FabSwingers.com > Forums > Politics > Crispin Odey
Crispin Odey
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"No... When the super rich use their wealth and the wealth of others they control to further enrich themselves at the cost of everyone else, that is good business. If they manipulate the population to vote for policies that further enrich the rich to the detriment of those voting that is clever politics. If the two above can be combined then the manipulator becomes a 'mover and shaker' and a patron that politicians need to court. "So if regular (or poor) people say that Brexit will tremendously harm the economy, then it's "project fear", but when rich and super rich people who stand to make £millions or £billions from the economy collapsing, its NOT "project fear". Good, I'm glad we got that one cleared up. Now we move onto more important topics like "is it scon or scown?"  | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? " And of course if its in the mail it must be true, perhaps he wants the stock exchange to bomb so he can plough all that money into it and make billions, even you cant believe that it could fall by 80 % | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? " He could of course have lost just as much. He is simply gambling as no one can predict the future of. Financial Markets . | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? And of course if its in the mail it must be true, perhaps he wants the stock exchange to bomb so he can plough all that money into it and make billions, even you cant believe that it could fall by 80 % " Here is the link to two other sources state that's what he made, just in case you don't believe the Mail. http://www.theguardian.com/business/2016/nov/01/brexiter-crispin-odey-britain-destined-recession? http://www.independent.co.uk/news/business/news/brexit-backer-crispin-odey-hedge-fund-billionaire-warns-uk-economy-about-to-crash-a7391841.html | |||
"So if regular (or poor) people say that Brexit will tremendously harm the economy, then it's "project fear", but when rich and super rich people who stand to make £millions or £billions from the economy collapsing, its NOT "project fear". Good, I'm glad we got that one cleared up. Now we move onto more important topics like "is it scon or scown?" "Yep! 
And sit is 'scone' as in 'sc'otland or 'sc'rotum and one as in one. So think "sc1"
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"So if regular (or poor) people say that Brexit will tremendously harm the economy, then it's "project fear", but when rich and super rich people who stand to make £millions or £billions from the economy collapsing, its NOT "project fear". Good, I'm glad we got that one cleared up. Now we move onto more important topics like "is it scon or scown?"
Yep!
And sit is 'scone' as in 'sc'otland or 'sc'rotum and one as in one. So think "sc1"
"Like scwon? Madness! | |||
"Like scwon? Madness! " I could have gone with: bone dome tome scone But I thought I would mix it up a little and introduce an extra element... | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? " Do we know which companies and why he thinks that the prices will fall. He is simply taking a big gamble . | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? Do we know which companies and why he thinks that the prices will fall. He is simply taking a big gamble . " It does mention at least some of the companies he is hedging in the articles above. He thinks that share prices will fall because Brexit is going to be an economic disaster for the UK. Obviously not for people like him, but for ordinary people. | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? Do we know which companies and why he thinks that the prices will fall. He is simply taking a big gamble . It does mention at least some of the companies he is hedging in the articles above. He thinks that share prices will fall because Brexit is going to be an economic disaster for the UK. Obviously not for people like him, but for ordinary people. " Or could it be because the value of the pound will rise? Weren't people saying last week that share prices were at their highest because of the weak pound? Now do you really think he believes any of what he's said? Are you really so gullible? Ask yourself why he would say something like that? | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? Do we know which companies and why he thinks that the prices will fall. He is simply taking a big gamble . It does mention at least some of the companies he is hedging in the articles above. He thinks that share prices will fall because Brexit is going to be an economic disaster for the UK. Obviously not for people like him, but for ordinary people. Or could it be because the value of the pound will rise? Weren't people saying last week that share prices were at their highest because of the weak pound? Now do you really think he believes any of what he's said? Are you really so gullible? Ask yourself why he would say something like that?" So what would that do to the share price? | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? " I do not think that I would pay too much attention to him. His fund is one of the worst performing this year. | |||
"Crispin Odey was a Leave supporter who made £220m when the pound tanked after the referendum by shorting the market (www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html). The Leave supporter is now saying that the UK is destined for a recession, and that the stock market coukd fall by 80% as a result of Brexit. Odey has shorted British companies to the tune of just under £1bn. So is it still "project fear" when even Leave supporters are saying these things? " His European Fund has lost investors 35% of value in the current year. | |||
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"His European Fund has lost investors 35% of value in the current year. " But he gets 2% on every trade on top of his annual management fee. So I guess he is on the winning side no matter what...
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"But in april he lost £200,000,000 so it swings and roundabouts with an international investor " Ref Sunday Times April 24 | |||
"All the car companies want the same deal as Nissan. Big pharma want £1bn in support for brexit losses. The Japanese banks are already switching to holland. The French are setting up a task force to lure banks to Paris. The Germans are advising the best thing is to try and stop brexit full stop but not at any cost of the four freedoms as it would lead to greater political problems for the eu. So if they can't stop it then hard brexit, punishing brexit, as the French, the new best partner in Europe, wants. They know they will suffer a little economic pain but they can cope with that. They also know the UK will suffer much much greater pain. Our PM agrees with them as she made clear in her speech to Goldman Sachs just prior to the referendum vote. It's 50/50 brexit will happen. " I bet you believed everything Cameron, Osbourne and the IMF said before the referendum too? What deal do Nissan have exactly? Pharma? Why is American drugs giant Mallinckrodt moving its global headquarters from the US to Staines do you think? Its CEO Mark Trudeau said we believe other conditions overwhelm the short term risks of Brexit. The banks will not want to move to Paris. Of course the Germans want to stop Brexit as any hard deal would mean they suffer more than us, duh. And the whole of Europe cannot suffer any economic pain, do you not know what is happenning there? Brexit will happen 100%  | |||
"All the car companies want the same deal as Nissan. Big pharma want £1bn in support for brexit losses. The Japanese banks are already switching to holland. The French are setting up a task force to lure banks to Paris. The Germans are advising the best thing is to try and stop brexit full stop but not at any cost of the four freedoms as it would lead to greater political problems for the eu. So if they can't stop it then hard brexit, punishing brexit, as the French, the new best partner in Europe, wants. They know they will suffer a little economic pain but they can cope with that. They also know the UK will suffer much much greater pain. Our PM agrees with them as she made clear in her speech to Goldman Sachs just prior to the referendum vote. It's 50/50 brexit will happen. I bet you believed everything Cameron, Osbourne and the IMF said before the referendum too? What deal do Nissan have exactly? Pharma? Why is American drugs giant Mallinckrodt moving its global headquarters from the US to Staines do you think? Its CEO Mark Trudeau said we believe other conditions overwhelm the short term risks of Brexit. The banks will not want to move to Paris. Of course the Germans want to stop Brexit as any hard deal would mean they suffer more than us, duh. And the whole of Europe cannot suffer any economic pain, do you not know what is happenning there? Brexit will happen 100% "What would any UK bank even consider moving to Paris . The increased employmeny costs would in themselves make it a non starter . | |||
"All the car companies want the same deal as Nissan. Big pharma want £1bn in support for brexit losses. The Japanese banks are already switching to holland. The French are setting up a task force to lure banks to Paris. The Germans are advising the best thing is to try and stop brexit full stop but not at any cost of the four freedoms as it would lead to greater political problems for the eu. So if they can't stop it then hard brexit, punishing brexit, as the French, the new best partner in Europe, wants. They know they will suffer a little economic pain but they can cope with that. They also know the UK will suffer much much greater pain. Our PM agrees with them as she made clear in her speech to Goldman Sachs just prior to the referendum vote. It's 50/50 brexit will happen. I bet you believed everything Cameron, Osbourne and the IMF said before the referendum too? What deal do Nissan have exactly? Pharma? Why is American drugs giant Mallinckrodt moving its global headquarters from the US to Staines do you think? Its CEO Mark Trudeau said we believe other conditions overwhelm the short term risks of Brexit. The banks will not want to move to Paris. Of course the Germans want to stop Brexit as any hard deal would mean they suffer more than us, duh. And the whole of Europe cannot suffer any economic pain, do you not know what is happenning there? Brexit will happen 100% What would any UK bank even consider moving to Paris . The increased employmeny costs would in themselves make it a non starter . "and there's dog shit everywhere | |||
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"'Large banks are getting ready to relocate out of the UK early next year over fears around Brexit, the British Bankers' Association (BBA) has warned. Writing in The Observer, its boss Anthony Browne also says smaller banks could move operations overseas by 2017. "Their hands are quivering over the relocate button," he wrote. Most banks had backed the UK remaining in the EU. Mr Browne also said the current "public and political debate at the moment is taking us in the wrong direction." His comments build upon those he made at the BBA annual conference last week, when he said banks had already "set up project teams to work out what operations they need to move by when, and how best to do it". 'Legal right' "Banking is probably more affected by Brexit than any other sector of the economy, both in the degree of impact and the scale of the implications," he told the newspaper. "It is the UK's biggest export industry by far and is more internationally mobile than most. But it also gets its rules and legal rights to serve its customers cross-border from the EU." One of the perks of Europe's Single Market - which also currently includes the UK, Norway and EU countries such as the Netherlands - is "passporting". Passporting allows banks and insurance companies to sell their services anywhere in the single market without having to establish a base in every country in Europe. But single market membership comes with conditions: freedom of movement of goods, services, capital and (crucially) people. Theresa May has already said she intends to restrict the free movement of people from the EU after Brexit, while EU leaders have meanwhile said the four freedoms are indivisible ie non-negotiable. That means the UK may have to quit the single market and lose passporting. What Anthony Browne from the BBA is doing is upping the ante on the government, by saying some banks will start to relocate in the coming months without passporting. What he also says though is that erecting any barriers to cross-border banking will be just as bad for Europe as it would be for the UK. Mr Browne added: "For banks, Brexit does not simply mean additional tariffs being imposed on trade - as is likely to be the case with other sectors. It is about whether banks have the legal right to provide services." Banks want to see the continuation of the EU's "passporting" system, allowing UK-based financial services to operate across Europe without needing separate authorisation. 'Split in two' Banks have called for transition arrangements to be put in place after the UK leaves the EU. But Mr Browne warned that in Europe and among UK eurosceptics the mood was "hardening". "The problem comes - as seems increasingly likely, judging by the rhetoric - when national governments try to use the EU exit negotiations to build walls across the Channel to split Europe's integrated financial market in two, in order to force jobs from London," Mr Browne said. "From a European perspective, this would be cutting off its nose to spite its face. It might lead to a few jobs moving to Paris or Frankfurt but it will make it more expensive for companies in France and Germany to raise money for investment, slowing the wider economy." " couldn't be arsed to read all that. Maybe you should send it to the B of E as they've just raised their growth forecasts for this year and the 2 years after. Do you know something for sure that they don't? | |||
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"At the start of the G20 Summit, the Japanese government has taken the unprecedented step of warning of a series of corporate exits, "great turmoil" and harmful effects if Brexit leads to the loss of single market privileges. An official Japanese government task force on Brexit, has collated views of big Japanese companies from car companies to banks and pharmaceutical companies that invest in the UK. It has produced a 15-page list titled "Japan's message to the UK and the EU", detailing requirements from Brexit negotiations. It lists the consequences if the requirements are not delivered. Half of Japanese investment in the EU comes to the UK including companies such as Nissan, Honda, Mitsubishi, Nomura and Daiwa. "Japanese businesses with their European headquarters in the UK may decide to transfer their head-office function to Continental Europe if EU laws cease to be applicable in the UK after its withdrawal," the report concludes. It says: "In light of the fact that a number of Japanese businesses, invited by the Government in some cases, have invested actively to the UK, which was seen to be a gateway to Europe, and have established value-chains across Europe, we strongly request that the UK will consider this fact seriously and respond in a responsible manner to minimise any harmful effects on these businesses." The list is the most tangible account anywhere of what businesses are asking for from the Brexit negotiations. It suggests Japanese car companies fear that they will be hit by a double whammy of trade tariffs. There were fears of levies being imposed twice "once for auto parts imported from the EU and again for final products assembled in the UK to be exported to the EU - which would have a significant impact on their businesses.". The report also states that the UK leaving the EU would damage exports from Britain to third countries because of trade privileges within the EU single market around so-called "rules of origin". "Brexit would make such products unable to meet the rules of origin as EU products, which means that Japanese companies operating in the EU would not be able to enjoy the benefit of the Free Trade Areas concluded by the EU," the report said. It also calls on the UK to "maintain access to workers who are nationals of the UK or the EU", saying the European labour market could suffer "great turmoil" if EU nationals could not freely travel between and stay in the UK and continental Europe. The Japanese government warns its banks will move their European HQs out of London if the Brexit negotiations fail to secure the financial services passport to operate in the EU. "If Japanese financial institutions are unable to maintain the single passport obtained in the UK, they would face difficulties in their business operations in the EU and might have to acquire corporate status within the EU anew and obtain the passport again, or to relocate their operations from the UK to existing establishments in the EU," said the report. This concern has already been noted by the Bank of England, but this is the strongest indication yet of other nations spelling out the implications of some types of Brexit. Those impacts also will be felt in the pharmaceutical industry, says the report, which sees the location of the EU's European Medicines Agency in London as crucial to the UK's high tech research appeal. "Many Japanese pharmaceutical companies are operating in London, due to the EMA's location in London. "If the EMA were to transfer to other EU Member States, the appeal of London as an environment for the development of pharmaceuticals would be lost, which could possibly lead to a shift in the flow of R&D funds and personnel to Continental Europe. "This could force Japanese companies to reconsider their business activities," says the report." I think that we can just ignore all these reports and concentrate on a live real time indicator of economic performance which is the stock market . If things were as gloomy as the report suggests the shares of banks , pharma companies and car dealers would be dropping . I prefer to think positively rather than listen to the merchants of doom and gloom. Negative thinking can become a self fulfilling prophecy . | |||
"All the car companies want the same deal as Nissan. Big pharma want £1bn in support for brexit losses. The Japanese banks are already switching to holland. The French are setting up a task force to lure banks to Paris. The Germans are advising the best thing is to try and stop brexit full stop but not at any cost of the four freedoms as it would lead to greater political problems for the eu. So if they can't stop it then hard brexit, punishing brexit, as the French, the new best partner in Europe, wants. They know they will suffer a little economic pain but they can cope with that. They also know the UK will suffer much much greater pain. Our PM agrees with them as she made clear in her speech to Goldman Sachs just prior to the referendum vote. It's 50/50 brexit will happen. " I thought that the result of the referendum was that we would leave . 50 / 50 does not come into it. | |||
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