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Brexit relief for UK economy might not last long

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54 minutes ago, puipuitom said:

Who said, the EU will accept the UK ( or what is left of it in a few years) as a member again ?

Remind, this is NOT decided at Downing street nr 10, but in the EU Council, existing of the heads of governments of the EU member states. And 1 Feb. the UK is no longer a member, so has to say as much as the prime minster of Argentina or Zimbabwe.

doubt if the EU will survive in its present form ,Germany is already going into recession and France has major problems ,who else will there be to pay for it?

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1 hour ago, puipuitom said:

Who said, the EU will accept the UK ( or what is left of it in a few years) as a member again ?

 

No one said that . 

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1 hour ago, Thingamabob said:

...does Krugman ever get anything right ? 

No.

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There is always a sterling bounce after an election, especially if it is a Tory win.  However these are not normal times and the future is still uncertain.  It is only the beginning and nobody knows what sort of Brexit we will finally end up with.  We will not see the wood for the trees for at least a year and that is only if Boris delivers on his time scale.  In the meantime the Tories have made a lot of commitments in their election campaign which will mean borrowing a vast amount of money to fulfil. Of course Johnson could say that we have to wait for any of that until after the transition period is completed.

 

Truth is none of know and with Boris's reputation of lying through his teeth, he has a lot of convincing to do to get people to trust anything he says.

 

At least we can go into the new year knowing that Corbyn and Farage are gone and are unlikely to return.  You can be sure that Johnson will continue to be scrutinised by a very sceptical public.

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2 hours ago, hotchilli said:

And I know some that gained fruitful employment when the Brexit vote was carried to get out.... employment swings both ways!

 

 

"My" people had well-paying jobs: a Banker, a Lawyer, and a Manager in a car-factory.

 

 -  What kind of jobs did "your" people find ? 

 

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Seat, take pop corn, few can of your preferred brew, open your news and financial apps and watch the bell ringing by end of 2020, if you smart, before that time, you will move out UK whatever investment, cash or property you got, safely invest somewhere else.

Once UK (not that far, end of 2021) will break apart with Scotts out and North Irish and Welsh will be on the same path, then property market will be worth a third of today, that is the time to go back and invest.

Of course very few will listen and the majority will lose big time, bubbling and blaming EU or Labour (which is not that wrong, as with a better candidate they will have easily won election), instead of blame their conservative vote and support to BS BJ.

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On 12/14/2019 at 3:14 PM, Thingamabob said:

...does Krugman ever get anything right ? 

I would enjoy a few examples of his errors. I used to read his column in the Bangkok Post.

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Pound strength will continue fundamentally for years to come as capital inflows coming back to the U.K. now will support the pound. It will also benefit from a slowly changing tide in favour of non-US assets. 

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The tables have turned.. The EU eon't be calling the shots anymore with the majority Boris Johnson has.. A No deal trade deal will hurt them just as much.

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On 12/14/2019 at 5:03 PM, ivor bigun said:

doubt if the EU will survive in its present form ,Germany is already going into recession and France has major problems ,who else will there be to pay for it?

Oh yes damn …. as you where the only one who payed money in the E.U. treasure case ……🤔 

 

(Really there is no hope for those Imperialistic believers in "Britannia rules the waves "....  🙄 )

Edited by david555

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