(July 12, 2016 at 2:07 pm)Napoléon Wrote:(July 12, 2016 at 10:56 am)Minimalist Wrote: So the DOW and the S&P 500 have set new record highs in the last two days. It seems that we have moved on and left you Brits to your fate.
Oooohhh lines on a graph, compelling.
Look at these ones:
https://www.google.co.uk/webhp?sourceid=...ftse%20100
https://www.google.co.uk/webhp?sourceid=...ftse%20250
The FTSE 250 is the same as what it was 3 months ago. The FTSE 100 is doing better than what it was 3 months ago. You look at the DOW, and both FTSE's over a 5 year span and they're trending about the same.
See what you wanna see Minnie.
That's because the FTSE is being valued in pounds which has remained tanked. The FTSE companies are doing better because the pound is weak and it means they become more competitive.
But this means that living costs are much higher for the rest of us because Britain is a net importer (as argued by Brexiters as to why the EU will want to trade with us).
So yes, well done, you've all voted to make yourself poorer so corporations can become more profitable.