With the European market crashing, the pound losing massive value overnight, many people not fully understanding what the EU was, and the millions of dollars it's going to cost to leave the EU, do you think the United Kingdom would vote to leave if they voted again today?
Personally I think they have some buyer remorse, but they realize the consequences are short term right now.
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In comment 13013166 Modus Operandi said:
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That isn't how this works.
Buford stated that business is fleeing the US because of over regulation. This flies in the face of everything that's intuitive.
As compton mentioned, assuming regulation is in fact onerous, large businesses can absorbed the any cost and pass it on. Small businesses like family print shops and pizzarias aren't just going to pick up shop and relocate to Mexico.
We know the cause of jobs moving oversees and it isn't our job to disprove buford's silly assertions. The onus is on her.
That's the easy way or the vindictive way if look at it that way.
And I agree. over regulation is more a main street problem than a wall street problem. Carl Jr's is a prime example, They just expand overseas and their stock will grow and everyone is happy except for those jobs lost on the lower end of the economic scale.
We'll just have to pick up that slack.
Or they get electronic kiosks to replace those workers. BTW, Obamacare and minimum wages are also regulations that cause companies to move jobs overseas. It's not just environmental regulations.
And the comments about 'so you don't want any regulations' are just silly. We are over regulated. Thousands of new regulations are passed each year. Someone who is in business can tell you that. But nothing will convince you if you don't want to believe it.
Lack of free trade agreements also causes jobs to move overseas. One of the auto makers said it was moving some production to Mexico not because of wages but because the Mexican-made cars are cheaper to export than US-made cars because Mexico has more free trade agreements.
Here you go.
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Once posted, it came up pay/subscribe.
Thanks, learned something today.
That or idiots.
But realizing where it came from came from, you gotta cut some slack if you know what I mean. :)
I couldn't get past the WSJ paywall either, but a "nice read" from a former diplomat doesn't sound worth it
Reuters Business Verified account
@ReutersBiz
BREAKING: Britain's FTSE 100 index recovers all losses from Brexit
8:43 AM - 29 Jun 2016
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Reuters Business Verified account
@ReutersBiz
BREAKING: Britain's FTSE 100 index recovers all losses from Brexit
8:43 AM - 29 Jun 2016
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It's the apocalypse, the world economy will halt. Only the elite lizard people will survive.
Quote:
Reuters Business Verified account
@ReutersBiz
BREAKING: Britain's FTSE 100 index recovers all losses from Brexit
8:43 AM - 29 Jun 2016
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1) I read a few days ago that FTSE 100 is a bad measuring stick because so many of those businesses earn a ton outside Britain. Is Brexit really bad for drugmakers AZ and GSK? Their US subs are still selling the same product in dollars in the US market. FTSE 250 is more broad based. It had a 6/23 high of 17333, fell below 15000 on 6/27, and is now at 16002. So still impaired but bouncing back significantly.
2) The markets are a terrible way to gauge anything other than the markets. Especially in this era to too much capital with nothing (literally) to put it in. Because interest rates are so low, big investors are taking on a lot of risk with equities.
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In comment 13013181 ctc in ftmyers said:
Quote:
In comment 13013166 Modus Operandi said:
Quote:
That isn't how this works.
Buford stated that business is fleeing the US because of over regulation. This flies in the face of everything that's intuitive.
As compton mentioned, assuming regulation is in fact onerous, large businesses can absorbed the any cost and pass it on. Small businesses like family print shops and pizzarias aren't just going to pick up shop and relocate to Mexico.
We know the cause of jobs moving oversees and it isn't our job to disprove buford's silly assertions. The onus is on her.
That's the easy way or the vindictive way if look at it that way.
And I agree. over regulation is more a main street problem than a wall street problem. Carl Jr's is a prime example, They just expand overseas and their stock will grow and everyone is happy except for those jobs lost on the lower end of the economic scale.
We'll just have to pick up that slack.
Or they get electronic kiosks to replace those workers. BTW, Obamacare and minimum wages are also regulations that cause companies to move jobs overseas. It's not just environmental regulations.
And the comments about 'so you don't want any regulations' are just silly. We are over regulated. Thousands of new regulations are passed each year. Someone who is in business can tell you that. But nothing will convince you if you don't want to believe it.
Lack of free trade agreements also causes jobs to move overseas. One of the auto makers said it was moving some production to Mexico not because of wages but because the Mexican-made cars are cheaper to export than US-made cars because Mexico has more free trade agreements.
How about its because Mexican auto workers make $15 per DAY?