Shares rocket to their highest since 2011!!!!

[Paul Waine]

some interesting points as usual but absolutely nothing new, same regurgitated bytes, only thing I 100% agree with is that we will never know the real results until 2 - 5 10 years out, then all the warriors on here can come back and brag about how right they were. Until then it is simply adjustments to the world in general, not like the market or pound never fell before Brexit is it!!

There is a market out there, there is currency out there are commodities out there, all present an opportunity to make money even when falling. Always has been, always will be.

Hi Kate, agree with all you say above.

The impressive thing about the FTSE 100 is that these are the top 100 companies listed on the London stock exchange. Nearly all of these shares are global corporations. Many of the largest are commodity companies (Shell, BP, Glencore, BHP to name a few). Most of the commodity companies business is not in the UK. They do their business in USD. All 4 of those I've named prepare their accounts also in USD. So, commodity prices and USD/GBP exchange rate moves can move FTSE 100 - and none of it says anything at all for what is happening in the UK economy.

Of course, it's important that we have the London stock exchange and all the other "city of London" activities that are the reason why global companies choose to list in London. The Labour party manifesto shows no understanding of this - though I wouldn't claim that the current level of FTSE 100 is any comment on JC's plans for the UK economy.

[kentonclaret]

Not only "Remainers" but Theresa May is also warning of a bumpy road and financial hardship to come for the ordinary working people of Britain.

Speaking outside No.10 recently denouncing EU dirty tricks the following warning formed part of Theresa May's speech.

"Because, while there is enormous opportunity for Britain as we leave the EU, if we do not get this right the consequences will be serious. And, they will be felt by ORDINARY WORKING PEOPLE across the country."

Just walking away from the Brexit negotiations with no trade deal would be a definition of "not getting things right".

[Lancasterclaret]

But how can that be?

David Davis promised us a free trade deal. You, no, you can't be suggesting, dare I say it? that he's actually full of ****?

Will people still be able to afford blue passports and flags?

[kentonclaret]

"Leavers" keep reminding everybody that they haven't yet seen "financial meltdown".

Well, I haven't yet seen "an extra £50 million a day for the NHS" desperately needed as nurses are leaving the profession in droves due to poor pay and outdated IT seems need upgrading.

Turkey's membership of the EU being "fast tracked" as continually claimed by Boris Johnson during TV debates and interviews with warnings of floods of Turkish migrants coming to Britain. Turkey's EU membership highly unlikely since the country is almost a dictatorship without any press freedoms.

Perhaps it is because we haven't left the EU yet and all of these things are in the pipeline.

[Lancasterclaret]

BLUE PASSPORTS! FLAGS! WAVE THAT FLAG REMOANER!

(anyone remember Claret Moffits bet? If this doesn't get him out, nothing will!)

[nil_desperandum]

(anyone remember Claret Moffits bet? If this doesn't get him out, nothing will!)

No, what was it? (or have there been more than one?).

[Lancasterclaret]

He's not allowed to comment on political threads till after the election!

[dsr]

Just walking away from the Brexit negotiations with no trade deal would be a definition of "not getting things right".

On the other hand, signing up for whatever the EU offer would also be a definition of "not getting things right". We already know that Labour policy would be to grant EU citizens in the UK permanent residence rights, while letting UK residents abroad fend for themselves; to agree to something, anything, as long it gives EU companies free access to British markets; and to pay umpty billion leaving fee. I don't know how much access to the EU market is worth for the British economy, but the asking price at present is 12 years' annual net contribution just to start negotiations.

"making a deal" isn't synonymous with "getting it right". The Southampton negotiating team were told to make a deal for Wayne Thomas. They did. But "no deal at all" would have been a better option.

[nil_desperandum]

On the other hand, signing up for whatever the EU offer would also be a definition of "not getting things right". We already know that Labour policy would be to grant EU citizens in the UK permanent residence rights, while letting UK residents abroad fend for themselves;.

That's not what it says in the Labour manifesto.

[Man of Kent]

Has there been any evidence on this board (or any political debate since the referendum or the election were announced) where all of this entrenched political rhetoric that is thrown around on this FOOTBALL message board has altered or changed a single person's existing political views or voting intentions?

Surely, the vast majority of, if not all, people who are arguing and ranting about their political views on this board are already fixed in their views and decided in their future voting intentions anyway.

No matter what arguments are put forward and what 'evidence' is quoted in these divisive political spats, the die is surely already cast and these debates do little more than wind up those who have opposing views. Moderators: can we have a separate section on this board - away from 'The Bee Hole End' - where those who want to ramble on until they are blue in the face about Brexit, the election and their own political views can continue in their futile attempts to influence and sway others, while those who want to discuss football, our team and our club can do it in an atmosphere of neutrality, peace and fraternity?

[UpTheBeehole]

dsr's just made that up.

[quoonbeatz]

We already know that Labour policy would be to grant EU citizens in the UK permanent residence rights, while letting UK residents abroad fend for themselves;

assuming 'we' means 'people who can't read' given that anyone who can read knows the opposite.

[dsr]

"A Labour government will immediately guarantee existing rights for all EU nationals living in Britain and secure reciprocal rights for UK citizens who have chosen to make their lives in EU countries. EU nationals do not just contribute to our society: they are part of our society. And they should not be used as bargaining chips."

That's what it says. That they will immediately guarantee existing rights for EU nationals in Britain, I don't doubt. That will be easy. But where is the detail on how they will secure reciprocal rights for UK citizens living abroad, without bargaining? Do they just say a magic word and all the EU countries jump to their command?

[UpTheBeehole]

The bargaining is that the UK secures the rights of EU nationals. It's the simplest issue to solve within these brexit talks.

[RingoMcCartney]

Employment hits 43 year high.

What happened to "a vote to leave would see confidence in the UK economy vanish overnight!?"

Or, "voting Leave would be like putting a nuclear bomb under the economy"

Despite Remoaner lies ,it's a post referendum boom I tell thee!!

[UpTheBeehole]

Pay growth below inflation

Evidence of a post-referendum slump, affecting British households hard. The British people cannot afford 12 straight years of Tory rule.

[RingoMcCartney]

Pay growth below inflation

Evidence of a post-referendum slump, affecting British households hard. The British people cannot afford 12 straight years of Tory rule.

Employment at a 43 year high , is a slump!!!

You don't think Blackburn Rovers have just won the premier league do you!?

[UpTheBeehole]

Employment stats mean nothing when millions of people are classed as 'employed' yet are bringing in next to nothing on zero-hour contracts.

[nil_desperandum]

"A Labour government will immediately guarantee existing rights for all EU nationals living in Britain and secure reciprocal rights .....?

In other words - as they are in the same sentence, it means at the same time, and given that this is what the EU have already said they will prioritise, I don't know why you choose to read it differently to everyone else.

[quoonbeatz]

its pretty obvious why he chooses to read it differently.

[South West Claret.]

Dow and Footsie 100 down this afternoon (the Trump factor) dollar down = Gold up.

[ebby]

Ever since last November the stock market & my Pension/Superannuation have been going through the roof and there is only one reason for it:

DONALD TRUMP

Just wish all the Left Wingers, Democrats, Greenies, Liberals, Labour supporters and their media outlets, especially the Guardian and BBC etc would leave him alone for a few days and focus on something else.

The Western world has been in Limbo for the last 8 years under Obama.The US and Europe are/were second rate citizens compared to the storm coming from the East - China.

[South West Claret.]

Our ft100 has only been up over the last year or so because of the £s weakness due to the Country voting to leave the EU.

Been covered above by other posters.

[kentonclaret]

Whatever good economic news there might be is a consequence of us still being a member of the EU. Certainly nothing to do with Brexit.

Gather ye rosebuds while ye may.

[dsr]

In other words - as they are in the same sentence, it means at the same time, and given that this is what the EU have already said they will prioritise, I don't know why you choose to read it differently to everyone else.

No, Theresa May has said for months that this could easily be done on a quid pro quo basis and it's the EU that says it must be discussed with the rest of the issues. The Labour party in government could immediately guarantee the rights of EU citizens over here, but could not immediately guarantee the rights of UK citizens over there.

[claretdom]

Anyone seen Nick Cleggs mum recently ?

Last I heard he was expecting her to be kicked out the country the day after brexit.

[nil_desperandum]

No, Theresa May has said for months that this could easily be done on a quid pro quo basis and it's the EU that says it must be discussed with the rest of the issues. The Labour party in government could immediately guarantee the rights of EU citizens over here, but could not immediately guarantee the rights of UK citizens over there.

Why do you have to contradict everything when it comes to the EU, when all the evidence is there that you are wrong?
You often make good points but your failure to accept or acknowledge some obvious realities tends to undermine your position.
SATURDAY APRIL 29th
HEADLINE
Brexit: Rights of EU citizens are 'top priority' as member states agree on negotiation tactics, Donald Tusk says
The rights of European citizens living in the UK after Brexit are the EU’s top priority in negotiations, Donald Tusk has said.

The European Council president said reciprocal guarantees, which would also provide security for Brits living in Europe, were key issues to be addressed before talks turn to trade deals.

Mr Tusk and European Commission president Jean Claude Juncker both highlighted the importance of the matter as leaders of EU member states agreed on their joint negotiating strategy for talks set to commence after the General Election.

"This must be the number one priority for the EU and the UK," said Mr Tusk

That's what the EU says, and it's pretty much exactly what the Labour Party Manifesto says.

[South West Claret.]

Let's try once again for those that still don't understand.

England narrowly votes out of Europe, £ weakens, roughly 70% of the Company's listed on the ft100 benefit from lower £ = the ft100 rises...Got it?

[barba]

The single biggest factor for asset appreciation in the last decade is QE. The ECB for example has bought €4tn of sovereign and corporate debt and is still purchasing billions per month.

This is the drug that both central banks and investment houses cannot wean themselves off.

Even the mere talk of unwinding leads to
Bond, equity and currency markets freefalling.

To markets not the UK consumer I don't see Brexit as the biggest risk. It is mixed with other geo political risks.

Euro banks (Italy) oil, china property market, inflation, interest rates, QE and the US consumer (auto loans / student bankruptcy) paint a potential bleak future.

With the next cyclical recession closer than the last I've moved majority of my clients out of gilts and most fixed income, short duration aside.

Anyone over 55+ should really be taking the time to understand how much risk they are taking. A typical 'balanced' fund can easily shed 30% +

[Healeywoodclaret]

You haven't got a clue..one of the biggest know-all gobshytes on here, and it's a competitive field.

Er no I think you've got that accolade Hampstead.

[KateR]

Has there been any evidence on this board (or any political debate since the referendum or the election were announced) where all of this entrenched political rhetoric that is thrown around on this FOOTBALL message board has altered or changed a single person's existing political views or voting intentions?

Surely, the vast majority of, if not all, people who are arguing and ranting about their political views on this board are already fixed in their views and decided in their future voting intentions anyway.

No matter what arguments are put forward and what 'evidence' is quoted in these divisive political spats, the die is surely already cast and these debates do little more than wind up those who have opposing views. Moderators: can we have a separate section on this board - away from 'The Bee Hole End' - where those who want to ramble on until they are blue in the face about Brexit, the election and their own political views can continue in their futile attempts to influence and sway others, while those who want to discuss football, our team and our club can do it in an atmosphere of neutrality, peace and fraternity?

did someone upset you, get out the bed wrong side?

Many people on here have said they will not be voting the way they always have so yes quite a few changed there mind.

The political posts are easy to spot, surely you can say I wont open that, it's not about football!? Plus this is a Burley FC site, shall we also limit the football only if it pertains to BFC?

Hopefully you will have sense not to open this reply because you do (and everyone else here) know its about politics!

[Paul Waine]

The single biggest factor for asset appreciation in the last decade is QE. The ECB for example has bought €4tn of sovereign and corporate debt and is still purchasing billions per month.

This is the drug that both central banks and investment houses cannot wean themselves off.

Even the mere talk of unwinding leads to
Bond, equity and currency markets freefalling.

To markets not the UK consumer I don't see Brexit as the biggest risk. It is mixed with other geo political risks.

Euro banks (Italy) oil, china property market, inflation, interest rates, QE and the US consumer (auto loans / student bankruptcy) paint a potential bleak future.

With the next cyclical recession closer than the last I've moved majority of my clients out of gilts and most fixed income, short duration aside.

Anyone over 55+ should really be taking the time to understand how much risk they are taking. A typical 'balanced' fund can easily shed 30% +

Just to "qualify" the "like" - it's the analysis that I recognise as carrying a lot of truth. I don't like the risks we all face with our pensions - and that applies to the younger savers, also, though they will have many years for their pensions savings to recover from another downturn.

[thatdberight]

Weak pound explains all.

I thought, last time we were being told this that the FTSE250 is the proper measure? But that's up more than the drop in sterling? Or is it something else we need to look at now?

[Burnley Ace]

Why do you have to contradict everything when it comes to the EU, when all the evidence is there that you are wrong?
You often make good points but your failure to accept or acknowledge some obvious realities tends to undermine your position.
SATURDAY APRIL 29th
HEADLINE
Brexit: Rights of EU citizens are 'top priority' as member states agree on negotiation tactics, Donald Tusk says
The rights of European citizens living in the UK after Brexit are the EU’s top priority in negotiations, Donald Tusk has said.

The European Council president said reciprocal guarantees, which would also provide security for Brits living in Europe, were key issues to be addressed before talks turn to trade deals.

Mr Tusk and European Commission president Jean Claude Juncker both highlighted the importance of the matter as leaders of EU member states agreed on their joint negotiating strategy for talks set to commence after the General Election.

"This must be the number one priority for the EU and the UK," said Mr Tusk

That's what the EU says, and it's pretty much exactly what the Labour Party Manifesto says.

But it's quite clearly not. Labour would give the rights immediately and the EU would make it a top priority In negotiations.

[thatdberight]

Why do you have to contradict everything when it comes to the EU, when all the evidence is there that you are wrong?
You often make good points but your failure to accept or acknowledge some obvious realities tends to undermine your position.
SATURDAY APRIL 29th
HEADLINE
Brexit: Rights of EU citizens are 'top priority' as member states agree on negotiation tactics, Donald Tusk says
The rights of European citizens living in the UK after Brexit are the EU’s top priority in negotiations, Donald Tusk has said.

The European Council president said reciprocal guarantees, which would also provide security for Brits living in Europe, were key issues to be addressed before talks turn to trade deals.

Mr Tusk and European Commission president Jean Claude Juncker both highlighted the importance of the matter as leaders of EU member states agreed on their joint negotiating strategy for talks set to commence after the General Election.

"This must be the number one priority for the EU and the UK," said Mr Tusk

That's what the EU says, and it's pretty much exactly what the Labour Party Manifesto says.

But it's not what Labour say. The whole para says, "A Labour government will immediately guarantee existing rights for all EU nationals living in Britain and secure reciprocal rights for UK citizens who have chosen to make their lives in EU countries. EU nationals do not just contribute to our society: they are part of our society. And they should not be used as bargaining chips."

You can read the first part either way. Either "guarantee" and "secure" are two separate actions or the "guarantee" and "secure" are simply two parts of the same, simultaneous process. It's really not possible to say one way or the other but given that "immediately" means "Day One" (Keir Starmer 24 April) it's difficult to see how we would not end up in a position on 9th June where EU citizens had their guarantee but UK expats did not. Add to that the last sentence (let's not even get into the quality of its construction), "... they should not be used as bargaining chips". That's clear. It's not a negotiating point. It will be given as a quid pro nihil. Unless, of course, you think Labour mean, "They should not... but we might", which I don't think they do.

Many will think it's right to give the guarantee on the, probably valid, assumption that the EU will reciprocate (although even here people should not underestimate the complexity of those things which we are and are not entitled to as citizens). But it's not true to pretend Labour's position is as, errmmm, conservative as the Conservatives'... or the EU's.

[Man of Kent]

did someone upset you, get out the bed wrong side?

Many people on here have said they will not be voting the way they always have so yes quite a few changed there mind.

The political posts are easy to spot, surely you can say I wont open that, it's not about football!? Plus this is a Burley FC site, shall we also limit the football only if it pertains to BFC?

Hopefully you will have sense not to open this reply because you do (and everyone else here) know its about politics!

Yeah you're right. I couldn't be bothered to open this thread because I knew it would contain even more tiresome politics and some terrible spelling too!