Member Info for john46

“Brexit is an immediate problem, and it’s a problem that’s quite frankly annoying every private sector organization in the world today,” the BlackRock CEO told CNBC’s Hadley Gamble

You need to desphyfer jargon and read between the lines , Fink is telling the world UK profits are going to be enhanced at the expense of the rest of the world .No wonder they're not happy

Post the link ,

I see you're either in mischeavous mode or licking your wounds , either way , Lusardy advises you need to find a Mrs .

ATB !

Larry Fink:-

"In Europe, structural issues are rising to the top again, he said.

“We don’t have an organized European response and so the only game in town again is still the central bank,” said Fink. “I believe we need a crisis in Europe to really fix Europe.”

https://www.bloomberg.com/news/articles/2019-03-07/blackrock-s-ceo-fink-says-modern-monetary-theory-is-garbage

Larry Fink , CEO of Blackrock sees it from a free market point of view

Larry is telling Mario that their forthcoming Economic turmoil is going to be saved by Brexit , intoning it would be highly adviceable for their periphery cousins to leave the Euro . Common sense to anyone financially literate .

A year of rejoicing for us all !!

"The European Central Bank is beginning the process of admitting it made a policy mistake. It looks like we get one for each governor.

Officials rightly acted swiftly to add more stimulus to the worsening euro zone economy on Thursday. Pushing out rate guidance and restarting TLTROs were all welcome moves now that the idiosyncratic risks to growth are morphing into widespread damage.

Some of the market reaction was logical: The euro weakened, and bond yields fell. Some was worrying: The decline in the benchmark Euro Stoxx 50 index showed investors did not take much solace from the extra accommodation.

European Banks Look Ungrateful
But their reaction to the ECB's latest round of stimulus makes sense

Source: Bloomberg
That this is all happening barely two months after the Governing Council voted to end new bond purchases through its quantitative easing program suggests something is not working in the Eurotower. "

https://www.bloomberg.com/opinion/articles/2019-03-07/ecb-stimulus-is-first-step-to-admitting-mistake-on-ending-qe?srnd=premium-europe

I can't believe no one has told them that if you distort free market forces , the consequences are extended hardship . Let's leave them to lick their self inflicted wounds .

22 days to a hard Brexit and good riddance .

"It seems that the worryingly large size of the downward revisions has been sufficient to bring the hawks on the governing council, such as Bundesbank head Jens Weidmann, into line with the rest of the governing council (including ECB chief Mario Draghi). There had been some pushback on looser policy from both the German and French members of the bank’s governing council. Weidmann said just a week ago that “there would have to be a monetary policy reason” for the return of TLTROs. From what my news colleagues are reporting, he appears to have seen the light."

https://www.bloomberg.com/opinion/articles/2019-03-06/even-the-germans-can-t-deny-economic-reality-in-europe?srnd=premium-europe

It looks like these EU trade deals aren't very successful . Now the fiscally prudent Germans are willing to further burden the EU countries with more debt to sustain German Economy . It sure as hell it's not Solidarity . Are folk dumb in EU ? When will they wake up to Germany using them !

"Thermodynamics " is purely a guide , on which I asked you for your opinion /experience , as you reveire Irish PM , each product has its benefits , purely enquiring .

In this day and age , energy conservation is of utmost importance , specially in the Northern Hemisphere , hence the importance of power loss reduction and therefore the comparison between Vaseline and KY .

I was only querying your preference .

"Tricky make sure to visit BUBU bar in Lloret del Mar and take the Vaseline "

So you're into Vaseline instead of KY !!

You need to explain to us the thermodynamic benefits of such oil based lubricants , specially in this age of energy conservation .

Thank you for History lesson !!

I most definitely do not want a Cromwell like personality on our shores .

Having risked my life on various occasions , maintaining Freedom of speech , it gives me great cause for concern that our politicians , at home and abroad ignore the wish of their electorate . The consequence is the rise of extreme parties and by default a new Cromwell , hence my observation .

With the Global Economy slowing down , diminishing returns on further QE , populace burdened to the hilt by their Respective ND , our politicians , need to tread more carefully now , since the end of ww2.

The Kashmir issue will never get resolved , but whilst watching news last night and learning Imran Khan had released Indian pilot , I found myself saying "WHAT A LEADER " , seeking Peace over petty squabbles . Across Europe our Politicians need to follow his example !

ATB Sir !!

"Cromwell not necessary, just a principled saavy politician, but that seems too big an ask!"

We presently have a new Napoleon across the Channel , so why can't we have a Cromwell ?

Respect Sir !!!

History always repeats itself .

The Global economy is over its peak , cyclical trends during which there is wholesale price/asset repricing .

Money funds want to maintain feel good factor to sustain their profits and commissions to the 11th hour .

RE: BMW

The markets got it wrong week prior to REF , following Jo Cox's murder , just as they have now .

I trust you're invested in KY .

Thanks to EU intransigence German car manufacturers are losing their most profitable market .

Can't see no growth EU picking up our slack .

They've shot themselves in the foot.

You couldn't make it up !!!

We have highest base rate in Europe .

Upon Brexit , BOE has flexibility , no other CB in Europe has that luxury .

Carney has to prove himself !!!!

From an official source:-

"the UK is being forced to accept the deal that May has cooked up! I really can't believe MPs would support it as it has some many major flaws!

To be honest you'd be better crashing out as you would reinstate UK independence. "

FFS , cut your losses ,

1c Defo on way

Our base rate is more likely to drop in 26 days , maintaining liquidity in system , and keeping export markets competitive .

As a nation , we have to stay ahead of the curve .

Carney might prove his usefulness in the near future .

Asset price correction will be Global , not confined to U.K.

UK housing stock overpriced , so correction should be beneficial to younger generation . Presently only benefitting house builders .

"A couple are offering to take £10,000 off the value of their home for anyone who buys it before the Brexit deadline of March 29.

Simon Foulkes, 61, and his wife Anne, 57, say they ‘want a deal, just like Theresa May’ before the UK officially leaves the EU after they put their home on the market several months ago.

Speaking last week, Simon – a volunteer driver on the Romney, Hythe and Dymchurch Railway – said he believed he was the first in the UK to offer a ‘Brexit discount’.

He said: ‘Why am I surprised that the politicians have messed it up so much? I just want to get it over with now. ‘We realise Brexit is worrying everyone, but we really want to be able to do this.

It is feared that Brexit could have a disastrous effect on house prices, and Mark Carney, governor of the Bank of England, has previously warned it could wipe 35 per cent off the value of properties.

Brexit housing crash imminent!!!

Lads, sell, sell, sell!!!!

Anyone who is in the buy-to-let sector is *****d!"

Fellas , my 1c prediction looks optimistic