joey_macmo
Player Valuation: £35m
genuobely not sure if serious, do a little research
Current Affairs EU In or Out
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genuobely not sure if serious, do a little research
I'm fully serious. Corbyn is economically illiterate. Show an example of successful socialism.
And by socialism I mean socialism. Not centre left social/Christian Democrat type systems.
A stable one.
Since Brexit, the currency has not been stable. Uncertainty is not good for the economy.
joey_macmo
Player Valuation: £35m
Karl Marx was an economist, the extreme left is almost entirely based on economic theory.
A successful socialist regime please.
And was Marx right? I haven't seen any withering away of the state...
The Esk
Player Valuation: £70m
Why?
Because the euro will flop without a powerhouse like the UK behind the EU, and ultimately UK economy has residual strength and the business concerns over brexit will soon evaporate when the process of leaving becomes clear.
They have already shafted Northern Ireland in regard to the border so "up north" will not cause them a second thought.
The currency markets are pencilling in $1.10 to the pound in 2017. Currency speculators have smelt blood as they did during the ERM debacle that resulted in Black Wednesday. The pound is now under the scrutiny of these speculators. They will be watching to see what the government/Bank of England will do to 'protect' sterling. There is money to be made for those speculators and they will be rubbing their hands and smiling that they will make a bundle.
There is jitters and any wrong word will be ceased on to send the pound down. They would expect the government/Bank of England to step in and buy pounds, off those speculators who pushed the price of sterling down incidently, that will push it back up. If there is inaction on the part of the government/Bank of England and they let the pound drift, or a rift between the two - as is evident of May's QE statement, also a cause of sending sterling down - currency speculators will seize on it. May's QE statement was an announcement that the Bank of England will not be buying government bonds, didn't go down well with those in the Far East, which borrows huge amounts of money off UK banks and other financial institutes to buy London property.
In Europe, they know they can send a shot across the bows of the UK and it will have an affect - as the Financial Times Hollande article shows, which was a contributing factor to the speculation. The French used to devalue the Franc against the German Mark in particular, to make their goods cheaper compared to Germany's. Affecting currency fluctuations as a means of economic policy was the main driving force behind the German's push for a single currency.
A falling pound should open opportunities for UK manufacturers, but because the UK financial sector is very reluctant to lend long term to manufacturing industry, they will find it difficult to take advantage of a falling pound.
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Clint Planet
Utter Cad.
It's not just media. Police figures bear it out. An Asian colleague of my wife was told to "Go back home!" last week, for example. She's from Manchester.
Pienaar's gloves
Player Valuation: £35m
I'm not an expert. I've voiced my opinion that a weakening currency is bad news for a net importer.
I'm not going to fall into the Brexit trap of giving you a number and pretending that my uneducated opinion is worthwhile.
Nothing has changed whatsoever
joey_macmo
Player Valuation: £35m
You said "the far left doesn't do economics"
You don't get to start changing the parameters when you make a statement like that.
A lot of the far left has its base in economics. You were entirely wrong.
It's not economics because none of the theories have ever happened. It's fantasies.
joey_macmo
Player Valuation: £35m
It's not economics because none of the theories have never happened? Really?
Karl Marks' theories have never happened?
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