Quote:
Originally posted by Grumpy Gills
BREAKING: Ratings agency Standard & Poor's strips UK of top credit grade in wake of EU vote.
Welp
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The UK has sovereign control of its own currency. It regularly issues new bonds to pay off all its debts. I guess you didn't get the memo. There is zero default risk for UK public debt.
Quote:
Originally posted by GypsyLife
Now the FTSE100 will always be more stable. Those are the biggest corporations we know, so large that they have a lot of foreign earnings. So naturally their loss will be less and since the risk is spread the impact is softened.
Wanna have a look tho at the smaller individual/ domestic lower then the FTSE100 that will be more affected.
For example, Easyjet literally is nosediving at the moment, alltho I doubt they will go down much more I may add.
http://shareprices.com/detail?chart_...requency=daily |
Again, the stock market operates in a similar fashion to FX markets. Nothing will happen to EasyJet if their shares plummet - that is on their shareholders. Their accounts are in good shape and they are making a profit so what do you think will happen? EasyJet could use this opportunity to buy back their shares and lessen the amount of dividends they have to pay back in the future. (It would also stabilise their prices for those who are panicked).
I am not here for all this scaremongering.
