Extreme Brexit could be worse than financial crisis for UK: BoE

[bomber]

3 minutes ago, Chartist said:

 

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

as opposed to you predicting a land of milk and honey after brexit,you could make an absolute fortune if you can predict the boom times,FTSE 100 should be your starting point,the mighty UKs 100 top companies all waiting for brexit and lift off,how much of invested if you dont mind me asking.

[bomber]

12 minutes ago, Chartist said:

 

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

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.

[anon676545345]

4 minutes ago, bomber said:

as opposed to you predicting a land of milk and honey after brexit,you could make an absolute fortune if you can predict the boom times,FTSE 100 should be your starting point,the mighty UKs 100 top companies all waiting for brexit and lift off,how much of invested if you dont mind me asking.

 

Kindly highlight the post in which I predicted a "land of milk and honey" you sound bite repeating moron. I mean come on <deleted> is a land of milk and honey? I don't remember Farage saying come on guys vote leave and you can have some milk and honey, milk and honey, these aren't even difficult to obtain items <deleted> if I wanted <deleted> and f'ing honey I'd just go to the shop and buy them, I don't base my voting preferences on the promise of cheap cheap dairy produce.

[anon676545345]

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/

[bomber]

8 minutes ago, Chartist said:

 

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/

great,so how much have you lumped on the FTSE then? 7 weeks till lift off,snooze and you lose.

[bomber]

12 minutes ago, Chartist said:

 

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/

that is america,not the UK,they have been doing well the last few years and have a lot further to fall before a recession kicks in than the UK,2 days of snow does not register a blip on their GDP figures.

[wilcopops]

27 minutes ago, LucysDad said:

 

 

Grammatically, I find your posts hard to follow, don’t you ?

I bet you do!

[anon676545345]

20 minutes ago, bomber said:

that is america,not the UK,they have been doing well the last few years and have a lot further to fall before a recession kicks in than the UK,2 days of snow does not register a blip on their GDP figures.

 

You predicted a global recession 

[yogi100]

2 hours ago, bomber said:

Crime in the UK is nowt to do with the EU,if coloured british gangs in south east london want to kill each other its not an EU problem,its up to them,get on with it for me,soup kitchens and homelessness you have stated on here before,if someone is homeless there is a good reason for it,quite often drugs,alcohol or crime,i have no sympathy at all,and again its not an EU issue,sorry but working people are not using food banks unless they have blown their money on drink,ciggies or drug's,in 50 years ive never seen a food bank or know anyone who has and wouldnt even know where to find one,and i live in an area with the highest unemployment rate in the UK,so that makes a mockery of your post's,ive come to the conclusion your a socialist/communist and against anybody that has done ok out of life,corbyn is coming you should be happy,its probably why you voted leave to get him in

You know as well as every one else does that there is no way Corbyn will ever get in. 

 

Mind you it would certainly set the cat among the pigeons if he did.

 

People are homeless because the country is overcrowded with immigrants largely thanks to the hordes of EU nationals who are systematically invading our homeland.

 

Once free of the EU we can at least put a stop to that and get our own people back to work even if we have to stop paying them benefits to do so.

[bomber]

16 minutes ago, Chartist said:

 

You predicted a global recession 

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.

[anon676545345]

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. 

[bomber]

12 minutes ago, yogi100 said:

You know as well as every one else does that there is no way Corbyn will ever get in. 

 

Mind you it would certainly set the cat among the pigeons if he did.

 

People are homeless because the country is overcrowded with immigrants largely thanks to the hordes of EU nationals who are systematically invading our homeland.

 

Once free of the EU we can at least put a stop to that and get our own people back to work even if we have to stop paying them benefits to do so.

just checked the odds,Labour are the same odds as the tories to win,so where you get your no way from is rubbish,its a 2 horse race,simple as that,people are not homeless your just using it as an excuse for brexit,iam not sure where you are living to witness this but i live in the worst place in the UK for jobs and i dont see anybody homeless,a few druggies in shop door ways here and there but thats where they want to be,as for hordes of EU nationals i live in a village of 4000 people and i dont know any,not even one and ive lived here since birth and know 70% of folks who live here,iam sure there will be a handful but that will be about it,there are none working in the bars,shops,cafe's or driving taxi's,there are more ex south africans here than EU nationals,what is your opinion of them? you cannot put people into work who dont want work,if they worked in the first place the poles etc wouldnt of bothered coming,anyway your wish for them to return will come when the jobs start disappear,

[bomber]

12 minutes ago, Chartist said:

 

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. 

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.

[bristolboy]

7 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.

Not so:

A recession is a significant decline in economic activity that goes on for more than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP), although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.

https://www.investopedia.com/terms/n/nber.asp

 

In the United Kingdom, recessions are generally defined as two consecutive quarters of negative economic growth, as measured by the seasonal adjusted quarter-on-quarter figures for real GDP[3][4], with the same definition being used for all other member states of the European Union. [8]

https://en.wikipedia.org/wiki/Recession

[bomber]

2 hours ago, Chartist said:

 

Stating that it's fallen from last month doesn't prove me wrong it's higher than it was on 23rd June 2016

so its falling,again just because it didnt fall the week after brexit means everything is great,the big hit will be in 2-3 years with a bad deal,factories cannot relocate in weeks <deleted>

[anon676545345]

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.

[Scott]

Posts removed.   Grammar Nazis are not welcomed.

 

[bomber]

2 minutes ago, bristolboy said:

Not so:

A recession is a significant decline in economic activity that goes on for more than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP), although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.

https://www.investopedia.com/terms/n/nber.asp

 

In the United Kingdom, recessions are generally defined as two consecutive quarters of negative economic growth, as measured by the seasonal adjusted quarter-on-quarter figures for real GDP[3][4], with the same definition being used for all other member states of the European Union. [8]

https://en.wikipedia.org/wiki/Recession

i said 2 consectutive  quaters of negative growth,i was right thanks for confirming,i wasnt sure if it was an used for the EU also as i did state

[bristolboy]

2 minutes ago, bomber said:

i said 2 consectutive  quaters of negative growth,i was right thanks for confirming,i wasnt sure if it was an used for the EU also as i did state

Here's what you wrote:

"i can tell you now if US growth drops from 3.5% to 2.5% then the US is classed as being in recession,"

[anon676545345]

7 minutes ago, bristolboy said:

Here's what you wrote:

"i can tell you now if US growth drops from 3.5% to 2.5% then the US is classed as being in recession,"

 

To be fair in post 1724 he said "in the UK its 2 consecutive quarters of negative growth" but the he used wildly different classifications for declaring a recession in the US and Asia for some unknown reason. From reading bomers posts it's actually quite worrying how he's managed to absorb so little information over his adult life, I really hope someone else is looking after his finances.

Edited February 1, 2019 by Chartist

[Grouse]

https://www.theguardian.com/politics/2019/jan/31/theresa-may-will-not-be-flying-to-brussels-in-spitfire-bbc-clarifies

 

Tally Ho! Angels 1 5

 

Great to hear London calling!

 

 

Yes I know, but it's a better theme!

Edited February 1, 2019 by Grouse

[bomber]

50 minutes ago, Chartist said:

 

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.

that is what i posted but your werent having it.

[talahtnut]

43 minutes ago, Grouse said:

Tally Ho! Angels 1 5

 

Great to hear London calling!

Fully armed and bomb bay full, I hope

[bomber]

42 minutes ago, Chartist said:

 

To be fair in post 1724 he said "in the UK its 2 consecutive quarters of negative growth" but the he used wildly different classifications for declaring a recession in the US and Asia for some unknown reason. From reading bomers posts it's actually quite worrying how he's managed to absorb so little information over his adult life, I really hope someone else is looking after his finances.

just to let you know my finances are just fine aged 50 and ready to retire early next year to the dreaded warmer parts of the EU,as good as semi retired now,still get me hands dirty when i feel like it tho,but not because i need the money had enough even 4 or 5 years ago to of done it,those wildly different classifications you talk about i dont get what you mean,i stated IMO a 2% drop in growth as being a recession which imo is more than enough to suggest it,if america and asia dont class that as a recession i would be very surprised,perhaps if you google it you can tell us,as for absorbing information iam not sure where your coming from,surely not this board,i made 80% of my wealth before i even used a computer.you worry about your own finances old man 

[bomber]

1 hour ago, Chartist said:

 

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.

 

[anon676545345]

20 minutes ago, bomber said:

 

 

I applaud your patriotism but I don't see what relevance a picture of you at the pub has to this discussion 

[bomber]

2 minutes ago, Chartist said:

 

I applaud your patriotism but I don't see what relevance a picture of you at the pub has to this discussion 

i was thinking it was a brexiteer like yourself,iam a remoaner ????

[Grouse]

1 hour ago, talahtnut said:

Fully armed and bomb bay full, I hope

Roger that! 

 

Fancy the BEEB indicating that May was off to Brussels in a Spitfire! Marvelous!

[aright]

Don't blame China - this global economic slowdown is made in Europe

The actual figures show the source of the slowdown is not China at all. It is the eurozone. Of the three major engines of global growth, it is Europe’s that has stalled – and unless we recognise that, no one is going to be able to fix the problem. …………..

In contrast to the Asian super-power, Europe has genuinely caught everyone by surprise in the past three months – and not in a good way. Germany has been slowing for months, and this week we learned that retail sales fell by a shocking 4.3pc, the biggest fall in 11 years. It now looks certain that the country is in a technical recession.We learned this week that Italy is in yet another downturn, and with stalled industrial production, and flat consumer demand it looks as if France will not be far behind. With its three largest economies in trouble, between them accounting for more than half the zone’s output, the whole of Europe is now heading into a sharp slump. Even worse, it is refusing to do anything about it.

 

https://www.telegraph.co.uk/business/2019/02/01/dont-blame-china-global-economic-slowdown-made-europe/

[bomber]

23 minutes ago, aright said:

Don't blame China - this global economic slowdown is made in Europe

The actual figures show the source of the slowdown is not China at all. It is the eurozone. Of the three major engines of global growth, it is Europe’s that has stalled – and unless we recognise that, no one is going to be able to fix the problem. …………..

In contrast to the Asian super-power, Europe has genuinely caught everyone by surprise in the past three months – and not in a good way. Germany has been slowing for months, and this week we learned that retail sales fell by a shocking 4.3pc, the biggest fall in 11 years. It now looks certain that the country is in a technical recession.We learned this week that Italy is in yet another downturn, and with stalled industrial production, and flat consumer demand it looks as if France will not be far behind. With its three largest economies in trouble, between them accounting for more than half the zone’s output, the whole of Europe is now heading into a sharp slump. Even worse, it is refusing to do anything about it.

 

https://www.telegraph.co.uk/business/2019/02/01/dont-blame-china-global-economic-slowdown-made-europe/

i like the quote "even worse its refusing to do anything about it"  and is it really a surprise that nations who have been plodding along with 1-2% growth for 5-10 years have stalled ahead of a nation that has been averaging 6-10% for 20 years,not really is it.It looks like the telegraph have dropped a clanger again.Perhaps Germany and co should encourage their people to rack personal debt levels to UK levels to help out those poor suffering chinese workers whose jobs might be at risk,i think the vast majority of germans know better than to do such a foolish thing.