Brexit, the economy and house prices (Part 3)

A_Medium_Size_Jock

mayonnaise wrote: »

http://www.fin24.com/Economy/eurozones-economy-shines-through-in-year-of-political-strain-20171002

Yup, South African financiers know better.
:rotfl:

From the FT a few hours ago:
Euro knocked by Catalan vote

https://www.ft.com/content/5e349586-a707-11e7-93c5-648314d2c72c

Oliver Jones at Capital Economics says "if the outcome is a 'yes' vote and a unilateral declaration of independence follows, the destabilising effect on the economies of Catalonia and Spain could be very large."

https://www.poundsterlinglive.com/eur/7639-pound-to-euro-exchange-rate-catalonia

System

A_Medium_Size_Jock wrote: »

The usual, eh?
Swift back-track and then obfuscate when you've been caught out.

No back-tracking - your obscure correspondent has a bias and it shows in his assumptions. Did you read some of the other stuff on the site - they're all bright sparks but they've started with the conclusion and worked backwards to calculate the 'correct' assumptions. Cleverly done mind.

I'm happy to discuss what the effect the lack of the UK's contribution will have on the EU27 budget. I gave a few reasons why potentially it's significant but probably not that big a deal. If you don't want to discuss that's fine but could you lay off google - I want to use it later and you're going to break it.

A_Medium_Size_Jock

mayonnaise wrote: »

Italian banks' bad debt used to be another sign of the impending Eurozone collapse for some forumites.

However, in the real world, far away from Daily Express and Daily Mail op-ed pieces...

Italian banks’ bad loans fall sharply as economy rebounds

https://www.ft.com/content/6d33ef0c-9797-11e7-b83c-9588e51488a0

From that:

The total volume of bad debts shrank by €18bn, or nearly 10 per cent compared with the previous month, to €173bn

Also note that it took a 17 billion Euro bail out and the displeasure of the EU to boot.


ETA:
Regarding: "Italian banks' bad debt used to be another sign of the impending Eurozone collapse for some forumites.

However, in the real world, far away from Daily Express and Daily Mail op-ed pieces... "

Did you tell Deutsche Bank that?
DEUTSCHE BANK: Italy's 3 big problems could trigger the next financial crisis — and bring the euro down with it

http://uk.businessinsider.com/italy-financial-crisis-deutsche-bank-2017-9?r=US&IR=T

A_Medium_Size_Jock

ilovehouses wrote: »

No back-tracking - your obscure correspondent has a bias and it shows in his assumptions. Did you read some of the other stuff on the site - they're all bright sparks but they've started with the conclusion and worked backwards to calculate the 'correct' assumptions. Cleverly done mind.

I'm happy to discuss what the effect the lack of the UK's contribution will have on the EU27 budget. I gave a few reasons why potentially it's significant but probably not that big a deal. If you don't want to discuss that's fine but could you lay off google - I want to use it later and you're going to break it.

For someone who says he's happy to discuss there's an awful lot of inconsequential opinionated twaddle.
Oh, and rather I break Google than you break this thread as you repeatedly keep attempting judging by past experience..

System

A_Medium_Size_Jock wrote: »

From the FT a few hours ago:
Euro knocked by Catalan vote

On the BBC currency site which lists about 30 currencies the Euro is down against all of them except one - can you guess which one?

The SNP aren't having an illegal referendum are they? You'd be atop the first tank in of they did.

Thrugelmir

ilovehouses wrote: »

So, as we don't need a deal, Fox's warning to the EU is based on altruistic concern for the people of the EU?

Seems the fact that the UK agreed to timetable and agenda for negotiations is being air-brushed from history by Tory-central.

There is no formal timetable........... Never was.

System

A_Medium_Size_Jock wrote: »

For someone who says he's happy to discuss there's an awful lot of inconsequential opinionated twaddle.

At least my inconsequential twaddle is of my own making rather than from google's digestive tract.

Thrugelmir

mayonnaise wrote: »

Italian banks' bad debt used to be another sign of the impending Eurozone collapse for some forumites.

If Italy is performing well. Then the UK can only be in a far better place. Not least that our banks most certainly are.

Fella

A strong Eurozone economy is excellent news for the UK economy.

Indeed one of the biggest, possibly THE biggest threats to the UK economy is a Eurozone collapse (whether we're part of it or not).

So yes, any good news around the Eurozone is good news for the UK.

Thrugelmir

ilovehouses wrote: »

I'm happy to discuss what the effect the lack of the UK's contribution will have on the EU27 budget. I gave a few reasons why potentially it's significant but probably not that big a deal. If you don't want to discuss that's fine but could you lay off google - I want to use it later and you're going to break it.

How the EU27 fund themselves is a matter for them. Without doubt there's much disagreement. Reliance on contributions alone isn't enough. A form of centralised taxation policy has to be on the agenda.