Author Topic: Britain on Canada way  (Read 1611 times)

caballero

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Britain on Canada way
« on: January 18, 2017, 09:48:30 PM »
It seems that Theresa May bet on a hard Brexit, control of borders and outside the single market. And the pound rises to historical highs.

The human tendency is to get in the shade of the best tree, therefore, the Brexit could be understood as a bet on the decline of Europe. A bet by the British ... and also by financial experts.

It seems that the proposal that London will make to Brussels will be a free trade agreement in the style of Canada. They prefer a total rupture if they don't reach this agreement, never continue inside in any way.

Meanwhile for Europe it seems that everything is good, there is nothing to modify, no self-criticism  :(
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jj2007

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Re: Britain on Canada way
« Reply #1 on: January 18, 2017, 11:27:10 PM »
the pound rises to historical highs

Define "historical highs" 8)

caballero

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Re: Britain on Canada way
« Reply #2 on: January 18, 2017, 11:33:08 PM »
The title of the news I saw:
"The pound experienced its biggest rebound since 2008 after May's speech"

In any case. It's a bet. Its gov has asked the citizens and they have spoken, probably the only country that has done it.
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HSE

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Re: Britain on Canada way
« Reply #3 on: January 18, 2017, 11:48:56 PM »
And the pound rises to historical highs.

It`s correct, but against Euro (It's an Euro problem GBP don't change very much).

Last month dollar have his own populism problem (that rise Euro and GBP).

HSE

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Re: Britain on Canada way
« Reply #4 on: January 19, 2017, 12:47:25 AM »
This is an interesting picture of World opinion about Brexit:

caballero

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Re: Britain on Canada way
« Reply #5 on: January 19, 2017, 01:20:36 AM »
I don't understand the graphic, the abscissa represent the months, but what represent the ordinate?
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rrr314159

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Re: Britain on Canada way
« Reply #6 on: January 19, 2017, 01:53:37 AM »
Ordinate represents value of US dollar in British pounds. It shows the pound weakening against the dollar. BTW this morning it's going the other way.
I am NaN ;)

jj2007

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Re: Britain on Canada way
« Reply #7 on: January 19, 2017, 03:19:15 AM »
It shows the pound weakening

Why waste time on such minor details ;-)

K_F

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Re: Britain on Canada way
« Reply #8 on: January 19, 2017, 06:53:45 AM »
I heard some along the lines that Trump is going to make the Dollar more competitive..
I'd take it that this means the Euro and Pound will have to follow suite... this will be interesting ?
 8)
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jj2007

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Trump got almost 54%...
« Reply #9 on: January 23, 2017, 09:23:46 PM »
2016 National Popular Vote Tracker
... of votes against him 8)

K_F

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Re: Britain on Canada way
« Reply #10 on: January 24, 2017, 03:49:01 AM »
I always sat one should look at news from both (or more) camps as this could end up being the same as the opinion polls that got it sooo wrong  ;)
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hutch--

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Re: Britain on Canada way
« Reply #11 on: January 24, 2017, 07:40:39 AM »
I am fascinated at the amount of money and influence that the elite have with their response to Brexit in the UK and electing Trump in the US. In the UK the Brexit argument raged for months before it was decided by the population and all we have heard since they voted to leave was the whining of the filthy rich and how the UK will sink into the sea unless the government reverses the will of the voters and starts kissing the arse of the EU again.

In the US the Dumbercrats simply picked the wrong candidate. They had an election winner in old Bernie Sanders yet by stacking the primaries and background dirty work with the special delegates they shoved a hated insider as their candidate and lost the popular vote. Its not as if the US voting system is not well understood by both major parties in the US or that both parties played the same game to win, its just that Trump was a less hated candidate than Clinton as he is not a Washington insider.
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BugCatcher

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Re: Britain on Canada way
« Reply #12 on: January 24, 2017, 12:39:06 PM »
What lost the election for Hillary was simply that the democrats made it clear they were going to eliminate the coal industry. The Midwest coal producing states went for Trump and voted for him in a land slide. Just look at the numbers.

jj2007

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Re: Britain on Canada way
« Reply #13 on: January 24, 2017, 08:07:41 PM »
That is interesting background info, thanks. It makes sense. The same would happen if somebody announced to close down Germany's Nordrhein-Westfalen's coal industry, despite the fact that it pollutes a lot and needs huge subsidies.

caballero

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Re: Britain on Canada way
« Reply #14 on: January 24, 2017, 09:40:10 PM »
I still think the EU is a great idea. From here it could have created a producer center of ideas and modernity for the world. The problem with big ideas is that they often attracts powerful people who end up perverting it.

Bureaucracy and subsidies dominate the EU. The dominant status quo is Keynesianism, the rest only have the right to the silence. At least in England people were asked, and they spoke.

The Brexit is not the disease, but the symptom of the disease, which seems to be what the leaders of the EU do not realize, maybe something is doing wrong if many pepole want to leave the club. No one move from the pattern that dictates the dominant status quo not going to be that they left their armchair and their big salary.
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