Brexit Endgame

Wordsmith

LE
Book Reviewer
Trade deals with the US, China and India – even if achievable on remotely equitable terms – cannot compensate for lost European markets and nothing can repair political damage already done... What lies ahead after the faux celebrations?
Tell me oh, genius, if the EU (after Brexit) has 14% of the world market and the rest of the world 84% (the UK being 2% of GDP), how do we lose out by engaging with a market 6 times bigger than the EU?

And tell me, oh genius, if the EU's share of wold trade has halved from the 80's to the present date (30% decreasing to 15%), why will that trend not continue into the future, with the EU dipping below 10% of world trade on the 2030's - making them even less relevant as a market?

In your own time, ramble on.

Wordsmith
 
In these days of mong empowerment facts are less important than fiction, collective delusions are pervasive and pub mentality is the fertiliser of group-think. An erroneous meme posted on Falsebook by Russian saboteurs can win votes and an obscure army forum can galvanise denial. The war against stupidity becomes harder as communication technology allows idiots to focus upon confirmation bias. There is no end until they are all dead...then the living can begin rebuilding reality.
 
Quite right. Thought you'd have learned by now, but you squeaky little remainers still keep monging it every chance you get.
 

Wordsmith

LE
Book Reviewer
In these days of mong empowerment facts are less important than fiction, collective delusions are pervasive and pub mentality is the fertiliser of group-think. An erroneous meme posted on Falsebook by Russian saboteurs can win votes and an obscure army forum can galvanise denial. The war against stupidity becomes harder as communication technology allows idiots to focus upon confirmation bias. There is no end until they are all dead...then the living can begin rebuilding reality.

Wordsmith
 
Wasn't the latest poll on Brexit on the 12th of December...
That doesn't count - It wasn't a pucker poll :oops: :oops:

Anyway, according to the Times, this from little Leo

Ireland and the UK will “beef up” co-operation after Brexit, Leo Varadkar has said.

After the verbal diarrhea that you have spouted over the last 3 years, do not be surprised if the UK sh!ts on you from a great height after Brexit.
 
That doesn't count - It wasn't a pucker poll :oops: :oops:
...................

After the verbal diarrhea that you have spouted over the last 3 years, do not be surprised if the UK sh!ts on you from a great height after Brexit.
Leo has an election only a few weeks away, if you think he has produced some gems so far, just sit back and wait for some whoppers to come from that clown
 
Japan and the EU recently signed an FTA

Unsurprisingly the Japs first reaction was to announce that UK manufacturing of Japanese cars is to be wound down. Simply because imports from Japan into europe have suddenly lost a huge cost from tariffs.

That means Japanese built cars just got massively cheaper to bring in to europe. They will now pursue a bigger market share with models built in Japan suddenly having a substantial drop in cost.
It'll also be part of Gimme to British Government re tax concessions for operating here , as Ford and others have practised here for decades :rolleyes: , whilst the EU loads uK models as they have for decades. Point is ISTR that ford canned their idea to give up metal bashing concentrating on Branding. UK doesn't have a mainstream manufacturer of it's own anymore. Just a thought
 
The word you are looking for is THROUGH
That only annoyed you because she took two attempts and you weren’t there to rap her knuckles.
 
In these days of mong empowerment facts are less important than fiction, collective delusions are pervasive and pub mentality is the fertiliser of group-think. An erroneous meme posted on Falsebook by Russian saboteurs can win votes and an obscure army forum can galvanise denial. The war against stupidity becomes harder as communication technology allows idiots to focus upon confirmation bias. There is no end until they are all dead...then the living can begin rebuilding reality.
That's pure pseuds corner out of the EYE
 
You know all of those trade deals the EU was holding us back from making?
 
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Wordsmith

LE
Book Reviewer
This would appear to be a far bigger threat to the UK than Brexit.

https://www.telegraph.co.uk/business/2020/01/14/trillion-dollar-corporate-debt-mountain-threatening-worlds-economy/
...the world’s companies have been on the binge to end all binges for the best part of a decade, encouraged by the ultra-low central bank borrowing rates which remain the legacy of the crash. Experts say the biggest potential flashpoints are in the world’s two largest economies.

In China, the debt mountain of state-backed companies has soared and defaults are on the rise. In the US, the stock of leveraged loans – the high-risk credit offered to debt-laden companies which carries a higher chance of default – has shot past the trillion-dollar mark.
And
Meanwhile across developed markets, riskier debt has become cheaper and cheaper, driven by investors’ hunt for yield. The phenomenon has pushed down the cost of lower investment grade BBB-rated debt, swelling the market and leaving investors exposed to a potential slump.

A senior source at one major credit rating agency says: “We can’t call the timing of the downturn but when it does happen, it will be bad. We have been talking about this for two years, and we are into ‘stopped clock’ territory.
So basically companies have been fueling their growth by cheap debt, debt that's going to still have to be paid back when company's income falls when the next recession finally arrives. That'll result in some high profile UK companies collapsing.

And banks, pension funds and investment companies have been keeping their profits up by buying into ever riskier debt (which gives higher yields). A lots of those investments will go tits up in the recession, followed by some of more on the institutions that brought into that debt. I would not be surprised in one or more UK based banks required a bale out, RBS ended up broken up and some UK pension funds got into trouble.

History teaches us that the more you try to stave off a recession, the worse it gets. The UK stopped QE a long time ago. The EU kept it going for longer and has since restarted it. The carnage will be even worse across the Channel.

Wordsmith
 
Oh dear remember what this l'ill ole customs Officer said at the beginning. You want something you buy it. Nice reverse ferret from you;)
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All of the deals they promised? Now it's a ridiculous focus on trade. From the man who made trade a focus point.
 

Wordsmith

LE
Book Reviewer
No it didn't.

The UK has continually being using QE since 2009.

Other than that, you are correct. The unregulated lending known as Shadow Banking is the thing that is going to blow up.
That'll be the shadow banking sector where banks move assets so they are not regulated and where they don't have to keep a prudent level of reserves to mitigate against bad debts when the next recession arrives?

What could possibly go wrong?

Wordsmith
 

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