[QUOTE=-nesto-;51895893]But everyone was saying our market would crash like the pound during Brexit :thinking:[/QUOTE]
if they dont secure their free trade agreements, i can tell you right now rolls royce stops all production immediately and airbus, boeing and a basically anyone who uses their engines gets fucked over as well. a crapload of british manufacturing relies on parts and customers outside britain and some like RR is redundant and could be replaced by compeditors and with things like engine deals being hashed out years in advance, RR is probably sweating bullets right now or planning to move production out of britain to maintain some output and get contracts.
brexit hasnt begun yet, the old rules are still in play
[QUOTE=Chonch;51896316]Having read through the shareholder meeting minutes of at least six large-cap companies at work today, I respectfully disagree. The private sector can see that Republicans have a clear path to implement most if not all of their planned economic policies through Trump, and they are banking on lower taxes, greater investment in infrastructure, and deregulation of the financial industry. They are communicating this certainty to their shareholders, and the shareholders are responding by buying more stock in anticipation of a real boom--not knowing that the effects are far from immediate, and the policy hasn't even been drafted yet.[/QUOTE]
So you're saying the markets are doing well because everyone [I]thinks[/I] that Donald Trump will help the markets? Despite no real policy being enacted?
[QUOTE=Lambeth;51897591]So you're saying the markets are doing well because everyone [I]thinks[/I] that Donald Trump will help the markets? Despite no real policy being enacted?[/QUOTE]
What he's saying is that we're seeing another rapid, unsustainable growth bubble based on optimism.
We've had very recent experience knowing just how that goes.
[QUOTE=Lambeth;51897591]So you're saying the markets are doing well because everyone [I]thinks[/I] that Donald Trump will help the markets? Despite no real policy being enacted?[/QUOTE]
Welcome to any form of monetary incline/decline. The item is only worth as much as the story behind it. If you cannot sell the story, the item is worth shit usually.
[QUOTE=JoeSkylynx;51898103]Welcome to any form of monetary incline/decline. The item is only worth as much as the story behind it. If you cannot sell the story, the item is worth shit usually.[/QUOTE]
Hell, that's money in and of itself. The only reason we even value money is because everyone says it has value, every says that it is worth the story behind it.
[QUOTE=Lambeth;51897591]So you're saying the markets are doing well because everyone [I]thinks[/I] that Donald Trump will help the markets? Despite no real policy being enacted?[/QUOTE]
If you had a bunch of stock traders in a minibus headed towards a cliff, you'll have one of them say "I'm bullish" and the rest are still saying "I think we could go faster" when they're going over the cliff. Stocks aren't based in real value - Microsoft didn't become twice as valuable over the last few years, but the market sure think they did. Or maybe they were undervalued. Either way, if people agree that the market is going up and it's a good time to buy, the market is going up. That's just how it works.
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