The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
RYH64E said:
Digga said:
ATG said:
No serious analysis of EU policy making even talks in terms of "what the EU wants" or "the EU's objectives". The "EU" is just the name of the club. The only thing that matters is what the club members individually think. You have to look at what Germany wants, what France wants, what the UK wants, what Spain wants, etc, etc, etc. That's precisely why any EU negotiation is so tortuous and why every statement or treaty that results from a negotiation is always couched in deliberately ambiguous language so that it can mean different things to different people.
Well, right now, Merkel is reported as saying she wants to "shut the Brexit back door": http://www.zerohedge.com/news/2016-10-19/sterling-...Make of that what you will.
walm said:
f
k me that's some twisted logic.
If it were some golden opportunity to sell to Mumbai then presumably it would have been worth their while to develop the skills.
Some random bizarre economy of scale over those skills isn't going to move the needle enough.
So in summary, you spend huge sums in order to make the SAME sales you were making pre-Brexit (the EU sales) all so that you can sell to a country that you didn't want to sell to in the first place.
As the saying goes, "When you get lemons, you make lemonade". I suggest you do that, rather than suck a lemon. Brexit is happening.k me that's some twisted logic.If it were some golden opportunity to sell to Mumbai then presumably it would have been worth their while to develop the skills.
Some random bizarre economy of scale over those skills isn't going to move the needle enough.
So in summary, you spend huge sums in order to make the SAME sales you were making pre-Brexit (the EU sales) all so that you can sell to a country that you didn't want to sell to in the first place.
Northern Munkee said:
Let me get this right. Each year they have a stream of known monthly cashflows in gbp that they convert into eur to contribute to the budget that was set in euros at the end of the previous year? Are you fvcking kidding me? A summer intern could hedge that risk and it would cost practically nothing! A known amount on a known date each month for a year. It's like the textbook example you'd use to teach someone what an FX forward/outright is used for. 
Digga said:
Clearly, there's dissonance between the political Germany and the business Germany.
Remind me, who will we be negotiating with, business leaders or political officials? If the UK referendum had only included business people there would most certainly have been a completely different result, unfortunately business rarely trumps politics, or public sentiment.
Borghetto said:
Yes like other Oxford Graduates who have worked for the Bank of England and have for years held high office, she'll be clueless. What confuses me, is how do so many over 60's get Nobel Prizes - Much rather have a young genius like you at the controls.
Are you over 60 too?Old people also have this habit where they think they are right about everything "because it's the way it's done"
RYH64E said:
I thought that Germany was going to make sure we got a deal because they need us more than we need them, I guess Merkel hasn't received that memo yet and hasn't been able to work it out for herself...
Why do people think economics trumps politics? If that were the case you'd have seen a debt restructuring for Greece, it makes financial sense but is politically unacceptable.davepoth said:
walm said:
fk me that's some twisted logic.
If it were some golden opportunity to sell to Mumbai then presumably it would have been worth their while to develop the skills.
Some random bizarre economy of scale over those skills isn't going to move the needle enough.
So in summary, you spend huge sums in order to make the SAME sales you were making pre-Brexit (the EU sales) all so that you can sell to a country that you didn't want to sell to in the first place.
As the saying goes, "When you get lemons, you make lemonade". I suggest you do that, rather than suck a lemon. Brexit is happening.k me that's some twisted logic.If it were some golden opportunity to sell to Mumbai then presumably it would have been worth their while to develop the skills.
Some random bizarre economy of scale over those skills isn't going to move the needle enough.
So in summary, you spend huge sums in order to make the SAME sales you were making pre-Brexit (the EU sales) all so that you can sell to a country that you didn't want to sell to in the first place.
And yes, I agree Brexit is a misfortune that will pose great difficulty to many lives. /Remoan
fblm said:
Northern Munkee said:
Let me get this right. Each year they have a stream of known monthly cashflows in gbp that they convert into eur to contribute to the budget that was set in euros at the end of the previous year? Are you fvcking kidding me? A summer intern could hedge that risk and it would cost practically nothing! A known amount on a known date each month for a year. It's like the textbook example you'd use to teach someone what an FX forward/outright is used for. Surely there must be someone in the EU that has heard of currency hedging.
Maybe they're not allowed to - but I cannot imagine that for a moment.
Northern Munkee said:
Article said:
“The euro is the currency of the European Union,” said Geier. “The Brits decided they didn’t want the euro so they will have to bear the consequences of this decision.”
Making it up as they go along.Borghetto said:
My answer was to point out that your ageist comment was not valid with regards our Prime Minister.
Ah, so someone that hasn't been in trade or industry for well, ages is now in charge of leading us through one of our biggest economic reforms based on experiences from decades ago.Excellent.
johnfm said:
fblm said:
Northern Munkee said:
Let me get this right. Each year they have a stream of known monthly cashflows in gbp that they convert into eur to contribute to the budget that was set in euros at the end of the previous year? Are you fvcking kidding me? A summer intern could hedge that risk and it would cost practically nothing! A known amount on a known date each month for a year. It's like the textbook example you'd use to teach someone what an FX forward/outright is used for. Surely there must be someone in the EU that has heard of currency hedging.
Maybe they're not allowed to - but I cannot imagine that for a moment.
Northern Munkee said:
As mentioned in the comments on that article... They could probably get back what they're currently losing by talking up how keen they are to get a good deal for the UK and EU in Brexit negotiations. And also to rubbish the suggestion that they need to punish the UK.[quote=jamoor]
Ah, so someone that hasn't been in trade or industry for well, ages is now in charge of leading us through one of our biggest economic reforms based on experiences from decades ago.
Excellent.[/quote
Your original statement was that our PM couldn't use or understand the Internet, which is clearly wrong. The largest opposition political parties in our parliament are led by Corbyn and Hosie, perhaps you would prefer to have them driving the exit negotiations. Corbyn is over 70 and Hosie behaves like a spoilt child - go on, you choose. Or maybe you'd like a revolution whereby a leader you have confidence in can take over . Are you still at school?
Ah, so someone that hasn't been in trade or industry for well, ages is now in charge of leading us through one of our biggest economic reforms based on experiences from decades ago.
Excellent.[/quote
Your original statement was that our PM couldn't use or understand the Internet, which is clearly wrong. The largest opposition political parties in our parliament are led by Corbyn and Hosie, perhaps you would prefer to have them driving the exit negotiations. Corbyn is over 70 and Hosie behaves like a spoilt child - go on, you choose. Or maybe you'd like a revolution whereby a leader you have confidence in can take over . Are you still at school?
jamoor said:
Are you over 60 too?
Old people also have this habit where they think they are right about everything "because it's the way it's done"
I thought it was the young who think they know everything. Older people recognise their limitations through bitter experience. /Dirty HarryOld people also have this habit where they think they are right about everything "because it's the way it's done"
Borghetto]amoor said:
Ah, so someone that hasn't been in trade or industry for well, ages is now in charge of leading us through one of our biggest economic reforms based on experiences from decades ago.
Excellent.[/quote
Your original statement was that our PM couldn't use or understand the Internet, which is clearly wrong. The largest opposition political parties in our parliament are led by Corbyn and Hosie, perhaps you would prefer to have them driving the exit negotiations. Corbyn is over 70 and Hosie behaves like a spoilt child - go on, you choose. Or maybe you'd like a revolution whereby a leader you have confidence in can take over . Are you still at school?
This is my point, they are all detached from reality.Excellent.[/quote
Your original statement was that our PM couldn't use or understand the Internet, which is clearly wrong. The largest opposition political parties in our parliament are led by Corbyn and Hosie, perhaps you would prefer to have them driving the exit negotiations. Corbyn is over 70 and Hosie behaves like a spoilt child - go on, you choose. Or maybe you'd like a revolution whereby a leader you have confidence in can take over . Are you still at school?
johnfm said:
That report CANNOT possibly be true.
Surely there must be someone in the EU that has heard of currency hedging.
Maybe they're not allowed to - but I cannot imagine that for a moment.
Even if they couldn't do forwards they could hedge 95% of the risk on day 1 just by doing a single spot trade for the total net gbp amount! I agree the story can't possibly be true unless they are staggeringly incompetent... oh right. Surely there must be someone in the EU that has heard of currency hedging.
Maybe they're not allowed to - but I cannot imagine that for a moment.
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