Cyprus-Forum.com

[cyprusgrump]

Caroline Lucas’s coup against the people

The more Brexit seems like it might, just possibly, happen – perhaps by default rather than by design – the more desperate hardcore Remainers become in their efforts to stop it. Brexit Derangement Syndrome has by now well and truly transmogrified into the more aggressive Boris Derangement Syndrome. Every day brings forth apocalyptic predictions of what might happen if the UK leaves the EU without a deal, lectures from political has-beens, legal loopholes and new parliamentary wheezes to oust the government. It’s a sordid, anti-democratic and pathetic spectacle.

[miltiades]

Unlike you their brains are their heads not their arses. Rule Bri......
Checked the pound in your pocket recently ??

[Lordo]

Caroline Lucas’s coup against the people

The more Brexit seems like it might, just possibly, happen – perhaps by default rather than by design – the more desperate hardcore Remainers become in their efforts to stop it. Brexit Derangement Syndrome has by now well and truly transmogrified into the more aggressive Boris Derangement Syndrome. Every day brings forth apocalyptic predictions of what might happen if the UK leaves the EU without a deal, lectures from political has-beens, legal loopholes and new parliamentary wheezes to oust the government. It’s a sordid, anti-democratic and pathetic spectacle.

you what?

oust the government?

a government without a majority is like a dog with teeth ma boy.

remember the name

dr phillip lee is the name

out he will pop in september

with an anouncment

which will make your heart flutter

feelings of dispair

looking for a chair

to park your stupid ass

so as not fill your pants

with diarrhea

[Kikapu]

UK will surge under no deal Brexit says economist - ‘it ain’t no recession’

A LEADING economist has predicted that Britain’s economy is more than likely to surge back into growth, as she ridiculed fears of an imminent recession.

Is this not the ultimate case of speculation on steroids with nothing to back it up, and yet, the same people accuse the downward spiral of the £ for the last 3 years as being the result of "speculators" and had nothing to do with Brexit!

Man, whatever this so called "leading" economist is smoking, I want some too.

[Lordo]

i will not allow anybody say a single bad thing about this old tory witch except to ask where has she parked her broomstick.

[Robin Hood]

I have followed this man, Prof. Bill Mitchell for years! Believe me he knows what he is talking about. He doesn’t speculate he calculates using his extensive economic and monetary background and multiple sources, to reach conclusions …… if you really want to know about Brexit, the economics of it and MMT, this guy knows a lot more than the average MSM pundit on the subject.

The Brexit scapegoat …… from January this year.

The UK Guardian continued its anti-Brexit bias in its article (January 4, 2019) – Brexit anxiety drags UK economy almost to standstill. Read the words which clearly mean – Brexit anxiety causes UK economy to stall. No nuance. No comparability. Just plain, unproven bias. Now, let’s be clear. The British economy has slowed considerably in the last quarter and the chaotic political behaviour among the British government is bound to be causing anxiety among voters. The British establishment is looking more comical lately than it usually does. But, as I have demonstrated previously, the trajectory of the British economy that is emerging pre-dates the Brexit referendum and has more to do with austerity biases in policy design and the state of private domestic balance sheets (accumulated debt positions) than it has to do with Brexit anxiety. Further, the data that the Guardian reports (the latest PMI results) also suggest that the Eurozone and Germany, in particular, are also recording similar declines in sentiment and activity. It is hard to blame Brexit on that.

Full article with a host of links ………….

http://bilbo.economicoutlook.net/blog/?p=41287

Who is Bill Mitchel? Someone I would consider to know what he is talking about ..........

William Francis Mitchell (born March 1952) is a professor of economics at the University of Newcastle, New South Wales, Australia and a notable proponent of Modern Monetary Theory.

Mitchell holds the following degrees: PhD in Economics, University of Newcastle, 1998; Bachelor of Commerce, Deakin University, 1977; and Master of Economics Monash University, 1982. He completed a Master's Preliminary at the University of Melbourne in 1978 (with first-class honours).

https://en.wikipedia.org/wiki/Bill_Mitchell_(economist)

Some other articles on Brexit from Prof Mitchells blog posts on Brexit from 2016 and beyond include:(Links to these articles on the Brexit Scapegoat article.)

1. Britain should exit the European Union(June 22, 2016).

2. Why the Leave victory is a great outcome (June 27, 2016).

3. Brexit signals that a new policy paradigm is required including renationalisation (July 13, 2016).

4. Mayday! Mayday! The skies were meant to fall in … what happened? (August 24, 2016).

5. Austerity is the problem for Britain not Brexit (January 9, 2017).

6. The Left lacks courage and is riddled with inferiority complexes (January 11, 2017).

7. Why Britain should not worry about Brexit-motivated bank relocations (May 16, 2017).

8. Britain’s labour market showing no Brexit anxiety yet (May 30, 2017).

9. Britain doesn’t appear to be collapsing as a result of Brexit (December 13, 2017).

10. British Labour remainers – the reality seekers bogged down in myth (January 31, 2018).

11. The facts suggest Britain is not as reliant on EU as the Remain camp claim (April 16, 2018).

12. The Europhile Left use Jacobin response to strengthen our Brexit case (May 22, 2018).

13. The ‘if it is bad it must be Brexit’ deception in Britain (May 31, 2018).

14. How to distort the Brexit debate – exclude significant factors! (June 25, 2018).

15. Brexit doom predictions – the Y2K of today (August 26, 2018).

16. More Brexit nonsense from the pro-European dreamers (December 27, 2018).

17. British data confirms strong FDI continues despite Brexit chaos (December 12, 2018).

18. The Brexit scapegoat (January 7, 2019).


So Kikapu …….... exactly what is it that makes you think your opinion on Brexit and economics is in any way comparable to people like Mitchell? And there are many more like him, he is just more prolific on this subject than others.

[Londonrake]

UK will surge under no deal Brexit says economist - ‘it ain’t no recession’

A LEADING economist has predicted that Britain’s economy is more than likely to surge back into growth, as she ridiculed fears of an imminent recession.

Is this not the ultimate case of speculation on steroids with nothing to back it up, and yet, the same people accuse the downward spiral of the £ for the last 3 years as being the result of "speculators" and had nothing to do with Brexit!

Man, whatever this so called "leading" economist is smoking, I want some too.

But that's not true. Clearly, the idea that the drop in sterling's nothing to do with Brexit is absurd.

What I ask though is - should the Forex market/currency speculators be the principle drivers of the future of the UK?

What's happening is that they're making a great deal of money out of the volatility brought about by Brexit. Volatility is their hunting ground. If you look at the wider world economy and the UK's economic performance, there's no substantial reason to explain the "plummeting" (all Forex movements are expressed in superlatives) of sterling.

Ultimately it will recover. As it always has.

[Lordo]

the comments above sre byond belief. these economists could not see beyond their noses. carney who has the finger on the pulse is ignored and yet any tin pot asshole is believed.

we now have 80 days left and yet we have no agreement on actually using wto rules not until all 163 memebrs approve of our plans. one person objecting to them will put them on ice. and they are predicting the future based on what? what fakin future we will have no trading even with the rest of the world till there is an acceptance of our proposal. well at least we can fall back on hormone fed beef from america or even chlorinated chicken. but hang on a moment usa was the first to object uk using eu schedules. so much for free trade with them 3 or even 4 times as trum said.

i love this taking control bit. we certainly have taken control.

what was it mark twain said "it's easier to fool people than to convince them that they have been fooled"

well that is now certainly proven beyond doubt.

[Kikapu]

I have followed this man, Prof. Bill Mitchell for years! Believe me he knows what he is talking about. He doesn’t speculate he calculates using his extensive economic and monetary background and multiple sources, to reach conclusions …… if you really want to know about Brexit, the economics of it and MMT, this guy knows a lot more than the average MSM pundit on the subject.

The Brexit scapegoat …… from January this year.

The UK Guardian continued its anti-Brexit bias in its article (January 4, 2019) – Brexit anxiety drags UK economy almost to standstill. Read the words which clearly mean – Brexit anxiety causes UK economy to stall. No nuance. No comparability. Just plain, unproven bias. Now, let’s be clear. The British economy has slowed considerably in the last quarter and the chaotic political behaviour among the British government is bound to be causing anxiety among voters. The British establishment is looking more comical lately than it usually does. But, as I have demonstrated previously, the trajectory of the British economy that is emerging pre-dates the Brexit referendum and has more to do with austerity biases in policy design and the state of private domestic balance sheets (accumulated debt positions) than it has to do with Brexit anxiety. Further, the data that the Guardian reports (the latest PMI results) also suggest that the Eurozone and Germany, in particular, are also recording similar declines in sentiment and activity. It is hard to blame Brexit on that.

Full article with a host of links ………….

http://bilbo.economicoutlook.net/blog/?p=41287

Who is Bill Mitchel? Someone I would consider to know what he is talking about ..........

William Francis Mitchell (born March 1952) is a professor of economics at the University of Newcastle, New South Wales, Australia and a notable proponent of Modern Monetary Theory.

Mitchell holds the following degrees: PhD in Economics, University of Newcastle, 1998; Bachelor of Commerce, Deakin University, 1977; and Master of Economics Monash University, 1982. He completed a Master's Preliminary at the University of Melbourne in 1978 (with first-class honours).

https://en.wikipedia.org/wiki/Bill_Mitchell_(economist)

Some other articles on Brexit from Prof Mitchells blog posts on Brexit from 2016 and beyond include:(Links to these articles on the Brexit Scapegoat article.)

1. Britain should exit the European Union(June 22, 2016).

2. Why the Leave victory is a great outcome (June 27, 2016).

3. Brexit signals that a new policy paradigm is required including renationalisation (July 13, 2016).

4. Mayday! Mayday! The skies were meant to fall in … what happened? (August 24, 2016).

5. Austerity is the problem for Britain not Brexit (January 9, 2017).

6. The Left lacks courage and is riddled with inferiority complexes (January 11, 2017).

7. Why Britain should not worry about Brexit-motivated bank relocations (May 16, 2017).

8. Britain’s labour market showing no Brexit anxiety yet (May 30, 2017).

9. Britain doesn’t appear to be collapsing as a result of Brexit (December 13, 2017).

10. British Labour remainers – the reality seekers bogged down in myth (January 31, 2018).

11. The facts suggest Britain is not as reliant on EU as the Remain camp claim (April 16, 2018).

12. The Europhile Left use Jacobin response to strengthen our Brexit case (May 22, 2018).

13. The ‘if it is bad it must be Brexit’ deception in Britain (May 31, 2018).

14. How to distort the Brexit debate – exclude significant factors! (June 25, 2018).

15. Brexit doom predictions – the Y2K of today (August 26, 2018).

16. More Brexit nonsense from the pro-European dreamers (December 27, 2018).

17. British data confirms strong FDI continues despite Brexit chaos (December 12, 2018).

18. The Brexit scapegoat (January 7, 2019).


So Kikapu …….... exactly what is it that makes you think your opinion on Brexit and economics is in any way comparable to people like Mitchell? And there are many more like him, he is just more prolific on this subject than others.

In a word, absolutely none in any other day to day economics before the referendum in 2016. However, since the referendum in 2016, I would say his opinions are no better than mine or yours and any other Tom, Dick and Mary’s, because ALL of the above articles written by Prof. Michelle, and I will confess I have never heard of him nor have I read any of the listed articles you have posted and nor am I going to read any of them since they are ALL written after the referendum and before the UK has left the EU, so he can ONLY conjecture what he thinks or believes what is/might happen if and when the UK leaves the EU. Until that time, his articles may make a good read but has no value in the real world on Brexit, because Brexit has not yet happened, so how can you say his opinion carries more weight than mine or anyone else’s.

Now, we have seen the £ keep dropping soon after the 2016 referendum, therefore, any reasonable thinking person can associate the £’s drop the the eventuality of Brexit being implemented. Speculators come and go in a rapid short space of time. They make their money and move on because pretty soon after speculations start, generally the government and other agencies step in to calm the market and point out the fault of the market’s turmoil being blamed on speculators, then the market slowly returns to it’s intended levels. You cannot have 3 years of currency speculation where only the £ is being targeted. It is just not possible that the regulatory bodies have not laid the blame on speculators for the last 3 year. Could it be because the drop in the £ has absolutely nothing to do with currency speculation but uneasiness of the market’s worse case outcome if and when Brexit happens?

In other words, it is not speculation made by those who may be making money by shorting the £ but actually they are making money on the demise of the £ because the catalyst to their ability to make money on the demise of the £ is Brexit, which has nothing to do with speculation, but by being smart to make money on the back of Brexit because 17m Brits gave them the opportunity to bet against the £, because the 17m Brits took a gamble and bet against their own country’s future. Only time will tell if the 17m were right or wrong to gamble in a big way, but at the moment, it doesn’t look too promising that they made the right call, because the £ isn’t too happy, and has not been for the last 3 years.

[miltiades]

The proof of the pudding is in the eating.
Stg against Euro a day before the referendum 1.30 euros, today 1.07. Almost 20% down. Hard facts can not be dismissed with feeble excuses. Brexit result is bad for UK economy.