[Politics] Brexit

[Two Professors]

So why do you do it?

Unbelievably hypocritical.

Woke you up,didn't it?

 

[knocky1]

Still doesn't make sense,but thanks for trying 6/10

Come on you're clever enough to work it out. The satellite would be us economically sucking up to Trump but having no influence, there is then a Lou Reed song title reference and the hate refers to the cost of any economic alliance.

 

[studio150]

Oh dear, more f***-ups from the the "experts". IMF has revised upwards the expected GDP growth for the UK - again!

And yet we are still meant to be worried when the other set of "experts" (the financial markets) throw tantrums and devalue Sterling based on "fear".

The actual statistics/figures for the UK economy have all been positive since June 23rd. The only negative is the Foreign Exchange Markets reaction and devaluing Sterling but this is not based on anything apart from forward guesswork.

.[/I]

Yes inflation has been positive but thats because the rate of inflation has been increasing, if you think that is positive for the country then fine, but it does tend to make be poorer which I see a negative

 

[larus]

Yes inflation has been positive but thats because the rate of inflation has been increasing, if you think that is positive for the country then fine, but it does tend to make be poorer which I see a negative

'Oh enlightened one', please advise me what is the target rate which the BoE should be aiming for? There are problems with inflation being too low, just as there are with inflation being too high. A "slight" pick-up in inflation would be beneficial for the economy.

And, if there is a pick-up in inflation this will be down-to either :
i) the drop in Sterling which will be good for exporters and help retain jobs within the UK (as production costs are lower).
or
ii) extra demand in the economy, which will be a sign of strength in the economy.

The problem we've had since 2008 is the wrong inflation (which actually isn't measured/reported by the government). We've had asset price inflation due to the deflationary effects of the credit-crisis and the subsequent QE purchases being made to boost economic activity/fund governments/bail-out banks. The official inflation index does not take into account housing costs (which is f***ing ludicrous as it's such a huge part of many peoples budgets). The only real gainers here have those who own lots of assets.

But, you never answered the point on the on-going failure of the 'experts' who were being shoved down our throats as being those in the know.

 

[BigGully]

'Oh enlightened one', please advise me what is the target rate which the BoE should be aiming for? There are problems with inflation being too low, just as there are with inflation being too high. A "slight" pick-up in inflation would be beneficial for the economy.

And, if there is a pick-up in inflation this will be down-to either :
i) the drop in Sterling which will be good for exporters and help retain jobs within the UK (as production costs are lower).
or
ii) extra demand in the economy, which will be a sign of strength in the economy.

The problem we've had since 2008 is the wrong inflation (which actually isn't measured/reported by the government). We've had asset price inflation due to the deflationary effects of the credit-crisis and the subsequent QE purchases being made to boost economic activity/fund governments/bail-out banks. The official inflation index does not take into account housing costs (which is f***ing ludicrous as it's such a huge part of many peoples budgets). The only real gainers here have those who own lots of assets.

But, you never answered the point on the on-going failure of the 'experts' who were being shoved down our throats as being those in the know.

Having too low inflation is a bit like having a good cholestoral count whilst dieing of malnutrition ....................

 

[Lincoln Imp]

Is that the same Australia that we would have to export to for 32 years to achieve the same level of exports to the EU in one year, and the same one where our trade is worth a 10th of that from China?

And the same Australia that said that cutting a trade deal with the EU would take priority over one with the UK. Rotters.

 

[Lincoln Imp]

,I certainly wondered why Botswana came to the fore.

Mainly because it's quicker to type than Australia and easier to spell than Bangladesh.

 

[studio150]

And, if there is a pick-up in inflation this will be down-to either :
i) the drop in Sterling which will be good for exporters and help retain jobs within the UK (as production costs are lower).
.

Lets hope the job retention is correct, but there are many UK manufacturers that import component parts for assembly here, where costs will become higher, thereby off setting any benefit on exports (if export demand increases)

 

[BigGully]

Lets hope the job retention is correct, but there are many UK manufacturers that import component parts for assembly here, where costs will become higher, thereby off setting any benefit on exports (if export demand increases)

How can you possibly know to what extent any increased costs might effect that business, its about by how much these increased costs might effect their sales and profit margins, might they absorb it, might their suppliers absorb it or might the recipient business source new cheaper imports from elsewhere, we cannot possibly know the tipping point of when any benefit to our exporters from a weaker pound might then be offset by a disadvantaged importer, well not from anyone on here anyway.

Simply there is never a good time for a long term collapse of the pound or double digit inflation, but the fundamentals and current data do not suggest either, so arguing the toss on some undetermined future 3-5% longer term inflation rate or an unlikley continued weakening of sterling is just bluster.

The current data remains very good especially with the backdrop of Brexit, something Remainers couldnt have ever envisaged, so let it roll see how we go, I am optimistic you maybe not, but to try and invalidate the current data by implying you know the future inflation level and that this will be at a level to be to the detriment of our econmy is some claim.

 

[Pretty pink fairy]

How can you possibly know to what extent any increased costs might effect that business, its about by how much these increased costs might effect their sales and profit margins, might they absorb it, might their suppliers absorb it or might the recipient business source new cheaper imports from elsewhere, we cannot possibly know the tipping point of when any benefit to our exporters from a weaker pound might then be offset by a disadvantaged importer, well not from anyone on here anyway.

Simply there is never a good time for a long term collapse of the pound or double digit inflation, but the fundamentals and current data do not suggest either, so arguing the toss on some undetermined future 3-5% longer term inflation rate or an unlikley continued weakening of sterling is just bluster.

The current data remains very good especially with the backdrop of Brexit, something Remainers couldnt have ever envisaged, so let it roll see how we go, I am optimistic you maybe not, but to try and invalidate the current data by implying you know the future inflation level and that this will be at a level to be to the detriment of our econmy is some claim.

Remainers are a non entity, best forget about them, FAR MORE IMPORTANT THINGS TO LOOK FORWARD TO than clinging on to a DREAM.
regards
DR

 

[Herr Tubthumper]

The problem we've had since 2008 is the wrong inflation

The wrong type of inflation? WTF. You should get a job on the railways.

 

[Lincoln Imp]

Perhaps our trade will tend to grow back to it's historical percentages when we are free to trade with who we wish!Don't you feel other countries might welcome trading with us to replace products from Opel,Mercedes,BMW,etc

Two questions.

What specific products are you thinking of to replace Opels, MBs, BMWs, etc?

What period in history are you referring to?

 

[Lincoln Imp]

Where's she living out of interest, in Gaborone?

British Council sponsored visit - I don't know exactly where she went. She's now on her way back to Grimsby. We're hoping it's not too much of a shock.

 

[larus]

The wrong type of inflation? WTF. You should get a job on the railways.

Maybe it's over your head. If it's too complicated to understand that inflation figures are subjective (as to what is/isn't included), then you're best sticking to predictions. Tell me, how's that going? Labour, BREXIT, Clinton? Even a stopped clock is right twice per day

 

[melias shoes]

Maybe it's over your head. If it's too complicated to understand that inflation figures are subjective (as to what is/isn't included), then you're best sticking to predictions. Tell me, how's that going? Labour, BREXIT, Clinton? Even a stopped clock is right twice per day

 

[Two Professors]

And the same Australia that said that cutting a trade deal with the EU would take priority over one with the UK. Rotters.

Politicians will say something like 'back of the queue' then before you know it they go back to the obscurity they came from.Obama said lots of things,and lashed out spitefully but he's gone.Cameron spouted loads of rubbish but he's gone and whichever numbskull thought it worthwhile bothering with a dinosaur like the EU will be gone as well

 

[Two Professors]

Mainly because it's quicker to type than Australia and easier to spell than Bangladesh.

Belize is shorter and easier than both.

 

[Two Professors]

Two questions.

What specific products are you thinking of to replace Opels, MBs, BMWs, etc?

What period in history are you referring to?

1 Anything that hasn't got a 35% tariff on it,and a budget car to replace the Opel built Nova that won't catch fire.
2 The historical period is pre common market.

 

[studio150]

Politicians will say something like 'back of the queue' then before you know it they go back to the obscurity they came from.Obama said lots of things,and lashed out spitefully but he's gone.Cameron spouted loads of rubbish but he's gone and whichever numbskull thought it worthwhile bothering with a dinosaur like the EU will be gone as well

And Farage has gone to Radio unfortunately he has yet to be joined by Gove and friends

 

[Lincoln Imp]

1 Anything that hasn't got a 35% tariff on it,and a budget car to replace the Opel built Nova that won't catch fire.

Sorry but this doesn't answer the question, which arose from your own post, that asked what specific British products are you thinking of 'to replace Opels, Mercedes and BMWs'. Just saying 'Anything' doesn't really do it.