Pyrpolizer wrote:Paphitis wrote:
The irony is that it is in fact the EU that is not performing. It's the worst performing continent on the planet
Nonsense! The Eu consists of already developed and non developed countries from the ex Soviet block. E.g. Poland broke all records in development.
Still the verage growth for the EU is expected to be 1.3%. It’s true Australia and the US will grow 2% or even 3% and Africa India etc much more but you are comparing apples with oranges.
wrote: The UK will be trading under WTO terms with the rest of the world - USA, Canada, Australia, China, India and so on like the rest of the world does.
So? If it ever strikes a favorable trade deal with which it will export more than what it imports come back and point it to us.
wrote: Things will become cheaper and I also believe that Britain will end up outperforming the EU.
Yeah right. We already had a big argument about that. Forecasts don’t agree with you.
wrote: The reason why people trade in USD (it's not just petrol) is because it's easy and USD is highly in demand for business and trade. It's the currency of choice because the exchange is easy and the currency is a lot more stable.
The reason is because the USA forced (initially S.Arabia) to export oil in US$ and subsequently most of the OPEC thus backing up the US economy in Petrodollars. This made the US$ stable with low inflation in the US but on the other hand forcing the oil producing countries to SUCK American dept. For this reason Saudi Arabia is today the biggest buyer of US armaments. Still about 25% of Oil is traded in Euro compared to ~60% in US$.
America and Australia are developed as well, as is Japan, Singapore and South Korea and others. China is also transitioning to a developed economy.
It isn't nonsense at all. The EU is the worst performing area out of all sectors, both developed and non developed and that should tell you something right there. The EU has ALWAYS not performed as well as the rest of the world. Sure some economies like Poland and Hungary may do ok in the EU but most developed countries are not and Germany has just slipped into recession.
The doomsayers have been pointing fingers at Britain saying they will collapse but those that look like crashing are countries in the Eurozone.
A lot of countries have a trade deficit. Cyprus has one of the biggest trade deficits in the world of about 6 Billion Euros which equated to about 25% of GDP. But this never translates to debt. What translates to debt is when Government spends more on services. The trade deficit is usually attributed to corporations, business, and individuals who even buy stuff off Amazon.
Yes a lot of things will actually get cheaper after Brexit. things like computers and technology, Apples, Iwatches, Ipads, Books, Clothes, Food, Meat, Cars, White Goods and other manufactured goods from China, Australia, US, Asia will get cheaper. Some other things will get dearer.
And yes, Britain will sign good free trade deals with many countries and that is very exciting. I don't buy these conspiracy theories.
Your forecasts are not scientifically based and are just project fear. I am very upbeat about BREXIT. I do not believe Britain will suffer much at all.