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‘Thank goodness for Boris’: Hedge fund managers see Brexit chaos as a ‘free lunch’ for traders

Discussion in 'General Discussion' started by SirGalahad, 8 Aug 2019.

  1. SirGalahad

    SirGalahad

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    https://www.businessinsider.sg/boris-johnson-hedge-funds-currency-traders-no-deal-brexit-2019-7/

    However, Baron O’Neill, who advised David Cameron’s government, said on Tuesday that his former colleagues in the industry saw the push to a no-deal Brexit as a “chance to make some money.”

    O’Neill told the BBC Radio 4 World at One programme that UK government figures “deliberately promoting the no-deal Brexit risk” were allowing traders to benefit.

    “I’m pretty sure that a lot of big foreign exchange and hedge fund type people are… probably looking at what’s being said coming out the UK as almost close to a free lunch,” O’Neill said.

    “The world I was in a lot of them are saying thank goodness for Boris, he’s giving us a chance to make some money.”

    MOTman and his band of brexiteer useful idiots.
     
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  3. Hopefully they'll lose their shirts if it's all cancelled, cements my view that capitalism has no place in a globalised economy.
     
  4. festive

    festive

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    Ok back from my small vacation and here we go :D

    What a load of drivel...newsflash market volatility gives some big winners (and losers). Oh and it's got brexit in there and Boris... awesome. :D

    Spin it how you want we now have a PM who isn't ****ing about he's making a firm decision and sticking to it. I say fair play to him, if he turned round tomorrow and said no fck off we are not leaving the EU this is why i would still support him, what i can't stand is some faggot leader to scared to challenge anyone in case they're a woman or a lesbian or a Jew or whatever. Crack on Boris.
     
  5. SirGalahad

    SirGalahad

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    First whats causing the market volatility - lol - our wreckless approach to the cliff edge.

    Oh no you wouldn't support Boris if he cancelled Brexit, it negates your first ponit "making a decison and sticking to it". So in the space of one sentence you contradicted yourself.

    Think you need a few more days off. I hope the holiday was worth it. :mrgreen:
     
  6. SirGalahad

    SirGalahad

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    What do you mean by that. Capitalism and Globalism are incompatible?
     
  7. Because it globalises the ponzi scheme, after all capitalism is winner takes all, bad enough in a single market, disastrous in a global one. Been proven to lead to disorderly collapses in society.
     
  8. festive

    festive

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    Sounds like you need one my little 'NHS mentor' oh yes i would support him, unless you know me more than me? I know on occasions your apparent schoolboy wisdom has had me sussed, but you're still just standing on the platform attempting to p1$$ in im afraid young man. :p
     
    Last edited: 8 Aug 2019
  9. SirGalahad

    SirGalahad

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    Sunstroke or meds shortage. I cannot make head nor tail of that response.
     
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  11. SirGalahad

    SirGalahad

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    • Like Like x 1
  12. festive

    festive

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    Most brits would understand me perhaps you're an immigrant :LOL:
     
  13. SirGalahad

    SirGalahad

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    Ohhh Yess Carry on :LOL:
     
  14. noseall

    noseall

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    That's because it coincided with his evening spliff.
     
  15. fillyboy

    fillyboy

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    Eh?
     
  16. Notch7

    Notch7

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    On paper, that is kind of true.

    But the reality is that the vast majority of countries are mixed economies, neither capitalist nor socialist.

    The UK is a mixed economy.

    The strive for profit generates innovation -which is only possible in private hands.

    If you remove the opportunity for ambition, you remove innovation......which is why North Korea doesnt lead the world in technology

    Regulation is needed to reach a fair compromise between allowing those with ambition to succeed and the need for rules to ensure society is fair.


    We are in a new age of the digital world and automation.......which are changing the rules.

    The digital age has removed physical borders, it makes regulation far more difficult.
     
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