Governments first Brexit position paper fails to answer key questions

[sasguru]

A construction frenzy is the poor man's way of trying to stimulate an economy, typically used by undeveloped economies to give themselves an initial boom. But when resorted to by a supposedly developed economy like Spain it's a disgrace (although sad to say the UK seems to be trying much the same).

In any case it usually ends with a huge bubble that bursts. So seeing loads and loads of tower blocks going up in Spain is not a promising sign of recovery, but a symptom of desperation that will probably end in economic disaster.

In this case you're wrong, the building work is because Lisbon has become the hot destination in Europe and every man and his dog are buying there.
The beautiful people from Europe have just discovered it, lots of startups and businesses relocating because they're offering a good tax deal - no personal tax for 10 years I think, provided certain conditions are met.

Tax in Portugal for Expats | Experts for Expats
The ultimate pension freedom: Retire in Portugal and reduce your tax - Telegraph

Flying there next week to view some properties, getting uneasy about having too much on the stock markets.
Although I wish I'd done this a couple of years ago.

[original PM]

Was in Lisbon a couple of weeks ago and it's obviously in the throes of a massive boom. Cranes everywhere, incessant building.
Spain is growing at >3% per year
The direction of travel is at least as important as the current state.
It may be that the German medicine is beginning to work and the southern states have adjusted after a period of great pain to start the journey of becoming more competitve within the Euro - the end of the great Recession also helps, of course.
Previously to the EU they were locked into an endless cycle of devaluation to keep competitve - it's wasn't a good long term propect as they well know, which is why they're for the European project.

I'm afraid your thinking is out of date.

Your point?

There's A Lesson In Spain's Surreal, Unfinished Cities | HuffPost

[sasguru]

Your point?

There's A Lesson In Spain's Surreal, Unfinished Cities | HuffPost

You're confusing (it seems to be a constant state with you) Spain's unsustainable property boom which occurred before the great recession of 2008 with its current, more healthy, export led boom. Like I said, severe austerity has a habit of crushing inefficient businesses and ideas and excess. Those that survive are super fit. Same thing happned to businesses here in the 80s.
The good news is that you can buy a property in Spain relatively cheaply now (as there is a glut that was created 10 years ago) and wait for capital gains as the economy expands.
Hey maybe Brexit is a good idea, I reckon the resulting austerity will be great for some sectors of the British economy - it'll be a much smaller economy but those businesses that survive will be world class

[BlasterBates]

https://www.bloomberg.com/news/artic...ivity-boe-says

Foreign-owned companies are beating their domestic peers when it comes to the U.K.’s productivity, according to Bank of England research.

They’re around twice as productive as domestically owned firms, according to BOE staff Sandra Batten and Dena Jacobs, who examined data from around 40,000 companies. That’s because they invest more in research and development, are better managed, collaborate with other organizations and promote the diffusion of ideas, the authors said in a post Thursday on the BOE’s blog.

After Brexit Britain will have to rely on its own companies, doesn't bode well because in my experience this is not new, it has been like that since the 1950's at least.

British companies are run by Jacob-Rees Moggs' educated at Eton.

[original PM]

You're confusing (it seems to be a constant state with you) Spain's unsustainable property boom which occurred before the great recession of 2008 with its current, more healthy, export led boom. Like I said, severe austerity has a habit of crushing inefficient businesses and ideas and excess. Those that survive are super fit. Same thing happned to businesses here in the 80s.
The good news is that you can buy a property in Spain relatively cheaply now (as there is a glut that was created 10 years ago) and wait for capital gains as the economy expands.
Hey maybe Brexit is a good idea, I reckon the resulting austerity will be great for some sectors of the British economy - it'll be a much smaller economy but those businesses that survive will be world class

I am just wondering how long it will be before you insults degrade to simply 'N****r' and 'I f**ked your mum'

[Cirrus]

I am just wondering how long it will be before you insults degrade to simply 'N****r' and 'I f**ked your mum'

No need to. He's got plenty of facts left yet, to slap you Brexiteers around the face with.

I admire you guys fighting back -into the valley of death etc. But we've got you surrounded. Nobody from any group has managed to identify an escape route. Not a single person.

We can bide our time.

Us and Vince - aka The Messiah

[original PM]

No need to. He's got plenty of facts left yet, to slap you Brexiteers around the face with.

I admire you guys fighting back -into the valley of death etc. But we've got you surrounded. Nobody from any group has managed to identify an escape route. Not a single person.

We can bide our time.

Us and Vince - aka The Messiah

Not sure I am going to put much value on someone who has Clooney as their avatar.

[Cirrus]

Not sure I am going to put much value on someone who has Clooney as their avatar.

An easy mistake you made. A lot of people can't tell us apart.

[darmstadt]

A construction frenzy is the poor man's way of trying to stimulate an economy, typically used by undeveloped economies to give themselves an initial boom. But when resorted to by a supposedly developed economy like Spain it's a disgrace (although sad to say the UK seems to be trying much the same).

In any case it usually ends with a huge bubble that bursts. So seeing loads and loads of tower blocks going up in Spain is not a promising sign of recovery, but a symptom of desperation that will probably end in economic disaster.

What like in London?

https://www.theguardian.com/business...-london-market

https://www.theguardian.com/commenti...tainted-wealth

[sasguru]

I am just wondering how long it will be before you insults degrade to simply 'N****r' and 'I f**ked your mum'

Where was the insult in my last post? I can only see statements of fact.