Keep Calm And Carry On, It Is Not All Doom And Gloom.

[anotheoldgit]

http://www.dailymail.co.uk/news/article-3665436/Brexit-Brexit-FTSE-100-opens-1-6-approaches-pre-EU-vote-high-pound-rises-again.html

[naomi24]

Jim, V_E asked you a straightforward question relevant to your post at 15.48. You’ve avoided answering it.

[vetuste_ennemi]

I'm not asking you to indulge in pointless speculation about alternative futures, Jim. My point (the one which for me is the SOLE issue) is that as a sovereign nation we will be free to attempt to solve our problems by those means which seem appropriate to US; OR, on the other hand, compound them; OR even (Heaven forfend!) create new ones. Within the EU we are the creatures of unelected Eurocrats.

[jim360]

I think we both know that BoJo's rush to the Leave camp was politically motivated more than anything else. As to the rest -- I don't accept his analysis of the negatives anyway, but at least I provided a link so I don't think you can go down the "why do you do it" line.

Not a surprising reaction, anyway. Perhaps I did misrepresent BoJo's views but, equally, he did see some positives in the EU and I suspect some in the Brexit camp right now are falling over themselves in a rush to deny any possibility that the positions advocated by that side were even slightly dishonest, misleading or just plain wrong.

[Khandro]

Against both the Dollar and the euro the pound is rising steadily, talk of a 'huge drop' isn't really an accurate assessment, if you look at today's graph;
http://www.x-rates.com/graph/?from=GBP&;to=EUR&amount=1
You see that during the week prior to the referendum speculators drove the pound upwards to a high level and it was from there it fell sharply, it will soon be back to where it was before, especially for my forthcoming visit. :0)

[jim360]

If you'll forgive my dodging it once again, I don't really accept the premise of the question, so I can't see how I can answer it. We aren't a "vassal of the EU", and never have been, as far as I'm concerned.

I don't think the UK is any better-placed to solve its problems now, or more accurately in a few years' time, than it would have been from within the EU. I also don't think that the problems the UK experiences are unique to this country, and so they are better tackled as part of a co-operative arrangement.

[naomi24]

Jim at 15:46 this isn't about Boris Johnson's purposes or intentions. It's about you misrepresenting his views, which by your own admission you did. I think the 'Why do you do it?' absolutely relevant and if you want to retain credibility it's something you should think about. Spinners always get caught out.

[jim360]

Re Khandro: Graph truncation is a real problem in this, so while the premise that the pound is recovering is correct it depends in part on what "before" means. At the moment £/$ is at levels last seen in the 2008-2009 crash, and then only briefly over the course of a single day. At present recovery rate, by early next week it might be back up to levels last seen in February. This doesn't mean that Brexit is now looked on favourably. It's just the inevitable bounce-back from an aggressive fall prompted by reaction to an intent to change without any actual change.

[jim360]

But then I'm arguing that you are misrepresenting his views, and those of the Leave campaign, in kind.

This debate's set to roll on and on.

[naomi24]

Jim, I haven't presented his views so I certainly haven't misrepresented them. I expect this sort of thing from dingbats but it disappoints me when intelligent people attempt to give credence to their argument in this way.

[Khandro]

jim; //At the moment £/$ is at levels last seen in the 2008-2009 crash//
This absolute nonsense. At that time it appeared the Euro and the pound were heading for parity, which they almost did.
http://www.x-rates.com/average/?from=EUR&to=GBP&amount=1&year=2008

[jim360]

In other threads you have been, Naomi, but whatever.

Khandro, I'm not sure what you are on about. The pound currently gets 1.35 dollars. Aside from the last few days, the last time the pound was that low was at the end of January in 2009, as I stated (eg http://www.dailyfx.com/gbp-usd ).

[jim360]

It occurs to me Khandro that you might have been referring to the pound against the Euro. Just to be clear, I wasn't. So in that sense we're both right.

[naomi24]

Jim, hang on. Never mind 'whatever'. On other threads I have been what?