Brexit - Page 1
Forum section: electronics / general

author: Karel
author_rank: Super Contributor
timestamp: October 04, 2016, 05:29:09 pm
content: IMF clowns forced to admit Britain’s economy is GROWING despite predicting Brexit doomOfficials are facing a humiliating climbdown after claiming Britain would face a recession if the country opted to leave the European Union.But now the IMF expects the British economy to grow by 1.7 per cent this year and 1.3 per cent in 2017.http://www.express.co.uk/news/uk/691229/IMF-forced-admit-Britain-economy-growing-despite-Brexit-doom-EU

author: dannyf
author_rank: Super Contributor
timestamp: October 04, 2016, 05:54:00 pm
content: Most forecasting agencies started to upward revise their GDP forecasts about a month or so ago, with investment banks doing t first.As I always say, you have a far better chance of finding frauds among experts than regular folks

author: vodka
author_rank: Frequent Contributor
timestamp: October 04, 2016, 07:08:42 pm
content: Quote from: Karel on October 04, 2016, 05:29:09 pmIf you see the change currency for one year ago when the pound was 1.35173 € with the actual change currency that is the pound by 1.14181, you have lost a 15,53%http://www.xe.com/currencycharts/?from=GBP&to=EUR&view=1YAnd if you see the change at dolars, for one year ago ,the pound was a 1.52304 $, today the pound is 1.27463 $ you have lost a 16,31%http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1YThe british are a genious , you export a 16% more cheapest and you import a 16% more expensive ,on resume 32% the losses(grosso modo).And here we laughed from the Zapatero when his industrial minister taught him the economy on two afternoon. And you see as he left the country.

author: Zero999
author_rank: Super Contributor
timestamp: October 04, 2016, 07:30:55 pm
content: Oh no, not again. The last time this was posted, a flame war erupted and the thread closed.A weaker pound has both advantages as well as disadvantages. It makes exports cheaper and the same for tourists who travel to the UK. On the downside, it makes imports more expensive and the same for Brits who travel abroad.It appears the UK will most likely leave the single market, which will mean tariffs on exports to the EU but it means the UK is freer to make tariff free trade agreements with other non-EU countries.

author: boffin
author_rank: Unknown
timestamp: October 04, 2016, 07:53:07 pm
content: Quote from: Karel on October 04, 2016, 05:29:09 pmThe only clowns are those that read the Daily Express for economic news.Let's see what the IMF think of the UK economy. Oh look, a press release from today... They raised this year (slightly), and lowed the future. Personally, I'm more of a future kind of guy.The International Monetary Fund has cut its forecast for UK economic growth next year as it warned that the global recovery remains "weak and precarious".Although the IMF raised its prediction for UK GDP growth this year to 1.8%, the figure for 2017 was cut to 1.1%.Its assumptions are based on "smooth post-Brexit negotiations and a limited increase in economic barriers".The IMF's latest World Economic Outlook predicts "subpar" global growth this year of 3.1%, rising slightly in 2017http://www.bbc.com/news/business-37552076

author: nctnico
author_rank: Super Contributor
timestamp: October 04, 2016, 08:13:17 pm
content: IMHO the effect can only be studied after 5 years or so. There is far too much going on right now (conflicts in Africa and the middle east, energy source transition) to make accurate projections.

author: jonovid
author_rank: Super Contributor
timestamp: October 04, 2016, 08:16:13 pm
content: Quoteyar! the Same The wealthiest 1% of clowns are trying to keep their US proxy Wars going by their own saudi & zionist /masonic banking cartels, Also the Same clowns are trying get the US clinton has-beens back in to office. so they can keep destroying the sovereignty of their own nation in the name of globalism. But the US people just may have their own Brexit , by way of one President Trump!

author: zapta
author_rank: Super Contributor
timestamp: October 04, 2016, 08:24:14 pm
content: Quote from: Karel on October 04, 2016, 05:29:09 pmThis may be based on the assumption that brexit will not happen.

author: StillTrying
author_rank: Super Contributor
timestamp: October 04, 2016, 08:57:48 pm
content: Quote from: Karel on October 04, 2016, 05:29:09 pmIf you divide the "growth" by the growth in population, we're still in 2008 on average, in practice because the rich have got richer mostnormal peopleare still worse off than in 2008.

author: Zero999
author_rank: Super Contributor
timestamp: October 04, 2016, 09:09:12 pm
content: Quote from: nctnico on October 04, 2016, 08:13:17 pmIrrespective of all the other problems in the world, it will take a long time to see how the UK economy will perform after Brexit.Quote from: jonovid on October 04, 2016, 08:16:13 pmWhy? He's more of a moron than Clinton. Yes, she's incompetent and lied but she's much more honest and capable than Trump, who changes his mind like the wind.

author: doobedoobedo
author_rank: Regular Contributor
timestamp: October 04, 2016, 09:51:50 pm
content: Quote from: boffin on October 04, 2016, 07:53:07 pmYou were doing so well until you decided to get your insight from the IMF who are a bunch ofcorruptrapists

author: RGB255_0_0
author_rank: Frequent Contributor
timestamp: October 04, 2016, 10:29:52 pm
content: The FTSE is living off the dream scenario of dollar-denominated accounts practices.For normal people the fall in interest rates is the reason why people are still spending money because it's worthless sitting in the bank. Recently Lloyds Bank dropped by cash ISA rate to from half inflation to costing them more to send the letter to tell me of the change.We still haven't left the EU, and for all of the rhetoric from Cameron and Osborne about having to balance the books, to suddenly being forced to spend under May, the conservatives realise Brexit will cause chaos, and for one aren't sugar-coating it.So if you invested in Burberry et al you're living the dream of Chinese middle class extravagance.I'm far more pessimistic that the average person will see any benefit to Brexit, however.

author: nctnico
author_rank: Super Contributor
timestamp: October 05, 2016, 01:34:51 am
content: Former super-power or not IMHO the UK on it's own is a dwarf between economic giants so without the EU membership it will be hard to negotiate good trade deals without compromising cultural differences and on things like (food) safety regulations. The TTIP negotiations are a good example where there is clash about many things which are rooted in cultural differences.

author: jonovid
author_rank: Super Contributor
timestamp: October 05, 2016, 02:53:35 am
content: QuoteI beg to differ. Obama should give his Nobel Prize back. & the clintons one of them should be in jail.should be sanders vs Trump.

author: zapta
author_rank: Super Contributor
timestamp: October 05, 2016, 05:14:57 am
content: Quote from: boffin on October 04, 2016, 07:53:07 pmAnswer here:https://pbs.twimg.com/media/CsgA1GuUEAAyeFI.jpg

author: zapta
author_rank: Super Contributor
timestamp: October 05, 2016, 05:42:50 am
content: The main question is will it happen or not. How does it look from the UK side?

author: rstofer
author_rank: Super Contributor
timestamp: October 05, 2016, 06:06:59 am
content: As the UK won't even start the process until March 2017 and it won't be complete until March 2019 (unless extended, and it won't be), projections for economic activity in 2017 shouldn't be affected by Brexit. It's years away!Maybe there's less investment into the UK or, fearing bilateral tariffs, maybe there's more. The UK is too big of a market for the rest of the EU to lose. Who can Germany sell to when many of the other EU countries are bankrupt?Sooner or later, the small players in the EU like Spain, Portugal, Italy and Greece are going to go bankrupt. Not having to pony up money to bail them out is also an upside. Without the UK's support, I don't see how Germany can finance all of these countries.In the end, the money thing will work out. Even if it doesn't, regaining sovereignty is worth the cost. I would sure like to see the US learn from Brexit and extract us from the UN, NATO and a couple of foreign countries. We could use the money at home!

author: Marco
author_rank: Super Contributor
timestamp: October 05, 2016, 06:12:41 am
content: Quote from: vodka on October 04, 2016, 07:08:42 pmAssuming complete price inflexibility and all foreign goods being bought with domestic savings instead of foreign currency income ... a bit unrealistic.

author: raptor1956
author_rank: Frequent Contributor
timestamp: October 05, 2016, 07:46:15 am
content: Quote from: jonovid on October 04, 2016, 08:16:13 pmI can't stand either and electing Trump as an American BREXIT is, well, nonsense. Trump talks a good game of being with the working class, but nothing in his business past suggests that any of his rhetoric is anything more than political BS. Trump sized up the brain dead right in the USA a few years ago when he began with the birther nonsense and has played the same game in all other matters since -- there is simply no way the believe anything he says.But, does that mean I want Hillary -- F NO! Prior to Bill Clinton I was a lifelong Democrat but his championing of the GATT, NAFTA and WTO during the 1992 election was when I turned my back on the party that had turned it's back on the middle class. It's been hard to find anyone to vote for since then as both parties are bought and paid for by a small number of people and institutions that wield power vastly beyond there numbers.What is interesting is just how this has progressed elsewhere in the western world. It isn't just the USA that's bereft of leadership that's working for the people and the nation -- this is a contagion that has spread just about everywhere in the west.Brian

author: System Error Message
author_rank: Frequent Contributor
timestamp: October 05, 2016, 08:50:30 am
content: What people dont seem to get was that brexit wasnt about gaining independence from the EU, The UK was already an independent nation and wasnt a full partner to the EU. The people behind it didnt seem to do things properly. Did they read scotland's terms for remaining part of the UK? They didnt give any details either.I really hope that they do actually put money back into the NHS and that british companies learn to operate more efficiently. In other countries they can have the same wages but the companies are even able to cover health benefits too so theoratically having the NHS is supposed to reduce burden on local companies and make our stuff cheaper but that doesnt seem to be the case.Currently the way items are priced in the UK is like as if they import it from the US when it all comes straight from the manufacturer like for every other country.For the UK if it doesnt improve its image regarding their attitude towards foreigners and immigrants they are going to see a drop in tourism. Just recently when my friend visited some local scouse apparently cursed him just for being muslim saying they caused all the problems. If i had heard those guys early on they would've been part of the pavement but lucky for them i didnt hear them at that time. When it comes down to it i can easily kill a person in a single punch. If they dont put their hate and narrow views aside its not going to be a smooth transition.The idea that the EU is messed up is true for a small part but not entirely. There still are 3rd world countries in the EU and people are buying from china rather than making use of those countries where manufacturing could be cheaper and you would have a more humane government to deal with rather than the CCP. politics in the world has never been messier, there doesnt seem to be many politicians that actually care about the people. The way that some of the american judges have been hammering down on corporate corruption and scandals recently is impressive but even for the US there arent any decent people to vote for. People predict that with hillary things wont change, with trump hes been listening to the wrong people which is why he says what he says in public. In interviews if you watch the full interviews (not the summarised version) you will see trump saying things like " i heard that, i read that", hes been listening to groups like britain first that provoke responses, that cut and paste part of the truth, who clearly have their own agenda.

author: dannyf
author_rank: Super Contributor
timestamp: October 05, 2016, 11:04:37 am
content: "For the UK if it doesnt improve its image regarding their attitude towards foreigners and immigrants they are going to see a drop in tourism."The UK had a fine image, and probably a better one due to brexit: they demonstrated that they are a people who can think for themselves rather than some shimpies who are too lazy so they have to rely on some some experts to make live decisions for them.As the foreigners, well, thee UK is first and most a country for the people of the UK, not some foreigners. Unlike the us where foreigners and dead people can vote for the presidency, the last still works in the UK.Yeah, more power to the people of UK. The "experts" are nothing but frauds

author: EEVblog
author_rank: Unknown
timestamp: October 05, 2016, 11:21:07 am
content: Quote from: Hero999 on October 04, 2016, 07:30:55 pmAnd locked again.