[Merged]Brexit stuff (part 2)

[sasguru]

At this rate there won't be a Euro. Italy's banks hold 40% of the EU's bad debts. Go Italy.

Money printing a.k.a. re-capitalisation will solve that.

[The_Equalizer]

It bounced back because Davies mentioned the possibility of soft brexit.

Soft Brexit rumours - pound up
Hard Brexit rumours - pound down.

What the markets are saying about the relative prospects of Britain in those 2 scenarios should penetrate even thick Brexiters noggins.

Davis shifted it from about 1.16 to 1.18 if you conclude that was the case.

[eek]

Money printing a.k.a. re-capitalisation will solve that.

Money printing != re-capitalisation.... at best it inflates debt away....

[The_Equalizer]

Money printing a.k.a. re-capitalisation will solve that.

Haven't you moved into Euro of late?

[sasguru]

He, along with OG and a few of the other vociferous Bremain community have slowly drifted away from the scene as their hysterical posturing has been shown to be well wide of the mark.
Only the uber-muttonheads like sas and darmy are left, hanging around like a bad smell whilst feverishly wiping froth from their screens trying to justify an ever-dwindling strand of logic.

And yet I want hard Brexit.
I'm not clear what you want.

[sasguru]

Haven't you moved into Euro of late?

Never put all your eggs in one basket.
I am match fit for Brexit, I doubt anything much will change if it's soft.
But a hard one will cause chaos and chaos is good for people with some capital

[eek]

Davis shifted it from about 1.16 to 1.18 if you conclude that was the case.

If you look at the euro dollar charts alongside the euro sterling charts, I don't think Britain had much to do with sentiment there.

The fact the shift related to new opinion polls in Italy is a slightly bigger clue to the thing worrying people.

[vetran]

If you look at the euro dollar charts alongside the euro sterling charts, I don't think Britain had much to do with sentiment there.

The fact the shift related to new opinion polls in Italy is a slightly bigger clue to the thing worrying people.

The EU is too big to fail

[sasguru]

Money printing != re-capitalisation.

I think it is when a government bails out banks. Private sector debt becomes public - the money from the bailout doesn't really exist anywhere (perhaps money-printing was the wrong word, that's more QE, let's call it money creation)

[shaunbhoy]

Cameron had a deal whereby we were out of the EU politically, in perpuity.
But still had a say in the EU.
And that would have been signed in treaty.

I expect he did. And, much like your post, he had not really checked the small print or even the

In fact what he had managed to "negotiate" for us was the equivalent of a food convoy turning up to Aleppo with a small box of out-of-date crisps and a couple of bottles of flat Cola.
No doubt that impressed the pants off a simpleton like you, but the more discerning voter saw it for what it was. Worthless.