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[grannyboy] 05/9/2018 13:58

The corrupt EU gangsters have proved by their open borders just don't end on European soil, these lefty liberals want global open borders..the same as George Soros ideology..

Their intention is to destroy nation states, patriotic beliefs AND countries sovereignty.

[beeks of arabia] 05/9/2018 13:32

Ahh, gotcha. Blinkered hatred.

Thanks.

[mount teide] 05/9/2018 13:28

BofA - I too have always found the people's of Europe a mostly friendly and welcoming group.

Its the venal charlatans masquerading as the European political elite that is the problem - most simply do not believe in Nation State democracy and blindly regard the EU as a political project which must be supported regardless as to the huge cost financially and socially and, politically through undermining Nation State sovereignty and democracy.

How to subjugate 500 million people in two words (without ever giving them a say in the matter, because when we do they always say NO!): "Pooled Sovereignty"

[beeks of arabia] 05/9/2018 13:02

Extensive travels, not expensive!

[beeks of arabia] 05/9/2018 12:36

MT - who mentioned fighting in Europe? Kudos for linking this to your blinkered hatred of the EU though.

And you forget that we caused many of the structural issues in Europe that led to the wars.

It would be interesting to know what you mean by how we are treat by such nations - i've only ever seen friendship and tolerance on my expensive travels to Europe.

[mroalan] 05/9/2018 12:27

Spitting, you are jumping the gun some what,where in my post did i post a comment for/against? my concept of british soldiers murdering brown people,yes well.

[mount teide] 05/9/2018 11:21

The last two occasions the British Army had to fight in Europe was to save the Continent and its peoples from tyranny - you could be forgiven for thinking it had even happened considering the way the British are treated today by most of the Nation's they saved.

[spittingbarrel] 05/9/2018 11:13

mroalan - Personally I would rather British soldiers were fighting alongside their neighbours than against them. You sound as if you have a problem with this concept.

[aleman] 05/9/2018 10:50

Bumper UK car sales rise in the quiet month of August

[mroalan] 05/9/2018 10:23

british Soldiers recently deployed wearing EU badges on there arms.

[mount teide] 05/9/2018 08:37

Lord King is right about Brexit - the remainer PM, her handpicked Remainer Cabinet, Remainer Advisors, Remainer Treasury, Remainer Whitehall and Remainer Lording it over the Chav's - have deliberately and wilfully put the Nation in a position he so eloquently describes in today's Telegraph:

"The group of people tasked with trying to make decisions on all of this is Parliament as a whole not just the Government, and the civil service, who have brought us to a position where we are now being told that we have to accept a certain course of action otherwise it would be catastrophic. Now, it beggars belief that the sixth biggest economy in the world should get itself into that position."

Lord King, who was in charge of the UK's central bank from 2003 until 2013, said that credible plans should have been put in place to leave without a deal because Britain cannot impose a deal on the EU.

Exactly; leave means leave - so credible plans to leave without a deal should have been the first priority for a PM AND GOVERNMENT COMMITTED TO HONOURING THE REFERENDUM RESULT IN ORDER TO CREATE THE STRONGEST POSSIBLE NEGOTIATING POSITION!

Leaving it to the incompetent third raters at the Treasury and Whitehall - who were completely schooled and made to look like amateurs by the battle hardened incredulous Private Sector who laughed all the way to the bank - to 'negotiate' the circa 750 PFI Contracts, produced a predictable and totally disastrous result for the taxpayer that we will all be paying for decades.



Lord Mervyn King blasts 'incompetent' preparations for Brexit and says Government has no credible bargaining position - Telegraph today

'Mervyn King, the former Bank of England governor, has branded the Government's Brexit preparations as "incompetent".

In a damning assessment, Lord King said it "beggars belief" that Britain, one of the world's leading economies, had found itself in a situation where the country was being told to take a course of action or face catastrophe.

However he suggested blame should be shared by the Government, Parliament as whole and those on Whitehall who were tasked with making key decisions.

Lord King, who has spoken favourably of Brexit in the past, tore into the last-minute preparations for a no-deal Brexit, warning they had left Britain without a credible bargaining position.......'

[mount teide] 04/9/2018 17:22

Fraud and bribery is an ingrained business culture in Germany - their record as the country which most flouts EU rules for commercial advantage will come as little surprise to those who have done business with them.

When running a fleet of vessels on intra European trades the only Nation where marine/ship services providers routinely and brazenly tried to bribe our onboard management team with the promise of cash kickbacks to drop our existing suppliers and use theirs was in German Ports.

[mroalan] 04/9/2018 16:45

Eye watering figures.mro.

[mount teide] 04/9/2018 16:26

Why is a convicted VAT fraudster who offshore's most of his company's profits while living as a tax exile on Necker Island, being given the oxygen of publicity by National TV stations to spout his hugely embittered, self serving views on the UK electorate's decision to leave the EU?

[mount teide] 04/9/2018 15:53

Aleman - transport accounts for over 55% of global oil consumption - vehicle fuel economy has improved out of all recognition over the last decade and so has had a hugely positive impact on the cost of travel.

The global economy could well afford the higher oil prices in 2007/8 as evidenced by the fact that the POO continued to climb for 9 months following the start of the global financial crash - it was the knock on effects of the financial crash that eventually dragged oil and other commodities lower before quickly recovering in 2009/10.

Oil averaging $95 between 2008 and 2015 did not stop the global economy from recovering from the devastating effects of the financial crisis, aided and abetted by ultra low interest rates and QE.

[aleman] 04/9/2018 15:26

MT - and the rises just before 2008 and in 2009/10 helped cause a recession and a slowdown and recent rises since 2016 might be contributing to a slowdown/weakness. New highs in petrol prices could magnify the effects (lower big car sales - the most profitable) if and when the press jump on it.

[mount teide] 04/9/2018 15:18

henry - during 2008 to 2016 the $US v GBP averaged circa $1.50 - while Brent averaged $95 - high oil prices did't stop the FTSE doubling from its lows.

More than half of EU Nations are economic basket cases with over 100 million of dirt poor citizens. It took the German taxpayer 15 years and two trillion euros of investment just to modernise the industry and transport infrastructure of the former East Germany to a reasonable standard for its 15 million citizens. Germany did this by flouting EU rules and running a huge trade surplus which was illegal, but predictably never enforced.

Being part of the slowest growing by far economic block over the last four decades has overwhelmingly benefitted those who work in the public sector at the expense of the majority of those who work in the private sector.

[henryatkin] 04/9/2018 14:54

MT .... the GBP is 35% lower than the USD when oil was $141. You have to compare like with like.

Same applies to those who talk about the downside of being in the EU. Had we embraced the Euro we would in 2004 our BMW's would now be 30% cheaper. There are two sides to every story.

[mount teide] 04/9/2018 14:24

Today:
Oil at $79 - Diesel at £1.34/lt

In 2008:
Oil at $147 - Diesel at £1.28/lt


Global economy to slow further?

Why? Brent averaged $95 for 8 years between 2008 and 2016!

[aleman] 04/9/2018 14:08

£ down a bit. Oil at new 2018 high. ($1.2825 and $79.49). Looks likes petrol is going to get even more expensive. Another couple of pence at our local tourist-robber petrol station and it will be highest I've seen. Already happening in some countries:



Global economy to slow further?

[lr2] 04/9/2018 12:53

No we're not. We just don't want the venal, duplicitous European politicos to get their hands on it.

[blusteradjuster] 04/9/2018 12:29

The 52% are expecting £350m per week extra for the NHS.

Will Mogg and co enact that part of the Brexit “manifestoR21;?

Ha.

[jtcod] 04/9/2018 12:08

Reading about computing power and intelligent algorithms makes me wonder about the opportunities in the ETF space. Some ETFs have launched in recent times with AI algorithms driving them on a given investment remit. Jim Rogers for instance has just launched one in tandem with a couple of guys who approached him with an algorithm tailored to his investment style. The article I posted yesterday on BlackRock shows how ETF’s can handle astonishing liquidity demands (at least in a good market), they also continually offer small arbitrage opportunities which result in market activity which then corrects the fund to that which they are tracking. This I understand happens pretty swiftly.

Though, I haven’t seen an example of the following idea yet, (maybe something is already out there) but it seems to me if someone could write a decent ETF arbitrage algorithm to monitor all ETFs, link it on the super fast trading network and launch a Global ETF Arbitrage vehicle, in the early days before it is copied too much it would seem to me to be a potential money machine.

I am sure there is a flaw in that reasoning as it seems too easy but you never know I guess. :-)