Melrose Industries Share Discussion Threads

[steeplejack] 08/2/2019 10:02

My conclusions are that,economically speaking,the EU is something of a Ponzi scheme with highly indebted nations leaning together like a one of those towers constructed of playing cards.However,most of the worlds major economies,especially the US and the UK are similarly configured.As long as the economies continue to grow there's enough money to service the debt but once the economies slow or go into recession,the proverbial will hit the fan.There's simply not enough latitude either in money markets via interest cuts or in the public purse re old fashioned Keynesian stimulus,to cope with a rerun of the Lehman's crisis.China was majorly instrumental in the post 2008 recovery but it won't be able to assist next time,even less so given the current trade war impasse.The future looks bleak for everyone,there's no room for schadenfreude......sorry for the German.

[gettingrichslow] 08/2/2019 09:53

Yes Minny, Burford down almost 1% today, leaving them up only 1,430% in last five years.
ROFLMAO!!

[gettingrichslow] 08/2/2019 09:49

Steeplejack, it's about recognising that this much safer, less risky, united trading bloc that we are about to 'crash out' of is far from what some think it is. One doesn't have to have much vision to see that serious cracks are beginning to appear and could be about to get a whole lot worse. Germany has probably already entered recession. France in all sorts of trouble. Italy an economic basket case now run by some very opinionated characters whose main mission is to disrupt. Greece obviously. Watch a few of Stephen Sackur's recent 'Hard Talk' interviews with the likes of Salvini etc and see what you think the future holds for the EU. I would be interested to hear what your conclusions are.

[minerve] 08/2/2019 09:46

And good old Burford moving back down I noticed. He he he he he.

[brexitplus] 08/2/2019 09:22

Getting. Agree, the EU is falling apart, particularly France.

Apparently 30,000 French companies export to the U.K. with A quarter of the wine and beverages Britain imports are French, as are 23 percent of the potatoes and a fifth of its dairy products.

Oh shame. And they have a moron, sorry a macron, who won’t last much longer at this rate as President.

[steeplejack] 08/2/2019 08:42

Just waiting for a grumpy little man with a moustache and you'll really be able to get out the bunting eh chaps.Future looks rosy.

[gettingrichslow] 07/2/2019 22:32

"The wind of change has crossed the Alps" says Italian deputy leader tonight. ITV News have just described the situation as the most extraordinary diplomatic spat since the Mussolini era. Macron has described rise of 'populism' and anti-EU feeling as 'a leprosy'. Oh dear, I thought the 27 countries were all strongly united!
ROFLMAO!!

[brexitplus] 07/2/2019 22:00

Getting. Le Pen catching Moron in the polls. That will be fun. And as you say Eastern Europe not happy.

Has Fatso been commenting. He’s filtered. I wondered if he has broached his “daughter̶1; about a DNA test yet?

[minerve] 07/2/2019 21:37

Where is the plan?

I don't see one!

[minerve] 07/2/2019 21:37

Tusk only speaks what most Remainers are thinking. Well done to him.

I like him. He has a sense of humour.

[gettingrichslow] 07/2/2019 21:19

"France-Italy diplomatic spat deepens" - it's all going a bit pear-shaped in Europe. Five Star leader meets with the yellow vests leader to Macron's disgust. Salvini openly declaring affiliation with Marine Le Pen. Far right marches in Poland and Hungary. And we're worried we might not have enough cherry tomatoes on the shelves come March 30th!!! We're getting on the first lifeboat off the sinking ship - problem is not everyone has enough vision to see it!

[minerve] 07/2/2019 20:08

They had no ferries, and now, they may not have a port! ROFLMAO!

And the Little Englanders think we can go it alone!

Cuckoo .................cuckoo!

[brexitplus] 07/2/2019 19:04

Vince who?

[gettingrichslow] 07/2/2019 18:25

Tusk says there is "a total lack of effective leadership for Remain"

Well he's got something right then!

Anyone seen Vince Cable recently!!??

ROFLMAO!!! 😂😂😂

[minerve] 07/2/2019 16:43

"On another topic why the down turn in MRO is another fat cat bonus looming."

ROFLMAO!

[jackdaw4243] 07/2/2019 16:40

MW
That's a bit unfair I am not sure Mrs May has slept in the last few months, however I would say that many people confuse stubbornness and stupidity and the path she is following leans towards the latter. I do know that German car manufactures, Dutch flower growers and French fishermen are all getting concerned with the prospect of "No Deal".

On another topic why the down turn in MRO is another fat cat bonus looming.

[brexitplus] 07/2/2019 15:54

Where are the margins of error on the BoE forecasts? I bet they are asymmetric and we have been given the worst case.

I don’t trust anyone in London; not the BoE and certainly not the Treasury, particularly Hammond. He would give used car salesmen and estate agents a bad name.

[yertiz] 07/2/2019 14:24

Carney has an agenda, pure and simple. He is a Remoaner, distinctly un-Democratic and certainly not unbiased, just what we don't need at the helm of the BoE in these times. Have we all forgotten what the banks/bankers did to us some 10 or 11 years ago? Jail every one of them, especially the Canadian ones!

[brexitplus] 07/2/2019 13:51

Yertiz, more Project Fear from the BoE. Their forecasts are always wrong on the downside. And the BiasedBC is lapping it up.

[brexitplus] 07/2/2019 13:13

The Political declaration is non-binding so not much movement there. I read that if we have a delay, after the EU elections there may be a different political, and possibly more pro Brexit, divide. This I think is making the EU very nervous. The 'gilets jaune' are standing in France which should give Macron a bloody nose. And Five Star in Italy could make gains.

But I agree with you, the EU will end up a busted flush. Unlike other empires it is too fragmented.

[yertiz] 07/2/2019 13:06

Wise move. I've bought more Halma, Hikma, Evraz, RSA, Plus500 in the last 2 weeks. All sitting pretty, and all Brexit-proof to some extent.

The danger with the EU and their bureaucratic pettiness was always that they wanted to punish the UK for our 'foolishness' in voting to escape their hold, make an example of us, so other member states take note there is no easy option to leaving. Tusk has undone all of that in one sweeping comment. I can imagine the right wingers in Spain, France, Greece, Italy (they do exist there!) and BeNeLux countries will be jumping on the bandwagon to make the EU a busted flush.

The Euro and the EU will fragment in due course, I've no doubts. This will be the beginning of the end, hooray for that, especially if the likes of many of our so-called 'representative' MP's will have to go as well as Barnier, Juncker, Tusk et al.

The Aussies and All Blacks would have had a battering against the England team of last week. Same faces I reckon.

[yertiz] 07/2/2019 12:30

Are you still largely in cash, B+? I'm still holding on to a bit of cash but where there's fear there's profit to be made so I'm stil about 70% invested (not all in MRO either!).

Project Fear puts us on the edge of a cliff looking into the abyss with no way back. Donald Tusk has now described the abyss as his vision of Hell for all Brexiteers - I think he's already down there looking up and seeing us ready to urinate on him and his plans. If ever there was any doubt about a Hard Brexit, he has now confirmed this is the most likely route we'll take without saying as much. Stupid, arrogant little man that he is.

All I say is, Bring it on! Odds now about 2/1 for No Deal Brexit, shortened considerably from the 15/1 a couple of weeks ago. Are you reading this Minerve? HAHAHAHA, ROFLMFAO.