The economic consequences of Brexit (Vol 2)

[turbobloke]

wl606 said:

Pound deemed riskier than the Euro - http://www.reuters.com/article/us-britain-sterling...

Interesting reversal, though the EU side looks rose-tinted.

Also low risk at one time = subprime non-recourse ninja mortgages securitized into MBSs and CDOs with high ratings from credit agencies.

[Jockman]

turbobloke said:

wl606 said:

Pound deemed riskier than the Euro - http://www.reuters.com/article/us-britain-sterling...

Interesting reversal, though the EU side looks rose-tinted.

Also low risk at one time = subprime non-recourse ninja mortgages securitized into MBSs and CDOs with high ratings from credit agencies.

Can you give me that in Scottish please mate.

[turbobloke]

Jockman said:

turbobloke said:

wl606 said:

Pound deemed riskier than the Euro -

Interesting reversal, though the EU side looks rose-tinted.

Also low risk at one time = subprime non-recourse ninja mortgages securitized into MBSs and CDOs with high ratings from credit agencies.

Can you give me that in Scottish please mate.

As it happens, no.

MBS and CDOs are financial products that were seen as low risk and safe prior to the (mostly unexpected) global financial crisis. They turned out to be anything but low risk.

If the Euro is seen as low(er) risk now, that would still be the case if 'now' turns out to be prior to the (mostly unexpected) collapse of the EZ.

Economists and finance gurus don't know what the future holds .

[Jockman]

turbobloke said:

Jockman said:

turbobloke said:

wl606 said:

Pound deemed riskier than the Euro -

Interesting reversal, though the EU side looks rose-tinted.

Also low risk at one time = subprime non-recourse ninja mortgages securitized into MBSs and CDOs with high ratings from credit agencies.

Can you give me that in Scottish please mate.

As it happens, no.

MBS and CDOs are financial products that were seen as low risk and safe prior to the (mostly unexpected) global financial crisis. They turned out to be anything but low risk.

If the Euro is seen as low(er) risk now, that would still be the case if 'now' turns out to be prior to the (mostly unexpected) collapse of the EZ.

Economists and finance gurus don't know what the future holds .

Maybe the currency markets are anticipating another GE and a potential JC victory? They don't like uncertainty, that's for sure.

[turbobloke]

Jockman said:

turbobloke said:

Jockman said:

turbobloke said:

wl606 said:

Pound deemed riskier than the Euro -

Interesting reversal, though the EU side looks rose-tinted.

Also low risk at one time = subprime non-recourse ninja mortgages securitized into MBSs and CDOs with high ratings from credit agencies.

Can you give me that in Scottish please mate.

As it happens, no.

MBS and CDOs are financial products that were seen as low risk and safe prior to the (mostly unexpected) global financial crisis. They turned out to be anything but low risk.

If the Euro is seen as low(er) risk now, that would still be the case if 'now' turns out to be prior to the (mostly unexpected) collapse of the EZ.

Economists and finance gurus don't know what the future holds .

Maybe the currency markets are anticipating another GE and a potential JC victory? They don't like uncertainty, that's for sure.

How would a GE come about? AFAIK there are only two viable routes within the Fixed Term Parliament Act:

- vote of no confidence which includes Queen's Speech and Budget votes
- two thirds of MPs agree to a GE (as happened recently)

The DUP are coming on board with a confidence and supply deal, so the first option is out, also because...

Conservative MPs would be risking their jobs to go to the country again, and the electorate is sick of elections - the Conservatives alone could defeat an election motion with no help.

[Jockman]

turbobloke said:

Jockman said:

turbobloke said:

Jockman said:

turbobloke said:

wl606 said:

Pound deemed riskier than the Euro -

Interesting reversal, though the EU side looks rose-tinted.

Also low risk at one time = subprime non-recourse ninja mortgages securitized into MBSs and CDOs with high ratings from credit agencies.

Can you give me that in Scottish please mate.

As it happens, no.

MBS and CDOs are financial products that were seen as low risk and safe prior to the (mostly unexpected) global financial crisis. They turned out to be anything but low risk.

If the Euro is seen as low(er) risk now, that would still be the case if 'now' turns out to be prior to the (mostly unexpected) collapse of the EZ.

Economists and finance gurus don't know what the future holds .

Maybe the currency markets are anticipating another GE and a potential JC victory? They don't like uncertainty, that's for sure.

How would a GE come about? AFAIK there are only two viable routes within the Fixed Term Parliament Act:

- vote of no confidence which includes Queen's Speech and Budget votes
- two thirds of MPs agree to a GE (as happened recently)

The DUP are coming on board with a confidence and supply deal, so the first option is out, also because...

Conservative MPs would be risking their jobs to go to the country again, and the electorate is sick of elections - the Conservatives alone could defeat an election motion with no help.

Can't disagree with the viewpoint TB. I just see a lot of bumps along the way, not just the Sewel Convention, nor the Salisbury Convention but a precarious balance being struck in the conservative ranks.

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

[turbobloke]

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

[turbobloke]

Jockman said:

Can't disagree with the viewpoint TB. I just see a lot of bumps along the way, not just the Sewel Convention, nor the Salisbury Convention but a precarious balance being struck in the conservative ranks.

Tory Turkeys may make a bit of noise but would they vote for an early Christmas?

[Jockman]

turbobloke said:

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

No chance. He has been a leaver all his life. Unless you have a link.....?

[Jockman]

turbobloke said:

Jockman said:

Can't disagree with the viewpoint TB. I just see a lot of bumps along the way, not just the Sewel Convention, nor the Salisbury Convention but a precarious balance being struck in the conservative ranks.

Tory Turkeys may make a bit of noise but would they vote for an early Christmas?

One would hope not. CMD and May both hoped to lance it but it's the boil that just keeps giving !!!!

[Deptford Draylons]

Jockman said:

turbobloke said:

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

No chance. He has been a leaver all his life. Unless you have a link.....?

The leaver all his life who campaigned for Remain, then was really backing fake Brexit of staying in the SM and CU, but who then copied the Ukip manifesto of stopping free movement as the key objective to win some votes, but who is really pro open borders and now campaigns for leaving the SM. Principled and consistent, Jeremy.

[Jockman]

Deptford Draylons said:

Jockman said:

turbobloke said:

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

No chance. He has been a leaver all his life. Unless you have a link.....?

The leaver all his life who campaigned for Remain, then was really backing fake Brexit of staying in the SM and CU, but who then copied the Ukip manifesto of stopping free movement as the key objective to win some votes, but who is really pro open borders and now campaigns for leaving the SM. Principled and consistent, Jeremy.

He would probably sell his soul for a vote but that's not the point. When it comes to brexit it's his party that is split. He is as expedient as they come until he is ever in office.

[turbobloke]

Deptford Draylons said:

Jockman said:

turbobloke said:

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

No chance. He has been a leaver all his life. Unless you have a link.....?

The leaver all his life who campaigned for Remain, then was really backing fake Brexit of staying in the SM and CU, but who then copied the Ukip manifesto of stopping free movement as the key objective to win some votes, but who is really pro open borders and now campaigns for leaving the SM. Principled and consistent, Jeremy.

The 'leaver all his life' who turned Remain then backed Leave. That's the one!

http://www.bbc.co.uk/news/uk-politics-34272334

17 September 2015 Jeremy Corbyn: Labour will not back EU exit

Compare with this

http://www.labour.org.uk/index.php/manifesto2017/b...

Here are JC's five u-turns within 2 weeks as Labour 'leader':

http://www.telegraph.co.uk/news/politics/labour/11...

There have been six or severn more Corbyn u-turns which I posted in one of the threads before the election. He's worse than May for u-turning but manages to get away with it.

[jonnyb]

turbobloke said:

Deptford Draylons said:

Jockman said:

turbobloke said:

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

No chance. He has been a leaver all his life. Unless you have a link.....?

The leaver all his life who campaigned for Remain, then was really backing fake Brexit of staying in the SM and CU, but who then copied the Ukip manifesto of stopping free movement as the key objective to win some votes, but who is really pro open borders and now campaigns for leaving the SM. Principled and consistent, Jeremy.

The 'leaver all his life' who turned Remain then backed Leave. That's the one!

http://www.bbc.co.uk/news/uk-politics-34272334

17 September 2015 Jeremy Corbyn: Labour will not back EU exit

Compare with this

http://www.labour.org.uk/index.php/manifesto2017/b...

Here are JC's five u-turns within 2 weeks as Labour 'leader':

http://www.telegraph.co.uk/news/politics/labour/11...

There have been six or severn more Corbyn u-turns which I posted in one of the threads before the election. He's worse than May for u-turning but manages to get away with it.

He's aligning himself with his support base. May on the, other hand, doesn't know where her support base is.

[turbobloke]

jonnyb said:

turbobloke said:

Deptford Draylons said:

Jockman said:

turbobloke said:

Jockman said:

What seems to be forgotten is that Labour is deeply divided on Europe, a heck of a lot more than the Tories.

With Corbyn u-turning on Brexit.

No chance. He has been a leaver all his life. Unless you have a link.....?

The leaver all his life who campaigned for Remain, then was really backing fake Brexit of staying in the SM and CU, but who then copied the Ukip manifesto of stopping free movement as the key objective to win some votes, but who is really pro open borders and now campaigns for leaving the SM. Principled and consistent, Jeremy.

The 'leaver all his life' who turned Remain then backed Leave. That's the one!

http://www.bbc.co.uk/news/uk-politics-34272334

17 September 2015 Jeremy Corbyn: Labour will not back EU exit

Compare with this

http://www.labour.org.uk/index.php/manifesto2017/b...

Here are JC's five u-turns within 2 weeks as Labour 'leader':

http://www.telegraph.co.uk/news/politics/labour/11...

There have been six or severn more Corbyn u-turns which I posted in one of the threads before the election. He's worse than May for u-turning but manages to get away with it.

He's aligning himself with his support base. May on the, other hand, doesn't know where her support base is.

You're giving him too much credit.

Jeremy Corbyn makes benefits U-turn as he back-pedals on promise to reverse freeze benefits

http://www.telegraph.co.uk/news/2017/05/16/jeremy-...

Jeremy Corbyn makes embarrassing U-turn on wage caps within hours of announcement

http://www.independent.co.uk/news/uk/politics/jere...

It's random walk meets bending with the breeze.

[glazbagun]

Winners and losers since the brexit vote:

http://www.telegraph.co.uk/business/2017/06/22/yea...

[speedy_thrills]

Bloomberg ran an interesting segment on the UK economy a few days ago.

"In a perfect world, the Bank of England would not -- and should not -- be front and center in combating the stagflationary winds. But it is, and finds itself facing a growing risk of lose-lose policy challenges."

In the near future UK faces many similar issue to those Japan has like stagnant productivity, low inflation, ageing workforce and it sounds like the government are now serious about capping immigration. Unfortunately that's left Bank of Japan intervention a permanent fixture of their economy.

It'll be interesting to see what the government proposes from here.

[anonymous-user]

turbobloke said:

Jockman said:

Can't disagree with the viewpoint TB. I just see a lot of bumps along the way, not just the Sewel Convention, nor the Salisbury Convention but a precarious balance being struck in the conservative ranks.

Tory Turkeys may make a bit of noise but would they vote for an early Christmas?

Regrettably history tells us that the one thing Tory backbenchers do better than anyone, anywhere, is self destruct over Europe.

[steveT350C]

City safe despite Brexit....

https://order-order.com/2017/06/27/bloomberg-city-...

[London424]

https://order-order.com/2017/06/28/european-commis...

I'm sure the EU countries can't wait!