped.

Say more.

rcjordan

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Re: Brexit
« Reply #114 on: July 09, 2018, 03:36:36 PM »
>say more

I was hoping a Brit would jump in.  At the time, "pear-shaped" was more of a feeling or intuitive guess I Debbie drew from the large cloud of headlines I she saw running through my her feeds. Looks like I she might have been right, Boris resigned today.
« Last Edit: July 09, 2018, 03:38:34 PM by rcjordan »

Rupert

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Re: Brexit
« Reply #115 on: July 09, 2018, 06:03:56 PM »
Pear Shaped.. yes, feels like it....

The problem is, Brussels does not want us to go, so they wont agree to anything we come up with. It will be messy. 
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Brad

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Re: Brexit
« Reply #116 on: July 09, 2018, 07:30:04 PM »
Brexit or no Brexit I wouldn't bet on their being a EU in 10 years.

rcjordan

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Re: Brexit
« Reply #117 on: July 10, 2018, 01:48:55 AM »
The End of the Brexit Illusion
The grand promises of withdrawal from the European Union run aground on the tedious and technical details that campaigners ignored.

https://www.theatlantic.com/international/archive/2018/07/the-end-of-the-brexit-illusion/564725/

Quote
They have resigned in protest that the plan is not fantastical enough, that it does not rely enough on fairy dust and magic wishes.

BoL

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Re: Brexit
« Reply #118 on: July 10, 2018, 08:53:07 AM »
>details that campaigners ignored.

That's how I'm seeing it. Boris Johnson likes sounding like Churchill but totally lacks the cahonas, and TBF has walked away from the problem twice. A coward.

The whole charade feels a bit like England has an identity crisis. Hopefully they win the World Cup and call the whole thing off.

Rupert

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Re: Brexit
« Reply #119 on: July 10, 2018, 09:03:13 AM »
Quote
As time dribbles away, the British government has backed into ever-greater concessions to the European Union point of view—without coming any closer to a finished agreement by the deadline of March 29, 2019.

They apparently have no choice.  The EU will not negociate.  So whatever we want it is going to be a hard Brexit. imho.

(aside) .
To me the free movement of people from the EU is not an issue, and never should have been. Half the people who voted, voted it seems because of that and that was STUPID.   Yet still they are trying to control it in Brexit. If you consider immigration a problem, then the issues are from the rest of the world.  And it a big IF.

 The only reason to leave, was because the EU is not a democracy (OK what is? ), but at least we can remove our govt. The rules from the EU are too far reaching, sometimes more than the US system of Federal law it seems.
They are self serving leaders, who are corrupt.  That why we should have voted out. (rant over)

Quote
Hopefully they win the World Cup and call the whole thing off.
;)
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