Its not exactly a ringing endorsement that no one can provide any good EU news.
Brexit thread - what happens next
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Its not exactly a ringing endorsement that no one can provide any good EU news.
FT's pretty pro-EU regardless.
Meanwhile in the USA:-
http://order-order.com/2016/09/02/ft/
The financial pages seem full of good news for Brexit Britain, City AM splashes with “Bounceback“, the Wall Street Journal contemplates a Brexit boom for manufacturers and the pound recovering. Over at the FT they have managed to acknowledge the possibilty that things might not be quite as terrible as they predicted with a sceptical bottom of the front page headline “busy factories fuel pro-Brexit MPs claims of Treasury scaremongering”. This is countered by a claim, based on a self-selecting voodoo poll, that “graduate recruitment has slumped”.
Also ..
http://order-order.com/2016/09/01/71-economists-wrong-brexit
The above survey by Bloomberg was published on June 29, 2016, just 6 days after Britain voted for Brexit. It is a survey of the City’s leading economists, some of the highest paid brains in Britain. 71% of them predicted Britain would go into recession in 2016. Goldman Sachs and Bank of America Merrill Lynch both said that the UK’s GDP would move dramatically negative, dropping 2.5% almost immediately. The only difference of opinion within the 71% was how soon it would come.
All this is going to be proved wrong. The UK economy will probably grow by a respectable 2% or thereabouts this year, a rate many €urozone countries look at enviously.
In truth, a lot depends on results due on Monday from the Services industry - although things are certainly looking better than predicted by many at this point in time, pre-BREXIT.
There was an article in The Economist I think it was, saying that the BoE's post Brexit intervention will likely do more harm and good as they pretty much jumped the gun thinking things would be worse than they really would be and then grossly overinflated the money supply.
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BOE intervention outside of the extremes of 08/09 is always negative in sum total. Capitalism is distribution of capital within the general population, the central banking system now as we have it is not capitalism. Central banks are deciding the worth of money, fixing rates, subsidising banks etc. They will not be able to reverse QE, prices paid for bonds exceed their worth vs inflation so it is going to result in devaluation of sterling.
So in short yea pretty much BOE always causes a bigger problem then it fixes
Published spring '08 an article predicting QE and the major bank failings. If I had just kept that and followed it through, would have made a fortune possibly :/
So in short yea pretty much BOE always causes a bigger problem then it fixes
Published spring '08 an article predicting QE and the major bank failings. If I had just kept that and followed it through, would have made a fortune possibly :/
This isn't "Brexit Britain" yet. At this point nothing has changed, we're still in the EU and every economic regulation and trade deal is still in effect. The markets may have done what markets do, panic and recover, fall and bounce. Everything else is the same for now. Let's see how this all looks once Brexit actually happens, especially if Britain loses single market access.
That isn't quite strictly true though. The pound is down 10% against the $ and Euro and not recovered at all.
The market anticipation and, more importantly, the perception that we are coming out of the EU will result in businesses already making decisions on that basis (or at least should be).
Things are looking brighter because May's kicked the can down the road. Instead of a sharp fall, we're looking at several years of reduced growth until whatever mess May delivers in negotiations actually hits.
Leaving the EU could never be negative to me
What a ridiculous statement to make. How can you possibly predict the outcome of something that is yet to happen.
Bingo we have a winner
I think there's a programme on TV next week about how things have changed in Britain post Brexit. Well nothing has changed because we are still in the EU. Is it me or has the media gone stark staring mad?
Perhaps they just think this will make good telly, or there again maybe they are trying to talk up the economy. However, the fact remains, they need to be making this type of programme in about four years time at least, but certainly not now.
Perhaps they just think this will make good telly, or there again maybe they are trying to talk up the economy. However, the fact remains, they need to be making this type of programme in about four years time at least, but certainly not now.
What a ridiculous statement to make. How can you possibly predict the outcome of something that is yet to happen.
Hahahahahaha that's rich coming from a Remain supporter - what's it to be recession, financial meltdown of possibly WW3??
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Hahahahahaha that's rich coming from a Remain supporter - what's it to be recession, financial meltdown of possibly WW3??
It is actually a very simple observation to make. Think about it for more than a second.
Unlikely that's possible.
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It's an absolutely ridiculous thing for a Remain supporter to say. Just wow.
Why?
The whole Remain campaign was based on predicting the outcome of something that was yet to happen. AKA Project Fear.
And whole leave camp was based on predicting favourable outcomes with no base in reality. £350M / week to NHS. AKA Project La-La Land.
Now, let's get back to business:
Best thing EU has done since Brexit, they are at least trying to close down one tax haven. Think of UK officials closing tax havens...
Oxbridge boys and girls all have trusts in Panama, so how hard do you expect them to fight tax havens?
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And whole leave camp was based on predicting favourable outcomes with no base in reality. £350M / week to NHS. AKA Project La-La Land.
Now, let's get back to business:
Best thing EU has done since Brexit, they are at least trying to close down one tax haven. Think of UK officials closing tax havens...
Oxbridge boys and girls all have trusts in Panama, so how hard do you expect them to fight tax havens?
Don't forget the UK welcoming tax evading Apple with open arms. Just what this country needs.... More tax dodging companies.
It's amazing how the newspapers jumped on this news story and made it look negative what the EU was doing and something Britain can gain from. Comments on the daily mail were really anti EU and happy for apple to come here.
Yet in a none related EU article about tax dodging companies the exact same readers commented differently moaning about tax loopholes and how companies shouldn't get away with it... And that if they are in the UK they should pay their fair share.
This is why I don't understand leavers logic.... It's amazing how some people can get manipulated to hate something so much but can't link one news story to another and see some sort of conflict in their beliefs.
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