skybluetony176
Well-Known Member
Bank ready to lower interest rates if Brexit is disorderly - Mark Carney
More positive news. From the BOE this time.
More positive news. From the BOE this time.
Bank ready to lower interest rates if Brexit is disorderly - Mark Carney
More positive news. From the BOE this time.
I have to pick up my German nationalisation certificate which is waiting for me.
Carney also threatened/promised to raise interest rates if Britain voted to leave, then did the exact opposite!
Then could you do us all a favour and stop referring to yourself as "British" when you are clearly not?
Carney also threatened/promised to raise interest rates if Britain voted to leave, then did the exact opposite!
Hasn’t Carney admitted it’s likely that there will now be an investment boom and increase in consumer spending after Brexit?
Highly likely given that there will have been 3years of stagnation and decline. When you hit the bottom there’s only one direction you can go. How long do you think it will take us to catch the rest of the the world up in terms of growth since we voted leave?
How long will it take to catch up with Italy, Spain, Greece - well pretty much every country other than Germany in the EU? I’ll have a long think about that one....
Four countries aren’t the rest of the world. Oh, and thanks to Italy’s own current political turmoil we have already caught them up in terms of rate of growth. Or should that be they’ve dropped to our level?
It’s a serious point. Foreign investment is at an all time low in the U.K. despite the weak sterling on paper making the U.K. look an attractive place to invest. We’re rock bottom of the G7 in terms of growth. Home investment is seriously low, manufacturing forecasts are seriously low, new companies registrations are desperately low etc etc. How long do you think it will be until we catch up the rest of the world? If it makes it easier for you we can just look at the G7 if you like.
Let’s face it. Once we leave there’s only one way we can go. And even then it will be a recovery not a boom. It’s only a boom when you compare to years of decline and stagnation and that’s not really a boom at all.
It isn’t a serious point at all as economic growth is one indicator.
Many EU economies have eye watering debt compared to ours and are only surviving due to rates of interest being artificially suppressed by the European Bank. All it takes is one of those countries to decide enough is enough (or in Greece’s case just go down) and many of these economies will enter a period that makes the Great Depression look like a minor blip.
How long will it take to catch up with Italy, Spain, Greece - well pretty much every country other than Germany in the EU? I’ll have a long think about that one....
So basically you’ve made the point and now a few details have been thrown in the mix you don’t want to discuss it because our economy isn’t a “serious point” now. Classic. Diverting from your own diversion.
It isn’t a serious point at all as economic growth is one indicator.
Many EU economies have eye watering debt compared to ours and are only surviving due to rates of interest being artificially suppressed by the European Bank. All it takes is one of those countries to decide enough is enough (or in Greece’s case just go down) and many of these economies will enter a period that makes the Great Depression look like a minor blip.
I think he is referring to the growth we would have had had we not slowed in comparison to other countries because of Brexit uncertainty. Other countries don’t have the additional problems of extra border controls, creating new agencies with thousands of civil servants, replacing hundreds of trade agreements from a weak position and under pressure of time coupled with currency devaluation.
But, enjoy thinking of other people’s problems whilst we drive into a brick wall.
Er no. There’s no diversion and what’s extraordinary is that after all the Brexit bilge you’ve come out with you now say the only was is up once we leave.
To recover some of what we lost is not a great reason for leaving.
Tiny says we will start to grow post Brexit - also as I’ve tried to explain growth is one indicator of prosperity
Which is hogwash and shows how clueless you are
Which is hogwash and shows how clueless you are
Are you saying that we won’t recover what we’ve lost?
The Brexit referendum was a tiny point in time when evaluating growth cycles.
Tiny? And you’ve got the nerve to call other people clueless. It’s a defining moment for everything especially the economy. If it’s “tiny” presumably if the economy does boom and I do mean boom not recover, you won’t be saying it’s down to brexit. Given how it’s a tiny point in time when evaluating growth cycles.
Well of course it is - you judge an economy in the same way you evaluate investment growth - over a long term - also as I keep saying this country and it’s independance from the euro is the biggest factor in last long term growth and future potential.
Really? What about membership of the EU and what terms, if any, we leave on? We are not in the Euro and there is no sign of us joining, so that is just another distraction from the main issue which is CU and SM.
Well of course it is - you judge an economy in the same way you evaluate investment growth - over a long term - also as I keep saying this country and it’s independance from the euro is the biggest factor in last long term growth and future potential.
I’ve already pointed out to you that investment both home grown and foreign (again, despite a weak that at least should make the U.K. attractive to foreign investors, maybe you could explain why that is if the referendum is a “tiny” factor) has decided rapidly since the referendum. That’s not short term and looks unlikely to change anytime soon. We’re not in the Euro and amazingly the pound is still stronger than the Euro which would indicate that the Euro hasn’t damaged our economy any more than the dollar. You’re really going to have to explain that comment with the clarity of detail because at the moment it sounds like empty rhetoric that you’ve assumed makes you sound intelligent.
No it isn’t as that still ties us into Eu policy - and long term political and fiscal integration which has proved a disaster. You are aware that countries like Spain, Italy, Portugal abd Greece are effectively bankrupt and the only reason that they remain functioning is the artificial suppression of interest rates from the European Bank?
The European Union is an unmitigated failure. It’s attempt to have a political cabal from Brussels has benefited its main paymaster and has caused misery everywhere else.
That’s why - another point you never acknowledge - this ghastly attempt at forced unity has led to rises in nationalism on a scale that would never happen in the UK
I’ve explained it in several posts Tony - what shall I do - use crayons to explain to you and Mart?
You could say the same about our economy. Our interest rates are surprised and a massive quantitative easing program was launched of the back of the referendum. Of those countries it’s (as I’ve already pointed out to you) Italy who has a growth forecast equal to ours. All The others have a higher growth forecast, Spain and Portugal especially. All that despite being in the EU and the Euro.
No it isn’t as that still ties us into Eu policy - and long term political and fiscal integration which has proved a disaster. You are aware that countries like Spain, Italy, Portugal abd Greece are effectively bankrupt and the only reason that they remain functioning is the artificial suppression of interest rates from the European Bank?
The European Union is an unmitigated failure. It’s attempt to have a political cabal from Brussels has benefited its main paymaster and has caused misery everywhere else.
That’s why - another point you never acknowledge - this ghastly attempt at forced unity has led to rises in nationalism on a scale that would never happen in the UK