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Thread: Brexit Begins

  1. #811
    Senior Member RandBlade's Avatar
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    Quote Originally Posted by gogobongopop View Post
    I saw somebody say that the additional interest we have to pay because of this downgrade now outweighs the cost of EU membership. That's not true, right? (I'm very ignorant about credit ratings) If it is true, given the other tweet I posted a few posts up (about us being down £300 a week rather than "up" "£350"), that would be pretty, well, shit.

    That's nonsense though, right?
    Pretty much nonsense yes.

    Thanks to the profligacy of past governments (G. Brown I'm looking at you) we spend more per annum on interest than we do on the NHS. Even a marginal increase in interest rates can lead to a major increase in debt.

    Except that the government has a very long spread on its loans meaning very few mature and need renewing at any one time, it would take about 50 years for an interest rate rise to filter through to all our debt. The immediate impact of any interest rate rise or fall is rather minimal.

    Secondly interest rates aren't set by what the ratings agencies set but instead the yield that investors on the bond markets demand.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  2. #812
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    Quote Originally Posted by RandBlade View Post
    Pretty much nonsense yes.

    Thanks to the profligacy of past governments (G. Brown I'm looking at you) we spend more per annum on interest than we do on the NHS. Even a marginal increase in interest rates can lead to a major increase in debt.

    Except that the government has a very long spread on its loans meaning very few mature and need renewing at any one time, it would take about 50 years for an interest rate rise to filter through to all our debt. The immediate impact of any interest rate rise or fall is rather minimal.

    Secondly interest rates aren't set by what the ratings agencies set but instead the yield that investors on the bond markets demand.
    And strangely enough those demands are linked to the ratings. So even if the paid interest isn't set by the rate, there is a direct connection between the two.
    Greece shows us that there is a kind of politician worse than the ones that break their election promises; the ones that keep their election promises.

  3. #813
    Senior Member RandBlade's Avatar
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    Yet strangely enough those demands are not linked to the ratings.

    The UK 10 year bond yield rate today is virtually identical to what it was seven days ago.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  4. #814
    Resiste et Mords! Steely Glint's Avatar
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    Donald Tusk: UK is dropping cake-and-eat-it approach to Brexit

    So... Brexit is a cake we want to both have and eat, but we... dropped it? We dropped the cake? ...but we're still trying to eat the cake off the floor? Donald Tusk says the UK is trying to eat Brexit off the floor. Or we picked up the cake (Brexit) first, and the UK negotators have invoked the five second rule?
    The walls are coming down.
    All we need is one to fail, one to break, one to take it all away.
    What if we crumble, what if we fall? Where's the flame that torch the soul?
    Truth, when spoken, dies down to nothing.

  5. #815
    SEÑOR Member Aimless's Avatar
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    They are expected to offer (= request) a two year long extension to the five second rule (implementation period).
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  6. #816
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    Interesting, the continued rights of EU citizens rest on treaty rather than British law. Now all you guys have to do is admit this falls under the jurisdiction of the ECJ and there is real progress to be reported to the Council.
    Greece shows us that there is a kind of politician worse than the ones that break their election promises; the ones that keep their election promises.

  7. #817
    Senior Member RandBlade's Avatar
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    They rest on Treaty for as long as we are a party to the Treaty. Once we have left that Treaty no longer applies and the ECJ is a foreign court.

    Name any nation subject to a foreign court like that. It is an absurd imperialist suggestion. What you are proposing is like suggesting that the House of Lords should have remained the highest court of India following its independence.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  8. #818
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    Quote Originally Posted by RandBlade View Post
    They rest on Treaty for as long as we are a party to the Treaty. Once we have left that Treaty no longer applies and the ECJ is a foreign court.

    Name any nation subject to a foreign court like that. It is an absurd imperialist suggestion. What you are proposing is like suggesting that the House of Lords should have remained the highest court of India following its independence.
    And yet..

    How's your trade worth the US going by the way? Enjoy the special relationship punitive rate much?
    Greece shows us that there is a kind of politician worse than the ones that break their election promises; the ones that keep their election promises.

  9. #819
    Senior Member RandBlade's Avatar
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    The sooner that oaf is out of the oval office the better.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  10. #820
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    Quote Originally Posted by RandBlade View Post
    The sooner that oaf is out of the oval office the better.
    Because Democrats are less inclined towards protectionism?
    Greece shows us that there is a kind of politician worse than the ones that break their election promises; the ones that keep their election promises.

  11. #821
    Senior Member RandBlade's Avatar
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    Bill Clinton signed NAFTA and Obama signed TPP before the oaf pulled out of it.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  12. #822
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    Quote Originally Posted by RandBlade View Post
    Bill Clinton signed NAFTA and Obama signed TPP before the oaf pulled out of it.
    The question is not from a history pop quiz but about actual present day US politics.

    In the mean time appearantly your PM has confirmed that the rights of EU citizens will be protected by the exit treaty. So, that makes you a province of the EU then?
    Greece shows us that there is a kind of politician worse than the ones that break their election promises; the ones that keep their election promises.

  13. #823
    SEÑOR Member Aimless's Avatar
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    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  14. #824
    Senior Member RandBlade's Avatar
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    Yes and I think a lot of politicians on both sides of the aisle are a lot less protectionist and understand trade a lot better than the squatter in the oval office.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  15. #825
    Senior Member RandBlade's Avatar
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    Aimless even assuming those numbers are legitimate (I'm not convinced they are), that's not because we have gone into recession as the lies told by those who backed Remaining insisted would happen, it's because our economic partners in the G7 have started to recover at last.

    That is a good thing to be celebrated.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  16. #826
    SEÑOR Member Aimless's Avatar
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    Quote Originally Posted by RandBlade View Post
    Yes and I think a lot of politicians on both sides of the aisle are a lot less protectionist and understand trade a lot better than the squatter in the oval office.
    This is not protectionism, it's another expression of crony capitalism sustained by industry lobbying, and neither party is immune to that particular affliction.
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  17. #827
    Senior Member RandBlade's Avatar
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    Good point and crony capitalism is a very bad thing. Hopefully the threats to cancel even bigger orders for fighter jets from Boeing will concentrate minds over some sales of 100-seater planes that Boeing don't even make any competition for.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  18. #828
    SEÑOR Member Aimless's Avatar
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    Quote Originally Posted by RandBlade View Post
    Good point and crony capitalism is a very bad thing. Hopefully the threats to cancel even bigger orders for fighter jets from Boeing will concentrate minds over some sales of 100-seater planes that Boeing don't even make any competition for.
    The CS300 is considered to be a threat to Boeing's short-to-medium-range 737 business.
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  19. #829
    Senior Member RandBlade's Avatar
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    That's capitalism for you.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  20. #830
    SEÑOR Member Aimless's Avatar
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    https://www.instituteforgovernment.o...net-office-foi

    Red, white, blue, purple, brown--anything but transparent.
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  21. #831
    SEÑOR Member Aimless's Avatar
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    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  22. #832
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    The right wing breximaniacs have a new theory : supposedly Merkel and Macron don't want a Brexit deal to keep Barnier from becoming the next president of the commission. So besides putting the blame on the evil EU they make clear that Britain is merely a plaything to be toyed with in internal EU politics.
    Greece shows us that there is a kind of politician worse than the ones that break their election promises; the ones that keep their election promises.

  23. #833
    SEÑOR Member Aimless's Avatar
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    http://www.reuters.com/article/us-br...-idUSKBN1CD0E6



    Someone should just get her a punching bag with Johnson's face on it.
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  24. #834
    Senior Member RandBlade's Avatar
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    Not sure what Johnson has to do with that story other than in the most tangential case of being one who pushed for Brexit in the first place, but then she [if by she you mean May] has accepted that already. Those MEPs plainly broke party discipline and the appropriate sanction has to follow through.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  25. #835
    SEÑOR Member Aimless's Avatar
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    Johnson has been publicly and privately undermining May for weeks, but can't be touched. Party needs an outlet for its self-loathing rage.
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  26. #836
    Senior Member RandBlade's Avatar
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    Plus ca change

    Brown undermined Blair for about 14 years without being touched. Politics draws big personalities.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  27. #837
    SEÑOR Member Aimless's Avatar
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    http://www.private-eye.co.uk/issue-1454/media-news

    Global Britain seems to be trying to learn from Bangladesh.
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

  28. #838
    All Worship Ragnarök Loki's Avatar
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    https://www.ft.com/content/68e4d7aa-...c-6a339da99cab

    The UK is going to negotiate the best trade agreements.
    Hope is the denial of reality

  29. #839
    Senior Member RandBlade's Avatar
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    Well if Greenpeace are criticising us setting up trade deals then it must be bad.

    Oh wait no. If it was the Adam Smith Institute etc then that would be bad.
    Quote Originally Posted by Ominous Gamer View Post
    Being upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  30. #840
    SEÑOR Member Aimless's Avatar
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    I... what?
    “Humanity's greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.”
    — Bill Gates

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