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anon676545345

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Posts posted by anon676545345

  1. 3 minutes ago, bomber said:

    considering you cannot tell the difference between an coloured person of afro-carribean appearance and a white person of eastern european appearance who speaks a different language its no surprise,iam not a leftie either,i hate corbyn and co,you will voting for him though as your comments are as like something i would hear at a labour party conference 

     

    If your not a leftie why do you go to Labour Party conferences?

    • Haha 1
  2. 1 hour ago, bomber said:

    If it was that bad Greece would of ditched it,but they didnt and neither has any others voiced concern about it,why should they its a robust currency and brings many benefits.

    Hahahah mate your comedy gold it's like listening to Trigger from only fools and horses try and debate politics. 

     

    Greece tried to ditch it in 2015, they had a referendum rejecting the EU's bail out package which would of meant them leaving the EU and ditching the Euro, the EU didn't like that decision so they had to have another referendum, sound familiar. The Euro is not and never has been a robust currency, it's the main cause of the stagnation in Southern Europe.

    • Like 1
  3. 10 minutes ago, bomber said:

    i can tell you now if US growth drops from 3.5% to 2.5% then the US is classed as being in recession,you can argue as much as you like its a not a recession but it is or to put it in simple terms for you when you get a bald patch on the top of your head your hair is receding your going bald slowly but surely,you might not be happy about it but its a fact.In the UK 2 back to back drops of 0.25% is classed as a recession,iam not sure about other countries but they will use similar figures give or take a little.

     

    A recession is a drop in GDP for 2 consecutive quarters doesn't matter how you compare it to your receding hair line that's a simple indisputable fact.

    • Like 2
  4. 2 minutes ago, bomber said:

    correct and you posted a report on one nation,that nation is currently enjoying around 3%+ growth per year which should be enough of a buffer to keep it out of negative growth for at least 12 months if not 18-24 imo,the UK does not have that buffer,the report you posted was also only for the next 12 months,the asian nations also still have more than enough growth to hold off negative growth but dropping from 6% to 4% is still classed as a recession,in the UK its 2 consecutive quarters of negative growth which is a doodle with only a 1% buffer,hence its a certainty we will drop first,remember if china,germany and the US cough then we sneeze.

     

    If the global recession you forecast were to occur it would affect the US or it wouldn't be a global recession now would it. 

     

    Also dropping from 6% to 4% is not classed as a recession you need 2 terms of negative growth for that term to be applied, there's also no certainty "we will drop first" stop making things up. 

  5. 4 minutes ago, bomber said:

    turn your TV on and you will find the answer,the world recession wont be quite as bad at the UKs though,the poorest nations always suffer the most,never mind there are plenty of soup kitchens around so ive been told on here.

     

    Turned on the TV it reckons your full of it and theres not gonna be a recession within 12 months 

     

    https://www.cbsnews.com/news/recession-in-2019-heres-what-economists-are-predicting/

    • Like 1
  6. 12 minutes ago, bomber said:

    Sorry but the latest manufactoring figures showed output had fallen...please check them..you are wrong...bearing in mind this iz with a very weak pound, it doesnt bode well for brexit or the upcoming world recession

     

    What are you basing this forecast for an 'upcoming world recession' on and have you got a timeline for it? Could make an absolute fortune if you could actually predict a recession

    • Like 2
  7. 32 minutes ago, bomber said:

    you state the weak pound is good for industry but after brexit the £ dropped 15-20% but the trade gap actually widened so that puts that rubbish to bed,in the meantime inflation rose so brits had less money in their pockets,it has steadied since though,you also say low interest rates allow plenty of room for corrective measures,thats rubbish as rates are 0.5% and when recessions have come in the past rates were usually 4-15% and the powers that be reduced them to stimulate growth,at 0.5% there is barely anything to play with,why do you think the fed hiked the rates up in recent years at least they have the means to tinker with now,the UK does not,it will be interesting to see when the recession comes and rates drop to zero and the pound drops to less than a euro and nears parity with the dollar if they hike rates up to strenghten the pound,if not then inflation is going to soar but so will peoples mortgages,also this when household debt is about the highest in europe,the future for the UK looks very grim indeed

     

    I stated that a weak £ was good for the manufacturing sector which has been proven by increased manufacturing PMI, I didn't say that the weak pound has improved the trade deficit, that will take time. 

     

    I also stated that low interest rates give the BOE plenty of room for manoeuvre to control inflation as raising interest rates is a standard measure to lower inflation. 

     

    Forgive me for not taking your prediction of a recession seriously you see remainers have predicted a recession every single day since the referendum. One will come eventually but it won't be down to Brexit.

    • Like 2
  8. 1 minute ago, bomber said:

    its also 21 miles away and the UK imports a lot from there,going elsewhere will incur more costs hence the BoE predicting inflation to rise with a no deal,how much is open to debate but they as iam myself would expect increases even more so with a weak pound which would be even weaker with a no-deal,this is not project fear but reality.

     

    Yes the UK imports a lot from the EU i.e a massive trade deficit, you do realise that a long running trade deficit is incredibly bad and results in job loses and even the loss of entire industries. The weak £ is good for the manufacturing industry, inflation is pretty much at the BOE's target of 2% (currently 2.1%) and interest rates are low allowing plenty of room for corrective measures should inflation rise beyond the targeted rate.

    • Like 1
  9. 6 minutes ago, bomber said:

     but Iran,south africa and chile are not germany,france and holland,iam sorry ya replacing premier league trading partners with vauxhall conference standard,we are well aware trade will still go on 70-80% as normal for the first year or two even with a no deal but its the job loses that have already happened and the others that WILL come with a bad brexit that are the concern,and many will leave despite what the brxit fans say,you dont even hear Boris these days stating what he was when he was campaigning,its snowed for 2 days now in the UK so the next GDP figures will be effected as usual,that tells you how weak the UK is and how very little it will take to sent the country crashing,even more so as their is a world recession just revving up,brexit could not of come at a worse time,5th biggest economy but only the 9th biggest exporter means we under produce,i dont think you realise that,or in football terms we concede more than we score,do you get it now,if we were the 5th biggest exporter we would be Great Britain again,a bad brexit and we wont even be 9th position thats what you lot dont understand,i would think even losing only 2 of the big 4 car producers would see us drop a few places,perhaps you could tell us where the replacements would come from,please dont reply with an iranian trade deal or a deal to IMPORT more chilean wine

     

    For the love of god please stop with the terrible football analogies. When you compare the UK's population size being the 9th largest exporter isn't bad and as for having the 5th largest (think it's 7th now) it really doesn't matter if it doesn't filter down to the population in terms of good jobs and improved services. 

     

    Glad you mentioned the auto industry, how has the UK auto industry faired over the last 40 years within the EU? It's been decimated, now we produce vehicles for foreign manufacturers mainly for domestic consumption. 

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