Member Info for john46

Greetings bud ! Re "tall order " , interest on debt will make those economic targets almost impossible to achieve . Every yr economic growth will have to be revised upwards , just to standstill . ATB

You are showing great ignorance as to what constitutes economic growth . Economic growth , built on debt , does not constitute real economic growth . US economy GDP $20 Tn . ND increasing by $1Tn pa , that's 5% pa V economic growth of 2.5% . To the enlightened on here , that equates to an economic shrinkage of + 2% . https://en.wikipedia.org/wiki/Economy_of_the_European_Union EU GDP �15.3 Tn . EU QE �30 BN /mth , �360 BN pa or 2.3 % of GDP V economic growth of 2.5 % , net growth of ~.2% . Italian banks and DB will need bailing out in due course , negating this minuscule economic growth . UK now running a balanced budget , excluding infrastructure investment . I would conclude UK economy performing better than both US and EU . You need to learn how to read statistics !

"The rush for the exit has laid to rest a narrative about the attractiveness of Europe that emerged among strategists from Citigroup Inc. to Goldman Sachs Group Inc. to start 2018. The argument then was that economic growth and attractive valuations compared to U.S. peers would spur a strong rally this year. In practice, the opposite has taken place, with all regions outside of Europe in both the developed and emerging world benefiting from the money rushing out of the single market, according to the data. The trend is bad news for hedge funds because European financials was one of their most commonly-held long positions going into May, according to data from Credit Suisse�s prime brokerage platform." https://www.bloomberg.com/news/articles/2018-05-29/investors-already-bailing-on-europe-funds-in-throes-of-turmoil GS does it again , when will folk learn GS does not have their best interests at heart .

"A surging dollar and a capital flight from emerging markets may lead to another �major� financial crisis, investor George Soros said, warning the European Union that it�s facing an imminent existential threat." "Everything that could go wrong has gone wrong,� he said, citing the refugee crisis and austerity policies that catapulted populists into power, as well as �territorial disintegration� exemplified by Brexit. �It is no longer a figure of speech to say that Europe is in existential danger; it is the harsh reality,� he said. "The euro has many unresolved problems and they must not be allowed to destroy the European Union,� he said. https://www.bloomberg.com/news/articles/2018-05-29/soros-sees-new-global-financial-crisis-brewing-eu-under-threat Soros is stating the obvious , but why wait for the 11th hr to highlight perils .

Was it not Sturgeon that wanted to create a Scottish Sovereign Wealth Fund , with borrowed money . Interest charged would have been greater than anticipated growth . Obviously she's another person who hasn't worked in private industry .

Judging by your recent posts , I assume our wavelengths have converged at long last and that you have finally attained ENLIGHTENMENT . I also assume , that should you not sell up your losses will be multiples of �100k . ATB

Our Norse Goddess , can't believe you're leaving us on account of a couple of K NOBS

"Leaving the euro would mean that Italy would renege on its �600 billion in loans from the European Central Bank. Without doubt, the bank would collapse. The EU would go into financial and political meltdown. The ineluctable truth is that Italy is now a ticking time bomb, and I fear it is only a question of time before it explodes, with consequences for the continent which are impossible to predict. How ironic that the founders of the EU�s predecessor, the EEC, were driven in part by a desire to prevent a repeat of the terrible bloodshed of the two great wars of the 20th century, but their hubristic attempts at political and economic union have instead created division and hatred. Europe is not just creaking � it is falling apart. Is it any surprise the British people had the good sense to vote to leave the EU?" Read more: http://www.dailymail.co.uk/debate/article-5773311/PETER-OBORNE-Forget-Brexit-Italy-trigger-collapse-EU.html#ixzz5GciQgv45 Follow us: @MailOnline on Twitter | DailyMail on Facebook Italians are not renown for loyalty to their fellow Earthlings . DCB , do you now understand why folk in the know are chasing safe havens , and moving out of Financials ? ATB

"This tragedy dates back to Italy�s decision to join the euro at its launch in 1999. It proved to be a calamitous error. With its own currency, the lira, the Italian government was able to manage its own affairs and devalue its currency if necessary to make itself competitive. However, the euro has imposed a financial strait-jacket which has led to the closure of thousands of businesses, with millions of people put out of work. Shockingly, Italy has not seen any cumulative economic growth since it signed up to the European single currency. The Italian people know that their membership of the EU is to blame for mass unemployment, social collapse and uncontrolled migration. The new Italian PM, Mr Conte, is the first political leader to genuinely represent the national mood of outrage � and sorrow � at their post-lira impoverishment. Italy�s national debt is a staggering 132 per cent of its Gross Domestic Product � the second highest in the EU, after Greece." http://www.dailymail.co.uk/debate/article-5773311/PETER-OBORNE-Forget-Brexit-Italy-trigger-collapse-EU.html A pity such good intentions , when the EEC was formed , all those moons ago , has been corrupted by unelected jobsworths solely interested in lining their own pockets .

http://www.dailymail.co.uk/news/article-5770913/Ryanair-flight-hit-plane-taxiway-Stansted.html It amazes me so many Irish folk in U.K. Were willing to return home and vote in the Pro Choice Ref and help Eire move on from the flat earth Society . Was it not Galileo Galiley who told the Catholic Church that the World was not flat , but round . His vast wisdom caused his ex communication . Amazing that 500 yrs on some folk and countries are still misguided in their belief that European personalities have their best interests at heart . ATB

Below might explain why dcb investments are down and why our EU cousins are misguided :limited financial literacy , you couldn't make it up . This is what EU thinks of its sheeple "In a speech on central banking �in times of complexity,� Executive Board member Benoit Coeure said that there�s limited financial literacy among European adults. A lack of name recognition of the ECB president in the region�s biggest economy, where he and his institution are based, rather highlights the problem." https://www.bloomberg.com/news/articles/2018-05-25/half-of-german-adults-don-t-know-who-mario-draghi-actually-is DCB ! I hope you don't look up to these people , cause they don't think much of you .

"A cocktail of risks across Europe means only one thing for investors seeking safety: buy German bonds. Bunds are headed for the biggest weekly gain in nearly six years. As fiscal profligacy looms large over Rome, Spain�s Prime Minister faces a possible no-confidence vote, Turkey confronts a currency crisis and fresh trade war tension emanates from the U.S., the appeal of Germany�s debt is likely to persist." https://www.bloomberg.com/news/articles/2018-05-25/as-europe-s-risks-flare-everyone-piles-back-into-german-bunds And you still have exposure to EU , nil paw .

This time next yr , you'll be down +�200k . Preach to me then UTT Accountability ! A word we need to enforce across all aspects of Society .

"Our highly esteemed mate Mr. Barnier calls for �realism� over post-Brexit EU-UK relationship" Barnier means U.K. Won't have to bail out EU banks . He's stating the obvious again.

Are you spreading enlightenment ? Lol

"Intellectual capability doesn't really come into the question John. " REALLY ? Chinese and Japanese are masters of copyright infringements , cause they don't have the imagination of our Engineers !

If you get the chance , send off on Amazon for "the secrets of station X " , you will know it as Bletchley Park . At its peak breaking Enigma , it employed 10k folk , even back then , some had breakdowns . Sometimes it's the price of rightfulness and freedom . Virgin Galactic and Tesla want to do space travel , with an initial investment of �1Bn . You need to start seeing projects from a businessmans POV rather than as a cheap salesman . ATB

You're in windup mode today ! Read business news , you'll find EU banks have liquidity issues , hence EU's continuation of QE . Share price contagion will spread to U.K. FI , EIRE's being the worst hit .Your losses will rise to +�200k and you'll still be in denial about the flaws in the EU Elementary , should you choose to do some research

Re Gallileo : If our GCHQ , the most advanced listening station in the world , can eavesdrop on conversations in the South Pole , I'm certain we have the intellectual knowledge to have our own Gallileo program . Don't forget , our project will be self financing , without the aid of QE .

The prospects of slowing growth delaying European Central Bank policy tightening and Italian political uncertainty infecting assets across the region suggest there are further downside risks for the common currency, according to Alvise Marino, a foreign-exchange strategist at the bank in New York. The euro tumbled as much as 0.9 percent Wednesday, falling below 1.16 per Swiss franc for the first time since March. �The weak May PMI data for the euro area dashed any hopes of a rebound in European growth momentum," Marino wrote in a note to clients. �The weak European data in particular complicates the fiscal equation for the periphery at a time when political risk is on the rise. We see a risk this could translate in more widespread negative impact on European assets.� https://www.bloomberg.com/news/articles/2018-05-23/selling-euro-against-havens-may-be-the-way-to-play-europe-slump