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Jim Mellon - Pro Brexit

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    #11
    ah the imminent breakup of the Euro.

    Gr8 find. Good to see how these predictions turn out.

    I'm alright Jack

    Comment


      #12
      Originally posted by BlasterBates View Post
      ah the imminent breakup of the Euro.

      Gr8 find. Good to see how these predictions turn out.

      But really it was only ever about sovereignty and the primacy of British parliamentary democracy.

      Comment


        #13
        The EU has only avoided crisis because the ECB has resorted to an effective NIRP. This is a short-term papering-over of the cracks but stores up a greater crisis.

        https://www.ecb.europa.eu/pub/pdf/sc...c074964.en.pdf

        Commentary:

        Why US-Based Investors Should Be Terrified About What the ECB Admitted About NIRP | Zero Hedge | Zero Hedge

        You can all forget about having pension funds. Do you think the EU is worth it?

        Comment


          #14
          Originally posted by TwoWolves View Post
          The EU has only avoided crisis because the ECB has resorted to an effective NIRP. This is a short-term papering-over of the cracks but stores up a greater crisis.

          https://www.ecb.europa.eu/pub/pdf/sc...c074964.en.pdf

          Commentary:

          Why US-Based Investors Should Be Terrified About What the ECB Admitted About NIRP | Zero Hedge | Zero Hedge

          You can all forget about having pension funds. Do you think the EU is worth it?
          You've posted a prediction of the demise of the USD
          I'm alright Jack

          Comment


            #15
            One of the key differences between the US and the EU is that the EU has its debt under control.
            I'm alright Jack

            Comment


              #16
              Originally posted by TwoWolves View Post
              The EU has only avoided crisis because the ECB has resorted to an effective NIRP. This is a short-term papering-over of the cracks but stores up a greater crisis.

              https://www.ecb.europa.eu/pub/pdf/sc...c074964.en.pdf

              Commentary:

              Why US-Based Investors Should Be Terrified About What the ECB Admitted About NIRP | Zero Hedge | Zero Hedge

              You can all forget about having pension funds. Do you think the EU is worth it?
              But that's not what Mellon predicted in 2017, when the policy was already in place (.05%) in 2014.

              All sounds very Project Fear.

              Comment


                #17
                Originally posted by scooterscot View Post

                "The tourism sector has been the largest driver of the export recovery in Portugal," Ben Westmore, the head of the Portugal desk in the Economics Department of the OECD, confirmed to VOA.
                Fickle thing Tourism.. and why is it classed as an export?

                Comment


                  #18
                  Originally posted by scooterscot View Post

                  Oh the irony.

                  Greece & Portugal are doing rather well, in particular Lisbon. The city seems to be attracting a huge number of US migrants
                  Greece is not doing well at all. Keep saying it but the way the EU handled Greece crisis is one of the major reason we should leave.

                  Comment


                    #19
                    Originally posted by Benny View Post
                    Fickle thing Tourism.. and why is it classed as an export?

                    Tourism drives export - it's not classed as an export.
                    …Maybe we ain’t that young anymore

                    Comment


                      #20
                      Originally posted by BlasterBates View Post
                      You've posted a prediction of the demise of the USD
                      If they emulate the ECB NIRP. It's a rule on ZH, all articles must predict the end of the dollar - I think we will see more dollar strength, the least ugly in an ugly parade.

                      Originally posted by BlasterBates View Post
                      One of the key differences between the US and the EU is that the EU has its debt under control.
                      You are taking the piss?

                      Originally posted by Old Greg View Post
                      But that's not what Mellon predicted in 2017, when the policy was already in place (.05%) in 2014.

                      All sounds very Project Fear.
                      I don't think it's possible to predict a timeline, central banks are going to absurd lengths to avoid a day of reckoning. Debt jubilee/Outlawing Cash have been floated etc.

                      Comment

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