London post-brexit as a financial center

Visaria said:
https://www.express.co.uk/finance/city/1063929/germany-news-finance-bankruptcy-eu-corporate

Germany CRISIS WARNING: Wave of bankruptcy to hit EU financial giant next year
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This is a serious news site folks. In other Express tabloid news today (Bold, all caps, and '' all copied directly from original site)

Biblical prophecy ‘FULFILLED’ after SECRET hidden Bible code CRACKED by experts
https://www.express.co.uk/news/weird/1082562/biblical-prophecy-fulfilled-bible-code-cracked-spt

This Time Next Year: Davina McCall SHOCKED by ‘frisky’ photos
https://www.express.co.uk/showbiz/t...cked-Change-Frisky-Photos-Pat-Weight-Loss-ITV

Passenger horrified when he spots a dead COCKROACH in his plane meal
https://www.express.co.uk/travel/articles/1082895/flights-air-india-cockroach-plane-food-passenger
 
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Sig said:
That's a hell of a reach. If you're going for doom and gloom I'd be hitting DB before a random shitty low cost carrier airline, those things go under all the time with pretty much jack for impact on the national economy of a Germany size country!
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What, 5 airlines bust in the last 2 years?
They are dropping out of the sky in Germany!
At this rate, the EU will need our airlines instead of banning them.
 
apdxyk said:
"If", as King Leonidas said thousands years ago...
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This is an "IF":

Visaria said:
https://www.express.co.uk/finance/city/1063929/germany-news-finance-bankruptcy-eu-corporate

Germany CRISIS WARNING: Wave of bankruptcy to hit EU financial giant next year
More...


My links to articles are real figures, no IF's. They are based on the past. Not what might happen in future.

Visaria always speaks about what might happen in future. And as he only answers selectively avoiding many of my arguments I put them in BIG LETTERS so that he maybe could read them better. But he clearly missed that. There is no wave of bankruptcy in Germany at this moment. But the UK broke all records in insolvency the last year and it is still happening. So I agree with your IF statement.
 
schweiz said:
The only thing Yngve Slyngstad is doing is buying or selling stocks. What he does has no impact on the economy. So his opinion is not relevant.

BMW on the other hand, has economical activities in the UK. They invest, import, export, create jobs, pay taxes... So while they are far smaller then the Norwegian pensionfund, their impact will be 100 times more important for the UK. If they leave the Uk will lose thousands of jobs. If Yngve Slyngstad leaves, by selling stocks, other investors will buy these stocks. So that will have no impact at all on the UK economy.

They interviewed the wrong person.
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The point isn't Slyngstad's investment, it's his opinion:

We expect business [...] to develop positively no matter the outcome.

...an opinion backed up by a significant investment.
 
monet said:
The point isn't Slyngstad's investment, it's his opinion:

We expect business [...] to develop positively no matter the outcome.

...an opinion backed up by a significant investment.
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He is an (probably) expert in investing but not in creating/operating a business. So to be expert in Brexit you should have a lot of experience in managing a business:
  • know import and export rules
  • know who is your competitor and what will be the impact of Brexit on your position vs the competition
  • what will be the extra costs and extra benefits after Brexit?
  • what about employees that are not British but work in the UK?
  • impact on delivery time of bought and sold materials that come from the EU
  • hundreds of other problems...
Slyngstad has no clue about all that. On top of that NOBODY knows exactly how the situation will be, even Slyngstad does not know that. So how can he predict how things will go? I am sure that all investments that Slyngstad did, are/were not winners. So he can be wrong too, he is not God/Allah. He does identicallly what a trader does too, he is guessing based on what he thinks is reliable information.

He clearly said "expect" which means he is not sure at all. But you changed his expectation in reality. You made a certainty out of a probability.

His "backed by significant investments" will be only clear after the Brexit as most companies wait for the final outcome before making huge costs for delocation. A lot of investments are already put on hold, especially in the car industry (BMW, Honda, Nissan, Jaguar-Landrover).
After the situation is clear financial institutions will calculate what to do. They will not do a multi million (billion) investment before they are 100% sure about the real situation.
 
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