Discussion
sidicks said:
No they didn't.
They downgraded them to AA and put them on negative watch.
Suggest you steer clear of this sort of comment if you don't understand what you are talking about!!
You didn't answer my earpierced question - what has happened to the government' so cost of borrowing following Brexit?
What did you claim would happen?
Please explain the discrepancy...
If you insist on being pendantic, there is no AA negative rating other than "AA with negative outlook". AA- would be "AA low"They downgraded them to AA and put them on negative watch.
Suggest you steer clear of this sort of comment if you don't understand what you are talking about!!
You didn't answer my earpierced question - what has happened to the government' so cost of borrowing following Brexit?
What did you claim would happen?
Please explain the discrepancy...
Other than that I've witnessed enough of your arguments over in the Porsche subforum to know better than to engage in an argument with you, so I've made a habit of ignoring your postings. I wish you a splendid evening.
EricE said:
If you insist on being pendantic, there is no AA negative rating other than "AA with negative outlook". AA- would be "AA low"
No, the standard terminology normally used in the market is 'plus' and 'minus'. You are getting confused with DBRS, a second tier rating company.Did you google that by mistake?
EricE said:
Other than that I've witnessed enough of your arguments over in the Porsche subforum to know better than to engage in an argument with you, so I've made a habit of ignoring your postings. I wish you a splendid evening.
I guess that's easier than admitting you were wrong about borrowing costs?Edited by sidicks on Monday 27th June 23:04
sidicks said:
mike9009 said:
Agreed! So I open the question to the forum. What laws, enforced by the undemocratic EU clan, would you change first to allow Britain to grow and prosper?
This is not a trap, I am genuinely interested.
As a starter I would stop payments for the EU membership. Not sure why we just stop the DD for this now?
Something like 86% of all business do not transact with EU customers - why should they have to suffer the cost of compliance with EU rules?This is not a trap, I am genuinely interested.
As a starter I would stop payments for the EU membership. Not sure why we just stop the DD for this now?
turbobloke said:
Greg66 said:
turbobloke said:
No he's dead, like our EU membership and the hopes of lightweight abusive individuals who can't cope with it.
Keep fiddling, Nero.
If Rome's burning these days it just goes to show how ace the EU is in undemocratically imposing a technocrat who's failed to keep the peace.
Ps. Our EU membership will be dead when the notice period under art 50 has expired. Not before. I'm sure you knew that. You must have just got ahead of yourself, because that moment may still be a way off yet. After the rumored GE in October, for instance.
We live in very interesting times
mike9009 said:
sidicks said:
mike9009 said:
Agreed! So I open the question to the forum. What laws, enforced by the undemocratic EU clan, would you change first to allow Britain to grow and prosper?
This is not a trap, I am genuinely interested.
As a starter I would stop payments for the EU membership. Not sure why we just stop the DD for this now?
Something like 86% of all business do not transact with EU customers - why should they have to suffer the cost of compliance with EU rules?This is not a trap, I am genuinely interested.
As a starter I would stop payments for the EU membership. Not sure why we just stop the DD for this now?
Farage is not around at the moment to fabricate fictional or irrelevant examples.
///ajd said:
No answers yet then?
Farage is not around at the moment to fabricate fictional or irrelevant examples.
Speaking of 'no answers', I'm still waiting for yours:Farage is not around at the moment to fabricate fictional or irrelevant examples.
///ajd said:
So, less money to go around for the services, the NHS, due to lower tax take and higher debt servicing costs etc. etc. - its not going to be a giveaway budget is it?
Who suffers - the poorest in society as usual. They've been sold a pup.
Once again, great googling.Who suffers - the poorest in society as usual. They've been sold a pup.
Now tell me, what's happened to our borrowing costs following the Brexit vote?!
drivin_me_nuts said:
After all of this, is anyone else wondering if the exit will take place
The EU presidents think so, and have a press release accepting our democratic wish. They have a meeting tomorrow to talk about us. Beforehand, he is meeting the Greek and Italian PM, who want more from the EU. Its getting interesting in mainland Europe.B'stard Child said:
Obvious but raised a chuckle from me
This also made me laugh
Laugh, or just marvel at the vindictive childishness of one of the people the EU gave the job of trying to maintain stability in Europe? It will be interesting to see if this makes the news headlines tomorrow. It should. Talk about pouring petrol on a bonfire...This also made me laugh
It won't happen, infact I'd bet on it? (How would I bet on it?)
The noises from the Conservative party are those along the lines of not putting article 50 in place. A new prime minister will be appointed and it won't be Boris (who already said he won't press it).
It will be someone else, who will disappoint the out voters but appease the in voters (who possibly now out number the outs?). This will be to restore economic pressures and they will 'have no choice'
As someone else said in another thread they will claim to be doing the dirty work by not pressing it.
Scottish ministers are desperate to stop it.
The Labour Party is in a total shambles because they need a new leader to lead the remain campaign if there's a general election, they know Corbin won't.
All calm will be restored, infact I'm shocked at how much fuss is going on, as it stands it is only a poll of the public, it's not binding by any means. I just don't think it will happen. It wouldn't be the first time a government had gone back on a promise, cameron has already side tracked it by resigning.
The unelected of Brussels and now the other countries leaders are all saying they will not negotiate until we trigger a50. And why would you blame them? They don't want to start the end of the eu. That IMO is saying you aren't going anywhere, if you do we will punish you and it will get a lot worse.
I will be gobsmacked if it goes through now. What we are seeing is a stark warning IMO.
On the other hand.....(bordering tin foil time).
I was listening to someone being interviewed on r4 the other day, he was a friend of Boris who went on to say words to the effect of:
Boris is an incredibly clever person, a genius perhaps, he has an understanding of the eu like no other politician.
And that gets me thinking, does Boris have some master stroke he could pull? And has been planning this all along? He knew that if the leave vote wins cameron will go, he knows he's very likely to get in and he might know how to win this.
He currently won't say what he's going to do, keeping his cards close to his chest. But has a very proper plan.
Is there some law, some loophole that could see him do something which appeases the out voters and at the same time the remainders are all happy because the economy is great, people can travel freely but we limit immigration and we can govern ourselves?
The noises from the Conservative party are those along the lines of not putting article 50 in place. A new prime minister will be appointed and it won't be Boris (who already said he won't press it).
It will be someone else, who will disappoint the out voters but appease the in voters (who possibly now out number the outs?). This will be to restore economic pressures and they will 'have no choice'
As someone else said in another thread they will claim to be doing the dirty work by not pressing it.
Scottish ministers are desperate to stop it.
The Labour Party is in a total shambles because they need a new leader to lead the remain campaign if there's a general election, they know Corbin won't.
All calm will be restored, infact I'm shocked at how much fuss is going on, as it stands it is only a poll of the public, it's not binding by any means. I just don't think it will happen. It wouldn't be the first time a government had gone back on a promise, cameron has already side tracked it by resigning.
The unelected of Brussels and now the other countries leaders are all saying they will not negotiate until we trigger a50. And why would you blame them? They don't want to start the end of the eu. That IMO is saying you aren't going anywhere, if you do we will punish you and it will get a lot worse.
I will be gobsmacked if it goes through now. What we are seeing is a stark warning IMO.
On the other hand.....(bordering tin foil time).
I was listening to someone being interviewed on r4 the other day, he was a friend of Boris who went on to say words to the effect of:
Boris is an incredibly clever person, a genius perhaps, he has an understanding of the eu like no other politician.
And that gets me thinking, does Boris have some master stroke he could pull? And has been planning this all along? He knew that if the leave vote wins cameron will go, he knows he's very likely to get in and he might know how to win this.
He currently won't say what he's going to do, keeping his cards close to his chest. But has a very proper plan.
Is there some law, some loophole that could see him do something which appeases the out voters and at the same time the remainders are all happy because the economy is great, people can travel freely but we limit immigration and we can govern ourselves?
Edited by m3jappa on Monday 27th June 23:55
Edited by m3jappa on Monday 27th June 23:58
230TE said:
B'stard Child said:
Obvious but raised a chuckle from me
This also made me laugh
Laugh, or just marvel at the vindictive childishness of one of the people the EU gave the job of trying to maintain stability in Europe? It will be interesting to see if this makes the news headlines tomorrow. It should. Talk about pouring petrol on a bonfire...This also made me laugh
sidicks said:
///ajd said:
No answers yet then?
Farage is not around at the moment to fabricate fictional or irrelevant examples.
Speaking of 'no answers', I'm still waiting for yours:Farage is not around at the moment to fabricate fictional or irrelevant examples.
///ajd said:
So, less money to go around for the services, the NHS, due to lower tax take and higher debt servicing costs etc. etc. - its not going to be a giveaway budget is it?
Who suffers - the poorest in society as usual. They've been sold a pup.
Once again, great googling.Who suffers - the poorest in society as usual. They've been sold a pup.
Now tell me, what's happened to our borrowing costs following the Brexit vote?!
Is this investor money being pulled out of e.g. the FTSE250 (look at the graph), into 'relative' safety?
Quite possibly. You seem to like google, so:
"The rush to gilts underlined the market’s gloomy verdict on the UK’s growth prospects after the country’s vote to pull out of the European Union."
Can you spin this into a positive thing and say its all fine?
Not with much credibility, as you well know. The wavey emoticon won't make it go away.
///ajd said:
The prices of gilts has gone up and their yield has gone down.
Is this investor money being pulled out of e.g. the FTSE250 (look at the graph), into 'relative' safety?
Quite possibly. You seem to like google, so:
"The rush to gilts underlined the market’s gloomy verdict on the UK’s growth prospects after the country’s vote to pull out of the European Union."
Can you spin this into a positive thing and say its all fine?
Not with much credibility, as you well know. The wavey emoticon won't make it go away.
So basically, in direct contrast to what you claimed, our borrowing costs have gone down, not up?Is this investor money being pulled out of e.g. the FTSE250 (look at the graph), into 'relative' safety?
Quite possibly. You seem to like google, so:
"The rush to gilts underlined the market’s gloomy verdict on the UK’s growth prospects after the country’s vote to pull out of the European Union."
Can you spin this into a positive thing and say its all fine?
Not with much credibility, as you well know. The wavey emoticon won't make it go away.
Perhaps you'll need to reconsider your previous comment? I guess that's the trouble with someone who can use google to find headlines but doesn't bother to read or simply doesn't understand the implications of those headlines,..
Edited by sidicks on Tuesday 28th June 06:41
sidicks said:
///ajd said:
The prices of gilts has gone up and their yield has gone down.
Is this investor money being pulled out of e.g. the FTSE250 (look at the graph), into 'relative' safety?
Quite possibly. You seem to like google, so:
"The rush to gilts underlined the market’s gloomy verdict on the UK’s growth prospects after the country’s vote to pull out of the European Union."
Can you spin this into a positive thing and say its all fine?
Not with much credibility, as you well know. The wavey emoticon won't make it go away.
So basically, in direct contrast to what you claimed, our borrowing costs have gone down, not up?Is this investor money being pulled out of e.g. the FTSE250 (look at the graph), into 'relative' safety?
Quite possibly. You seem to like google, so:
"The rush to gilts underlined the market’s gloomy verdict on the UK’s growth prospects after the country’s vote to pull out of the European Union."
Can you spin this into a positive thing and say its all fine?
Not with much credibility, as you well know. The wavey emoticon won't make it go away.
Perhaps you'll need to reconsider your previous comment? I guess that's the trouble with someone who can use google to find headlines but doesn't bother to read or simply doesn't understand the implications of those headlines,..
Edited by sidicks on Tuesday 28th June 06:41
The implications are still valid - the rush to gilts is a short term panic measure, as explained above.
How would you explain it? A sign of confidence in the UK economy? Go on, say it!
///ajd said:
Nope, it still stands as the generally valid outcome of an economic downturn, as you well know.
The implications are still valid - the rush to gilts is a short term panic measure, as explained above.
How would you explain it? A sign of confidence in the UK economy? Go on, say it!
So, to be clear, you claimed one thing despite the exact opposite thing having already happened?The implications are still valid - the rush to gilts is a short term panic measure, as explained above.
How would you explain it? A sign of confidence in the UK economy? Go on, say it!
The Fitch report also pointed out:
At the same time, the long average maturity of public debt almost exclusively GBP-denominated and low interest service burden imply a higher level of debt tolerance than many high-rated peers.
But being someone who just googles the headlines you wouldn't appreciate or understand this!
AJL308 said:
230TE said:
B'stard Child said:
Obvious but raised a chuckle from me
This also made me laugh
Laugh, or just marvel at the vindictive childishness of one of the people the EU gave the job of trying to maintain stability in Europe? It will be interesting to see if this makes the news headlines tomorrow. It should. Talk about pouring petrol on a bonfire...This also made me laugh
At best - misjudged, at worst - unbelievably arrogant! Especially as by 'Winter' I presume he means a downturn that will affect the poorest in society most.
Charming man!
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