EU referendum, brexit and the aftermath

Based on JRM owning 15% of shares at SCM, he has had a £11m windfall in the last two years from SCM alone. A significant amount of that has come from Eurozone investments.

Yep, brain fart

Notable day: BBCR4 Today is extended beyond 9 O'clock News.
Febrile atmosphere in Westminster.

Well played Labour strategists.
Brexit fence-sitting has allowed the chasm within the Tory party to reduce the possibility of any form of brexit.

Surely they’ll wait for a last minute vote of confidence and get an extension should they win a GE!?

It's a difficult strategy to play, supposedly, as soon as Labour actively mobilise against the Tories, the Tories will unite, but then that begs the question, when will Labour do something if they are scared of uniteing the Tories. An opposition at some point will be a welcome addition to this mess, and one that is actually listening to it's membership!

she’ll be expected to resign

Does that count for anything these days?

I am coming to the point of thinking there is no strategy, just stupidity, self interest and complacency from all concerned.

When Brexit was posited it was just remain/leave and the permutations have become more and more convoluted. No one could have accurately predicted this level of ineptitude and increasing complexity. However it does seem that to do nothing leaves the labour party slightly less tainted than the government.

Tongue firmly lodged in check for that comment, dude. But many a true word spoken in jest...
;)

Anyone can make money from lucky trades in the short term. Clearly you've not seen his more recent performance.

He's been doing badly for some time, it is true - but I thought he was holding a large short position which will only (truly) pay off when the pound gets to parity with the dollar?

I am coming to the point of thinking there is no strategy, just
stupidity, self interest and complacency from all concerned.

When Brexit was posited it was just remain/leave and the permutations
have become more and more convoluted. No one could have accurately
predicted this level of ineptitude and increasing complexity. However
it does seem that to do nothing leaves the labour party slightly less
tainted than the government.

I think the complexity was probably predictable, the ineptitude I am staggered by.

Most people in the industry are unable to affect the outcome of movements in the markets, particularly on the macro scale (And regulation / legislation prevents them on the micro scale). And most make their money on volume, flow and spread, even arbitrage, rather than speculation.

But hedge funds of sufficient size do make the markets work for them, and will only often take positions where they are going to win on both upside and downside.

Mogg is in a position where he may very well have a material influence on outcomes, and certainly in a position with access to privileged information. And he doesn't appear fettered by integrity or good faith.

I am coming to the point of thinking there is no strategy, just stupidity, self interest and complacency from all concerned.

I'm amazed it took you this long to get here. This is British politics after all - 90% of these people don't actually care about what is best for the country. It is all just a game for them where getting into power is the only goal.

where getting into power is the only goal.

to be fair, you ain't gonna be making many changes for anyone if you're not in power.

It was in response to the notion that labour strategists had played it well.

Instead they have done fuck all. I doubt they could have predicted the staggering ineptitude and self serving cuntery that has got us to this position. No flow chart two years ago indicated this is where we would be now.

I agree.
We've had 30-odd months of the Tory split deepening, widening and intensifying. It could have been ignored along the line of the scare stories that some of the talking heads remember to trot out the line of 'a Marxist Corbyn government'.
PMQs should be revealing.

That January 21st deadline now looks fanciful.

I have to sit through hours of fucking anti-bribery and explanations of PEPs and this motherfucker openly and proudly broadcasts how he falls foul of it and gets away with it.

I await someone to theorise all of the last two years was cleverly orchestrated just so there is no meaningful vote and we are forced to crash out with a no deal Brexit.

A GE would surely have a very low turn out and a very strange demographic composition.

PEPs

Politically Exposed Persons! we're dealing with understanding this nonsense at work as well atm

i need a holiday.

If only Canada wasn't so cold.

All of the last two years was cleverly orchestrated just so there is no meaningful vote and we are forced to crash out with a no deal Brexit.

Done.

This! Possibility for us.
Victoria or Vancouver aren’t so bad

So many conspiracy theories to believe in just now. Most of them are probably true.
My favourite is that a bunch of May supporters sent letters to 1922 committee forcing a vote expecting her to win well enough. Rules say there cannot be another challenge for 12 months and so the ERG rats are forced into a trap and cannot force a coup.