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A SHORT LIVED RECOVERY ?

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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 13, 2020 4:34 pm

miltiades wrote:Anyone that believes that the UK economy will be better off this year or indeed for years after is hallucinating. The EU will continue to thrive regardless of the UK's exit. Sterling will have a rough time as indeed is having right now.
As far as the General is concerned the strength or weekness of the pound is of no significance. The financial markets however think otherwise and they do put their money where their mouths are unlike Paphitis who makes up economic statements based on his own prejudices.
As for bucket man, well he only has a singular brain cell and sits on it 24/7. :lol:


And another thing! The UK outperformed the EU with one hand tied behind their back whilst they were on the ropes due to their own stupidity and ineptitude trying to negotiate with the Europeans who were committing acts of economic terrorism against a sovereign country.

They tried to divide a nation and exploit its vulnerabilities.

The EU lost! Commiserations! :D

Tsie na bane stanathema!

Now then. Let's see if the EU has the balls to not have a FTD with the UK. Tables have flipped and the UK is now in charge and dictating the terms, not the EU.

Since they have thrown the gauntlet down saying they are happy with WTO terms, the shoe is now on the other foot and they have liberated themselves from the EU criminals.

Britannia conquered the EU. Rule Britannia now in charge and setting the rules. They are out, still have the Sterling, and are not part of Shengen and can still travel to the USA for now.

they dodged a bullet, and will have their cake and eat it too.

kane toumbes EU tsie ta skata sas na fate! 8)
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Re: A SHORT LIVED RECOVERY ?

Postby miltiades » Fri Mar 13, 2020 5:02 pm

You are full of .....kangaroo shit :lol:
By the way, did you manage to get rid of Assad ? Do you still hate Putin more than ISIS?
You are a first class Plonker. :lol:
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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 13, 2020 5:11 pm

miltiades wrote:You are full of .....kangaroo shit :lol:
By the way, did you manage to get rid of Assad ? Do you still hate Putin more than ISIS?
You are a first class Plonker. :lol:


Image
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Re: A SHORT LIVED RECOVERY ?

Postby erolz66 » Fri Mar 13, 2020 6:09 pm

Paphitis wrote:And another thing! The UK outperformed the EU with one hand tied behind their back whilst they were on the ropes due to their own stupidity and ineptitude trying to negotiate with the Europeans who were committing acts of economic terrorism against a sovereign country.


Back in reality and using your own key economic indicator of GDP growth, before the UK voted to leave the EU it was outperforming other EU nations, as EU average, on this indicator and since it voted to leave it has under performed the EU average. Quarter after quarter, year after year to date with no sign of any imminent turn around.
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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 13, 2020 6:15 pm

erolz66 wrote:
Paphitis wrote:And another thing! The UK outperformed the EU with one hand tied behind their back whilst they were on the ropes due to their own stupidity and ineptitude trying to negotiate with the Europeans who were committing acts of economic terrorism against a sovereign country.


Back in reality and using your own key economic indicator of GDP growth, before the UK voted to leave the EU it was outperforming other EU nations, as EU average, on this indicator and since it voted to leave it has under performed the EU average. Quarter after quarter, year after year to date with no sign of any imminent turn around.


Once again!

UK GDP Growth:

https://tradingeconomics.com/united-kingdom/gdp-growth

compared to EU GDP Growth:

https://tradingeconomics.com/european-union/gdp-growth

In the last 4 quarters, the EU recorded 1.2% GDP Growth whilst the UK recorded 1.8% GDP growth. So the UK grew 50% faster.

EU unemployment rate:

https://ec.europa.eu/eurostat/statistic ... statistics

Compared to UK unemployment rate:

https://www.ons.gov.uk/employmentandlab ... employment

EU unemployment currently at 7.4%

UK unemployment rate 3.8%

So UK unemployment is slightly more than half that of the EU unemployment rate.

Burn baby burn! :D

:lol: :lol: :lol:
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Re: A SHORT LIVED RECOVERY ?

Postby erolz66 » Fri Mar 13, 2020 7:09 pm

Paphitis wrote:Once again!


Indeed once again. This graph - unlike yours combines both EU average GDP growth rate and the UK's in to a single chart. It is simple and clear and easy to understand

Image

Up to start of 2016 the UK GDP growth was higher than the EU average. Mid 2016 when we voted in the referendum to leave it first fell in line with the EU average and then soon dropped below it ans REMAINED below it ever since.
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Re: A SHORT LIVED RECOVERY ?

Postby miltiades » Fri Mar 13, 2020 8:37 pm

It looks as if Sterling is got the ....virus !!.
Trading at below or just over 1.11 against the Euro. Bucket man take note. As the saying goes what goes up must come down especially when its weighted down by Plonkeritis virus as well as a load of the Brexshit virus :lol:
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Re: A SHORT LIVED RECOVERY ?

Postby cyprusgrump » Sat Mar 14, 2020 7:32 am

miltiades wrote:It looks as if Sterling is got the ....virus !!.
Trading at below or just over 1.11 against the Euro. Bucket man take note. As the saying goes what goes up must come down especially when its weighted down by Plonkeritis virus as well as a load of the Brexshit virus :lol:



Another keeper! :lol:

How (even more) stupid you are going to look CoCo when Sterling recovers again... :wink:
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Re: A SHORT LIVED RECOVERY ?

Postby miltiades » Sat Mar 14, 2020 9:07 am

cyprusgrump wrote:
miltiades wrote:It looks as if Sterling is got the ....virus !!.
Trading at below or just over 1.11 against the Euro. Bucket man take note. As the saying goes what goes up must come down especially when its weighted down by Plonkeritis virus as well as a load of the Brexshit virus :lol:



Another keeper! :lol:

How (even more) stupid you are going to look CoCo when Sterling recovers again... :wink:

Yes Sterling will recover when we have some encouraging news about our economy . Nothing would pl3as3 me more to see Britain becoming economically a healthy nation. However stupidity generally isn't conducive to economic health. Brexit will go down in history as the worst and stupidest action ever taken by Britain.
Remember the vast majority of leavers havethe same brain as you have, basically one singular cell infevted by utter stupidvirus :lol:
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Re: A SHORT LIVED RECOVERY ?

Postby Robin Hood » Sat Mar 14, 2020 4:56 pm

Milti:

After the referendum in 2016 you were predicting the collapse of Sterling and it would be par with the Euro by Christmas.

I told you it would dip and then recover ..... you said that was rubbish. But it did recover but it will always drift up and down all the time there are speculators! How do you think they make their money?

What I find amusing but at the same time very sad is the collapse of the so called Markets! Because all The Markets trade in is pieces of paper that have no face value but a value set by the same speculators that value currency ...... and at the helm of all that chaos are THE BANKS! What happens to share values is NOT the real economy but it impacts it by creating uncertainty and panic.

The Banks of course will get bailed out as they need 'LIQUIDITY to survive, to you and me that is money! They need to lend others money at interest ...... no money to lend .... no interest! Banks assets are comprised of nothing more than debt..... yours, mine, business and industry ...... even Government ......... by creating debt and thus creating money for others, who pledge their real wealth as security because that is the way the system has been structured. When the debt goes bad ...... your assets are ceased and sold off!

With a bit of luck this global crisis will lead to a change in this system? :wink:
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