Reply to: Commerzbank: City fears Brexit disaster

[greenlake]

"The Financial Times has got hold of a research note from Germany’s Commerzbank, which says investors fear a Brexit ‘disaster’ unless the UK produces a decent strategy for leaving the EU."

The gents on the 49th floor of Commerzbank's Frankfurt HQ gives the execs a spectacular view as they piss on everyone from a great height....

[AtW]

It's a big bottom.

Where is xoggoth when you need him...

[jamesbrown]

That's the Big question....

It's a big bottom.

[AtW]

Since then it's been a race to the bottom.

Whose bottom?

That's the Big question....

[LondonManc]

The new ones get progressively worse, fecking "conservative" party got nothing to do with conservative principles, it's all fooked up.

Blair, Milliband, May; it's a race to the populist vote, no matter where it is compared to your party's values and principles.

John Major got dealt a horrendous hand with the Tory party in freefall with the sleaze (and didn't help himself... oh wait, he did, to Edwina). Since then it's been a race to the bottom.

[AtW]

Whichever side of the house you're on, there haven't been good leaders since Maggie and John Smith. Like them or not, they believed they were doing the best for the country, rather than for themselves.

The new ones get progressively worse, fecking "conservative" party got nothing to do with conservative principles, it's all fooked up.

[LondonManc]

It was bad decision to sell, but in any case days of Gold standard are long gone, the issue isn't lack of Gold for the markets, the issue is that incompetent people are in the driving seat - it's going to be a car crash with possible total write off.

Whichever side of the house you're on, there haven't been good leaders since Maggie and John Smith. Like them or not, they believed they were doing the best for the country, rather than for themselves.

[AtW]

What did happen to our gold reserves then?

Oh, that's right, they sold them!

It was bad decision to sell, but in any case days of Gold standard are long gone, the issue isn't lack of Gold for the markets, the issue is that incompetent people are in the driving seat - it's going to be a car crash with possible total write off.

[BlasterBates]

Nice to see the controlling defeatist attitude of remainers!


What happens if the EU has become a basket case in the interim will they settle for being the new British Empire?

Paris - Un Region de Grande Bretagne?

has a nice ring to it!

It's true that a poorly performing European economy could get the UK a good deal. Unfortunately it looks like the Euro area is looking very robust indeed.

https://www.bloomberg.com/news/artic...th-strengthens

[vetran]

The government won't willingly go in for a transitional deal, it will be "frog marched" into it, by economic reality.

Nice to see the controlling defeatist attitude of remainers!


What happens if the EU has become a basket case in the interim will they settle for being the new British Empire?

Paris - Un Region de Grande Bretagne?

has a nice ring to it!

[LondonManc]

You are so rude!

Could not you just say that Brown and Bliar gave the farm all the love they could?

At least they did not sell it!

What did happen to our gold reserves then?

Oh, that's right, they sold them!

[AtW]

The government won't willingly go in for a transitional deal, it will be "frog marched" into it, by economic reality.

What transitional deal?

They will have 2 years to negotiate and will fail in all key objectives, EU will only survive if they make example of UK - that means no transitional deals (acceptable to May that is), it will be tulipy WTO rules.

[AtW]

The most amusing thing would be to watch income tax (including NICs) fall once highly paid City jobs get moved to countries with more sensible, stable Govts - budget is very heavily depends on taxes taken from the "wealthy", somebody will have to make up for the loss of revenue.

[BlasterBates]

Obviously, we disagree about what is going to happen when the EU says "non", with you being of the opinion that May will capitulate and beg for EEA w/ ECJ, free movement and massive budget contributions and fall on her sword with the electorate. I think she won't But it seems as though we disagree on her starting position too. You'll need to do better than "Nissan", given the consistency in what she's been saying for several months. The bottom line is that Nissan didn't need convincing. They made a risk-based commitment of 5-10 years and iced it with some crying/whining/foot stomping for show. Their decision was never in doubt. Business always trumps politics, and if business goes downhill, as you believe, they won't stick around forever. My guess is that they'll be around for some time.

The government won't willingly go in for a transitional deal, it will be "frog marched" into it, by economic reality.

[vetran]

May won't give up, instead she will sacrifice UK economy to prolong her own political survival - she put that before the country.

Oh she is going to a Gideon, Gordon or a Norman what a shock?