The economic consequences of Brexit (Vol 2)

The economic consequences of Brexit (Vol 2)

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jjlynn27

7,935 posts

110 months

Friday 20th October 2017
quotequote all
Digga said:
Not sure about leftie, but certainly Goldman has consistently proved itself to be both a proponent and instrument of the Harvard Keynsian economic ideal. Greedy and unprincipled too; their influence in the Greek Euro debacle being, very possibly, their nadir.

It's interesting that, unlike many other large banks, Goldman has yet to be properly hauled over the coals. It is rather unwise of Blankfein to be quite so chippy about Brexit, it's just another reason why if (or when, because never is a long time - ask Harvey Weinstein) GS do ever get pulled up for their antics, his scalp will be an attractive target.
Do you actually believe that you get to the top of GS without being very clever and extremely calculating? LB was in front of the select committee already IIRC, so not sure that they haven't been hauled over the coals.



Digga

40,349 posts

284 months

Friday 20th October 2017
quotequote all
jjlynn27 said:
Digga said:
Not sure about leftie, but certainly Goldman has consistently proved itself to be both a proponent and instrument of the Harvard Keynsian economic ideal. Greedy and unprincipled too; their influence in the Greek Euro debacle being, very possibly, their nadir.

It's interesting that, unlike many other large banks, Goldman has yet to be properly hauled over the coals. It is rather unwise of Blankfein to be quite so chippy about Brexit, it's just another reason why if (or when, because never is a long time - ask Harvey Weinstein) GS do ever get pulled up for their antics, his scalp will be an attractive target.
Do you actually believe that you get to the top of GS without being very clever and extremely calculating? LB was in front of the select committee already IIRC, so not sure that they haven't been hauled over the coals.
I think it not unfair to say that given what GS have been involved with - even within public knowledge - they've come off pretty lightly.

LB may well be very clever, but so was Weinstein. The trouble comes when you give enough other very clever people reasons to bring you down. It is definitely not clever to do that so flippantly.

don'tbesilly

13,937 posts

164 months

Friday 20th October 2017
quotequote all
jjlynn27 said:
don'tbesilly said:
jjlynn27 said:
Meh, leftie loser, project fear. Good riddance.
When do you leave?
I would, but it's way too much fun to mock moron brickies who can't figure out bad photoshop.

Anything else?

smile
Brickie?

You've been taking too much notice of Eddie, both wrong, but hey ho!

It reminds me of just how wrong you got things pre referendum, when you thought Remain would win:

jjlynn27 said:
This thread is going to be pure comedy gold to read on 24th of June.
Comedy gold indeed laugh




jjlynn27

7,935 posts

110 months

Friday 20th October 2017
quotequote all
Digga said:
jjlynn27 said:
Digga said:
Not sure about leftie, but certainly Goldman has consistently proved itself to be both a proponent and instrument of the Harvard Keynsian economic ideal. Greedy and unprincipled too; their influence in the Greek Euro debacle being, very possibly, their nadir.

It's interesting that, unlike many other large banks, Goldman has yet to be properly hauled over the coals. It is rather unwise of Blankfein to be quite so chippy about Brexit, it's just another reason why if (or when, because never is a long time - ask Harvey Weinstein) GS do ever get pulled up for their antics, his scalp will be an attractive target.
Do you actually believe that you get to the top of GS without being very clever and extremely calculating? LB was in front of the select committee already IIRC, so not sure that they haven't been hauled over the coals.
I think it not unfair to say that given what GS have been involved with - even within public knowledge - they've come off pretty lightly.

LB may well be very clever, but so was Weinstein. The trouble comes when you give enough other very clever people reasons to bring you down. It is definitely not clever to do that so flippantly.
I think that any parallel with Weinstein is, to put it mildly, misplaced. Whatever LB does there will be a lot of clever people wanting to take him down. I don't know enough about their involvment with Greece, bar reading about allegation that they made books looks better in order to join euro, to pass any comment.

It's also mostly irrelevant for this thread anyway. Don't think that anyone is suggesting that London is going ot lose primacy to either FaM or Paris or anywhere else overnight, but for economy as reliant on FS as UK's, these noises are concerning.

jjlynn27

7,935 posts

110 months

Friday 20th October 2017
quotequote all
don'tbesilly said:
jjlynn27 said:
don'tbesilly said:
jjlynn27 said:
Meh, leftie loser, project fear. Good riddance.
When do you leave?
I would, but it's way too much fun to mock moron brickies who can't figure out bad photoshop.

Anything else?

smile
Brickie?

You've been taking too much notice of Eddie, both wrong, but hey ho!
Ok, you got me. I didn't get that right. I don't know what's the title of the person that lugs bricks from one pile to another. Anyway, I'll take 'brickie' back.

So that line should read;


I would, but it's way too much fun to mock moron who can't figure out bad photoshop.


Better?


don'tbesilly said:
It reminds me of just how wrong you got things pre referendum, when you thought Remain would win:

jjlynn27 said:
This thread is going to be pure comedy gold to read on 24th of June.
Comedy gold indeed laugh
It is comedy gold. The thread was comedy gold on 24th.

You have no idea what I thought, so you are now resorting to outright lies.

This was my post on 29th of March about prediction of the result of referendum;

jjlynn27 on predictions of the result of the eu referendum page 4 said:

...Close call 52 : 48 out....
Anything else?

biggrin


don'tbesilly

13,937 posts

164 months

Friday 20th October 2017
quotequote all
https://www.google.co.uk/maps/@51.5164305,-0.10659...

Ongoing works on Goldman Sachs new European HQ.
Location: Shoe Lane. London, EC4, UK.

Main Contractor - Brookfield Multiplex. Contract value approx £350M
Fit out Contractor - ISG, Contract value approx £130m
Completion is expected to be in late 2019

I worked with BM last year on another of their projects, the QS I dealt with on the previous project is now working on the GS HQ.

anonymous-user

55 months

Friday 20th October 2017
quotequote all
jjlynn27 said:
don'tbesilly said:
It reminds me of just how wrong you got things pre referendum, when you thought Remain would win:
...


You have no idea what I thought, so you are now resorting to outright lies.

This was my post on 29th of March about prediction of the result of referendum;

jjlynn27 on predictions of the result of the eu referendum page 4 said:

...Close call 52 : 48 out....
Anything else?

biggrin
Ooof! I shall look forward to the snappy comeback to that fine example of pwnership.

I wish by the way, that I had bet a fktonne of cash on a leave vote, as I reckoned from about three or four years ago that we might well leave the EU this decade. There just seemed to be a head of steaming lunacy building, and indeed it built.

Eddie Strohacker

3,879 posts

87 months

Friday 20th October 2017
quotequote all
jjlynn27 said:
Anything else?

biggrin
Nurse. Bad burn on the building site, bring bandages for DBS.

don'tbesilly

13,937 posts

164 months

Friday 20th October 2017
quotequote all
jjlynn27 said:
You have no idea what I thought, so you are now resorting to outright lies.
I could level exactly the same accusation at you,it would make zero difference though.

Your last couple of posts have been nothing other than lies,yet it's you whinging like a ten year old.

It's the 29th soon, you can go out and play with the other kids, if the kids want you and Mum lets you out of the cellar.





don'tbesilly

13,937 posts

164 months

Friday 20th October 2017
quotequote all
Eddie Strohacker said:
jjlynn27 said:
Anything else?

biggrin
Nurse. Bad burn on the building site, bring bandages for DBS.
laugh

Didn't take long did it?

anonymous-user

55 months

Friday 20th October 2017
quotequote all
don'tbesilly said:
jjlynn27 said:
You have no idea what I thought, so you are now resorting to outright lies.
I could level exactly the same accusation at you,it would make zero difference though.

Your last couple of posts have been nothing other than lies,yet it's you whinging like a ten year old.

It's the 29th soon, you can go out and play with the other kids, if the kids want you and Mum lets you out of the cellar.
Well, that is almost a spirited attempt, but the Judge's scoring on that round is jlynn 10, dbs 6





wc98

10,416 posts

141 months

Friday 20th October 2017
quotequote all
Breadvan72 said:
Ooof! I shall look forward to the snappy comeback to that fine example of pwnership.

I wish by the way, that I had bet a fktonne of cash on a leave vote, as I reckoned from about three or four years ago that we might well leave the EU this decade. There just seemed to be a head of steaming lunacy building, and indeed it built.
you sure ? i didn't think betting was your strong point , ooof, i am looking forward to the snappy comeback to this fine example of pwnership wink

anonymous-user

55 months

Friday 20th October 2017
quotequote all
Betting is not my strong point. If I was any good at betting I would have placed a bet!

My one virtue is that I possess all vices save that of gambling.

jjlynn27

7,935 posts

110 months

Friday 20th October 2017
quotequote all
don'tbesilly said:
I could level exactly the same accusation at you,it would make zero difference though.
You could. It would be, unsurprisingly, just another lie.


don'tbesilly said:
Your last couple of posts have been nothing other than lies,yet it's you whinging like a ten year old.
Quote them.

Whinging? rofl

don'tbesilly said:
It's the 29th soon, you can go out and play with the other kids, if the kids want you and Mum lets you out of the cellar.
Clearly, I was wrong calling you moron.

smile


paul.deitch

2,105 posts

258 months

Friday 20th October 2017
quotequote all
How is it that this place always degenerates in a virtual bar room brawl.
We live in interesting times, every day here offers questions which are often questions of philosophy, not least political philosophy and if you get to the root of them very interesting to take apart. But no one explores the question in a logical way in the hope of eliciting more knowledge for themselves.

It is always a case of "Throw a brick over the wall and run". You are all very naughty boys, go and stand in the corner.smile

citizensm1th

8,371 posts

138 months

Saturday 21st October 2017
quotequote all
paul.deitch said:
It is always a case of "Throw a brick over the wall and run". You are all very naughty boys, go and stand in the corner.smile
with this in mind the times has a interesting article today whistle

wisbech

2,980 posts

122 months

Saturday 21st October 2017
quotequote all
To be fair, Theresa did warn Goldmans this would happen

https://www.theguardian.com/politics/video/2016/oc...

PRTVR

7,119 posts

222 months

Saturday 21st October 2017
quotequote all
Government borrowing at lowest September level for 10 years,

http://www.bbc.co.uk/news/business-41691656

I realize we haven't left yet but should not confidence and spending have fallen massively due to the Brexit effect ?

jjlynn27

7,935 posts

110 months

Saturday 21st October 2017
quotequote all
PRTVR said:
Government borrowing at lowest September level for 10 years,

http://www.bbc.co.uk/news/business-41691656

I realize we haven't left yet but should not confidence and spending have fallen massively due to the Brexit effect ?
BBC said:
The ONS said the lower borrowing in September was helped by stronger receipts from VAT, income and the stamp duty property tax, although corporation tax revenues were down slightly on a year ago.
However, Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said lower borrowing was still predominantly driven by spending cuts, not a rebound in tax receipts.
Do you understand things that you are quoting?


PRTVR

7,119 posts

222 months

Saturday 21st October 2017
quotequote all
jjlynn27 said:
PRTVR said:
Government borrowing at lowest September level for 10 years,

http://www.bbc.co.uk/news/business-41691656

I realize we haven't left yet but should not confidence and spending have fallen massively due to the Brexit effect ?
BBC said:
The ONS said the lower borrowing in September was helped by stronger receipts from VAT, income and the stamp duty property tax, although corporation tax revenues were down slightly on a year ago.
However, Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said lower borrowing was still predominantly driven by spending cuts, not a rebound in tax receipts.
Do you understand things that you are quoting?
I do, but I presumed as we head for the cliff edge things would start to fall apart, cuts or no cuts, increasing vat receipts doesn't point to lack of confidence.


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