savoy078

Yes, Brexit was a disaster for capital markets ... but mainly because most traders did not hedge their positions for such an eventuality. Most traders assume the Brits would never do something so silly. Yes, it is silly because Britain has a 75% export market and depends on the union in more ways than one.  London as the financial centre has been magnified for the past 10-15 years thanks to the free movement of labo ur, capital ... the flow on benefits of that cannot be minimised. WHAT IS LIKELY TO HAPPEN - REGRET: More and more Brits will regret their decision. There will be movements to garner sufficient support for a second referendum - even though that is not written in stone, it could be debated in Parliament if there is sufficient pressure. -  POLITICAL WILL: Cameron did what I considered the smartest chess move, and swiftly too, by resigning immediately. He is basically saying, you want to eat shit, then I am not going to be the one to open the door and scoop the shit. ...

If one were to ask why Proton should no longer exists ... or why Proton is finding it so hard to make money after such a long time ...: Most will cite the fact that we were uncompetitive (design, research, economies of scale, talent, domestic market). If thats not enough to convince you, well, look at the GLOBAL CAR INDUSTRY, and then see what you can CONCLUDE FROM THE PICTURE: Conclusion : Look at 99% of the auto makers, they are under ONE BIG UNIT. How in HELL or HEAVEN can Proton compete with these units. They will be able to share research costs, design costs, management processes, share backoffice expenses, sourcing economies of scale, buying power over suppliers and even distributors ... with the array of products, they can even "negotiate with leverage with governments and unions" to get tax breaks, incentives and cheap land for assembly and manufacturing. Naturally the bigger the grouping, the better the ability to attract and reward genuine talent. Even when you try ...

Every ten years or so, we will see the nouveau rich clambering over themselves to get a heady collection of French wines and try to outbid each other for the latest release from the first growths in France. I find it a bit infantile and elicit a lot of head shaking from the over-enthusiasm over French wines. Its not that they are not great, they can be. Its like fuckers who smoke cigars and just stick to Cubans because popular culture tells them thats the only thing worth smoking - BULLSHIT ... same with French wines - they are very good but you would miss out on so many wonderful nuances of wines from other countries if you held onto your biases. So, who perpetuates the myth that French wines are superior? The French themselves of course. the whole French language and character of the country cause a romance that stirs the air. Their well known arrogance and pooh-pooh anything not-French kind of exacerbated the snootiness - which I don't understand why the rest of the world stupid...