Brexit, for once some facts.

[flecc]

And now for something unexpected in the Daily Mirror
"
Orkney Islands considering break from UK and Scotland to become independent after Brexit
The Scottish islanders backed staying in UK and European Union and are now looking into the option of exercising 'self-determination'

I heard this from the Beeb a few days ago. Interesting, and consistent with a long held feeling in some of the Scottish Isles that they'd prefer to be part of Scandinavia.

Their old gaelic has much in common and apparently the islands fishermen are able to converse with Norwegian fishermen with sufficient understanding both ways.
.

 

[Zlatan]

Steve Eisman is predicting another euro wide financial crisis, originating from all the bad loans many of EU banks are holding ( especially Italian ones)
Before everyone ddismisses him.he,s the one that predicted the 08 collapse. Film The Big Short is based on his story around 08 collapse.

 

[flecc]

Steve Eisman is predicting another euro wide financial crisis, originating from all the bad loans many of EU banks are holding ( especially Italian ones)
Before everyone dismisses him.he,s the one that predicted the 08 collapse.

Remember the old dictum that accompanies the work of all investment experts:

"Past performance is no indicator of future performance".

Everyone gets lucky at least once.

P.S. I accurately predicted the 1980 recession a full year before it happened, which earned me lots of money. But I miserably failed to predict the1991 recession.
.
.

 

[Zlatan]

Remember the old dictum that accompanies the work of all investment experts:

"Past performance is no indicator of future performance".

Everyone gets lucky at least once.

P.S. I accurately predicted the 1980 recession a full year before it happened, which earned me lots of money. But I miserably failed to predict the1991 recession.
.
.

He,s not the only one saying it. American banks had a massive wake up call and made fundemental changes, many eu banks are making exact same mistakes...but you are right if predicting was so easy we,d all be rich...but I wont be investing in EU banking, ( but in a way we are) especially Italian which really is in dire straights .
Time will tell. .

 

[oldgroaner]

From the Daily Mail on it's high horse over the imposition of a Press Standards agency

"Putting this rabble in charge of the Press would be like putting the Kray Twins in charge of the Police Complaints Commission: RICHARD LITTLEJOHN on why we don't want Left-wing bigots deciding what you can read in your paper"
"News is something which somebody doesn't want you to print, all the rest is advertising.

Perhaps the most pertinent came from Alfred Harmsworth, the first Viscount Northcliffe and founding father of the Daily Mail. In 1903 he wrote: 'It is part of the business of newspapers to get news and print it. It is part of the business of a politician to prevent certain news being printed.'

In Northcliffe's day, many politicians were appalled that rising literacy standards had led to an explosion in the sales of popular newspapers, which were filling the impressionable heads of their readers with information they had no business knowing.

Sounds as if they have a case?
Oh Dear, this is the truth
https://en.wikipedia.org/wiki/Harold_Harmsworth,_1st_Viscount_Rothermere

During the 1930s, he was known to be a supporter of Nazi Germany, purportedly having become convinced that the National Socialist Party would help restore the German monarchy. He cultivated contacts to promote British support for Germany.

Nothing has changed has it, they still have questionable motives to say the least

Making these so called Newspapers conform to standards of Truth and accuracy is a hundred years overdue.
A more accurate quote from them would be "We print lies not the News and all the rest is Advertising"

 

[KTM Bike Industries UK]

remind me again why UKIP have so much support from the working class?

http://www.mirror.co.uk/news/uk-news/nigel-farage-aide-faces-20-9549468

 

[oldgroaner]

remind me again why UKIP have so much support from the working class?

http://www.mirror.co.uk/news/uk-news/nigel-farage-aide-faces-20-9549468

Because they are great at "Honest Graft?" if you know what I mean...

Lord Nigel has stated that he is not responsible for those around him, rather reminiscent of the line from the old comic sketch

"One evening last October, when I was far from Sober and hauling home a load with manly pride.
My feet began to stutter, so I lay down in the Gutter,
And a Pig came up and lay down by my side.
A lady passing by was heard to say
"You can tell a man who Boozes by the company he chooses"
So the pig got up and Slowly walked away.

Walk away Nigel......

PS: Just a Historic Note:
The term "Honest Graft " was famously used as a "Self Promotion" by a Mayor of New York who famously absconded after embezzling $3,000,000
Of course we know that UKIP have a spotless reputation, so this cannot allude to them, so it must mean they work Honestly.
With a notable exception apparently.

 

[oldgroaner]

He,s not the only one saying it. American banks had a massive wake up call and made fundemental changes, many eu banks are making exact same mistakes...but you are right if predicting was so easy we,d all be rich...but I wont be investing in EU banking, ( but in a way we are) especially Italian which really is in dire straights .
Time will tell. .

While informative, is this going anywhere? we are leaving the EU, so what exactly is this information supposed to achieve?
Care to expand on the consequences for us outside the EU?

 

[flecc]

remind me again why UKIP have so much support from the working class?

http://www.mirror.co.uk/news/uk-news/nigel-farage-aide-faces-20-9549468

That's going to wreck Farage's close relationship with Donald Trump.

Trump isn't the idiot he appears to be at times, so he'll be wary of any UKIP contact from now on.
.

 

[Woosh]

While informative, is this going anywhere? we are leaving the EU, so what exactly is this information supposed to achieve?
Care to expand on the consequences for us outside the EU?

I suppose it should come through as common sense to get out of a burning boat that is the Euro. I personally do not think that the Euro is going to fail anytime soon, although there are many who see things differently.

http://fortune.com/2016/12/30/euro-outlook-2017/

 

[anotherkiwi]

While informative, is this going anywhere? we are leaving the EU, so what exactly is this information supposed to achieve?
Care to expand on the consequences for us outside the EU?

More lack of understanding what the EU does. Hint: the EU isn't a bank...

Banks have been behaving badly, it is up to the countries in which they are incorporated to punish the bad ones (still looking for a good one...). Unfortunately banks also have a bad habit of investing in one another so French banks which have invested in Italian banks are carrying some of the risk too... The ECB can intervene or not to save the life savings of the little guy when the badly behaving banks go bottom up. I think respecting the law and sending bankers who have commited crimes to prison might help and preventing banks from getting involved in speculation and high risk activity would too. Not holding my breath.

 

[anotherkiwi]

That's going to wreck Farage's close relationship with Donald Trump.

Trump isn't the idiot he appears to be at times, so he'll be wary of any UKIP contact from now on.
.

Trump is too busy emptying the swamp of the little alligators and installing bigger ones instead to notice what UKIP is doing...

 

[flecc]

Trump is too busy emptying the swamp of the little alligators and installing bigger ones instead to notice what UKIP is doing...

True, but in his position now he'll be informed of anything that can affect the presidency, especially anything overtly criminal.
.

 

[flecc]

The ECB can intervene or not to save the life savings of the little guy when the badly behaving banks go bottom up. I think respecting the law and sending bankers who have commited crimes to prison might help and preventing banks from getting involved in speculation and high risk activity would too. Not holding my breath.

If you could hold your breath to 2019 you'd be ok in the UK. That's when the obvious solution comes into force here:

Link 1

Link 2
.

 

[Kudoscycles]

Steve Eisman is predicting another euro wide financial crisis, originating from all the bad loans many of EU banks are holding ( especially Italian ones)
Before everyone ddismisses him.he,s the one that predicted the 08 collapse. Film The Big Short is based on his story around 08 collapse.

Zlatan,I fail to understand why you are so gleeful about another Euro financial crisis,even after Brexit we are going to still have to look towards Europe for the lion's share of our exports,even that Eurosceptic idiot Liam Fox realises that,so whether we Leave or Remain a Euro crisis is not good for our trade.
Italy has been a basket case for years,my suppliers in Milan (hard working people) have often said that Milan makes the money and Rome spends it.
KudosDave

 

[KTM Bike Industries UK]

well at least the team negotiating with the EU will be our best

oh, wait.

http://www.bbc.co.uk/news/uk-politics-38498839?SThisFB

no one with any sense wants to touch this farse with a barge pole!

 

[flecc]

Italy has been a basket case for years,my suppliers in Milan (hard working people) have often said that Milan makes the money and Rome spends it.

Italy's north and south have always been at loggerheads and many in the north want to redivide the country. Reminds me of this cruel northern Italian joke:

Question: Why are southern Italians so small?

Answer: Because their mothers told them they'd have to go out to work when they grew up.
.

 

[anotherkiwi]

And Spain, and France, and Belgium... The north and the south of just about any country, even Germany!

 

[flecc]

And Spain, and France, and Belgium... The north and the south of just about any country, even Germany!

Indeed, the same in the UK.

But there is a special degree of bitterness and even nastiness in the Italian north-south relations.

As a generalisation they are of course racially quite different, probably a major contributor to that situation.
.

 

[KTM Bike Industries UK]

Its not just inter country that has these splits, its county v country, areas of towns, even with our office we've got splits based on all sort of things.

You don't solve it by splitting things up, otherwise we'll all end up in our own little castles trying to solve the problems with our right legs being better than the left!