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UK Politics Hamsterwheel MkII

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UK Politics Hamsterwheel MkII

Old 28th Jul 2019, 16:31
  #9301 (permalink)  
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The Nip - if the ECB is allowed to do so.....

https://www.bloomberg.com/news/artic...qe-flexibility
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Old 28th Jul 2019, 16:58
  #9302 (permalink)  
 
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Originally Posted by ORAC View Post
The Nip - if the ECB is allowed to do so.....

https://www.bloomberg.com/news/artic...qe-flexibility
Thank you, I have been reading this. The Swiss problem is also a headache for the EU.

It would appear that with Trump hitting German exports to the US, (110bn) and a potential dent in their exports to the UK(90bn,) Germany will be getting nervous in the event of a no deal.

EU recession is coming fast. The ECB can't ignore what is happening anymore.
Deutsche Bank is going to fall.




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Old 29th Jul 2019, 11:41
  #9303 (permalink)  
 
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More project fear/fake news from the BBC https://www.bbc.co.uk/news/business-49146645

All we need is belief and we can easily replace this with bringing back the production of the Hillman Imp and Avenger. It will also be great to see the the Allegro back on the UK streets. The EU countries and the USA will be falling over themselves to get hold of these.We can even lead the world with electric versions if we can get the batteries cheap enough from China.

Hurrah for no-deal Brexit, bring it on. Jacob RM for Minister of Transport.
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Old 29th Jul 2019, 13:50
  #9304 (permalink)  
 
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The way sterling is on the slide today, a more pressing problem than a no deal Brexit may be a full blown run on the pound; something that you might have expected to be a more likely scenario were Corbyn and McDonnel in charge.
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Old 29th Jul 2019, 13:53
  #9305 (permalink)  
 
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Originally Posted by The Nip View Post

Thank you, I have been reading this. The Swiss problem is also a headache for the EU.

It would appear that with Trump hitting German exports to the US, (110bn) and a potential dent in their exports to the UK(90bn,) Germany will be getting nervous in the event of a no deal.

EU recession is coming fast. The ECB can't ignore what is happening anymore.
Deutsche Bank is going to fall.
Man, i don't know what you are drinking... or smoking... or whatever.
The recession is coming world-wide, thanks to idiots like Trump and others. And you think that'll make germany or the EU come to the UK cap in hand? Dream on...
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Old 29th Jul 2019, 15:41
  #9306 (permalink)  
 
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Originally Posted by ThorMos View Post
Man, i don't know what you are drinking... or smoking... or whatever.
The recession is coming world-wide, thanks to idiots like Trump and others. And you think that'll make germany or the EU come to the UK cap in hand? Dream on...
The same as just about every other blinkered Brexiteer; assuming that as other nations did in the 19th century, when the UK tells the EU to jump, they'll ask "how high?". Sadly deluded I'm afraid, as you will well know from your side of the divide.

If the UK learns one thing from Brexit, it will be just how insignificant we actually are in this global world. And that my be a very good, if hard, lesson to learn.
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Old 29th Jul 2019, 15:47
  #9307 (permalink)  
 
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Originally Posted by ThorMos View Post
Man, i don't know what you are drinking... or smoking... or whatever.
The recession is coming world-wide, thanks to idiots like Trump and others. And you think that'll make germany or the EU come to the UK cap in hand? Dream on...
In what way was I even suggesting the Germans would come cap in hand?
The German economy is in a stronger position than the UK. I was pointing out that in as far as their future is concerned, they are not doing as well as they have been.

Instead of trying to look clever, give us the points in which I am wrong about facts.
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Old 29th Jul 2019, 15:53
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Originally Posted by ATNotts View Post
The same as just about every other blinkered Brexiteer; assuming that as other nations did in the 19th century, when the UK tells the EU to jump, they'll ask "how high?". Sadly deluded I'm afraid, as you will well know from your side of the divide.

If the UK learns one thing from Brexit, it will be just how insignificant we actually are in this global world. And that my be a very good, if hard, lesson to learn.
No one has suggested that.

You can look at the facts and figures of the German economy, the ECB, the Euro and the market trends. Instead of just blustering about blinkered Brexiteers, there is more to the EU than Brexit.

What happens there has an effect on all of us. The difference is the UK is not trapped within the monetary Euro.

You seem more interested in just insulting people. Do some research. If you are not bothered, because you don't understand then no problem. But you are just sore that people have a different view than yourself. You are not getting your own way, and getting more deranged.

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Old 30th Jul 2019, 06:34
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We'll the oft quoted Grauniad takes a significant step forward today with the publication of an open letter by Alistair Campbell highlighting the deficiencies of Corbyn. I think that the big point here is that many millions of us the length and breadth of this country now realise that neither the right wing Trump inspired populism of the current administration or the attempted revival of old style state socialism by the Momentum inspired Labour leadership comes anywhere close to representing our wishes.

Whether the revived Liberal Democrats represents the way forward for us politically homeless class remains to be seen in the longer term. But for now, at least south of the border with Scotland they do seem to offer the only realistic non populist political force. I would just ask all sensible Conservatives to look at people like the poisonous Priti Patel, Ms.Widdicombe with a smiling face, and ask themselves is this really the direction that they wish to take?
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Old 30th Jul 2019, 07:45
  #9310 (permalink)  
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Widdicombe is a member of the BXP, not Conservative, party.
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Old 30th Jul 2019, 07:48
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Originally Posted by The Nip View Post


You seem more interested in just insulting people. Do some research. If you are not bothered, because you don't understand then no problem. But you are just sore that people have a different view than yourself. You are not getting your own way, and getting more deranged.

Pot calling the kettle black?
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Old 30th Jul 2019, 09:12
  #9312 (permalink)  
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Originally Posted by CargoMatatu View Post
Pot calling the kettle black?
Not really, it has struck me on more than one occasion that PB is so incensed by Brexit that I picture him sitting there, spittle flecked, eyes staring in different directions and struggling to type a coherent sentence. Hope his GP realises that he's a man on the verge of a heart attack and is treating him appropriately.
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Old 30th Jul 2019, 09:17
  #9313 (permalink)  
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Surprised no-one has brought up sterling falling sharply on the markets
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Old 30th Jul 2019, 09:57
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HQ it certainly took a hit. It fell from /Euro 0.90009 at 08:00 on the 29th to 0.91906 at 05:30 today. It has since rallied to 0.9142
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Old 30th Jul 2019, 10:05
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Orac, I has assumed that everyone knew she was BXP due to her, arguably, overexposure on the media post the EU elections.
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Old 30th Jul 2019, 11:53
  #9316 (permalink)  
 
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Originally Posted by Harley Quinn View Post
Surprised no-one has brought up sterling falling sharply on the markets
And FTSE100 at a 7 month high.......
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Old 30th Jul 2019, 17:21
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And you don't realise why that is? The FTSE 100 comprises large companies with a significant multinational component. When things are going badly these companies are considered a relatively safe haven due to being unaffected by domestic turmoil.
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Old 30th Jul 2019, 17:32
  #9318 (permalink)  
 
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Originally Posted by Effluent Man View Post
And you don't realise why that is? The FTSE 100 comprises large companies with a significant multinational component. When things are going badly these companies are considered a relatively safe haven due to being unaffected by domestic turmoil.
Partly.

More to the point, at current exchange rates any overseas earnings boosts revenue and profit. Good for investors, pension funds etc.

I'm not saying a weak pound is ideal, but nor is it a disaster. In fact it has some benefits. Swings, roundabouts and all that.

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Old 30th Jul 2019, 18:07
  #9319 (permalink)  
 
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Originally Posted by LowNSlow View Post
HQ it certainly took a hit. It fell from /Euro 0.90009 at 08:00 on the 29th to 0.91906 at 05:30 today. It has since rallied to 0.9142
I did, perhaps not on this thread.

Too much more "leave, do or die" rhetoric and Johnson may wind up with a bigger problem that Brexit - a run on sterling. Whatever the feelings of those frequenting these forums it seems pretty clear what the markets believe a no deal Brexit will do to the UK economy. For the sake of balance, the Euro hasn't been performing so well against the USD in recent times, but not as extreme as sterling's plight over the last week.

What price a collapse in sterling, and the IMF being called in - a la 1960s and Wilson's "pound in your pocket" speech. Rather embarrassing for a Tory government; some would say a likely outcome for a Labour administration.
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Old 31st Jul 2019, 05:48
  #9320 (permalink)  
 
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110,000 fewer jobs after no-deal Brexit - Central Bank
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